Ophthalmic Devices - Mauritius

  • Mauritius
  • The Ophthalmic Devices market market in Mauritius is forecasted to achieve a revenue of US$8.39m in the year 2024.
  • It is anticipated that the market will experience an annual growth rate of 9.00% between 2024 and 2029, leading to a market volume of US$12.91m by 2029.
  • When compared to global figures, the United States is expected to generate the highest revenue in the Ophthalmic Devices market market, amounting to US$14,000.00m in 2024.
  • Mauritius is witnessing a surge in demand for advanced ophthalmic devices, driven by the increasing prevalence of eye diseases and the country's growing healthcare infrastructure.

Key regions: Germany, Italy, France, Japan, United Kingdom

 
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Analyst Opinion

The Ophthalmic Devices market in Mauritius is experiencing steady growth due to the increasing demand for advanced eye care solutions and the rising prevalence of eye disorders in the country.

Customer preferences:
Customers in Mauritius are increasingly seeking technologically advanced ophthalmic devices that offer accurate diagnosis and effective treatment options. There is a growing preference for devices such as optical coherence tomography (OCT) machines, phacoemulsification systems, and advanced contact lenses. Additionally, customers are also looking for products that are comfortable, durable, and provide good visual acuity.

Trends in the market:
One of the key trends in the Ophthalmic Devices market in Mauritius is the adoption of telemedicine and remote monitoring solutions. This trend has gained momentum due to the COVID-19 pandemic, which has limited physical access to healthcare facilities. Teleophthalmology allows patients to receive eye care services remotely, reducing the need for in-person visits and ensuring timely diagnosis and treatment. Another trend in the market is the increasing demand for refractive surgery procedures such as LASIK (laser-assisted in-situ keratomileusis). This is driven by the desire for improved vision without the need for glasses or contact lenses. The availability of advanced laser technology and skilled ophthalmologists in Mauritius has contributed to the growth of this segment.

Local special circumstances:
Mauritius has a high prevalence of eye disorders, including refractive errors, cataracts, and glaucoma. This can be attributed to factors such as an aging population, changing lifestyles, and genetic predisposition. The government and healthcare organizations in Mauritius have been actively promoting eye health awareness campaigns and providing access to affordable eye care services, which has further fueled the demand for ophthalmic devices.

Underlying macroeconomic factors:
The growing economy and increasing disposable income in Mauritius have played a significant role in the development of the Ophthalmic Devices market. As people have more purchasing power, they are willing to invest in advanced eye care solutions. Additionally, the government's focus on healthcare infrastructure development and the presence of well-established healthcare facilities have created a conducive environment for the growth of the market. In conclusion, the Ophthalmic Devices market in Mauritius is witnessing steady growth driven by customer preferences for technologically advanced devices, the adoption of telemedicine, and the increasing demand for refractive surgery procedures. The high prevalence of eye disorders, coupled with government initiatives and a favorable macroeconomic environment, are contributing factors to the market's development.

Methodology

Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on medical devices and IVD revenues allocated to the country where the money is spent at manufacturer price levels excluding VAT.

Modeling approach / Market size:

Modeling employs a top-down approach with a bottom-up validation, using financial information of the key players by market. Market sizes are determined by a top-down approach, based on a specific rationale for each market market and allocated to the covered countries according to the global market shares. As a basis for evaluating markets, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, healthcare system, and regulations concerning medical products. Next, we use further relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, healthcare payer system, and regulations concerning medical products. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

Overview

  • Revenue
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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