Ophthalmic Devices Market Size worth $9.8 Billion by 2030
Ophthalmic Devices Industry Overview The global ophthalmic devices market size was valued at USD 5.0 billion in 2021 and is anticipated to expand at a compound annual growth rate (CAGR) of 5.0% from 2022 to 2030. The market growth can be attributed to the rising prevalence of optical disorders such as glaucoma, cataract, diabetic retinopathy, and vitreo retinal disorders, coupled with technological advancements in ophthalmic surgical as well as diagnostic instruments required for these target applications. Improved government initiatives to increase awareness related to visual impairment is further anticipated to widen the base for the market growth. Gather more insights about the market drivers, restrains and growth of the Global Ophthalmic Devices Market The growing geriatric population is increasing the demand for ophthalmic devices, as they are more susceptible to age-related ophthalmic disorders. According to the National Institute on Aging (NIA), the geriatric populatio...