Report Overview

The EU OTC Ophthalmology Devices Market size stood at around USD $8.84 billion in 2019 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of xx% during the forecast period

Ophthalmology is a branch of medicine dealing with diseases relating to physiology, anatomy, and the eyes. Ophthalmology devices encompass a wide range of surgical devices that are primarily used to treat eye conditions. These devices help in reducing the treatment time drastically, at the same time offering better quality protection to the patients. It is also proved to be a convenient way of operating for both ophthalmologists and patients



Market Drivers and Restraints

The increasing geriatric population and ocular diseases created greater opportunities in the ophthalmic device market, increasing the demand for cataracts, glaucoma, refractive, and other surgical devices. The growth is believed to sustain in the years to come with rapid approvals for the devices and increasing awareness about the diseases are driving the market growth

However, factors like lack of healthcare insurance in many developing countries, lack of knowledge about diseases like glaucoma among individuals, and poor infrastructure are factors restraining the growth of the market