Ophthalmic Devices Market size is expected to be worth around USD 80.4 Bn by 2033 from USD 50.3 Bn in 2023, growing at a CAGR of 4.8%.

The ophthalmic diagnostic equipment market is expected to grow from USD 3.56 billion in 2025 to USD 5.02 billion by 2035. The market is poised to expand at a 3.5% CAGR during the forecast period.

Metric	Value
Industry Size (2025E)	USD 3.56 billion
Industry Value (2035F)	USD 5.02 billion
CAGR (2025 to 2035)	3.5%

Ophthalmic Diagnostic Equipment Market Analyzed by Top Investment Segments

Product	CAGR (2025-2035)
Optical Coherence Tomography (OCT)	5.1%

End Use	CAGR (2025-2035)
Ambulatory Surgical Centres	4.8%

Analyzing Top Countries Producing and Distributing Ophthalmic Diagnostic Equipment

Countries	CAGR (2025-2035)
United States	5.4%
United Kingdom	4.5%
France	7.2%
Germany	6.1%
Japan	2%

Global ophthalmic equipment market size was valued at USD 61.1 billion in 2021 and is expected to grow at a CAGR of 4.8% during the forecast period.

The global ophthalmic devices market size reached USD 28.6 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 39.7 Billion by 2033, exhibiting a growth rate (CAGR) of 3.52% during 2025-2033. The market is propelled by the expanding geriatric population, rising prevalence of eye ailments, and the growing medical tourism sector which is driving innovation and investment in advanced eye care technologies.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 28.6 Billion
Market Forecast in 2033	USD 39.7 Billion
Market Growth Rate (2025-2033)	3.52%

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2025-2033. Our report has categorized the market based on product type, application, and end use.

Ophthalmic Devices Market is projected to reach 83.33 billion by 2033, growing at a CAGR of 6.5% from 2025-2033.

The report covers US America Ophthalmic Equipment Market Outlook and it is segmented by Devices (Surgical Devices, Diagnostic, and Monitoring Devices, and Vision Correction Devices). The market size and forecast values are provided in terms of (USD) for all the above segments.

Global Ophthalmic Devices market size is expected to reach $70.64 billion by 2029 at 8.1%, the impact of increasing incidence and prevalence of eye diseases on the ophthalmic devices market

Ophthalmic Equipment Market by Product Type (Vision Care, Surgical Devices {Refractive, Cataract, Vitreoretinal, Glaucoma, Accessories}, Diagnostic {Retinoscope, Tonometer, Ultrasound}), End User (Consumer, Clinic, Hospital) - Global Forecast to 2032

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Ophthalmology Devices Market Size 2024-2028

The ophthalmology devices market size is forecast to increase by USD 19.1 billion at a CAGR of 4.31% between 2023 and 2028.

The market is witnessing significant growth due to several key trends. The increasing prevalence of ophthalmic diseases is a major driver for market growth. According to the World Health Organization, approximately 217 million people worldwide are affected by blindness or low vision. Moreover, the rising number of medical tourism cases for affordable ophthalmology surgeries in developing countries is also boosting the market growth. Advancements in technology have led to the development of cutting-edge devices such as artificial intelligence (AI) in ophthalmology, fundus cameras, OCT scanners, and phacoemulsification machines. However, high costs and limited reimbursement for ophthalmic treatments pose a challenge to market growth. Despite these challenges, the market is expected to witness steady growth due to the development of advanced technologies and increasing government initiatives to improve healthcare infrastructure. The market trends and analysis report provides a comprehensive overview of these factors and more, offering valuable insights for stakeholders in the ophthalmology devices industry.

What will be the Size of the Market During the Forecast Period?

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The market encompasses a broad range of innovative technologies designed to address various optical disorders and surgical needs. This market includes devices for refractive surgery, such as LASIK and photorefractive keratectomy (PRK), which correct vision impairments caused by refractive defects. Additionally, retinal surgery devices are essential for treating conditions like diabetic retinopathy, vitreoretinal disorders, and glaucoma. Phacoemulsification devices and premium intraocular lenses (IOLs) are integral components of cataract operations. Phacoemulsification is a minimally invasive procedure that uses ultrasonic energy to fragment and remove cataract-affected lenses, while premium IOLs offer improved visual acuity and functionality. UV screens and refurbished equipment play a crucial role in the ophthalmic medical device market, ensuring the protection of the eyes from harmful radiation and extending the life cycle of surgical instruments.



Ophthalmic surgical instruments and diagnostic instruments cater to the needs of various ophthalmic procedures, from cataract operations to strabismus correction. The geriatric population represents a significant portion of the market, as age-related conditions like cataracts, glaucoma, and diabetic retinopathy are common among older adults. Binocular vision disorders and refractive defects are also prevalent, necessitating the continuous development and refinement of ophthalmic medical devices. Lasers and phacoemulsification machines are essential tools in the ophthalmic medical device market, enabling precise and efficient surgical procedures. The ongoing advancements in technology lead to improved patient outcomes and expanded treatment options. In summary, the ophthalmic medical device market is a dynamic and evolving sector, driven by the need to address various optical disorders and surgical requirements. The development and refinement of technologies, such as phacoemulsification devices, premium IOLs, lasers, and surgical instruments, are essential in meeting the demands of healthcare professionals and patients alike.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Product

  Vision care
  Ophthalmology surgical devices
  Ophthalmology diagnostic devices


End-user

  Hospitals and eye clinics
  Academic and research laboratories
  Others


Geography

  North America

    Canada
    US


  Europe

    Germany
    UK


  Asia

    China


  Rest of World (ROW)

By Product Insights

The vision care segment is estimated to grow significantly during the forecast period.

The market encompasses a range of products used in the diagnosis, treatment, and management of various eye conditions. These devices include diagnostic instruments, such as slit lamps, fundus cameras, and optical coherence tomography (OCT) machines, which aid in the detection and monitoring of diseases like CMV retinitis, diabetic retinopathy, and diabetic macular edema.

Additionally, the market includes corrective eyewear, such as contact lenses and spectacle lenses, with the latter being the most commonly used form of eyewear for correcting refractive errors. Plastic spectacle lenses, in particular, have gained popularity due to their advantages, including lightweight, break resistance, and su

The UK Ophthalmology Equipment Market report segments the industry into By Devices (Surgical Devices, Diagnostic and Monitoring Devices, Vision Correction Devices), Surgical Devices (Glaucoma Drainage Devices, Glaucoma Stents and Implants, and more.), Diagnostic and Monitoring Devices (Autorefractors and Keratometers, Corneal Topography Systems, and more.), Vision Correction Devices (Spectacles, Contact Lenses).

According to Cognitive Market Research, the global ophthalmology devices market size is USD 7.0 million in 2024 and will expand at a compound annual growth rate (CAGR) of 4.92% from 2024 to 2031. Market Dynamics of Ophthalmology Devices Market

Key Drivers for Ophthalmology Devices Market

Rise is Cases for Ophthalmic Diseases - Ophthalmic illnesses, including glaucoma and cataracts, are becoming more common, which is a major driver fueling the expansion of the ophthalmology devices market. With the growing need for contact lenses and cutting-edge equipment, these devices are poised to dominate the industry. The market for microinvasive glaucoma surgical implants is expanding at a faster rate than any other treatment. Common eye problems like diabetic retinopathy, cataracts, age-related macular degeneration, and all the other ophthalmic illnesses are expected to fuel market expansion. Rising consumer awareness of ophthalmology devices and an uptick in research and development efforts to create new ones are anticipated to drive the market's expansion.

Key Restraints for Ophthalmology Devices Market

The absence of knowledge on eye-related illnesses is expected to slow down the market's growth. A lack of qualified individuals is expected to pose a problem for the ophthalmology equipment industry. Introduction of the Ophthalmology Devices Market

Ophthalmic devices are medical tools commonly used for diagnosing eye conditions, correcting visual problems, and performing surgeries. Their advantages are becoming more well-known and popular due to the increasing number of people suffering from ophthalmic ailments like glaucoma, cataracts, and others that affect eyesight. The global ophthalmic devices market is expected to experience expansion due to the rising demand for high-quality eye care and the increasing number of procedures meant to correct visual problems. The developing world's improving healthcare infrastructure, along with the rising demand for and demand for less-invasive processes, is anticipated to enhance the expansion of the market.

The global Ophthalmic Equipment market size reached USD 60.49 Billion in 2021 and is expected to reach USD 93.84 Billion in 2030 registering a CAGR of 5.0%. Ophthalmic Equipment market growth is primarily driven owing to increasing prevalence of glaucoma, cataract, and other ophthalmic ailments and...

The Sweden Ophthalmic Devices Market report segments the industry into By Devices (Surgical Devices, Diagnostic and Monitoring Devices) and Vision Correction Devices (Spectacles, Contact Lenses). Get five years of historical data alongside five-year market forecasts.

The Saudi Arabia Ophthalmic Devices Market is segmented by Device (Surgical Devices, Diagnostic and Monitoring Devices, and Vision Correction Devices). The report offers the value (in USD million) for the above segments.

Ophthalmic Devices Market is segmented By Product Type (Vision Care Devices (Spectacles and Contact Lenses) And Surgery Devices (Cataract Surgery Devices, Refractive Surgery Devices, Vitreoretinal Surgery Devices, and Glaucoma Surgery Devices)

The revenue in the 'Ophthalmic Devices' segment of the medical technology market in Indonesia was forecast to continuously increase between 2024 and 2029 by in total 79.1 million U.S. dollars (+44.13 percent). After the ninth consecutive increasing year, the revenue is estimated to reach 258.37 million U.S. dollars and therefore a new peak in 2029. Notably, the revenue of the 'Ophthalmic Devices' segment of the medical technology market was continuously increasing over the past years.Find more key insights for the revenue in countries and regions like the revenue in the 'Diagnostic Imaging Devices' segment of the medical technology market in Latin America and the revenue in the medical technology market in the Netherlands. The Statista Market Insights cover a broad range of additional markets.

The Ophthalmology Drug and Device Market are Segmented by Product (devices and Drugs), Disease (Glaucoma, Cataract, Age-Related Macular Degeneration, Inflammatory Diseases, Refractive Disorders, and Other Diseases), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The Report Offers the Value in ( USD Million) for the Abovementioned Segments.

Ophthalmic Devices market is expected to grow at a CAGR Of 10.1% during the forecast period 2024-2031 | DataM Intelligence

Ophthalmology Devices Market Outlook

The global ophthalmology devices market size was valued at approximately USD 56 billion in 2023 and is projected to reach about USD 95 billion by 2032, exhibiting a compound annual growth rate (CAGR) of around 6.2% during the forecast period. The rapid growth of this market can be attributed to the increasing prevalence of ocular diseases, technological advancements in ophthalmic devices, and a growing aging population worldwide. Factors such as rising incidences of age-related macular degeneration, diabetic retinopathy, cataracts, and glaucoma are pushing the demand for advanced diagnostic and surgical solutions, thereby propelling the market growth of ophthalmology devices.

The aging global population is one of the primary drivers of the ophthalmology devices market. As life expectancy increases, the prevalence of age-related eye disorders such as cataracts and glaucoma also rises, creating a substantial demand for both diagnostic and surgical ophthalmic devices. Moreover, changing lifestyle habits, such as increased screen time and exposure to digital screens, have led to a surge in vision-related issues among younger populations, further boosting the demand for ophthalmology solutions. The surge in demand is accelerated by increased healthcare expenditure, innovations in healthcare infrastructure, and the growing awareness regarding eye health which is encouraging regular eye check-ups.

Technological advancements in ophthalmology devices stand as another significant growth factor for the market. The integration of artificial intelligence, machine learning, and robotic systems into ophthalmic devices is revolutionizing the industry by enhancing the accuracy, safety, and efficiency of ophthalmic procedures. Innovations such as femtosecond laser-assisted cataract surgery, advanced intraocular lenses, and minimally invasive surgical techniques are gaining traction, providing faster recovery times and better visual outcomes for patients. These technological strides not only improve patient outcomes but also expand the capabilities of ophthalmology professionals, fueling market expansion.

The robust emergence of teleophthalmology is another key growth factor, especially in remote and underserved regions. With the increasing adoption of digital health platforms, teleophthalmology provides a vital solution for patients who have limited access to in-person eye care services. This trend has been further accelerated by the COVID-19 pandemic, which necessitated the adoption of remote healthcare services globally. Teleophthalmology not only offers convenience but also ensures early detection and treatment of eye disorders, thereby contributing significantly to market growth.

Regionally, the ophthalmology devices market presents diverse dynamics. North America holds a dominant position due to its well-established healthcare infrastructure, high prevalence of eye disorders, and substantial investment in research and development. Meanwhile, the Asia Pacific region is expected to witness the fastest growth during the forecast period, driven by the burgeoning healthcare sector, rapidly aging population, and increasing awareness of eye health. Additionally, favorable government initiatives in emerging markets like India and China are set to boost the adoption of advanced ophthalmology devices. The European market, characterized by high healthcare expenditure and a strong focus on innovation, also remains a significant contributor to the global ophthalmology devices market.

Product Type Analysis

The ophthalmology devices market is broadly segmented into diagnostic and monitoring devices, surgical devices, and vision care devices. Diagnostic and monitoring devices encompass a range of equipment used to assess and diagnose eye conditions, including optical coherence tomography (OCT) machines, fundus cameras, and tonometers. These devices have seen significant growth due to escalating demand for early diagnosis and proactive management of ocular diseases. The continuous evolution in diagnostic technology, such as the incorporation of artificial intelligence for enhanced image recognition and interpretation, is expected to further drive market growth. Additionally, the increasing trend of personalized medicine is fostering innovation in diagnostic tools that allow for tailored treatment plans.

Surgical devices form a crucial segment within the ophthalmology devices market, comprising equipment used for various eye surgeries, such as phacoemulsification systems for cataract surgeries, vitrectomy machines for vitreoretinal procedures, and laser syst

Explore the growth potential of Market Research Intellect's Diagnostic Ophthalmic Devices Market Report, valued at USD 5.3 billion in 2024, with a forecasted market size of USD 8.9 billion by 2033, growing at a CAGR of 7.3% from 2026 to 2033.