The North America ophthalmology surgery devices market is estimated to grow rapidly, according to a MicroMarket Monitor.
Here are six key trends:
1. The market to grow to around $4.2 billion by 2019.
2. It is estimated to grow at a compound annual growth rate of 5 percent from 2014 to 2019.
3. Factors such as growing incidences of ocular disorders increase in geriatric population as well as technological advancements are driving the growth of the market.
4. However, a general lack of awareness among people on eye disorders, poor primary healthcare infrastructure and a lack of healthcare insurance are restraining the market.
5. The European ophthalmology surgery devices market is considered the second largest market, preceded by North America.
6. Key players in the North America market are Abbott Laboratories, Alcon, Allergan and Bausch & Lomb.