Ophthalmic Devices Market - Trends, Size, Share and Analysis to 2020

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Ophthalmic Devices Market - Market is witnessing significant growth

2020

Persistence Market Research

Ophthalmic Devices Market expected to

grow at a CAGR of 6.5% from 2014 to 2020 Persistence Market Research

Persistence Market Research

1

Ophthalmic Devices Market - Market is witnessing significant growth

2020

Persistence Market Research Released New Market Report “Global Market Study on

Ophthalmic Devices: Asia to Witness Highest Growth by 2020,” the global ophthalmic

devices market was valued at USD 29,171.5 million in 2014 and is expected to grow at a

CAGR of 6.5% from 2014 to 2020, to reach an estimated value of USD 42,685.1 million in

2020.

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Globally, the ophthalmic devices market is witnessing significant growth due to increasing prevalence of

eye disorders, such as diabetic retinopathy and macular degeneration. In addition, growing global aging

population, increasing government initiatives towards healthcare infrastructure in developing countries,

and increasing incidence of lifestyle-associated diseases are also driving the growth of the market.

However, lack of awareness among people about eye disorders, poor primary healthcare infrastructure,

and lack of insurance in developing countries hamper growth of the global ophthalmic devices market. In

addition, eye diseases in children are also increasing due to the general lack of awareness.

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The global ophthalmic devices market is anticipated to grow from an estimated USD 29,171.5 million in

2014 to USD 42,685.1 million in 2020 at a CAGR of 6.5% during the forecast period.

North America is the largest market for global ophthalmic devices. Vision care devices are the most used

type of ophthalmic devices, spectacles lenses are the most used type of vision care ophthalmic device

and cataract surgery devices are the most popular type of ophthalmic...