Global Ophthalmic Devices Market is Estimated to Reach $29 Billion by 2025
Global Ophthalmic Devices Market report published by Accurize Market Research forecast that the global market is expected to reach $29 billion by 2025; growing at a CAGR of 6.2% from 2017 to 2025. By geography, Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
Rapid growth in the geriatric population and associated rise in the prevalence of eye ailments, technological advancements in ophthalmic devices and growing healthcare expenses to drive the growth of the market
Rapid growth in the geriatric population and associated rise in the prevalence of eye ailments, technological advancements in ophthalmic devices and growing healthcare expenses fuel the demand for the global ophthalmic devices market. Furthermore, increasing government initiatives to control visual deficiency, and increasing adoption of contact lenses and spectacles also boosts the growth of the market.
The global ophthalmic devices market has been bifurcated on the basis of technology, and geography. Technology segment is segmented into contact lenses market, cataract surgery market, other surgical devices market and ophthalmology diagnostic and imaging market.