The global ophthalmic devices market reached a valuation of USD 27.3 billion in 2022 and is projected to reach USD 42.35 billion by 2032, with a forecasted revenue compound annual growth rate (CAGR) of 5%. The growth of the market is primarily driven by the increasing incidence of ocular conditions such as cataracts, glaucoma, and age-related macular degeneration, which contribute significantly to the revenue growth.
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