The global ophthalmology device market is expected to reach $9.47 billion by 2018, growing at a compound annual growth rate of 6.8 percent, according to a Markets and Markets news release.
The ophthalmology device market includes surgical, diagnostic and monitoring devices.
While the market experienced a drop from 2008 to 2009, it is expected to grow again, due to the aging population and increased rate in eye disease occurrence, according to the report.
The analysis projects the U.S. will continue to dominate the market in 2018, but the Asian market is expected to grow at the fastest rate over the next four years.
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