Refractive Surgery Devices Market is expected to expand at a CAGR of 7.7% from 2021 to 2028.
Refractive Surgery Devices Industry Overview The global refractive surgery devices market size was valued at USD 168.2 million in 2020 and is expected to expand at a compound annual growth (CAGR) of 7.7% from 2021 to 2028. The growing geriatric population and the increased screen time of the global population due to the COVID-19 pandemic are expected to drive the demand for refractive surgeries. According to JAMA Ophthalmology, myopia has been a major issue throughout the pandemic, particularly among youngsters, due to increased screen time. Myopia is on the rise, according to the World Health Organization, 52 percent of the world's population is expected to be affected by myopia by 2050. Additionally, the geriatric population is more susceptible to developing refractive errors and requires immediate surgical care to cure visual impairment. According to the National Institute on Aging (NIA), the geriatric population is expected to reach 72 million by 2030. Gath...