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The Impact Of Increasing Incidence And Prevalence Of Eye Diseases On The Ophthalmic Devices Market: Key Factor Driving The Growth In The Ophthalmic Devices Market
Ophthalmic Devices
What Is the Expected Ophthalmic Devices Market Size During the Forecast Period?
The ophthalmic devices market has seen rapid growth, increasing from $46.68 billion in 2024 to $51.75 billion in 2025 at a CAGR of 10.9%. This growth is due to an aging population, a rise in eye diseases, regulatory changes, and the expansion and improvement of healthcare infrastructure.
The ophthalmic devices market is expected to witness strong growth, reaching $70.64 billion in 2029 with a CAGR of 8.1%. Rising diabetes cases, remote monitoring, emerging markets, minimally invasive techniques, and genetic advancements will fuel this growth. Major trends include AI tools, wearables, teleophthalmology, eco-friendly innovations, and patient-focused care.
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What Are the High-Growth Segments in the Ophthalmic Devices Market?
The ophthalmic devices market covered in this report is segmented -
1) By Type: Vision Care Devices And Equipment, Cataract Surgery Devices And Equipment, Refractive Surgery Devices And Equipment, Diagnostic And Monitoring Ophthalmic Devices And Equipment
2) By Type of Expenditure: Public, Private
3) By Product: Instruments/Equipment, Disposables
4) By End User: Hospitals And Clinics, Diagnostic Laboratories, Other End Users
Subsegments:
1) By Vision Care Devices And Equipment: Eyeglasses, Contact Lenses, Low Vision Aids
2) By Cataract Surgery Devices And Equipment: Cataract Surgery Instruments, Cataract Surgery Implants (Intraocular Lenses), Cataract Surgery Devices (Phacoemulsification Systems)
3) By Refractive Surgery Devices And Equipment: LASIK Devices, SMILE Surgery Devices, PRK Surgery Devices
4) By Diagnostic And Monitoring Ophthalmic Devices And Equipment: Fundus Cameras, Optical Coherence Tomography (OCT) Scanners, Perimeters, Retinal Imaging Systems, Slit Lamps
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What Key Drivers Are Expected to Influence Future Ophthalmic Devices Market Growth?
The ophthalmic device market is expected to grow due to the increasing prevalence of eye disorders like glaucoma, cataracts, and macular degeneration. These conditions are major causes of visual impairment worldwide, and ophthalmic devices are essential for their diagnosis and treatment. According to the NHS in August 2024, sight tests funded by the organization reached over 841,000, reflecting a 6.6% year-over-year increase, signaling growing use of ophthalmic devices.
Which Companies Hold the Largest Share Across Different Ophthalmic Devices Market Segments?
Major companies operating in the ophthalmic devices market include Luxottica Group S.p.A., Johnson & Johnson, Hoya Corporation, CooperVision AG, Bausch Health Companies Inc., Carl Zeiss AG, Flex Ltd., Nidek Co. Ltd., Topcon Corporation, Rostec State Corporation, Alcon Inc., EssilorLuxottica, Novartis AG, Pfizer Inc., Regeneron Pharmaceuticals Inc., Roche Holding AG, Takeda Pharmaceuticals, AbbVie Inc., Otsuka Pharmaceutical Co. Ltd., Edwards Lifesciences Corp., Santen Pharmaceutical Co. Ltd., Rohto Pharmaceutical Co. Ltd., Veeva System Inc., Recipharm AB, Menicon Co. Ltd., Chengdu Kanghong Pharmaceutical, Bangladesh Export Import Company Limited, Glaukos Corporation, STAAR Surgical Company, Omeros Corporation, Aerie Pharmaceuticals Inc., Alimera Sciences Inc., Bora Pharmaceuticals Co. Ltd., Iridex.
What Are the Latest Developing Trends in the Ophthalmic Devices Market?
Technological innovations are becoming a prominent trend in the ophthalmic devices market, with leading companies focusing on advanced diagnostic and treatment solutions. For example, in March 2022, Alcon introduced its Clareon family of intraocular lenses (IOLs) in the U.S., featuring a glistening-free material that provides sharp vision and reduces glare and posterior capsular opacification.
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What Are the Emerging Geographies for The Ophthalmic Devices Market Growth?
North America was the largest region in the global ophthalmic devices market in 2023. Asia-Pacific was the second largest region in the global ophthalmic devices market. Africa. was the smallest region in the global ophthalmic devices market. The regions covered in the ophthalmic devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Ophthalmic Devices Market?
2. What is the CAGR expected in the Ophthalmic Devices Market?
3. What Are the Key Innovations Transforming the Ophthalmic Devices Industry?
4. Which Region Is Leading the Ophthalmic Devices Market?
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Ophthalmology is a branch of medical sciences that deals with the structure, function, and various eye diseases. The ophthalmic devices are medical equipment designed for diagnosis, surgical, and vision correction purposes. These devices gain increased importance and adoption due to high prevalence of various ophthalmic diseases such as glaucoma, cataract, and other vision related issues.
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Increase in prevalence rate of eye related diseases such as glaucoma, cataract,…
