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US Markets for Ophthalmic Devices
US markets for ophthalmic devices
Millennium Research Group, A Decision Resources, Inc. Company

The ophthalmic device market was one of the most dynamic medical markets in the US in 2004. Valued at almost $1 billion, this market will grow over the next 5 years at a compound annual growth rate (CAGR) of approximately 8.0%. This market is composed of products and devices for the treatment of ophthalmic conditions including cataracts, refractive error, retinal conditions, and glaucoma. Accordingly, increases in the incidence, diagnosis rate, and treatment of these conditions are driving the market. Further, advances in technology are leading to more expensive devices being used for the treatment of the above conditions, contributing to the market's growth. The next 5 years will ...

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