Ophthalmic Devices Market anticipated to expand at a CAGR of 5.0% from 2022 to 2030.
Ophthalmic Devices Industry Overview The global ophthalmic devices market size is expected to reach USD 9.8 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.0% from 2022 to 2030.The rising geriatric population is presumed to propel the need for ophthalmic devices as this age group is more prone to the development of chronic eye disorders. According to the National Institute on Aging (NIA), the geriatric population would be about 72 million individuals by 2030. The rising prevalence of eye disorders such as macular degeneration, cataract, diabetic retinopathy, and glaucoma is also boosting the growth of ophthalmic devices. Ophthalmic Devices Market Segmentation Grand View Research has segmented the global ophthalmic devices market based on product, application, end use and region. Based on the Product Insights, the market is segmented into Ophthalmic A-Scan Ultrasound, Ophthalmic B-...