Ophthalmic Devices Market - Size, Share,
Outlook, and Opportunity Analysis, 2018–2026
Ophthalmic devices include vision care products and surgery devices for the diagnosis and
treatment of eye diseases. Risk of eye related diseases or retinal disorders such as vision defects
(refraction), cataracts, and glaucoma, increase with age and can be chronic in several cases.
Increasing prevalence of eye related disorders such as cataract, glaucoma, and blindness is expected
to drive growth of the ophthalmic devices market. For instance, according to The International
Agency for the Prevention of Blindness (IAPB), in 2015; 253 million people were blind or vision
impaired, worldwide.
Moreover, increasing prevalence of eye disorders in geriatric population and changing food habits
leading to nutritional deficits in younger population are resulting in increasing adoption of
ophthalmic devices. For instance, according to the International Journal of Advanced Medical and
Health Research 2015, cataract is a major cause of blindness, affecting 17-18 million people
worldwide, accounting for 39% of such cases.
Technological advancements in ophthalmic devices and increasing initiatives by government and
healthcare regulatory bodies to ensure establishment of sophisticated healthcare infrastructure and
better eye safety and vision care is are expected to propel growth of the ophthalmic devices market.
American Academy of Ophthalmology: a global association of eye physicians and surgeons, each
month; engaged in raising awareness regarding eye health among the global population.
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Market Dynamics
Governments in emerging economies are focused on establishing sophisticated healthcare
infrastructure and eye care centers. This is owing to increasing demand for treatment related to eye
disorders such as cataract, glaucoma, and macular degeneration. This is turn is expected to boost
growth of the global ophthalmic devices market.
For instance, Directorate General of Health Services: Government of India launched a National
Program for Control of Blindness and Visual Impairment (NPCB&VI) in 1976 with the goal of