Ophthalmic market on rise

India is one of the fastest growing economies in the world. However, around 30 per cent of the world’s blind people are the citizens of this country, about half of whom are blind from cataracts. Further, as the lifespans are increasing, there’s an alarming rise in the number of people suffering from glaucoma or retinal diseases. It calls for a tremendous focus on ophthalmic care.

Lately, growing awareness about ophthalmic disorders coupled with various technological advances in the field of ophthalmology are driving the markets for ophthalmic equipment in India. The ophthalmic market valued US$1.3 billion in 2017 is expected to grow at a compound annual growth rate (CAGR) of 6.8 per cent a year to $US1.8 billion by 2022, forecasts research agency Market Scope. The report estimated that cataract will remain the largest overall ophthalmic market in the country.

The dry eye disease is one of the most frequent ocular morbidities. Experts believe, there is an increase in demand for safe and non-invasive diagnosis of dry eye disease which is driving the product innovations in this front. This time, we present to you an analysis on ophthalmic equipment industry featuring some breakthrough solutions.

Globally, there are 360 million people having disability of hearing and in India
63 million persons suffer from hearing loss. Here, we talk about designing of small, effective and economical hearing aids that can be apt for the developing nations and also to the residents of rural and remote areas.

Some other interesting topics like healthcare lighting, hospital relocation and implants are featured prominently in this edition. Hope you’ll enjoy reading this issue as always.

The 24th edition of Medicall, one of the major medical equipment exhibitions in India, scheduled to be held in Mumbai between 13th and 15th December, is all set to bring in state-of-the-art healthcare technologies from across the globe. Medical Equipment & Automation, being the media partner for this event, will come up with a special issue on medical equipment sector. The issue will highlight the key market trends, technological innovations, product update etc. We invite you to be a part of this Medicall 2019 special issue.

For more information, please write to me at pravita@charypublications.in

Pravita Iyer