Ophthalmology Devices Market Growth, Size, Share, Trends, and Forecast 2032

The global Ophthalmology Devices market size accrued earnings worth approximately USD 40.38 Billion in 2023 and is predicted to gain revenue of about USD 65.49 Billion by 2032, is set to record a CAGR of nearly 5.52% over the period from 2024 to 2032. The study includes the drivers and restraints of the ophthalmology devices market along with their impact on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the ophthalmology devices market on a global level.

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In order to give the users of this report a comprehensive view of the ophthalmology devices market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness.

The report provides company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launch, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the market.

Ophthalmology is the science stream that deals with the physiology, diseases, and anatomy of the eyes. Ophthalmological devices are instruments that are used either for vision correction or during diagnosis and surgeries related to the eye.

According to the WHO, in 2018, about 1.3 billion people globally live with a form of vision or eye impairment. Additionally, about 80% of the total vision impairments are avoidable. High prevalence of vision impairment and increase in eye disorders occurrences due to digitalization are the major factors fueling the global ophthalmology devices market growth. The technological advancements in the devices, increase in geriatric population that suffers from low vision problems, rise in the introduction of reimbursement policies by the government, and growth in the establishment of ophthalmic clinics and centers in both developing and under-developed countries are also driving the global market for ophthalmology devices. Furthermore, the increasing government initiatives for treating eye disorders are also boosting the global ophthalmology devices market development. However, the high cost of these devices, the dearth of qualified ophthalmologists, and the growing use of refurbished devices may hinder this market’s growth.

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Ophthalmology Devices Market: Report Scope

Ophthalmology Devices Market: Segmentation

The study provides a decisive view of the ophthalmology devices market by segmenting it on the basis of products, end-user, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

Based on product, the ophthalmology devices market includes diagnostics and monitoring devices, surgical instruments, and vision care products. The diagnostics and monitoring devices segment further divided into fundus camera, retinoscope, tonometer, pachymeter ophthalmoscope, optical coherence tomography scanner, biometer, and autorefractor. Surgical instruments are sub-segmented into refractive error surgical devices, glaucoma surgical devices, and cataract and vitreoretinal surgical devices. The vision care products segment further includes spectacle and contact lenses.

By end-user, the market is categorized into ophthalmic clinics and centers, ambulatory surgical centers, and hospitals. The increasing establishment of ophthalmic centers and clinics is mainly driving the ophthalmic clinics and centers segment growth.

Ophthalmology Devices Market: Regional Analysis

The regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

North America is projected to dominate the global ophthalmology devices market, owing to the early introduction of highly developed techniques, increasing prevalence of eye defects due to lifestyle changes, and introduction of supportive reimbursement policies by the government. The Asia Pacific ophthalmology devices market is anticipated to register the highest growth rate in the upcoming years, owing to rising investments and funding by government, the establishment of ophthalmic clinics and centers in India and China, and a large number of people suffering from various eye defects and disorders.

Ophthalmology Devices Market: Competitive Analysis

Some major players involved in the global ophthalmology devices market are

• Johnson & Johnson Vision Care
• Alcon
• Carl Zeiss Meditec
• Ziemer Ophthalmic Systems
• Essilor
• Bausch + Lomb
• NIDEK
• HOYA
• TOPCON
• Haag-Streit

This report segments the global ophthalmology devices market into:

Global Ophthalmology Devices Market: Product Analysis

• Diagnostics and Monitoring Devices

• Fundus Camera
• Optical Coherence Tomography Scanner
• Retinoscope
• Tonometer
• Pachymeter Ophthalmoscope
• Biometer
• Autorefractor

• Surgical Instruments

• Refractive Error Surgery Devices
• Glaucoma Surgery Devices
• Cataract and Vitreoretinal Surgery Devices

• Vision Care Products

• Contact Lenses
• Spectacle Lenses

Global Ophthalmology Devices Market: End-User Analysis

• Hospitals
• Ophthalmic Clinics and Centers
• Ambulatory Surgical Centers

Global Ophthalmology Devices Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa