What’s new with GBI Research's Premium Reports under the Medical Devices Industry
29 Nov 2011 • by Natalie Aster
Market Publishers Ltd informs that new GBI Research's Medical Devices Industry report has been added to its catalogue:
The global ophthalmic devices market is expected to grow at a compound annual growth rate (CAGR) of 4% to reach $52.7 billion in 2017 from $39.2 billion in 2010. Factors such as the increasing incidence of eye disease and the growing elderly population are driving the ophthalmic device market. Minimally invasive surgical procedures and advances in femtosecond laser technology are expected to drive growth of the ophthalmic surgical devices category. Emerging countries such as India and China will show potential for market growth due to the presence of a large patient base in rural areas. In 2010 the vision care category was the largest category in the global ophthalmic devices market, accounting for 87% of the overall market. The global vision care category was valued at $34 billion in 2010 and is forecast to grow at a CAGR of 4% to reach $46 billion in 2017. The vision care category primarily comprises spectacle lenses and contact lenses and is expected to be driven by a large target population using vision care devices for aesthetic as well therapeutic purposes.
The dental devices market is expected to grow at a compound annual growth rate (CAGR) of 7% and reach $13.3 billion in 2017, from $8.4 billion in 2010. Technological advances, an increase in the percentage of elderly population, a rise in healthcare expenditure in emerging markets and increased awareness of the importance of oral healthcare are expected to drive the future growth of the dental devices market. Emerging countries like India, China and Brazil have huge potential due to low market penetration of new products in dental devices market. Dental implants, and, crowns and bridges, are expected to witness a high growth rate in dental device market. Minimally invasive procedures for dental implants and new products are expected to drive the growth of dental implants category and the market is forecast to grow at a CAGR of 10% to reach $5 billion by 2017 from $2.5 billion in 2010. Emerging countries will drive the demand for dental crowns and bridges due to lower price of crowns and bridges than dental implants and high incidence of dental disorders in these countries.
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