Ophthalmic Devices Market - Size, Trend, Share, Analysis to 2020

Ophthalmic Devices Market - China and India are expected to be the

fastest growing markets in Asia-Pacific region (2020)

Persistence Market Research

Global Ophthalmic Devices Market will hit

$2,685.1 million in 2020 - Persistence Market

Research

Persistence Market Research

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Ophthalmic Devices Market - China and India are expected to be the

fastest growing markets in Asia-Pacific region (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.

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.

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Age-related eye diseases, such as glaucoma, cataract, diabetic retinopathy, and agerelated macular degeneration, are the leading causes of visual impairment and

blindness in North America....