Press release
Global Market Study on Ophthalmic Devices: Revenues to Surpass US$ 42 Bn by 2020, North America to Remain Global Leader
According to a new market report published by Persistence Market Research "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.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.
Request For Free Sample Report of Ophthalmic Devices @ https://www.persistencemarketresearch.com/samples/3188
Some of the major players in the global ophthalmic devices market:
• Johnson & Johnson.
• Essilor International.
• Bausch & Lomb Incorporated.
• Novartis AG.
• HOYA CORPORATION.
• Abbott Laboratories, Inc.
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.
Age-related eye diseases, such as glaucoma, cataract, diabetic retinopathy, and age-related macular degeneration, are the leading causes of visual impairment and blindness in North America. According to the American Academy of Ophthalmology, approximately 22 million Americans aged 40 and above were affected by cataract and 2.3 million Americans were affected by glaucoma in 2011.
Buy The Complete Report to read the analysed strategies adopted by the top vendors either to retain or gain market share@ https://www.persistencemarketresearch.com/checkout/3188
In Europe, increasing prevalence of chronic eye diseases among the rising aging population is becoming a challenge for the European healthcare system. In France, the number of age-related macular degeneration cases was 0.3 million in 2000 and it is anticipated to increase by 0.5 million in 2020.
However, glaucoma, cataract, and diabetic retinopathy are the major causes of blindness in Asia. Cataract can be held responsible for 50% to 80% of all cases of blindness in Southeast Asia. The prevalence of age-related macular degeneration is also increasing in Asia due to increase in life expectancy and rising incidence of diabetes among the younger population. As per the Centre for Eye Research Australia, prevalence of diabetic retinopathy among people ranged between 17% and 22% in India and 43.1% in rural China in 2012.
The sub-segments of the diagnostic devices segment include optical coherence tomography scanners, fundus cameras, tonometers, ophthalmoscopes, retinoscope, pachymeter, wavefront aberrometers, corneal topographers, biometers, keratometers, visual field analyzers, specular microscopes, autorefractors, and ophthalmic ultrasound imaging systems.
By Type
• Vision care devices
• Surgery devices
• Diagnostic devices
By Vision Care Devices
• Contact lenses
• Spectacle lenses
By Surgery Devices
• Cataract surgery devices
• Glaucoma surgery devices
• Refractive error surgery devices
• Vitreoretinal surgery devices
By Diagnostic Devices
• Optical coherence tomography (OCT) scanners
• Fundus cameras
• Slit lamps
• Tonometers
• Ophthalmoscopes
• Retinoscope
• Pachymeter
• Wavefront aberrometers
• Corneal topographers
• Biometers
• Keratometers
• Visual field analyzers or perimeters
• Specular microscopes
• Autorefractors
• Ophthalmic ultrasound imaging systems
By Geography
• North America
• Europe
• Asia
For more information about this report visit@ https://www.persistencemarketresearch.com/market-research/ophthalmic-devices-market.asp
Media Contact:
Persistence Market Research
305 Broadway,7th Floor New York City, NY 10007 United States
Call +1-646-568-7751
Call +1 800-961-0353
sales@persistencemarketresearch.com
About Us
Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Market Study on Ophthalmic Devices: Revenues to Surpass US$ 42 Bn by 2020, North America to Remain Global Leader here
News-ID: 2754263 • Views: …
More Releases from Persistence Market Research
Women Wear Market Outlook Style Innovation Driving Strong Growth
Introduction
The women wear market has undergone remarkable transformation in recent years, shaped by evolving fashion preferences, rising digital influence, and a growing focus on comfort, sustainability, and self-expression. Women across age groups are increasingly demanding apparel that blends aesthetics, functionality, and versatility-whether for work, travel, casual outings, or special occasions. The sector spans a wide range of categories, including ethnic wear, western wear, activewear, intimate apparel, and fast-fashion collections, each…
Luggage Market Growing at 5.8% CAGR, Hitting US$88.2 Bn by 2032
Introduction
The global luggage market has experienced steady transformation in recent years, fueled by rising travel frequency, growth in international tourism, and increasing consumer preference for durable, stylish, and technologically advanced luggage solutions. From business travelers and frequent flyers to leisure tourists and students, demand for high-quality suitcases, duffel bags, backpacks, and travel accessories continues to rise. The evolution of lightweight materials, smart luggage features, and improved ergonomics has significantly enhanced…
Skin Toner Market to Reach US$2 Bn by 2030, Driven by 5.3% CAGR
Introduction
The global skincare industry continues to evolve rapidly, driven by rising consumer awareness, demand for clean beauty products, and growing emphasis on daily skincare routines. Within this dynamic environment, the skin toner market has gained significant traction as consumers increasingly prioritize products that enhance hydration, balance skin pH levels, and prepare the skin for better absorption of serums and moisturizers. Modern skin toners-formulated with botanical extracts, antioxidants, hyaluronic acid, and…
Wearable Electronics Market Set to Surge to US$ 172.8 Bn by 2032 - PMR Report
Introduction
The global wearable electronics market is witnessing remarkable growth as consumer demand for smart, connected, and health-oriented devices continues to rise. These devices-including smartwatches, fitness trackers, smart clothing, AR/VR headsets, and wearable medical sensors-are becoming integral to daily life due to their ability to track health metrics, enhance communication, improve productivity, and deliver immersive digital experiences. Advancements in miniaturized sensors, low-power electronics, and wireless connectivity technologies are accelerating the adoption…
More Releases for Asia
Asia Private Equity Firm, Asia Private Equity Management, Asia Private Equity Se …
The private equity market in China has been rapidly growing in recent years. Private equity (PE) refers to the purchase of shares in a company that are not publicly traded on a stock exchange. PE firms typically target companies that are undervalued or in need of capital for growth, and aim to improve the company's operations and financial performance before selling it at a higher value.
https://boomingfaucet.com/
Asia Private Equity Consulting
E-mail:nolan@pandacuads.com
In China,…
South East Asia Business Jet Market And Top Key Players are Asia Corporate Jet, …
By 2022, the South East Asia Business Jet Markets estimated to reach US$ XX Mn, up from US$ XX Mn in 2016, growing at a CAGR of XX% during the forecast period. The Global Business Jet Market, currently at 21 million USD, contributes the highest share in the market and is poised to grow at the fastest rate in the future. The three broad categories of business jets are Small,…
LIXIL Asia Presents Asia Pacific Property Awards
Through its power brands GROHE and American Standard, LIXIL Asia signs a three-year deal to become the Headline Sponsor of the Asia Pacific Property Awards from 2019 until 2022.
23rd January 2019: The International Property Awards, first established in 1993, are open to residential and commercial property professionals from around the globe. They celebrate the highest levels of achievement by companies operating within the architecture, interior design, real estate and property…
PEOPLEWAVE WINS ASIA TECH PODCAST PITCHDECK ASIA 2019 AWARDS
15 January 2019, Singapore – Peoplewave, Asia’s leading data-driven HR technology company, won the Asia Tech Podcast (ATP) Pitchdeck Asia 2019 Awards, being awarded “Startup Most Likely to Succeed in 2019".
The 2019 Pitchdeck Asia Awards is an opportunity for the Asian Startup Ecosystem to shine a spotlight on some of its best startups. The awards were decided by a public vote. More than 7,200 votes were cast by registered LinkedIn…
Undersea Defence Technology Asia, UDT Asia 2011
Latest Military Diving Technologies featured in UDT Asia
Equipping Asia’s navies with the latest diving technology for asymmetric warfare and
operations
SINGAPORE, 17 October 2011 - Naval diving and underwater special operations is a field that is
seeing increased attention and investment amongst navies in Asia. Units such as the Indonesian Navy‟s KOPASKA, the Republic of Singapore Navy‟s Naval Diving Unit (NDU), the Royal Malaysian Navy‟s PASKAL are increasingly utilising specialised equipment for conducting…
Asia Diligence – Specialist Investigative Due Diligence for Asia & Beyond
Asia Diligence today announced the opening of its European Customer Services office in the United Kingdom. The office is to be managed by Steve Fowler and will focus on providing services to Asia Diligence’s European customers. Asia Diligence is also planning to open a US office in the near future, which will provide customer service to its US and North American clients.
Asked to comment on the move, Luke Palmer, the…
