The ophthalmology market - Italy

Ophthalmology is a branch of medicine and surgery that deals with the diagnosis and treatment of eye disorders. Ophthalmologists are authorized to prescribe drugs to treat eye diseases, implement laser therapy and perform surgery when necessary. They can also participate in academic research on the diagnosis and treatment of eye disorders. The ophthalmic market can be segmented by product (drugs and devices), disease (including glaucoma, cataract, age-related, and others), and end user (hospitals, medical institutions, research organizations, and healthcare providers). Data on the value of the global ophthalmology market show continued growth from 2024 to 2030. It increases from $63.89 billion in 2024 to $93.96 billion in 2030. This represents a 47 percent increase over the period, with a compound annual growth rate (CAGR) of 6.64 percent.In recent years, many significant developments have been observed in ophthalmology for cataract, refractive, and glaucoma surgeries. An increase in well-equipped healthcare infrastructure and new drug approvals are contributing strongly to the market. In addition, the increasing prevalence of ocular disorders and growing awareness among the global population are driving market growth. The European ophthalmology market from 2024 to 2028 shows steady growth. An increase from $10.43 billion in 2024 to $12.97 billion in 2028 is observed, representing a 24 percent increase over the period.this trend reflects an expanding market,with a CAGR of 5.60 percent. The continued increase suggests a growing demand for ophthalmology services and products in Europe, influenced by factors such as an aging population and technological advances in the field. In recent years, the number of ophthalmologists in Italy has increased dramatically, as far as the product is concerned, the production made and sold of ophthalmic lenses has decreased by 25.6% and 16.4%, respectively .In Italy there are about15 million myopic peopleand the issue is sharply increasing, registering the highest number of cases among the very young, where more than2 out of 10 boys, as early as the age of 15, are affected. The main cause is the many hours spent in front of electronic devices, such as cell phones, PCs or tablets. It is projected that by2050 half of the world's populationcould be affected bymyopia.