North American Ophthalmology Surgery Devices Market 2018

Alan Hyes 2014-11-04

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The North American ophthalmology surgery devices is considered to be the largest market, with a market share of 36%, and it is anticipated to grow at a CAGR of 3.82% from 2012 to 2018. Ophthalmology is a branch of medical science, mainly related to examining the human eye, and developing various treatment methods to successfully treat any kind of eye disease or disorder. Some of the major eye diseases are either age-related or developed due to chronic disorders. They include macular degeneration, cataract, ocular hypertension, glaucoma, and refractive errors among others. Advancements in the field of medical science have led to the rapid development of ophthalmology surgical devices that are invented to effectively treat ocular defects and disorders.
Ophthalmology, being an integral part of healthcare sector has undergone rapid technological development, which has resulted in the progression of ophthalmology surgery devices market. Due to an increasing amount of ageing population suffering from eye related diseases in North America, it has become one of the dominant regions of this market. With an increase in prevalence of eye diseases, such as diabetic retinopathy and macular degeneration, the need towards modernizing healthcare infrastructure is becoming a priority. Adequate funding and worthy investments for the development of sophisticated ophthalmology devices to treat such eye conditions, has triggered its growth in North America. In addition to this, there are several other factors proliferating the significant rise in ophthalmology surgery devices; including lifestyle related disorders and need for vision correction. Rise in demand of intraocular lenses and novel techniques of treating cataract, such as phacoemulsification in the developed economies have helped in further propelling its overall demand.
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