Global Ophthalmology Devices Market to reach US$18.28 bn by 2018 owing to Rise in Aging Population Transparency Market Research has published a new report on the global ophthalmology devices market. The report, titled ‘Ophthalmology Devices Market - Global Industry Analysis, Size, Share, Growth, And Forecast 2012 - 2018,’ states that the global market is expected to expand at a 5.10% CAGR from 2012 to 2018. As per the report, the global ophthalmology devices market is expected to progress from US$12.92 bn in 2011 to US$18.28 bn by 2018. Advancements in healthcare infrastructure and the rising aging population are two of the major factors expected to benefit the global ophthalmology devices market in the near future.
Ophthalmology is the branch of medicine that deals with the physiology, anatomy, and diseases of the eye. Ophthalmology device manufacturers, distributors, medical companies, healthcare institutions, and research and development firms are currently taking efforts to introduce new medical devices to gain competitive advantage. Ophthalmology devices are primarily used for treating various eye conditions and infections. As these devices help decrease the treatment time and offer quality eye care to patients, they assist in making the eye-treatment process more convenient for patients and ophthalmologists. The manufacturers of ophthalmology devices such as Essilor International, Johnson and Johnson Vision Care, Hoya Corporation, Abbott Medical Optics Inc., Nidek Co Ltd., Topcon Corporation, Alcon Inc., Carl Zeiss AG, Canon Inc., CooperVision AG, and Bausch and Lomb Inc. are actively introducing new devices to treat various diseases of the eye. With the entry of new companies, the global ophthalmology devices market is expected to register new growth opportunities in the years to come. Read Full Report: http://www.transparencymarketresearch.com/ophthalmology-devicesmarket.html With the increasing focus of people on healthcare, the global ophthalmology devices market is expected to witness rapid growth throughout the forecast period. Continuous developments in the field of medical devices and the rising spending on healthcare have propelled the global market for ophthalmology devices in the recent past. The global ophthalmology devices market is segmented on the basis of application, region, disorder, and device. By disorder, the global ophthalmology devices market is classified into cataract, refractor disorder, vitreoretinal disorder, and glaucoma.