Market Forecast By Product (Optical Coherence Tomography Scanners, Fundus Cameras, Perimeters/Visual Field Analyzers, Autorefractors and Keratometers, Ophthalmic Ultrasound Imaging Systems, Ophthalmic Pachymeters, Tonometers, Slit Lamps), By Application (Cataract, Vitreo retinal disorders, Glaucoma, Refractor Disorders), By End-use (Hospitals and Eye Clinics, Academic and Research Laboratory, Others) And Competitive Landscape
Product Code: ETC367878 | Publication Date: Mar 2023 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Romania Ophthalmic Devices Market is projected to experience enormous growth over the forecast period owing to the nation’s spending on ophthalmic items. The country is one of the fastest-growing countries and the demand for medical devices is rising more in it.
According to 6Wresearch, the Romania Ophthalmic Devices Market size is anticipated to grow at a higher growth rate during 2023-2029. The industry has been experiencing growth and it is ready to experience more growth in the coming years. The sector is one of the essential parts of the country due to the essential role it has to play. The rising demand for medical devices, rising number of physicians and patients, and existence of initiatives taken by the country’s government are some crucial factors stimulating the Romania Ophthalmic Devices Market Growth.
The future of this industry in the country looks very promising with more players entering in the sector as opportunities are arising in the sector. This sector is one of the pivotal parts of the Europe Ophthalmic Devices Market. The competition in the sector is rising with the rising opportunities for growth. Many key players exist in the sector and more are planning to enter since they can get exponential growth in this fastest-growing market.
Shortage of quality products and affordability, and lack of awareness are the challenges hampering the sector growth in the country. The market is estimated to overcome these challenges in the future since the future of the sector looks bright.
Coronavirus pandemic was the hardest time industries across the world had to face. A number of sectors had to face challenges since businesses were forced to shutdown for a short span of time. Many sectors confronted challenges and the Romania Ophthalmic Devices Market Share decreased during the pandemic as this sector was not an exception. The pandemic had major impact on the healthcare system worldwide as numerous clinics and hospitals confronting challenges. The pandemic resulted in decreased demand for ophthalmic devices in the country.
The coronavirus led to disruptions in supply chain which affected the availability of the ophthalmic devices in the country. A number of ophthalmic devices are imported as well the pandemic disrupted the international trade of such products led to rise in price.
In addition, the pandemic forced a number of clinics to implement social distancing and impose limit in the number of patients visit clinics which led to reduction in the number of surgeries.
However, there was a rising focus on remote consultation and telemedicine during the pandemic, which gave rise to the demand for ophthalmic devices.
In terms of product, the Ophthalmic Devices Market in Romania is fragmented into Optical Coherence Tomography Scanners, Fundus Cameras, Perimeters/Visual Field Analyzers, Autorefractors And Keratometers, Ophthalmic Ultrasound Imaging Systems, Ophthalmic Pachymeters, Tonometers, and Slit Lamps. Among these, the optical coherence tomography scanners segment dominated the sector and is projected to dominate it in the future.
In terms of application, the sector is fragmented into Cataract, Vitreo Retinal Disorders, Glaucoma, and Refractor Disorders. The cataract segment dominate the industry and this segment is likely to dominate it in the coming years.
In terms of end-use, the Romania Ophthalmic Devices Industry is fragmented into Hospitals And Eye Clinics, Academic And Research Laboratory, and Others. The hospital and eye clinics segment accounted for the largest market share and likely to register largest market in the future.
The report offers a comprehensive study of the subsequent market segments:
1. Is the Romania Ophthalmic Devices Market projected to grow?
The Romania Ophthalmic Devices Market is projected to experience enormous growth over the forecast period owing to the nation’s spending on ophthalmic items.
2. Which factors are responsible for the market growth?
The rising demand for medical devices, rising number of physicians and patients, and existence of initiatives taken by the country’s government are some crucial factors stimulating the Romania Ophthalmic Devices Market Growth.
3. Which end-use segment is projected to grow?
The hospital and eye clinics segment accounted for the largest market share and likely to register largest market in the future.
4. Are there any challenges facing the market?
Shortage of quality products and affordability, and lack of awareness are the challenges hampering the sector growth in the country.