DUBLIN--(BUSINESS WIRE)--Research and Markets(http://www.researchandmarkets.com/research/93db6e/vision_care_device) has announced the addition of GlobalData's new report "Vision Care Devices - Global Pipeline Analysis, Competitive Landscape and Market Forecasts to 2017" to their offering.
The global vision care devices market is expected to grow at a Compound Annual Growth Rate (CAGR) of 4.4% over the period 2010 - 2017. The global vision care devices market had revenues of $34 billion in 2010, which will rise to $46 billion by 2017. The increasing target population due to high prevalence of eye disorders such as presbyopia, myopia and hyperopia will drive market growth. Incidences of presbyopia will increase due to the population aging. According to United Nations (UN) estimates, 90 countries will have a median age above 40 years by 2050, which is the age when presbyopia begins to affect people.
The Global Vision Care Devices Market to be Driven by the Increasing Target Population
The vision care devices market is driven by the increasing number of patients suffering from eye disorders. The most common conditions are myopia, hyperopia, astigmatism and presbyopia. Myopia is one of the most common eye disorders and affects about 1.6 billion people, while presbyopia is found in about one billion people globally. The prevalence of hyperopia increases in the elderly. Around 50% of people aged above 65 years in the US have hyperopic conditions.
Rising awareness about eye health in developing countries has led to an increase in the adoption of vision care devices. VISION 2020: The Right To Sight' is a joint program on a global level that is expected to boost awareness levels among general population, while increasing the demand for vision care devices.
- Essilor International Inc.
- Johnson & Johnson Vision Care, Inc.
- CIBA Vision Corporation
For more information visit http://www.researchandmarkets.com/research/93db6e/vision_care_device.