Through 2025, the global ophthalmic device market is likely to continue expanding, according to a Research and Markets report.
Here are four points:
1. The report expects the market to total $71.9 billion by 2025, increasing at a compound annual growth rate of 4.8 percent.
2. Markets spurring market expansion include a growing elderly population and more diseases.
3. Technological advancements leading to investment opportunities are also driving growth.
4. Key vendors in the market include:
● CooperVision in Pleasanton, Calif.
● Abbott Medical Optics in Santa Ana, Calif.
● Alcon in Fort Worth, Texas
● Bausch & Lomb in Rochester, N.Y.
● Canon in Tokyo, Japan
● Carl Zeiss Meditec in Jena, Germany
● Essilor International in Charenton-le-Pont, France
● HAAG-Streit Group in Köniz, Switzerland
● Hoya Corp. in Tokyo, Japan
● Johnson & Johnson in New Brunswick, N.J.
● Nidek Co. in Aichi, Japan
● Novartis in Basel, Switzerland
● Topcon Corp. in Tokyo, Japan
● VisionCare in Jacksonville, Fla.
● Ziemer Ophthalmic Systems in Switzerland