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%.

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

The United States Ophthalmic Devices Market Report is Segmented by Device Type (Diagnostic & Monitoring Devices, Surgical Devices, and Vision Care Devices), Disease Indication (Cataract, Glaucoma, Diabetic Retinopathy, Other Disease Indications), End-User (Hospitals, Specialty Ophthalmic Clinics, and More. The Market Forecasts are Provided in Terms of Value (USD).

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

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.

The Brazil Ophthalmic Devices Market Report is Segmented by Device Type (Diagnostic & Monitoring Devices (OCT Scanners, and More), Surgical Devices, and Vision Care Devices), Disease Indication (Cataract, Glaucoma, Diabetic Retinopathy, Other Disease Indications), and End-User (Hospitals, Specialty Ophthalmic Clinics, Ambulatory Surgery Centers (ASCs), Other End-Users), The Market Forecasts are Provided in Terms of Value (USD).

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.

Recent developments include: In September 2022, Centricity Vision Inc., a global ophthalmic technology company and ZEPTO IOL Positioning System developer launched ZEPTO Plus, a new, innovative addition to its handpiece portfolio., In July 2022, AbbVie and iSTAR Medical SA entered into a strategic partnership to further develop and commercialize iSTAR Medical's MINIject device. It is a minimally invasive glaucoma surgical (MIGS) device for patients with glaucoma.. Key drivers for this market are: Increasing Prevalence of Eye Diseases, Technological Advancements in Ophthalmic Devices. Potential restraints include: Risk Associated with Ophthalmic Procedures and Poor Primary Healthcare Infrastructure. Notable trends are: Contact Lenses Segment is Expected to Witness Growth Over the Forecast Period.

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.

Ophthalmic Devices Market size was valued at USD 54.65 Billion in 2024 and is projected to reach USD 73.08 Billion by 2031, growing at a CAGR of 3.7% from 2024 to 2031.

Global Ophthalmic Devices Market Drivers

Aging Population: The demand for ophthalmic devices is driven by the rising prevalence of age-related eye illnesses such cataracts, glaucoma, and macular degeneration brought on by the world's aging population, especially in industrialized nations.

Incidence of Eye problems: The need for corrective and refractive surgery devices is increased by the rising incidence of eye problems, particularly among younger populations, such as myopia, hyperopia, astigmatism, and presbyopia.

Technological Improvements: The effectiveness and safety of eye surgeries and treatments are improved by the rapid improvements in ophthalmic technology, such as laser technology, imaging systems, and minimally invasive surgical procedures. This leads to a boom in the market.

Expenditure on Healthcare: The adoption of modern ophthalmic devices and procedures is supported by rising global healthcare expenditure as well as increased access to healthcare services in emerging economies.

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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 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%

The Japan Ophthalmic Devices Market Report is Segmented by Device Type (Diagnostic & Monitoring Devices, Surgical Devices, and Vision Care Devices), Disease Indication (Cataract, Glaucoma, Diabetic Retinopathy, Other Disease Indications), End-User (Hospitals, Specialty Ophthalmic Clinics, and More. The Market Forecasts are Provided in Terms of Value (USD).

The size of the China Ophthalmic Devices Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 4.50% during the forecast period. The Chinese ophthalmic devices market is a growing sector that is primarily driven by the increasing awareness of eye health, increasing population age, and rising technological inputs. Ophthalmic devices are the medical instruments or equipment used in diagnosing, treating, and managing many eye conditions. These devices include a broad range of products, such as intraocular lenses (IOLs), contact lenses, surgical instruments, diagnostic equipment, and laser systems. IOLs are actually implanted during cataract surgery so that the cloudy lens is replaced by a clear artificial one to regain vision. Contact lenses can correct refractive errors including myopia, hypermetropia, and astigmatism, presenting an option other than eyeglasses. Surgical instruments are necessary for performing surgeries in the eyes like cataract removal, treatment of glaucoma, and repair of retinal detachment. Diagnostic tools comprise an ophthalmoscope, a tonometer, and visual acuity chart to evaluate the general health of the eye as well as any anomalies. The laser systems are involved in many types of eye surgery- laser eye correction, glaucoma treatment and retinal surgery. The Chinese ophthalmic devices market is experiencing tremendous growth due to several reasons. The need for preventive care and treatment has become much more aware of, thus boosting the demand for products related to eye health. The population aged 60 years or above, which usually faces an increased risk of suffering from diseases such as cataract and glaucoma, is another reason for expansion in the market. Additionally, technological advances also influence the invention of better and efficient ophthalmic appliances, thus powering higher growth in the market. Recent developments include: June 2022: Samsara Vision teamed up with Lansheng Medical "MyVision," a China-based ophthalmology company, to create a comprehensive clinical and commercial organization to support Samsara Vision's SING IMTTM (Smaller-Incision New-Generation Implantable Miniature Telescope) in mainland China, Macau, the Hainan Province, and Hong Kong., June 2022: The National Medical Products Administration in China granted Iridex Corporation permission to market and sell its Cyclo G6 platform for the treatment of glaucoma illnesses (NMPA). According to the clearance, Iridex and distribution partners Topcon and Clinico will begin selling the Cyclo G6 system and accompanying probes in China in the third quarter of 2022.. Key drivers for this market are: Increasing Prevalence of Eye Diseases, Technological Advancements in Ophthalmic Devices. Potential restraints include: Risk Associated with Ophthalmic Procedures. Notable trends are: Glaucoma Devices Segment is Expected to Show Better Growth over the Forecast Period.

The United Kingdom Ophthalmic Devices Market Report is Segmented by Device Type (Diagnostic & Monitoring Devices, Surgical Devices, and Vision Care Devices), Disease Indication (Cataract, Glaucoma, Diabetic Retinopathy, Other Disease Indications), End-User (Hospitals, Specialty Ophthalmic Clinics, and More. The Market Forecasts are Provided in Terms of Value (USD).

BCC Research Market Analyst says global market for ophthalmic devices diagnostics and surgical equipment is expected to grow from $32.5 billion in 2023 and forecast to reach $44.0 billion by the end of 2028 at a CAGR of 6.3%.

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

Ophthalmic Devices Market Outlook

According to the latest research, the global ophthalmic devices market size in 2024 stands at USD 62.3 billion, with a robust compound annual growth rate (CAGR) of 5.8% expected through the forecast period. By 2033, the market is projected to reach approximately USD 103.2 billion, reflecting steady expansion driven by rising incidences of eye disorders, technological advancements, and an aging global population. The increasing prevalence of vision impairment and chronic eye diseases, such as cataracts, glaucoma, and diabetic retinopathy, continues to propel the demand for advanced ophthalmic devices worldwide.

One of the primary growth drivers for the ophthalmic devices market is the escalating incidence of ocular diseases, particularly among the elderly. With the global population aging at an unprecedented rate, age-related eye disorders such as cataracts and macular degeneration have become more prevalent. This demographic shift is fueling demand for both diagnostic and surgical ophthalmic devices, as early detection and timely intervention are critical in preventing vision loss. Additionally, rising awareness about eye health and the importance of regular eye check-ups are encouraging more individuals to seek professional care, further boosting the market. The increasing adoption of lifestyle habits that strain vision, such as prolonged screen time and urban pollution, is also contributing to a surge in ophthalmic consultations and procedures.

Another significant factor driving market growth is the rapid advancement in ophthalmic technology. The industry has witnessed remarkable progress in the development of minimally invasive surgical devices, high-precision diagnostic instruments, and innovative vision care products. Technologies such as optical coherence tomography (OCT), femtosecond lasers, and intraocular lenses (IOLs) are revolutionizing both diagnosis and treatment. These innovations not only enhance the accuracy and efficiency of ophthalmic procedures but also improve patient outcomes and satisfaction. Furthermore, the integration of artificial intelligence (AI) and telemedicine in ophthalmology is making eye care more accessible, especially in remote and underserved regions, thus expanding the market’s reach.

The market is also benefiting from increased healthcare expenditure and supportive government initiatives aimed at reducing the burden of blindness and visual impairment. Many countries are implementing national programs for the prevention and control of eye diseases, which include regular screening, subsidized treatments, and public awareness campaigns. These initiatives are particularly impactful in developing regions, where access to quality eye care has traditionally been limited. Moreover, partnerships between public health organizations and private sector players are facilitating the distribution of affordable ophthalmic devices, further stimulating market growth. Collectively, these factors are creating a favorable environment for sustained expansion in the global ophthalmic devices market.

Regionally, North America continues to dominate the ophthalmic devices market, accounting for the largest share in 2024. This is attributed to the high prevalence of chronic eye conditions, advanced healthcare infrastructure, and significant investments in research and development. Europe follows closely, with strong demand driven by its aging population and widespread adoption of innovative technologies. The Asia Pacific region, however, is expected to exhibit the fastest growth over the forecast period, propelled by rising healthcare awareness, improving access to eye care, and increasing healthcare spending. Latin America and the Middle East & Africa are also witnessing steady growth, supported by government initiatives and growing private sector involvement in healthcare delivery.

Product Type Analysis

The ophthalmic devices market is segmented by product type into diagnostic and monitoring devices, surgical devices, and vision care products. Diagnostic and monitoring devices, such as fundus cameras, optical coherence tomography (OCT) scanners, and tonometers, play a crucial role in the early detection and management of eye diseases. The demand for these devices is being driven by the rising prevalence of chronic eye conditions and the growing emphasis on preventive healthcare. Healthcare providers are increasingly

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

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.