Developing Mexican ophthalmic devices market holds promise

The global ophthalmology devices market is estimated to expand steadily with the increasing geriatric population, who are highly susceptible to eye disorders. North America dominates the global ophthalmology market, followed by Europe. Mexico is one of the potential markets in North America. A rise in medical tourism in Mexico has added to the healthcare demand in the country. The window of opportunity has been created by the strong demand for these devices among the population. Manufacturers in Mexico have continuously worked on formulating new and relevant strategies to achieve their margins higher. The few regulatory norms have significantly stimulated the ophthalmic devices market in Mexico. The government of Mexico is providing opportunities for new entrants and international players such as Astellas, Daiichi Ranbaxy and Takeda to set up their enterprise in the country. The segments of the ophthalmic devices market include cataract surgery devices, glaucoma surgery devices, vitreo retinal surgery devices, ophthalmic diagnosis equipment, refractive surgery devices, and vision care.