The Ophthalmology Device Market size in North America has been projected at USD 16.55 Billion in 2022. It is estimated to reach USD 21.23 Billion markets by 2027, growing at a compound annual growth rate (CAGR) of 5.1% between 2022 to 2027.
Currently, the ophthalmology device market is a key growth area in the medical device market with rising demand for solutions, improving millions of people's lives. The growth rate is likely to sustain in the years to develop the rising prevalence of various ocular diseases and the aging population. The introduction of cataracts, glaucoma, refractive surgical devices, among others, has heaped tremendous opportunities in the future market.
Ophthalmology is the branch of medicine that deals with diseases related to the eyes, anatomy, and physiology. Ophthalmology devices include surgical devices that are used primarily for treating conditions relating to the eye. The ophthalmology devices greatly help optimize the treatment process for eyes, making it more convenient for both ophthalmologists and patients.
Recent years have witnessed the emergence of the Ophthalmology device market owing to the rising eye-related health conditions, advancements in technology, and the increasing aging population. The market is also driven by increasing expenditure on healthcare spending, rising government expenditure, and developments in healthcare medical devices.
However, the market's growth is restricted by a few restraints, which include lack of awareness regarding diseases like glaucoma, lack of healthcare insurance in developing countries, and poor infrastructure.
This research report on the North America Ophthalmology Devices Market has been segmented and sub-segmented into the following categories:
Companies playing a dominant role in the North America Ophthalmology Device Market profiled in this report are Johnson & Johnson, Abbott Medical Optics Inc., Carl Zeiss Meditec, Hoya Corporation, Essilor International, Alcon Inc., Topcon Corporation, HAAG-Streit Group, Ziemer Ophthalmic System, Bausch and Lomb Inc., and Nidek Co Ltd.
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