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HomeminewsOphthal Devices 5.1% Expansion

Ophthal Devices 5.1% Expansion

Transparency Market Research has published a new report on the global ophthalmology devices market stating that the global market is expected to expand at a 5.10 per cent CAGR (compound annual growth rate) from 2012 to 2018, equating to a change from approximately AU$16.3bn in 2011 to $24.4bn by 2018.

Advances in healthcare infrastructure and the rising aging population are two of the major factors expected to benefit the global ophthalmology devices market in the near future. The global ophthalmology devices market is segmented on the basis of application, region, disorder, and device. By disorder, the global ophthalmology devices market is classified into cataract, refractor disorder, vitreoretinal disorder, and glaucoma.

Based on device, the global ophthalmology devices market is classified into computerised field analysers, contact lenses, contact lens clearing and disinfecting solutions, glaucoma drainage devices, intraocular lenses, iris retractors, ophthalmic lasers, ophthalmoscopes, optical coherence tomography devices, phoropters, refractors, and others. Medical devices in the ophthalmology field are used for numerous functions such as surgery, diagnosis, and vision care. Currently, in terms of shipment volume, the vision care devices segment dominates the global market with a share of 65 per cent.

In 2011, the North America ophthalmology devices market accounted for one-third of the global market. Currently, Europe holds the second position in the global market, followed by Asia Pacific.

The report is titled Ophthalmology Devices Market – Global Industry Analysis, Size, Share, Growth, And Forecast 2012–2018