According to the report "Ophthalmology Devices Market", published by Market Data Forecast, the global market is projected to reach USD 45.1 Billion by 2021, at a CAGR of 5.5% from 2016 to 2021.

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Currently, the ophthalmology device market is a key growth area in the medical device market with rising demand for solutions, improving the lives of millions of people. The growth rate is likely to sustain in the years to come with rising prevalence of various ocular diseases and aging population. With the introduction of cataract, glaucoma, refractive surgical devices among others has heaped tremendous opportunities in the future market.

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Ophthalmology device market has emerged as one of the fast growing segment in the medical device market in the recent years. This rise in demand is attributed to the rise in aging population, increase in prevalence of eye diseases and advancements in ophthalmology treatment. Rising spending on healthcare, increasing investments by governments and continuous development in the medical field has all contributed in propelling the ophthalmology market in the recent years. However, there are a few factors hampering the growth of the market that include lack of healthcare insurance in the emerging countries, lack of awareness among individuals about diseases like glaucoma and poor healthcare infrastructure.

The global Ophthalmology device market is segmented on the based on the application, disorders and devices.
1) By Application
• Diagnostics & Monitoring devices
• Surgery Devices
• Vision Care Devices

2) By Disorders
• Cataract
• Glaucoma
• Refractor disorders
• Vitreo retinal disorder

3) By Device
• Canaloplasty devices
• Computerized Field Analyser

4) By geography
• North America,
• Asia-Pacific,
• Europe,
• Latin America and
• Middle-East & Africa

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The leading companies in the ophthalmology device industry are Johnson & Johnson, Bausch and Lomb Inc., Abbott Medical Optics Inc., Alcon Inc., Essilor International, HAAG-Streit Group, Hoya Corporation, Nidek CO Ltd., Topcon Corporation, Carl Zeiss Meditec, and Ziemer Ophthalmic System.

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