AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
LONDON, GREATER LONDON, UK, November 30, 2023 /EINPresswire.com/ -- The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The global ophthalmic devices market demonstrates robust growth, overcoming challenges such as the Russia-Ukraine war and the lingering effects of the COVID-19 pandemic. According to the latest report by The Business Research Company, the market size increased from $36.36 billion in 2022 to $39.24 billion in 2023, reflecting a notable compound annual growth rate (CAGR) of 7.9%. Despite disruptions, the market is poised for further expansion, with a projected size of $51.12 billion in 2027 at a CAGR of 6.8%.
Factors Driving Growth and Emerging Trends
Rising Incidence of Eye Diseases: The ophthalmic devices market is anticipated to flourish due to the increasing incidence and prevalence of eye diseases globally. A surge in disorders such as age-related macular degeneration (AMD), glaucoma, and cataract, major contributors to visual impairment and blindness, propels the demand for advanced diagnostic and treatment solutions. With AMD alone estimated to affect 34 million people in the European Union, the market is expected to witness sustained growth driven by the growing aging population.
Technological Advancements: Technological innovation emerges as a key trend in the ophthalmic devices market, with major companies focusing on introducing advanced platforms for diagnosis and treatment. Companies such as MIKAJAKI are pioneering automated and intelligent solutions like EyeLib, the world's first automated ophthalmic platform. This technological leap aims to enhance operational efficiency in eye clinics and health institutions by automating and optimizing the entire diagnostic and testing process.
Ophthalmic Devices Market Segmentation and Regional Dynamics
Dominance of North America: North America claimed the largest share in the global ophthalmic devices market in 2022, reflecting the region's commitment to healthcare innovation and advanced eye care solutions. The robust healthcare infrastructure and increasing awareness of eye health contribute to the region's prominence.
Learn More On The Market By Requesting A Free Sample (Includes Graphs And Tables):
https://www.thebusinessresearchcompany.com/sample_request?id=1970&type=smp
Comprehensive Market Segmentation: The ophthalmic devices market is segmented by type, end user, type of expenditure, and product. This includes vision care devices and equipment, cataract surgery devices and equipment, refractive surgery devices and equipment, diagnostic and monitoring ophthalmic devices and equipment. End users encompass hospitals and clinics, diagnostic laboratories, and other end users. Expenditure is categorized as public or private, and products include instruments/equipment and disposables.
Read More On The Ophthalmic Devices Global Market Report At:
https://www.thebusinessresearchcompany.com/report/ophthalmic-devices-global-market-report
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Market Characteristics
3. Ophthalmic Devices Market Trends And Strategies
4. Ophthalmic Devices Market – Macro Economic Scenario
5. Ophthalmic Devices Market Size And Growth
……
27. Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Market
29. Market Future Outlook and Potential Analysis
30. Appendix
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Vision Care Devices And Equipment Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/vision-care-devices-and-equipment-global-market-report
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