Ophthalmic Device Market to Reach Almost $53 Billion in 5 Years

"The global ophthalmic devices market is expected to grow at a compound annual growth rate (CAGR) of 4% to reach $52.7 billion in 2017 from $39.2 billion in 2010" according to a report from Trans World News. "Factors such as the increasing incidence of eye disease and the growing elderly population are driving the ophthalmic device market. Minimally invasive surgical procedures and advances in femtosecond laser technology are expected to drive growth of the ophthalmic surgical devices category. Emerging countries such India and China will show potential for market growth due to the presence of a large patient base in rural areas." Read more.