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Changing lifestyle trends and dietary patterns of people, coupled with a longer lifespan have given rise to a larger market for ophthalmological care and treatment. In view of these continuous changes, it is expected that the global market for ophthalmic devices will grow at a healthy rate, and reach a value of USD 28 billion by the end of 2016. The projected CAGR of this industry is around 2.5% between 2010 and 2016.


The market for ophthalmic devices comprises ophthalmic surgeries, eye-care products, consumer products such as eyeglasses and sunglasses, prescription drugs and other pharmaceutical products, and other products that are recommended for treating eye infections and diseases.


There are a variety of surgeries and procedures that rely on the use of high-precision ophthalmic devices. These include: refractive surgery, vitreoretinal surgery, devices for surgeries such as cataract, glaucoma, and the insertion of intraocular lenses.


According to estimates of the World Health Organization (WHO), nearly 285 million individuals suffer from problems pertaining to vision impairment. Of these, 65% people are over the age of 50 years. Among people afflicted by vision problems, an estimated 245 million people suffer from low vision. And, 39 million people are visually impaired or blind, of which over 80% are above the age of 50 years.


These figures also state that in the United States alone, over 50 million people will be affected with eye disease over the next decade, and that by 2040, nearly 1 billion will face ophthalmological problems such as blindness and impaired vision. These factors will prove to be growth propellers in the ophthalmic devices market. 


At the same time, growing developments in the areas of intraocular lenses and surgical lasers are poised to change the very dynamics of the ophthalmological industry.

Enterprises that are keen on keeping a close watch on the latest trends and developments in the ophthalmic devices industry have a lot to gain by investing in the right market research reports. ResearchMoz.us gives you access to high-quality market research reports pertaining to the ophthalmic devices market. We carry reports that are published by leading data firms and market research agencies worldwide. 


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