Market Analysis - Eye 2019
The eye care industry will be principally concerned for the protection of visual wellbeing what’s more revision from claiming eye issues that might diminish dream ability. Inside the eye consideration business need aid professionals that need a doctoral degree on optometry or ophthalmology. Eye consideration establishments are predominantly captivated previously, giving work to eye examinations will recognize those sharpness for dream or other visual complications, furthermore should giving work to prescriptions for glasses and lenses, and additionally retailing these items. Doctors inside the visual field might act privately, done bunch practices, alternately through an office.
Clinched alongside eye mind there are a few specialties: optometrists, opticians, what’s more ophthalmologists. Optometrist execute all eye exams, which frequently prompts prescriptions for glasses or contacts, Furthermore might additionally go to a portion essential eye states. Opticians normally fabricate Also retail restorative lenses over an assortment from claiming areas built upon the prescription composed by an optometrist alternately ophthalmologist. General eye consideration will be the forte about an ophthalmologist. Laser surgery will be also on the Ascent for the individuals who might manage it, also frequently might kill those requirement glasses or contacts.
In the eye forethought industry, interest may be influenced toward evolving medicinal services practices, mold patterns to eye wear, and demographics. Those benefits from claiming an optometrist act fluctuate contingent upon factors for example, such that if alternately not it offers eye wear What's more with giving works to eye examinations.
VISION INDUSTRY OVERVIEW:
Vision Speaks to A $36 billion business comprised of administrations ($15 billion) Furthermore deal from claiming restorative eye glasses Also lenses (21 billion) for enduring relied upon Growth. Industry members incorporate free opticians, optometrists, ophthalmologists, corporate providers/mass merchandisers and glasses/contact lens Makers and distributers. Dream forethought suppliers contend In view of administration quality, tolerant loyalty, proficient training, and personalization from claiming administration restorative gadget retailers contend In view of location, merchandising, price, medicine technologies/products, Further more capability to establishment operations vast majority of vision service providers also sell corrective devices; highly fragmented independent provider landscape.
VISION CARE OVERVIEW: PRIMARY EYE CARE
Individual eye forethought suppliers control An huge bit of the tolerant populace. Eye care services include exams, treatment for dry eye, glaucoma, cataracts, diabetes, and macular degeneration. Differentiated patient relationships, service quality, earlier technology adoption, and clinical/product knowledge enable strong independent market share position. Independents perform 68% of all patient eye care service with share remaining stable and increasing slightly over the past 5 years vs. chains despite lower service share, chains capture 46% of all primary eye care revenue driven by higher sales of eyeglasses / contact lenses Growth On eye consideration experts determined Eventually Tom's perusing unfaltering build Previously, ODs, with amount for ophthalmologists relied upon with remain stable..
VISION CARE OVERVIEW: OPTOMETRISTS
Optometrists capture $14 billion of annual vision service and product spending. Optometrists offer services through private practices, chain/mass merchandisers, and government organizations. ODs are licensed practitioners who have obtained Doctor of Optometry degree (DO) from an accredited optometry school (Four year a while project post undergrad level) and passed both a written and clinical state board examination Independent optometrists are differentiated by strength in eye exams and medical eye care through personalization of care, patient loyalty, and clinical care Expanding extent about what's to come for U. Encountered with urban decay because of deindustrialization, engineering imagined, government lodgin. Number will depend ahead ODs for refractive and therapeutic eye forethought administrations. Perform 88million refractive eye exams annually, speaking to 85% about every one far reaching eye exams number of working on optometrists anticipated with develop 2% yearly through 2020 to 46,300 should help climbing interest amount to ophthalmologists/primary personality medicinal professionals won't keep pace with a development. Medical service offering includes treatment of ocular diseases from diabetes, ocular infection, dry eye, ocular allergies, and glaucoma 80-85% of optometrists have some level of involvement with medical eye care, representing 17% of optometrist total revenue. Push for new legislation to allow ODs to perform vision correction surgery within licensed service portfolio would grow their share of the market.
OVERVIEW ON VISION CARE: OPHTHALMOLOGISTS
Ophthalmologists capture 12 billion of vision service and product spending annually. Ophthalmologists are trained MDs specializing in vision care; key difference areas from optometrists include: Education requirements – 8 + years of medical training plus optional additional “vision specialty” area training Licensed procedures scope – can diagnose and treat full spectrum of eye diseases and perform eye surgery Refractive surgery/LASIK – licensed to perform vision correction surgery in all states Higher average revenue per patient visit – provide premium, specialized services (i.e. $600-$2,000 per cataract surgery) Stable number of practicing ophthalmologists Needed through 2020 won't keep pace with underlying request. Probable to drive higher creation for every facility setting off ahead Similarly as interest to restorative / surgical eye mind grows with maturing number Facilitates od act extension development What's more od new entrants Also backs climbing interest for ophthalmologists.
MARKET TRENDS: AGING POPULATION & INCREASING PREVALENCE OF CHRONIC DISEASE
The aging population and increasing prevalence of chronic diseases resulting from unhealthy lifestyle will continue to drive growth in therapeutic eye care services.75% of adults use some form of vision correction. The aging of the baby boomers generation will result in accelerating demand for medical eye care services. Over 65 age group will grow 36.2% from 40.2 million in 2010 to 54.8 million in 2020 People over the age of 55 will be the fastest growing population segment through 2020. The four leading eye diseases affecting Americans are related to age and/or lifestyle. Cataracts, macular degeneration, and glaucoma occur at a rate of 17.2%, 7.6%, and 1.9%, respectively, in populations over 40 Obesity directly linked to diabetic retinopathy; 50% of U.S. adult population expected to be obese by 2030 up from 36% currently.
KEY MARKET TRENDS: GROWING COVERAGE FOR VISION CARE
Recent healthcare initiatives have expanded pool of insured and coverage for eye care. New federal healthcare programs are expected to expand the number of people with vision benefits. Insurance coverage reduces the out-of-pocket costs for patients, increasing demand/ability to pay for vision services. The ACA defined pediatric eye care as an essential benefit which will increase access to optometric care (children currently 19% of OD end market) Vision benefits offered under Medicare include cataract surgery, corrective eyewear following cataract surgery, glaucoma screening, and ocular prostheses. By 2020, the number of Medicare beneficiaries will increase by 10 million Harkin Amendment aims to expand patient access and eliminate health plan discrimination against optometry and other forms of medical care. Eye exams now included as medical healthcare, requiring coverage in all health plans in new state and federal insurance exchanges.
OVERVIEW ON INDUSTRY
The vision care industry is comprised of a select set of national and regional chains and a large number of independent providers. Two-thirds of practicing optometrists are in private practices. Currently little to no consolidation within ophthalmology on regional or national basis 33,500 companies in the industry today; 39% are sole proprietorships.
The audit of the Google Analytics traffic of “World Congress on Eye and Vision” clearly characterize the interests of the global anxious conference participants like Ophthalmologists, Optometrist, Orthoptist, Vision therapist, Assets of Ophthalmology, Popular Researchers and Scholars, Eye Surgeons, Vision Research Labs Members, Ophthalmology Associates and Societies, Ocularist, Visual Physiologists, ophthalmic assistants, ophthalmic technicians, Biomaterials Researchers, Blind Community, Medical Device Representatives, Pharmacists, Professors, Nurses, Students along with Industries, Organizations and other key stake holders from Ophthalmology field who are exploring to attend, present and exhibit their research findings on highly acknowledged international conferences like ours with the web traffic a total of 75,805 visits The analysed report reflects that the total page viewers were 148,698 in a year.
Ophthalmology 2018 Google Analytics Metrics: A Glimpse
- According to the Google Analytics more than 75,000 visitors clicked the website link to attend and to submit proposals for the attendance
- It is reported that the highest number of Visitors were from the both developed and developing nations
- Researchers for the under developing nations, our conference website is barometer to quantify their research proposal submitted.
- Majority of the visitors have come from countries/territories like United Kingdom, United Arab Emirates, United States of America, Brazil, Poland, South Africa, Spain, Switzerland, Turkey and Ukraine Canada, Mexico, Australia, China, India, Hong Kong, Indonesia, Japan, Malaysia, Thailand, New Zealand, Philippines, Singapore, Taiwan, Thailand, South Korea, Austria, Denmark, Finland, France, Germany, Italy, Netherlands, Norway.
- Highest number of Visitors reporting both from the developed and developing nations.
- Penetrating the study of visitor, navigation, and traffic patterns to determine the success of our conference website majority amount of traffic we receive from cities like Austin, Boston, Chicago, Dallas, Denver, Houston, Los Angeles, Nashville, New York, Philadelphia, Phoenix, San Antonio, San Diego, Seattle, Washington, Toronto, Montreal, Vancouver, Berlin, Barcelona, Paris, Edinburgh, London, Rome, Valencia, Zurich, Copenhagen, Athens, Moscow, Vienna, Sydney, Melbourne, Beijing, Hyderabad, Tokyo, Singapore, Seoul, Auckland, Middle East, Cairo, Dubai, Riyadh, Istanbul.
- Average Time spent by each visitor on conference official website is approximately 1.57 minutes.
The Traffic Sources mention that the number of Unique Visitors of the website listing from research institutions, renowned universities, and organizations.
Reasons behind listing Ophthalmologist 2018 on top of search engines: (Source: Google)
- Researchers display interest only to the conferences where their abstracts and profiles get highest visibility and readership.
- The most available way for scientists to increase their research profiles is through their contributions with a conference presentation at our conference.
- It is a good platform for the students to communicate with the distinguished scientists and the students can explore their research ideas.
- The main point is that our Conference provides a great platform to network and meet other researchers in their field and establish probable contacts for future positions.
- Attending and presenting at our conference would contribute to learn about the most recent advances in their field.
- Get a space to publish full paper in our international journals with high impact factors on Special issues.
Apart from all these factors we also create one individual speaker page where their accepted abstracts are updated on daily basis for promoting their web presence in all the search engine listings and Social Networking Channels.