The ophthalmic devices market size in 2021 was USD 54.96 billion and will reach USD 83.09 billion by 2030 with a 4.7% CAGR. Ophthalmology is the branch of medicine that deals with physiology, anatomy, and diseases of the eyes. Medical equipment called ophthalmic devices is used in examination, surgery, and vision correction. These devices are growing in importance and usage due to the rising incidence of many ophthalmic disorders like glaucoma, cataracts, and other issues relating to vision.
Ophthalmology Devices Market by Product (Fundus Camera, Autorefractors, Keratometers, Optical Coherence Tomography Scanners, Site Lamps, Ophthalmoscopes, Phoropters, Tonometers, Retinoscopes, Corneal Topography Systems, Wavefront aberrometers, Lensometers), Global Industry Growth and Projections, 2021 – 2030
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Ophthalmic Devices Market Insights
- In 2021, the cataract segment was the biggest market, with a share of nearly 41.6% on the basis of application.
- On the basis of end-user, in 2021 hospital segment ruled the entire market with a share of 76.9%.
- North America led the entire ophthalmic devices market with the largest revenue share of 43% in 2021.
Ophthalmic Devices Market Dynamics
The market is fueled by factors such as the increasing incidence of eye diseases, the rapid growth in the elderly population, technological advancements in ophthalmic devices, favorable government efforts to reduce visual impairment, and rising contact lens and spectacles adoption. However, the ophthalmic devices market is expected to be negatively impacted by factors like the high cost of ophthalmology devices, the growing use of repaired and restored ophthalmic devices, and reductions in funding for ophthalmic surgical procedures.
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Ophthalmic Devices Market Segmentation
The market segmentation of ophthalmic devices is done on the basis of product, application, end-user, and region.
By Product
- Ophthalmic Ultrasound Imaging System
- Fundus Camera
- Autorefractors and Keratometers
- Ophthalmic A-Scan Ultrasound
- Ophthalmic B-Scan Ultrasound
- Optical Coherence Tomography Scanners
- Site Lamps
- Ophthalmoscopes
- Optical Biometry Systems
- Phoropters
- Perimeters/Visual Field Analyzers
- Tonometers
- Ophthalmic Ultrasound Biomicroscope
- Ophthalmic Pachymeters
- Retinoscopes
- Corneal Topography Systems
- Wavefront aberrometers
- Lensometers
- Specular Microscopes
By Application
- Cataract
- Vitreo retinal disorders
- Glaucoma
- Refractor Disorders
By End-User
- Academic and Research Laboratory
- Hospitals and Eye Clinics
- Others
By Region
North America
Europe
- Poland
- United Kingdom
- Spain
- France
- Sweden
- Netherlands
- Italy
- Russia
- Switzerland
- Ireland
- Germany
- Rest of Europe
Asia Pacific
- Singapore
- China
- South Korea
- Japan
- Australia
- Philippines
- Malaysia
- Indonesia
- Thailand
- India
- Rest of Asia Pacific
LAMEA
- Mexico
- Brazil
- Argentina
- Rest of LAMEA
The Middle East and Africa
- Iran
- Israel
- Saudi Arabia
- South Africa
- UAE
- Turkey
- Iran
In 2021, the cataract segment was the biggest market, with a share of nearly 41.6% on the basis of application. It is due to the increasing implementation of ophthalmic devices for surgeries related to cataracts. As per WHO, the primary cause of blindness is cataracts. Cataracts are the cause of nearly 51% of all cases of blindness worldwide.
North America led the entire ophthalmic devices market with the largest revenue share of 43% in 2021. Factors accelerating the growth of the market are the rapidly expanding geriatric population and the increasing incidence of chronic eye conditions due to high stress and unhealthy lifestyles leading to diabetic retinopathy. The ophthalmic devices demand in this region are driven by the adoption of new reimbursement models for ophthalmologic treatment and a strict regulatory framework designed to ensure patient safety.
Key Players in Ophthalmic Devices Market
- Johnson & Johnson Vision
- Alcon Management S.A.
- HEINE Optotechnik GmbH & Co. KG
- NIDEK Co.Ltd.
- Lumenis Be Ltd.
- Zeiss
- Hoya Corporation
- OPHTEC BV
- ClearLab
- Heidelberg Engineering GmbH
- Oculentis
- Glaukos Corporation
- EssilorLuxottica
- Neo Vision Foundation
- Haag-Streit Group
- Topcon
- STAAR Surgical
- Canon India Pvt Ltd.
- Ziemer Ophthalmic Systems
The market value of ophthalmic devices in 2021 was USD 54.96 billion and will reach USD 83.09 billion by 2030 with a 4.7% CAGR. Due to the increase in ocular diseases such as cataracts and glaucoma, the market for ophthalmic devices is growing significantly.
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