Ophthalmic Equipment Market to Hit 3.5% CAGR and Projected to Reach US$ 58.44 Billion by 2023
The ophthalmic equipment market was valued at USD 47.73 Billion in 2017 and is expected to reach USD 58.44 Billion by 2023, at a CAGR of 3.5%. Growth in this market is primarily due to the rapid growth in the geriatric population, rising prevalence of eye diseases, technological advancements in ophthalmic devices, increasing government initiatives to control visual impairment, and increasing adoption of contact lenses and spectacles.
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