The Global Ophthalmology Devices Market is estimated at $34.5 billion in 2016 and is expected to reach $45.1 Billion market by 2021 with a CAGR of 5.5% in the review period.
Hyderabad, India -- (SBWIRE) -- 02/15/2018 -- The report "Ophthalmology Devices Market by application (diagnostics & monitoring devices, surgery devices and vision care devices) by disorders (Cataract, Glaucoma, Refractor disorders and vitreo retinal disorder) by devices (canaloplasty devices and computerized field analyser) - Forecast to 2021", The Ophthalmology Devices Market is expected to reach USD 45.1 Billion by 2021 from an estimated USD 34.5 Billion in 2016, at a CAGR of 5.5 %. Ophthalmology is that the branch of medication that deals with the diseases involving eyes, physiology, and anatomy. It encompasses varied surgical devices that area unit primarily utilised within the treatment of eye conditions and infections. The devices facilitate in decreasing the treatment time whereas providing higher quality eye care protection to the patients. The increasing geriatric population, increase within the variety of eye diseases and technological advancements in medical devices area unit the key factors driving the market growth.
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By application, the diagnostics & monitoring devices segment accounted for the largest share of the market in 2016.
On the basis of application, the Ophthalmology Devices Market has been segmented into diagnostics & monitoring devices, surgery devices and vision care devices. In 2016, the diagnostics & monitoring segment is predicted to account for the most important share of the worldwide medical specialty Devices Market. This can be attributed to increasing kind of patients affected by eye disorders and raising awareness regarding eye health in developing countries. The surgery devices section, on the opposite hand, is predicted to be the fastest-growing section throughout the forecast amount.
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On the basis of disorders, the Ophthalmology Devices Market has been segmented into Cataract, Glaucoma, Refractor disorders and vitreo retinal disorder. On the basis of devices, the market has been segmented into canaloplasty devices and computerized field analyser.
North America dominated the market in 2016
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North America contributed major shares of the global Ophthalmology Devices Market in the recent past years which is followed by Europe. The large share of the North American Ophthalmology Devices Market can be attributed to the advancements in ophthalmic devices and the presence of well-established industries in this region.
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