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

Valued at over $360 million in 2004, the European ophthalmic device market will exhibit moderate growth at a compound annual growth rate (CAGR) of approximately 4% over the next 5 years. This market consists of devices for the treatment of various ophthalmic conditions, including cataracts, refractive error, retinal conditions, and glaucoma. Accordingly, the market is being driven primarily by an increase in the incidence, detection, and treatment of ophthalmic conditions, all of which are largely the result of an aging population. Though the demand for ophthalmic procedures is rapidly increasing, reimbursement constraints, low levels of economic activity across Europe, and strong competitive forces from local manufacturers will result in ...

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