Persistence Market Research

Ophthalmic Devices Market Will Grow at a CAGR of 6.5% Globally from 2014 to 2020 : Persistence Market Research

This report provides in-depth analysis and estimation of the global ophthalmic devices market for the period 2014 to 2020, considering 2013 as the base year for calculation. In addition, data pertaining to current market dynamics, including market drivers, restraints, trends, and recent developments, has been provided in the report.

 

New York, NY -- (SBWIRE) -- 04/20/2015 -- 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.

Browse the full Global Market Study on Ophthalmic Devices: Asia to Witness Highest Growth by 2020 report at http://www.persistencemarketresearch.com/market-research/ophthalmic-devices-market.asp

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. 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.

North America is the largest market for global ophthalmic devices. Vision care devices are the most used type of ophthalmic devices, spectacles lenses are the most used type of vision care ophthalmic device and cataract surgery devices are the most popular type of ophthalmic surgical device. In terms of growth, Asia is the fastest growing region; ophthalmic surgical devices make for the fastest growing type of devices, while contact lenses make for the fastest growing type of vision care ophthalmic devices.

Request Sample Report at http://www.persistencemarketresearch.com/samples/3188

The North American market is anticipated to grow from an estimated USD 11,450.6 million in 2014 to USD 16,242.8 million in 2020, growing at a CAGR of 6% during the forecast period.

Visit our blog at http://pmrblog.com/

About Persistence Market Research
Persistence Market Research (PMR) is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR 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.

PMR stands committed to bringing more accuracy and speed to clients' business decisions. From ready-to-purchase market research reports to customized research solutions, PMR's engagement models are highly flexible without compromising on its deep-seated research values.