DUBLIN--(BUSINESS WIRE)--The "Ophthalmology Devices Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024" report has been added to ResearchAndMarkets.com's offering.
The report predicts the global ophthalmology devices market to grow with a CAGR of 5.8% over the forecast period of 2018-2024.
The report on ophthalmology devices market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global ophthalmology devices market over the period of 2016 to 2024.
Chronic eye diseases are the main reason of vision loss. The increasing prevalence of eye diseases among the aged group is likely to boost the growth in the market. In 2017, WHO estimated that 253 million people live with vision impairment, 36 million are blind and 217 million have moderate to severe vision impairment.
Growing adoption of contact lenses and spectacles and change in lifestyle are some other factor that will propel the growth of the market in the coming years. On the other hand, the cost of ophthalmology devices are high and the use of refurbished ophthalmic devices is increased thus hampering the growth of the market. In addition, lack of awareness about various eyes disease among the people will restrain the growth of the market.
North America is expected to be the largest market for ophthalmology devices followed by Europe. There is an intense competition between North America and Europe region. The presence of developed healthcare infrastructures coupled with growing geriatric population and rising incidence of chronic eye conditions are likely to boost the growth in this region.
The Asia Pacific is expected to growth faster due to improvement in healthcare infrastructure, growing occurrence of eye disorders such as glaucoma, and rising awareness among patients
Key Topics Covered
2. Executive Summary
3. Global Ophthalmology Devices Market Overview
4. Global Ophthalmology Devices Market by Devices
5. Global Ophthalmology Devices Market by Application
6. Global Ophthalmology Devices Market by Region 2018-2024
7. Companies Covered
- Carl Zeiss Meditec AG
- Abbott Medical Optics, Inc.
- Bausch & Lomb, Inc.
- Alcon, Inc.
- Johnson & Johnson
- Essilor International S.A
- Nidek Co. Ltd.
- Topcon Corporation
For more information about this report visit https://www.researchandmarkets.com/research/kkp8dn/global?w=4