Age related eye diseases such as cataracts, diabetic retinopathy, glaucoma and macular degeneration continue to heighten the risks of loosing vision, significantly or completely. Driven by a continuously aging population, technology innovations and booming markets in China and India, the ophthalmic devices sector is expected to attain a double-digit growth. This sector continues to remain one of the largest and fastest growing medical equipment sectors, globally.
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The US ophthalmic devices market was valued at $5.5 billion in 2008. Driven by growth in the vision care and cataract surgery market categories, the market is forecast to grow by 8.5% annually during 2008-2015 to reach $9.8 billion by 2015.
On the downside, the market continues to grapple with growth decline in the refractive surgery market made worse by reduced consumer discretionary spending in the US. Johnson & Johnson Vision Care, Essilor, CIBA Vision, Bausch & Lomb, Alcon and Advanced Medical Optics (AMO) lead the US ophthalmic devices market which continues to remain significantly fragmented.
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This latest ophthalmic devices market data and analysis was taken from the research report
"US Ophthalmic Devices Market Analysis & Forecasts to 2015" published by Global Markets Direct - for more information on this report,
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