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The global ophthalmic devices market size was valued at $53,428.8 million in 2019, and is projected to reach $66,719.3 million by 2027, registering a CAGR of 4.2% from 2020 to 2027.<br><br>
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Ophthalmic Devices Market to Reach $44.86 Bn, Globally, by 2027 at 4.0% CAGR www.alliedmarketresearch.com
Increase in adoption of digital devices in health care sector and technological advancement in the ophthalmic devices drive the global ophthalmic devices market According to the report, the global ophthalmic devices market garnered $32.53 billion in 2019, and is estimated to reach $44.86 billion by 2027, registering a CAGR of 4.0% from 2020 to 2027. Request Sample Report at:https://www.alliedmarketresearch.com/request-sample/2046 www.alliedmarketresearch.com
The vision care segment to maintain its lead status- Based on product function, the vision care segment accounted for nearly half of the global ophthalmic devices market in 2019, and is expected to maintain its lead status in terms of revenue throughout the forecast period. This is due to rise in trend of contact lenses and increase in number of patient with vision corrections. However, the diagnostic devices segment is estimated to portray the highest CAGR of 4.7% from 2020 to 2027. The changing consumer preference from traditional and manually operated refractors to auto-refractors drives the growth of the segment. www.alliedmarketresearch.com
North America is anticipated to dominate the market by 2027- Based on region, North America accounted for the highest share based on revenue, holding for nearly two-fifths of the global ophthalmic devices market in 2019, and is projected to maintain its dominant position throughout the forecast period. This is due to rise in number of blindness and low vision in the U.S. Moreover, Asia-Pacific region is estimated to generate the fastest CAGR of 4.5% from 2020 to 2027. This is attributed to the presence of high population base, increase in disposable income, and improvement in patient awareness about advanced ophthalmic devices in this region. For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/2046 www.alliedmarketresearch.com
Leading market players- • Abbott Laboratories • Novartis AG • Carl Zeiss Meditec AG • Essilor International S.A. • HAAG-Streit Holding AG • Johnson & Johnson • Nidek Co., Ltd. • Topcon Corporation • Valeant Pharmaceuticals International, Inc. • Ziemer Ophthalmic Systems AG. • https://www.alliedmarketresearch.com/press-release/ophthalmic-devices-market.html www.alliedmarketresearch.com
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