Advancements in healthcare infrastructure and the aging population are two major factors expected to benefit the global ophthalmology devices market.
Cleveland, Ohio - Transparency Market Research’s new report on the global ophthalmology devices market, “Ophthalmology Devices Market - Global Industry Analysis, Size, Share, Growth, And Forecast 2012 - 2018,” states that the global market is expected to expand at a 5.10% CAGR from 2012 to 2018. As per the report, the global ophthalmology devices market is expected to progress from $12.92 billion in 2011 to $18.28 billion by 2018. Advancements in healthcare infrastructure and the rising aging population are two of the major factors expected to benefit the global ophthalmology devices market in the near future.
Ophthalmology is the branch of medicine that deals with the physiology, anatomy, and diseases of the eye. Ophthalmology device manufacturers, distributors, medical companies, healthcare institutions, and research and development firms are currently taking efforts to introduce new medical devices to gain competitive advantage. Ophthalmology devices are primarily used for treating various eye conditions and infections. As these devices help decrease the treatment time and offer quality eye care to patients, they assist in making the eye-treatment process more convenient for patients and ophthalmologists.
The manufacturers of ophthalmology devices such as Essilor Int’l, Johnson and Johnson Vision Care, Hoya Corp., Abbott Medical Optics Inc., Nidek Co Ltd., Topcon Corp., Alcon Inc., Carl Zeiss AG, Canon Inc., CooperVision AG, and Bausch and Lomb Inc. are actively introducing new devices to treat various diseases of the eye. With the entry of new companies, the global ophthalmology devices market is expected to register new growth opportunities in the years to come.
With the increasing focus of people on healthcare, the global ophthalmology devices market is expected to witness rapid growth throughout the forecast period. Continuous developments in the field of medical devices and the rising spending on healthcare have propelled the global market for ophthalmology devices in the recent past. The global ophthalmology devices market is segmented on the basis of application, region, disorder, and device. By disorder, the global ophthalmology devices market is classified into cataract, refractor disorder, vitreoretinal disorder, and glaucoma.
Diagnosis, surgery, and vision care are the primary applications of ophthalmology devices. The rising application areas of ophthalmology devices are predicted to propel the global market in the near future. By region, the global ophthalmology devices market is divided into Europe, Latin America, North America, Asia Pacific, and Rest of the World. In 2011, the North America ophthalmology devices market accounted for one-third of the global market. Currently, Europe holds the second position in the global market, followed by Asia Pacific.
Based on device, the global ophthalmology devices market is classified into computerized field analyzers, contact lenses, contact lens clearing and disinfecting solutions, glaucoma drainage devices, intraocular lenses, iris retractors, ophthalmic lasers, ophthalmoscopes, optical coherence tomography devices, phoropters, refractors, and others. Medical devices in the ophthalmology field are used for numerous functions such as surgery, diagnosis, and vision care. Currently, in terms of shipment volume, the vision care devices segment dominates the global market with a share of 65%.
Located at 85 Northwest Pt. in Elk Grove Village, Illinois, construction of the new corporate headquarters is slated to be completed in December 2016.
Chicago, Illinois – MC Machinery Systems and its partners The Opus Group, Elk Grove Village, and Heitman Architects held an official groundbreaking ceremony on Thursday, June 30, 2016, at the construction site for the new corporate headquarters. The groundbreaking ceremony recognized individuals that were instrumental in planning the new facility. Attendees witnessed the current land clearing and preparation of the 11.7-acre lot (on which the facility will be constructed) and participated in a virtual reality experience simulating standing in the lobby of the future headquarters.
Located at 85 Northwest Pt. in Elk Grove Village, Illinois, construction of the new 175,000-square-foot corporate headquarters is slated to be completed in December 2016.
“When deciding on a location for our new facility, we knew we wanted to stay close to Chicago’s interstate 90 due to the numerous partners in the area as well as proximity to O’Hare International Airport,” says Pat Simon, marketing and corporate planning manager, MC Machinery. “But our main concern was our employees and choosing a location that would be close to our existing facility while providing them a new, state-of-art place to come to work to everyday. We are extremely proud of our long-tenured employees and want to preserve that.”
The new facility will include a variety of spaces specifically tailored to accommodate customer product demonstrations, research and development, machine refurbishment and a call center for customer support. In total, the building will feature 50,000 square feet of office space spread across two stories, 75,000 square feet of ancillary office and storage areas and a 50,000-square-foot showroom to showcase MC Machinery’s equipment.
Opus Design Build, L.L.C. is the design-builder, Opus AE Group, L.L.C. is the structural engineer of record and Heitman Architects is the architect of record and the design architect that used its unique DB3 design-build approach for this project.
“We are pleased to work with MC Machinery Systems on its new headquarters,” says Jim Caesar, regional vice president, Opus Design Build. “We are seeing a high demand for this type of facility right now – a flex/multi use office – and we think it’s the perfect structure for MC Machinery’s expanded capabilities and facility needs.”
MC Machinery will stay in its nearby Wood Dale facility until construction is complete.
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Chicago, Illinois - The materials landscape is ever changing. There is a constant pursuit to reduce weight, increase safety, achieve high temperature performance and improve fuel economy. This has driven the development of complicated and difficult-to-machine materials, including ceramics, composites, advanced superalloys, burn-resistant titanium alloys and powder metallurgical alloys. Today’s manufacturers are challenged with machining them with a level of cost effectiveness that makes their use viable.
This presentation will provide a brief overview of some of the newest materials today’s manufacturers may encounter. It will detail the latest developments related to effective machining of them, including discussion of laser-assisted machining, unique tool geometries, new tool coatings and processes such as trochoidal milling and dynamic milling.
Don is Manager of Education and Technical Services for Seco. In this role, he is responsible for all education activities in the North American market, new product testing and various other technical functions. Don has been with Seco for 37 years. He obtained his degrees in physics, applied physics and metallurgy from Michigan Technological University. He has authored over fifty technical papers in the areas of metal cutting, tool failure analysis, solid state physics, fatigue, fracture, stress corrosion cracking, and wear resistant coatings. He holds four patents.
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May 2016 manufacturing technology orders were valued at $277.74 million, compared to $339.50 million in May 2015.
McLean, Virginia – Manufacturing technology orders for May 2016 fell 18.2% compared to May 2015, according to the latest U.S. Manufacturing Technology Orders report from AMT – The Association For Manufacturing Technology. Through the first five months of 2016, orders are down 16.7% compared to the same point the prior year. However, as orders were down just 1.4% compared to April, this may indicate that the overall order decline is slowing.
“Overall we are seeing improved sentiment from manufacturing technology providers, as certain key industry sectors are indicating signs of growth – in particular agriculture, which has been stagnant for an extended period, and a resurgent aerospace industry,” said AMT President Douglas K. Woods. “The general economy looks healthier with an especially strong jobs report for June and improved consumer sentiment. With the latest PMI coming in at 53.2, we’re optimistic that the elements are coming together for recovery in manufacturing and the manufacturing technology market over the next several months.”
Concerns around Britain’s vote to exit the European Union and its potential impact on U.S. manufacturing also appear to be easing, as industry forecasters predict only a mild effect for the manufacturing technology market. Some economists predict it could even encourage foreign direct investment into the United States as companies look to do business in places other than the United Kingdom.
May 2016 manufacturing technology orders were valued at $277.74 million, compared to $339.50 million in May 2015. Year to date, total orders stand at $1,512.26 million, compared to $1,815.93 million at the same point a year ago. USMTO data is a reliable leading economic indicator as manufacturing companies invest in capital metalworking equipment to increase capacity and improve productivity.
USMTO in a nutshell – AMT Vice President – Strategic Analytics Pat McGibbon comments on USMTO numbers and the manufacturing technology market in the U.S.
Rick Schneider named chairman, will stay on board.
Rochester Hills, Michigan – FANUC America Corp. has named Mike Cicco president and CEO. Cicco will have responsibility for all of the company’s operations in North and South America. In addition, Rick Schneider has been named chairman of FANUC America and will continue in his role as a board member of parent company, FANUC Corp.
“I am excited and honored to take on this role, and I look forward to working with Rick and our talented senior leadership team to achieve our future growth objectives,” Cicco says.
Cicco joined FANUC in 1999 and has held a variety of management positions over the years including software/controls manager and district sales manager at the company’s Southern California facility. In 2005, Cicco transferred to FANUC’s headquarters in Rochester Hills, Michigan to take on the role of national account manager of the company’s Authorized System Integrator sales group.
As his career progressed, he was named general manager of several robot division groups including Material Handling Engineering, Authorized System Integrator sales, and Domestic Automotive/Michigan Regional sales. In 2015, Cicco was promoted to vice president of FANUC’s North and South American sales and execution. In April 2016, Cicco was named president and COO.
Before joining FANUC, Cicco served as lead automation engineer in Northrop Grumman’s Automation and Information Systems group.
Cicco holds a Bachelor of Science degree in Electrical Engineering from Bucknell University in Lewisburg, Pennsylvania.