Market Research Report Store Ophthalmology Devices Global Market – Forecast To
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Description
Ophthalmology is a segment of medical science associated with study of anatomy, physiology,
diseases of human eye, and developing various therapeutic methods to treat eye diseases. Some of
the major eye diseases are either age-related or caused due to chronic disorders. They include
various degenerative eye diseases like macular degeneration, cataract, ocular hypertension
(glaucoma), and refractive errors among others. Revolution in the field of medical science has led
to the rapid development of ophthalmology devices that are invented to effectively treat ocular
defects and disorders.
Ophthalmology devices market is segmented on the basis of products type as diagnostic devices,
surgical devices and vision care. Based on the applications the ophthalmology devices market is
segmented into cataract, glaucoma, age-related macular degeneration, diabetes retinopathy and
others (refractive errors, amblyopia, and strabismus). End-users are segmented into hospitals,
academic and research laboratories, and others (private eye clinic and vision care outlets).
The global ophthalmology devices market is expected to grow at a CAGR of around 5.8% from
2015 to 2021. Increasing incidence of degenerative diseases of eyes, increasing baby boomer
population, increase in R&D activities in ophthalmology key players and extensive use of
high-end technologies involving use of software and computer aided devices and platforms in
ophthalmology drives the market of ophthalmology devices market. Lack of ophthalmologists,
economic slowdown and saturation of the market in developed countries are the factors hampering
the market growth.