About this market
Increasing business strategies to drive market growth. Companies develop business strategies to increase their products. strengthen their market position. and expand their offices for direct and indirect sales. Such business strategies help them to increase their sales. which boosts market growth. analysts have predicted that the ophthalmic ultrasound devices market will register a CAGR of about 6% by 2023.
Market Overview
Increasing product launches
Product launches help companies in expanding their product range. penetrating different regions. and strengthening their market presence. Market competition results in the launch of improved products. The rise in the number of product launches is one of the main factors driving the growth of the global ophthalmic ultrasound devices market.
High costs associated with ophthalmic ultrasound devices
The high cost of ophthalmic ultrasound devices increases the cost burden for end-users. End-users such as hospitals, clinics, ambulatory surgical centers (ASCs), and physicians' offices that face budget constraints find it difficult to purchase these products. The high cost of ophthalmic ultrasound devices and the high cost of device installation restrict the demand for such devices.
For the detailed list of factors that will drive and challenge the growth of the ophthalmic ultrasound devices market during the 2019-2023, view our report.
Competitive Landscape
The market appears to be fragmented and with the presence of several companies including Quantel Medical and Sonomed Escalon the competitive environment is quite intense. Factors such as the increasing product launches and the growing need for automated welding process and advances in welding robots, will provide considerable growth opportunities to ophthalmic ultrasound devices manufactures. DGH Technology, Ellex Medical Lasers, NIDEK, Quantel Medical, and Sonomed Escalon are some of the major companies covered in this report.