# Ophthalmic Devices Market Share to Exhibit Steady Growth in the Coming Decade Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2021-11-29 Category: Research Reports Category URL: https://financedigest.com/category/research-reports Meta Title: Global Ophthalmic Devices Market Report 2020 Meta Description: Discover insights on the expanding ophthalmic devices market, with a projected growth from USD 29.1 million in 2014 to USD 42.7 million in 2020. Stay informed URL: https://financedigest.com/ophthalmic-devices-market-share-to-exhibit-steady-growth-in-the-coming-decadehtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/research-report-2-1736836816359-compressed.jpg) According to a new market report published by Persistence Market Research “ **Global Market Study on Ophthalmic Devices: Asia to Witness Highest Growth by 2020,**” the global ophthalmic devices market was valued at USD 29,171.5 million in 2014 and is expected to grow at a CAGR of 6.5% from 2014 to 2020, to reach an estimated value of USD 42,685.1 million in 2020. Globally, the [ophthalmic devices market](http://www.persistencemarketresearch.com/market-research/ophthalmic-devices-market.asp) is witnessing significant growth due to increasing prevalence of eye disorders, such as diabetic retinopathy and macular degeneration. In addition, growing global aging population, increasing government initiatives towards healthcare infrastructure in developing countries, and increasing incidence of lifestyle-associated diseases are also driving the growth of the market. However, lack of awareness among people about eye disorders, poor primary healthcare infrastructure, and lack of insurance in developing countries hamper growth of the [global ophthalmic devices market](https://www.financedigest.com/liverpool-property-market-embraces-new-global-appeal-as-international-music-festival-comes-to-town.html "Liverpool property market embraces new global appeal as International Music Festival comes to town "). In addition, eye [diseases in children are also increasing](https://www.financedigest.com/growing-burden-of-periodontal-diseases-to-increase-mouthwash-usage.html "Growing Burden of Periodontal Diseases to Increase Mouthwash Usage") due to the general lack of awareness. **To remain ‘ahead’ of your competitors, request for a sample here@** [**https://www.persistencemarketresearch.com/samples/3188**](https://www.persistencemarketresearch.com/samples/3188) The global ophthalmic [devices market](https://www.financedigest.com/the-npwt-devices-and-dressings-market-to-have-growth-devised-on-innovation.html "The NPWT Devices And Dressings Market to have growth devised on innovation") is anticipated to grow from an estimated USD 29,171.5 million in 2014 to USD 42,685.1 million in 2020 at a CAGR of 6.5% during the forecast period. Age-related eye diseases, such as glaucoma, cataract, [diabetic retinopathy](https://www.financedigest.com/the-diabetic-retinopathy-market-to-gasp-through-innovation-based-growth.html "The Diabetic Retinopathy Market to gasp through innovation-based growth"), and age-related macular degeneration, are the leading causes of visual impairment and blindness in North America. According to the American Academy of Ophthalmology, approximately 22 million Americans aged 40 and above were affected by cataract and 2.3 million Americans were affected by glaucoma in 2011. In Europe, increasing prevalence of chronic eye diseases among the rising aging population is becoming a challenge for the [European healthcare](https://www.financedigest.com/european-shares-edge-higher-on-healthcare-lift-weak-china-data-stokes-worries.html "European shares edge higher on healthcare lift, weak China data stokes worries") system. In France, the number of age-related macular degeneration cases was 0.3 million in 2000 and it is anticipated to increase by 0.5 million in 2020. **Get a Customized Scope to Match Your Need Ask an Expert-** [**sales@persistencemarketresearch.com**](mailto:sales@persistencemarketresearch.com) However, glaucoma, cataract, and diabetic retinopathy are the major causes of blindness in Asia. Cataract can be held responsible for 50% to 80% of all cases of blindness in Southeast Asia. The prevalence of age-related macular degeneration is also increasing in Asia due to increase in [life expectancy and rising incidence of diabetes](https://www.financedigest.com/buying-life-insurance-after-a-diabetes-diagnosis.html "Buying Life Insurance After a Diabetes Diagnosis") among the younger population. As per the [Centre for Eye Research](https://www.financedigest.com/new-research-from-impact-com-shows-shifting-power-dynamic-that-puts-influencers-at-the-centre-of-the-brand-consumer-relationship.html "New Research from impact.com Shows Shifting Power Dynamic that Puts Influencers at the Centre of the Brand-Consumer Relationship") Australia, prevalence of diabetic retinopathy among people ranged between 17% and 22% in India and 43.1% in rural China in 2012. Johnson & Johnson, Essilor International, Bausch & Lomb Incorporated, Novartis AG, HOYA CORPORATION and Abbott Laboratories, Inc. are some of the major players of ophthalmic [devices market](https://www.financedigest.com/the-endodontic-devices-market-to-tilt-towards-digitization.html "The Endodontic Devices Market to tilt towards digitization"). **For in-depth competitive analysis, buy now@** [**https://www.persistencemarketresearch.com/checkout/3188**](https://www.persistencemarketresearch.com/checkout/3188) **Read More Trending “PMR Exclusive Article”-** **Hip Replacement Market**– [Hip Replacement Market](https://www.persistencemarketresearch.com/market-research/hip-replacement-market.asp) Segmented By Hip Stems, Acetabular Cups, Revision Accessories Components Types in Hospitals, Orthopedic Clinics, Ambulatory Surgical Centers **Artificial Disc Replacement Market**– [Artificial Disc Replacement Market](https://www.persistencemarketresearch.com/market-research/artificial-disc-replacement-market.asp) Segmented by Cervical Disc Replacement, Total disc replacement, lumbar artificial disc replacement, Artificial Cervical Disc Replacement, Lumbar disc replacement surgery **About Us: –** [**Persistence Market Research**](https://www.persistencemarketresearch.com/about-us.asp) **Contact us:** **Persistence** [Market Research](https://www.financedigest.com/microscopy-devices-market-to-reach-us-12351-4-million-by-2025-with-cagr-of-8-0-transparency-market-research.html "Microscopy Devices Market To Reach US$ 12,351.4 Million By 2025 With CAGR of 8.0% | Transparency Market Research") Address – 305 Broadway, 7th FloorNew [York City](https://www.financedigest.com/dr-letao-qin-joins-rimon-as-partner-in-its-research-triangle-park-and-new-york-city-offices.html "Dr.Letao Qin, joins Rimon as Partner in its Research Triangle Park and New York City Offices"), NY 10007 United States U.S. Ph. – +1-646-568-7751 USA-Canada Toll-free – +1 800-961-0353 **Sales** – sales@persistencemarketresearch.com **Website** – https://www.persistencemarketresearch.com --- This blog is powered by Superblog. 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