Ophthalmology Diagnostics Market to Reach $40B by 2019

The ophthalmology diagnostics and surgical devices market is expected to reach $40.38 billion by 2019, growing at a compound annual growth rate of 6.6 percent, according to a Transparency Market Research report.

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The market was valued at approximately $26 billion in 2012. The vision care segment of the market proved to be the largest in 2012, valued at $17.62 billion.

Part of the growth of the ophthalmology diagnostics and surgical devices market can be attributed to an increase in diagnostic platforms, such as mobile smart phone and hand held applications. Additionally, an increased use of lasers in ophthalmological surgeries is exhibiting much potential for growth, according to the report.

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