Monday, January 16, 2012
Vision Care Devices Market Will Grow
The global vision care devices market is expected to increase at a compound annual growth rate (CAGR) of 4.4% over the period 2010 - 2017. The global vision care devices market had revenues of $34 billion in 2010, which will rise to $46 billion by 2017. The increasing target population due to high prevalence of eye disorders such as presbyopia, myopia and hyperopia will drive market growth. Incidences of presbyopia will increase due to the population aging. According to United Nations (UN) estimates, 90 countries will have a median age above 40 years by 2050, which is the age when presbyopia begins to affect people. Read more.