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Contact Lens Market - Brief Analysis by Top Key Players

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The global contact lens market is projected to witness considerable rise owing to rising prevalence of increased preference for contact lenses over prescribed eyeglasses for aesthetics purposes and rising cases of vision related problems like myopia. However, treatment of visual impairment comprises most of the uses of corrective contact lenses. Therefore, it is highly likely that visual impairment will spearhead the growth for the global contact lens market over the period of forecast tenure. In addition, technological progress achieved in the optometry field has escalated research and development activities, which had further led to the invention of highly advanced soft contact lenses over the years.

Some of the well-known companies in the global contact lens market are Bausch + Lomb, Johnson & Johnson, Carl Zeiss Meditech AG, CooperVision, Inc., BenQ Materials Corporation, and Essilor Group.

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Researchers at Transparency Market Research (TMR) have come up with a detailed report on global contact lens market for energy industry. They predict the market to expand at a robust growth rate of 7.4 % CAGR during forecast period, 2018 to 2026

North America Likely to Emerge as a Leading Region with High Adoption of Contact Lenses

The global contact lens market is split into the major regions of Asia Pacific, Middle East and Africa, Latin America, North America, and Europe. The classifications offer region-based information and market dynamics that could influence the growth of the global contact lens market in times to come.

Considering regional classifications, it is estimated that North America is likely to account for lion’s share of the global contact lenses market in years to come. The region is likely to be driven by high adoption of contact lenses among people of all age groups. Presence of high end healthcare facilities in the U.S. together with favorable reimbursement policies propel the growth of the North America contact lens market.

In addition, presence of a large base of geriatric population with visual problems and increased incidences of vision-related diseases and eye injuries are primarily triggering demand for contact lens in the region.

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According to the estimates of The National Eye Institute, nearly 2.9 million people in the U.S. were affected with low vision in 2014 and the number of such patients is estimated to increase and likely to reach a figure of around 5 million by the year 2030. Furthermore, according to the findings of the Centre of Disease Control and Prevention (CDC), in 2015 around 40.9 million people aged over 18 years wear contact lenses and these people hold comprise around 16.7% of the entire adult population of the U.S. Such high adoption of contact lenses is expected to speed up the growth of the contact lens market in the region.

Increased Research and Development Activities Augment Demand for Contact Lenses

The global contact lens market gathers momentum from visual impairment issues like myopia, glaucoma, astigmatism, presbyopia, and hypermetropia. In addition, contact lenses do away with the need to deal with heavy glasses thereby better aesthetics appeal of a person. Flurry of activities in the research and development to produce better contact lenses are further encouraging growth of the market. Various types of materials are being used for the making of contact lenses with multiple uses.

According to the data from a survey conducted by Johnson & Johnson, nearly every seven out of ten people in North America is faced with difficulty while driving and almost 55% of people complain about stressed eyes after facing harsh lights. Almost half of these people worry about squinting and almost 56% of Americans wish that they could adjust their eyes to various light conditions more quickly. However, new contact lenses that are produced today are designed to cater to the varying needs of individuals. These factors are likely to propel the growth of the global contact lens market over the forecast tenure, from 2018 to 2026.

On the other hand, a many of the users are faced with eye infections due to contact lenses. Despite such infections result due to poor maintenance of contact lenses, it is going to impede the growth of the global contact lens market over the assessment tenure.

posted Feb 11 by Rohini Chaudhari

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The global contact lens market is projected to witness considerable rise owing to rising prevalence of increased preference for contact lenses over prescribed eyeglasses for aesthetics purposes and rising cases of vision related problems like myopia. However, treatment of visual impairment comprises most of the uses of corrective contact lenses. Therefore, it is highly likely that visual impairment will spearhead the growth for the global contact lens market over the period of forecast tenure. In addition, technological progress achieved in the optometry field has escalated research and development activities, which had further led to the invention of highly advanced soft contact lenses over the years.

Some of the well-known companies in the global contact lens market are Bausch + Lomb, Johnson & Johnson, Carl Zeiss Meditech AG, CooperVision, Inc., BenQ Materials Corporation, and Essilor Group.

Planning To Lay Down Future Strategy? Request Brochure Of Contact Lens Market

https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=104

Researchers at Transparency Market Research (TMR) have come up with a detailed report on global contact lens market for energy industry. They predict the market to expand at a robust growth rate of 7.4 % CAGR during forecast period, 2018 to 2026

North America Likely to Emerge as a Leading Region with High Adoption of Contact Lenses

The global contact lens market is split into the major regions of Asia Pacific, Middle East and Africa, Latin America, North America, and Europe. The classifications offer region-based information and market dynamics that could influence the growth of the global contact lens market in times to come.

Considering regional classifications, it is estimated that North America is likely to account for lion’s share of the global contact lenses market in years to come. The region is likely to be driven by high adoption of contact lenses among people of all age groups. Presence of high end healthcare facilities in the U.S. together with favorable reimbursement policies propel the growth of the North America contact lens market.

In addition, presence of a large base of geriatric population with visual problems and increased incidences of vision-related diseases and eye injuries are primarily triggering demand for contact lens in the region.

To Obtain All-Inclusive Information On Forecast Analysis Of Contact Lens Market , Request A Discount

https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=104

According to the estimates of The National Eye Institute, nearly 2.9 million people in the U.S. were affected with low vision in 2014 and the number of such patients is estimated to increase and likely to reach a figure of around 5 million by the year 2030. Furthermore, according to the findings of the Centre of Disease Control and Prevention (CDC), in 2015 around 40.9 million people aged over 18 years wear contact lenses and these people hold comprise around 16.7% of the entire adult population of the U.S. Such high adoption of contact lenses is expected to speed up the growth of the contact lens market in the region.

Increased Research and Development Activities Augment Demand for Contact Lenses

The global contact lens market gathers momentum from visual impairment issues like myopia, glaucoma, astigmatism, presbyopia, and hypermetropia. In addition, contact lenses do away with the need to deal with heavy glasses thereby better aesthetics appeal of a person. Flurry of activities in the research and development to produce better contact lenses are further encouraging growth of the market. Various types of materials are being used for the making of contact lenses with multiple uses.

According to the data from a survey conducted by Johnson & Johnson, nearly every seven out of ten people in North America is faced with difficulty while driving and almost 55% of people complain about stressed eyes after facing harsh lights. Almost half of these people worry about squinting and almost 56% of Americans wish that they could adjust their eyes to various light conditions more quickly. However, new contact lenses that are produced today are designed to cater to the varying needs of individuals. These factors are likely to propel the growth of the global contact lens market over the forecast tenure, from 2018 to 2026.

On the other hand, a many of the users are faced with eye infections due to contact lenses. Despite such infections result due to poor maintenance of contact lenses, it is going to impede the growth of the global contact lens market over the assessment tenure.

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Despite the presence of relatively small number of regional players and a handful of global players, the global teleradiology market is markedly fragmented, notes Transparency Market Research (TMR). Several regional players boast of sizeable shares in their respective regions, the status quo is constantly threatened by numerous large players based in developed markets, notably from Europe and North America. In order to retain their shares in the overall market, these regional companies constantly need to bolster their product portfolio and geographic reach. On the other hand, globally prominent players are capitalizing on their brand value and the strength of innovative offerings to gain a competitive edge over their rivals. 

TMR observes that the players with international presence may leverage the synergies of long-term contracts they are entering with various service providers. They are also expected to explore new revenue streams by collaborating with community hospitals and acquiring small regional vendors in emerging markets, especially present in far-flung areas. 

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names of vRad, Inc., USA Radiology Management Solutions, and Radiology Reporting Online.

The global teleradiology market stood at US$ 1.35 Bn in 2014. Expanding at a robust CAGR of 11.3% from 2015 to 2023, the opportunities in the global market is projected to reach a worth of US$3.63 Bn by the end of 2023.

Among the various regions, Asia Pacific is anticipated to be one of the most promising markets rising at potentially attractive CAGR of 12.1% during 2015–2023. The extensive regional demand is attributed mainly to rapid advancements in the healthcare sector across its key economies. 

The various modalities used in teleradiology are ultrasound, X-Ray, computed tomography (CT), nuclear imaging, and magnetic resonance imaging. Of these, the demand for CT procedures is expected to be lucrative throughout the assessment timeline.

Demand Fueled by Rapid Advances in Telecommunication Technologies

The substantial drive that teleradiology has witnessed over the past few years stems from the need for meeting the burgeoning demand for radiology services in various parts of the world. The growth of the teleradiology market is increasingly fueled by the rapid advances being made in the internet and communication technologies (ICT) used in the healthcare industries. The attractive strides being made by healthcare IT in developing and developed countries is propelling the growth of the market.

The rising need for transmission of radiological images using a range of digital technologies supported by telecommunication in medical emergencies is bolstering the demand for teleradiology. Recent advancements in web technologies in healthcare systems, notably wireless image transmission systems, have boosted the market.

The demand for teleradiology services in rural areas in several emerging economies is also vast. This is attributed to the lack of adequate radiological systems and the paucity of trained personnel in remote areas of these regions. The paucity of specialty expertise in urban centers in numerous emerging economies is also fostering the demand for teleradiology.

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High Cost of Setting Teleradiology Infrastructures may Retard Growth

The global teleradiology market is witnessing lucrative prospects from advancements being made in various digital image processing methods in developing regions. However, the growth is notably beset by the high cost of setting up infrastructures for teleradiology, given the lack of funds in emerging economies in several parts of the world. Add to this, the glaring lack of a reliable internet connection or poor state of broadband connections in rural areas is a significant deterrent to the steady expansion in the global market. The presence of subspecialty expertise in various imaging centers is further retarding the uptake of teleradiology in these regions.

Nevertheless, the rising demand for radiology outsourcing, coupled with the substantially increasing disposable incomes of urban populations, in various parts of the world is expected to fuel the expansion of the market over the next five years. Favorable governmental healthcare policies for setting up teleradiology systems in numerous emerging economies also augur well for the overall market.

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Optogenetics is a technique to control well defined cell events in living tissues. In optogenetics, cells are controlled with the combination of genetics and optics. For this, the cells are first genetically engineered and modified by expressing a light sensitive opsin, such as, G protein-coupled receptor, pump, or ion channel.

Light of correct frequency is illuminated on genetically engineered cells to make them undergo conformational changes, such as, silencing or neural activation, hyperpolarization or cell depolarization, or pump activation or channel opening. Optogenetics has great scope and is being widely used in the field of neuroscience. Neural dysfunction, which causes Parkinson’s disease, mood disorders, anxiety, depression, addiction, cardiac disorders, memory disorders, and others can be altered and cured by optogenetics.

Report Overview @ https://www.transparencymarketresearch.com/optogenetics-market.html

According to the Parkinson’s Foundation, around 60,000 people are diagnosed with Parkinson’s disease every year in the U.S. and more than 10 million people are suffering from the disease worldwide. According to the World Health Organization, more than 300 million people are suffering from depression globally. Depression is a major cause of disabilities and suicides, leading to around 800,000 suicidal cases all over the world.

As per the Mental Health Foundation in the U.K., in 2014, around 19.7% people over the age of 14 years suffered from depression, which was around 15% higher than it was in 2013. The organization also estimated that in 2013, there were around 8.2 million cases of anxiety in the U.K. According to the American Addiction Centers, in 2014, around 7 million people in America suffered from drug use disorder and 8 million adults suffered from mental health disorders due to addiction.

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Increasing prevalence of Parkinson’s disease and other neurological dysfunctions worldwide is driving the optogenetics market. Other factors fuelling the market growth are increasing government support, technological advancements, and rise in the number of people suffering from anxiety, depression, mood disorders, and addiction globally. According to a report published in the National Center for Biotechnology Information (NCBI), in 2014, around 240 million people in the world suffered from alcohol addiction disorders.

Apart from this, around 22.5% adults were addicted to tobacco smoking and 3.5% to cannabis smoking. In an attempt to reduce the percentage of disability caused by addiction behavior, anxiety, and depression, government is supporting the use of advanced technologies, such as, optogenetics for treatment of these disorders, which is boosting the growth of the optogenetics market. However, high cost of optogenetics is restraining the market growth in developing as well as underdeveloped countries.

Further, several studies suggest that the blue light used in the optogenetics experiment alters gene expression in microglia, which are the immune cells of brain. This is also anticipated to hamper the growth of the optogenetics market during the forecast period. Moreover, lack of awareness regarding neurological disorders and limited technological growth in developing countries are likely to restrain the growth of the optogenetics market growth.

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The global optogenetics market can be segmented based on product type and application. On the basis of product type, the market can be further divided into actuators, sensors, and light instruments. Actuators can be classified into halorhodopsin, archaerhodopsin, and channelrhodopsin. Sensors can be categorized into GCaMP, cameleon, chloride (clomeleon), membrane gated (mermaid), and aequorin. Light instruments can be bifurcated into lasers and LEDs. Based on application, the optogenetics market can be segmented into retinal disease treatment, neuroscience, cardiovascular ailments, and pacing and hearing problem treatment.

In terms of region, the global optogenetics market can be segmented into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. North America accounts for the largest share of the global optogenetics market owing to increasing prevalence of neurological disorders, such as, Parkinson’s disease and epilepsy in the region. Other factors fuelling the growth of the optogenetics market in North America are favorable government policies regarding treatment technique, rise in awareness regarding optogenetics treatment, and technological advancements.

Europe accounts for a major share of the global optogenetics market due to growth in cases of disabilities and mental health disorders associated with addictive behavior in the region. Furthermore, rise in the number of cases of depression and anxiety due to stress is boosting the growth of the optogenetics market in the region. Asia Pacific is a rapidly growing market for optogenetics owing to rising incidences of memory and cardiac disorders in the region. Technological advancements in optogenetics aiming to reduce the cost of treatment is supporting the market growth in developing regions, such as, Asia Pacific and Middle East & Africa.

Coherent Inc., Scientifica, A Judges Scientific plc Company, Thorlabs Inc., Laserglow technologies, Thomas RECORDING GmbH, Brukerm, and Gensight Biologic are some of the prominent players operating in the global optogenetics market.

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Transparency Market Research (TMR) has published a new report on the neurostimulation devices market for the forecast period of 2019 – 2027. According to the report, the global neurostimulation devices market was valued at ~US$ 6.2 Bn in 2018, and is projected to expand at a high CAGR during the forecast period.

Global Neurostimulation Devices Market: Key insights

Neurostimulation includes implantable and non-implantable, programmable medical devices that apply electromagnetic energy to specific anatomical targets to induce neuromodulation of the corresponding neural circuit. Neurostimulation devices deliver electrical stimulation to specific parts of a patient’s brain, spinal cord, or peripheral nervous system to help treat conditions such as chronic pain, movement disorders, epilepsy, and Parkinson’s disease. Rise in the prevalence of nervous disorders is expected to fuel the growth of the global neurostimulation devices market. According to the National Institute of Environmental Health Sciences, Alzheimer’s and Parkinson’s are the common types of neurodegenerative diseases. Rise in the prevalence of these diseases, increase in geriatric population, focus on research & development, and strong pipeline products are anticipated to contribute to the growth of the global neurostimulation devices market.

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Growth of the global neurostimulation devices market can also be attributed to rise in the prevalence of neurological disorders and chronic pain across the world, technological advancements & new product developments, and rapid increase in the geriatric population. Moreover, significant unmet needs in various neurological disorders such as Parkinson’s disease, epilepsy, and major depressive disorders are likely to fuel the growth of the global neurostimulation devices market during the forecast period.

North America dominated the global neurostimulation devices market in 2018, and the trend is projected to continue during the forecast period. This can be ascribed to the presence of key players, increase in incidence of chronic pain, favorable reimbursement policies, and launch of new products. However, adverse side effects associated with the use of neurostimulation devices and high cost of treatment are expected to restrain the global market during the forecast period.

Technological Advancements and New Product Development to Propel Market

Rise in the demand for neurostimulation devices owing to unmet medical needs and demand for improved product outcomes and efficiency have led to the development of innovative products and technologies to address the unmet needs of patients as well as surgeons. In order to provide improved and alternative solutions to unmet medical needs in neurological disorders, companies have developed novel technologies and devices to improve the overall quality of life of affected patient population.

For instance, in May 2019, Nevro Corp. launched the Senza Omnia Spinal Cord Stimulation (SCS) System in the U.S. Omnia is the first and the only spinal cord stimulation system designed to deliver its proprietary HF10 therapy along with all other available spinal cord stimulator frequencies. In January 2017, Abbott Laboratories launched the new Proclaim DRG neurostimulation system in Europe. The Proclaim DRG neurostimulation system is designed to deliver dorsal root ganglion (DRG) stimulation for patients suffering from chronic neuropathic pain. Abbott is the first and only company that offers DRG therapy and targeted relief for certain types of chronic pain.

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Spinal Cord Stimulators to Lead Global Market

Spinal cord stimulators is projected to be the leading segment in the global neurostimulation devices market during the forecast period. In terms of volume, the spinal cord stimulators segment stood at 165,583 units in 2018. Dominance of the segment is attributed to the high prevalence of chronic pain due to various medical conditions across the globe. SCS are primarily intended for relieving chronic pain in long-term medical care. Large unmet medical needs with current therapeutic drugs and favorable medical reimbursement for implantable spinal cord stimulators have led to the increased adoption of spinal cord stimulators in developed countries.

Movement Disorders Application to Grow at Rapid Pace

The chronic pain segment dominated the global neurostimulation devices market in 2018, and the trend is likely to continue during the forecast period. The movement disorders segment is projected to expand at the highest CAGR of ~11% from 2019 to 2027. Growth of the segment is attributed to high the prevalence and large unmet needs in various neurological disorders, specifically Parkinson’s disease and dystonia.

Hospitals End User to Lead Global Market

The hospitals segment held the largest market share in 2018, and the trend is anticipated to continue during the forecast period. Majority of implant procedures are performed at hospitals, as they involve surgical procedures and patient monitoring. This is attributed to the dominant share of the hospitals segment in 2018. The ambulatory surgical procedures segment is expected to expand at the highest CAGR from 2019 to 2027.

Global Neurostimulation Devices Market: Prominent Regions

North America accounted for a major share of the global neurostimulation devices market in 2018. This can be attributed to new product development, high prevalence of movement disorders & chronic pain among people, and the presence of key players in the region. The neurostimulation devices market in Asia Pacific is projected to expand at the highest CAGR during the forecast period, owing to large number of patients with neurological disorders in India, China, Australia, and New Zealand, rise in per capita healthcare expenditure, and increase in access to healthcare. The neurostimulation devices markets in Latin America and Middle East & Africa are anticipated to grow at a moderate pace during the forecast period.

Innovative Product Launches and M&A by Key Players to Augment Market

The global neurostimulation devices market is consolidated in terms of number of players. A small number of players account for a majority share of the global market. Key players operating in the global neurostimulation devices market include Boston Scientific Corporation, Medtronic plc, Abbott Laboratories, Nevro Corp., LivaNova plc, Axonics Modulation Technologies, Inc., Neuropace, Inc., EndoStim, Inc., NDI Medical, Cochlear Limited, and Neuronetics, Inc. These players have adopted various strategies such as product portfolio expansion, investment in research & development, development of novel neurostimulation devices, and mergers & acquisitions to establish a strong distribution network. For instance, in November 2018, Boston Scientific Corporation launched two products: Vercise Primary Cell and Vercise Gevia Deep Brain Stimulation Systems with directional leads. These systems are aimed to help physicians to control the range, shape, position, and direction of electrical stimulations that are given to treat patients with Parkinson’s disease.

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The magnetic resonance imaging market has conventionally risen on the back of an advanced imaging technique, which has boosted adoption of the high-cost hardware, and software imaging. In turn, the advancement in the MRI imaging market continues to pave way for unimaginable possibilities in detection of several anomalies in critical organs like brain. Moreover, the prospect of the market remained limited earlier as CT imaging continued to be more cost-effective, and effective for applications like lung imaging. However, new products like Toshiba’s new Ultrashort Echo Time (UTE) enables clinicians to view high susceptibility regions, where conventionally the MR imaging signal used to disappear. Advanced products like this, and GE Healthcare’s MAGiC, promise lower turnaround times for MRI imaging, which is critical in care for chronic diseases, and rising elderly population.

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The advancements in MRI imaging aren’t limited to a few players either. Some other key players in the magnetic resonance imaging market are Koninklijke Philips N.V., AllTech Medical Systems, Esaote SpA, Hitachi, Ltd., Siemens Healthcare GmbH.  The main players in the market are investing in more research and development as the Unique Selling Point of MRI imaging continues to remain its technological superiority over conventional techniques. The FDA also approved two Siemens MRI applications, one of which makes way for simultaneous imaging, while the other reduces 2D imaging acquisition times by a multiple of 8 as per the official company sources.

Brain Imaging Continues to Remain Important

It is estimated that brain imaging accounts for 1 out of every 4 scans that take place. Additionally, the conventional delays in MRI imaging are expected to go away in the near future, thanks to new product launches. Technologies like GOBrain, promise to significantly reduce time taken for scans. Additionally, rising fatalities due to accidents, and chronic diseases like Alzheimer’s, and HIV are expected to result in over 45 million potential cases for brain scans worldwide. Moreover, the advancements in technologies promise to shorter the imaging process in line with clinical routine. The shorter scans and imaging times are essential for elderly patients, who can exhibit lower tolerance to treatments, and require urgent care on a consistent basis.

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Neurological Illnesses to Promise a New Arena for Growth in the MRI Market

According to a recently published in Public Health journal, the deaths from neurological diseases is on the rise in developed countries. The rise is notable with a 10% increase in fatalities among men for neurological disease in seven countries. These countries include UK, Australia, Canada, Spain, Germany, Italy, US, and the UK. A wide variety of neurological illnesses mainly Epilepsy, Dementia, Multiple Sclerosis, Headache disorders, and Neuroinfections require advanced brain imaging techniques like MRI for effective treatment. The recent advancements in diagnostics, and growing surge of neurological disorders like Alzheimer’s, and reimbursement mechanisms for growth will promise new opportunities for players in the magnetic resonance imaging market.

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