Market Analysis / 22nd Asia Pacific Ophthalmologists Annual Meeting


Due to an increasingly aging population and its subsequent impact on the eye care industry, the global ophthalmology market is growing. Due to the increasing number of people suffering from eye disorders the global ophthalmic devices market size is expected to reach USD 9.8 billion by 2030. The market is expected to expand at a CAGR of 5% from 2022 to 2030.

The rising incidence of ocular conditions including glaucoma and cataracts is a primary driver of the global market for ophthalmic devices. The emphasis on educating customers and eye care professionals about eye diseases and related complications, as well as the increased penetration of digital devices like laptops, smartphones, computers, and e-readers, as well as quick technological advancements like the introduction of intraocular lenses (IOL), are all specifically contributing to the growth of the global market. The lack of experienced workers and limited knowledge of eye-related disorders, however, are predicted to impede market expansion. On the other hand, developing nations with strong development potential