Ophthalmic Devices Market Size, Industry Growth & Forecast to 2027

maykohli050330 Nov 2021 Business

Ophthalmic Devices Market was valued at USD 50.16 billion in 2020 and is expected to reach USD 65.0 billion by 2027, growing at a CAGR of 3.7% during the forecast period. The market is driven by varied factors including rising prevalence of eye diseases, high growth in the geriatric population, advancements in technology of ophthalmic devices, supportive government initiatives to control visual impairment, and increasing adoption of contact lenses and spectacles.

Ophthalmic Devices Market was valued at USD 50.16 billion in 2020 and is expected to reach USD 65.0 billion by 2027, growing at a CAGR of 3.7% during the forecast period. The market is driven by varied factors including rising prevalence of eye diseases, high growth in the geriatric population, advancements in technology of ophthalmic devices, supportive government initiatives to control visual impairment, and increasing adoption of contact lenses and spectacles.