Ophthalmology to be a Growth Business

Research firm Markets and Markets has just released a report saying that the ophthalmology devices market, which they define as “diagnostic and monitoring devices, surgical devices, and vision care products,” in other words, everything from lasers to contact lenses, will grow to almost 35 million by 2018.

thThe breakdown: “Diagnostic, monitoring and surgical devices is expected to grow at a CAGR [Compound Annual Growth Rate] of 6.8% to reach $9,466.7 million by 2018…vision care market is anticipated to reach $33,725.3 million by 2018 at a CAGR of 2.9%.”

One of the biggest driving factors? “The global increase in the aging population.”

Yeah, we coulda guessed that.