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Global Ophthalmic Devices Market Size, Growth, Statistics: By Product Type: Ophthalmic Surgical Devices, Ophthalmic Diagnostic and Monitoring Devices, Ophthalmic Vision Care Devices; By Applications: Cataract, Vitreo retinal disorders, Glaucoma, Refractor Disorders, Others; By End User; Regional Analysis; Supplier Landscape; 2024-2032
Global Ophthalmic Devices Market Outlook
The global ophthalmic devices market size attained a value of USD 52.98 billion in 2023. The market is further expected to grow at a CAGR of 4.5% during the forecast period of 2024-2032, likely to attain a value of USD 78.74 billion by 2032.
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Increasing Demand for Surgical Devices to Augment the Ophthalmic Devices Industry Growth
Based on product function, the surgical devices segment accounts for a significant share in the ophthalmic devices industry. This can be attributed to an increase in the number of chronic diseases and an exponentially growing geriatric population.
The healthcare segment has witnessed a rise in surgeries to treat diseases such as cataract, glaucoma, detached retinas, retinal tears, near-sightedness, far-sightedness, and diabetic retinopathy, which is enhancing the demand for surgical devices, and, in turn, providing a boost to the market.
North America Expected to Witness a Significant Growth Owing to Rising Chronic Eye Diseases Among the Geriatric Population
Region-wise, North America is expected to witness a robust growth over the forecast period owing to a growing geriatric population and rising vision-related diseases such as cataract, glaucoma, and age-related macular degeneration. The elderly population is constantly investing in vision care devices to treat eye disorders, which is expected to provide a boost to the market. Moreover, the region has a well-developed healthcare sector and a high awareness related to ophthalmic diseases and devices, which is further expected to propel the market growth in North America.
Ophthalmic Devices: Market Segmentation
Ophthalmic devices refer to medical equipment used for diagnosis, surgery, and vision correction. The rising number of chronic eye diseases and other vision-related issues such as glaucoma, detached retinas, retinal tears, diabetic retinopathy, and cataract among the growing population worldwide is enhancing the adoption of these devices.
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By product function, the market is divided into:
- Surgical Devices
- Refractive Error Surgical Devices
- Glaucoma Surgical Devices
- Cataract Surgical Devices
- Vitreoretinal Surgical Devices
- Diagnostic Devices
- Refractors
- Corneal Topography Systems
- Retinal Ultrasound Systems
- Fundus Camera
- Ophthalmoscopes
- Optical Coherence Tomography Systems
- Perimeters
- Slit lamps
- Tonometer
- Vision Care Devices
- Contact Lenses
- Spectacle Lenses
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Chronic Eye Diseases and the Growing Geriatric Population to Bolster the Growth of the Ophthalmic Devices Industry
In recent years, the world has witnessed a rise in number of chronic eye diseases owing to changing lifestyle patterns and diseases related to diabetes and hypertension such as diabetic retinopathy and ocular hypertension. The growing number of diseases is compelling patients to adopt ophthalmic devices, such as vision care devices, to improve their vision. Moreover, the rising vision related disorders are also pressurising healthcare officials to spread awareness regarding these diseases and their treatment, which is providing a further boost to the market. However, rural populations cannot easily access such devices due to their lack of awareness and price factors, which is may hamper the market growth.
Over the forecast period, the major market players are expected to invest in research and development activities to develop cost-effective and innovative devices for accurate eye treatment, which is expected to favour the industry growth. Further, various government programmes such as the FDA’s Research on Ophthalmology Medical Devices and the Indian Government’s National Programme for Control of Blindness in India is expected to assist the market growth.
Key Industry Players in the Global Ophthalmic Devices Market
The report gives a detailed analysis of the following key players in the global ophthalmic devices market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Carl Zeiss Meditec AG
- Essilor International S.A.
- Haag-Streit Holding
- Hoya Corporation
- NIDEK CO., LTD.
- Bausch Health Companies Inc.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
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| Breakup by Applications |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Supplier Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage – Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Ophthalmic Devices Market Overview
3.1 Global Ophthalmic Devices Market Historical Value (2017-2023)
3.2 Global Ophthalmic Devices Market Forecast Value (2024-2032)
4 Global Ophthalmic Devices Market Landscape
4.1 Global Ophthalmic Devices Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Ophthalmic Devices Product Landscape
4.2.1 Analysis by Product Type
4.2.2 Analysis by Applications
4.2.3 Analysis by End User
5 Global Ophthalmic Devices Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Ophthalmic Devices Market Segmentation
6.1 Global Ophthalmic Devices Market by Product Type
6.1.0 Ophthalmic Surgical Devices
6.1.0.0 Refractive Error Surgical Devices
6.1.0.1 Glaucoma Surgical Devices
6.1.0.2 Cataract Surgery Devices
6.1.0.3 Vitreoretinal Surgical Devices
6.1.1 Ophthalmic Diagnostic and Monitoring Devices
6.1.1.0 Refractors
6.1.1.1 Corneal Topography Systems
6.1.1.2 Retinal Ultrasound Systems
6.1.1.3 Fundus Camera
6.1.1.4 Ophthalmoscopes
6.1.1.5 Optical Coherence Tomography Systems
6.1.1.6 Perimeters
6.1.1.7 Slit Lamps
6.1.1.8 Tonometer
6.1.2 Ophthalmic Vision Care Devices
6.1.2.0 Contact Lenses
6.1.2.1 Spectacle Lenses
6.2 Global Ophthalmic Devices Market by Applications
6.2.0 Market Overview
6.2.1 Cataract
6.2.2 Vitreo retinal disorders
6.2.3 Glaucoma
6.2.4 Refractor Disorders
6.2.5 Others
6.3 Global Ophthalmic Devices Market by End User
6.3.0 Market Overview
6.3.1 Hospitals and Eye Clinics
6.3.2 Academic and Research Centres
6.3.3 Others
6.4 Global Ophthalmic Devices Market by Region
6.4.1 Market Overview
6.4.2 North America
6.4.3 Europe
6.4.4 Asia Pacific
6.4.5 Latin America
6.4.6 Middle East and Africa
7 North America Ophthalmic Devices Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Ophthalmic Devices Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Ophthalmic Devices Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.5 ASEAN
9.6 Australia
9.7 Others
10 Latin America Ophthalmic Devices Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Ophthalmic Devices Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Patent Analysis
12.1 Analysis by Type of Patent
12.2 Analysis by Publication year
12.3 Analysis by Issuing Authority
12.4 Analysis by Patent Age
12.5 Analysis by CPC Analysis
12.6 Analysis by Patent Valuation
12.7 Analysis by Key Players
13 Grants Analysis
13.1 Analysis by year
13.2 Analysis by Amount Awarded
13.3 Analysis by Issuing Authority
13.4 Analysis by Grant Application
13.5 Analysis by Funding Institute
13.6 Analysis by NIH Departments
13.7 Analysis by Recipient Organization
14 Funding Analysis
14.1 Analysis by Funding Instances
14.2 Analysis by Type of Funding
14.3 Analysis by Funding Amount
14.4 Analysis by Leading Players
14.5 Analysis by Leading Investors
14.6 Analysis by Geography
15 Partnership and Collaborations Analysis
15.1 Analysis by Partnership Instances
15.2 Analysis by Type of Partnership
15.3 Analysis by Leading Players
15.4 Analysis by Geography
16 Regulatory Framework
16.1 Regulatory Overview
16.1.1 US FDA
16.1.2 EU EMA
16.1.3 INDIA CDSCO
16.1.4 JAPAN PMDA
16.1.5 Others
17 Supplier Landscape
17.1 Essilor International
17.1.0 Financial Analysis
17.1.1 Product Portfolio
17.1.2 Demographic Reach and Achievements
17.1.3 Mergers and Acquisitions
17.1.4 Certifications
17.2 Alcon Inc.
17.2.0 Financial Analysis
17.2.1 Product Portfolio
17.2.2 Demographic Reach and Achievements
17.2.3 Mergers and Acquisitions
17.2.4 Certifications
17.3 Johnson & Johnson
17.3.0 Financial Analysis
17.3.1 Product Portfolio
17.3.2 Demographic Reach and Achievements
17.3.3 Mergers and Acquisitions
17.3.4 Certifications
17.4 HOYA Corporation
17.4.0 Financial Analysis
17.4.1 Product Portfolio
17.4.2 Demographic Reach and Achievements
17.4.3 Mergers and Acquisitions
17.4.4 Certifications
17.5 Bausch & Lomb Incorporated
17.5.0 Financial Analysis
17.5.1 Product Portfolio
17.5.2 Demographic Reach and Achievements
17.5.3 Mergers and Acquisitions
17.5.4 Certifications
17.6 Carl Zeiss Meditec AG
17.6.0 Financial Analysis
17.6.1 Product Portfolio
17.6.2 Demographic Reach and Achievements
17.6.3 Mergers and Acquisitions
17.6.4 Certifications
17.7 Neo Vision Foundation
17.7.0 Financial Analysis
17.7.1 Product Portfolio
17.7.2 Demographic Reach and Achievements
17.7.3 Mergers and Acquisitions
17.7.4 Certifications
17.8 Lumenis BE Ltd.
17.8.0 Financial Analysis
17.8.1 Product Portfolio
17.8.2 Demographic Reach and Achievements
17.8.3 Mergers and Acquisitions
17.8.4 Certifications
17.9 ClearLab
17.9.0 Financial Analysis
17.9.1 Product Portfolio
17.9.2 Demographic Reach and Achievements
17.9.3 Mergers and Acquisitions
17.9.4 Certifications
17.10 OPHTEC BV
17.10.0 Financial Analysis
17.10.1 Product Portfolio
17.10.2 Demographic Reach and Achievements
17.10.3 Mergers and Acquisitions
17.10.4 Certifications
17.11 HEINE Optotechnik GmbH & Co. KG
17.11.0 Financial Analysis
17.11.1 Product Portfolio
17.11.2 Demographic Reach and Achievements
17.11.3 Mergers and Acquisitions
17.11.4 Certifications
17.12 Topcon Corporation
17.12.0 Financial Analysis
17.12.1 Product Portfolio
17.12.2 Demographic Reach and Achievements
17.12.3 Mergers and Acquisitions
17.12.4 Certifications
17.13 Glaukos Corporation
17.13.0 Financial Analysis
17.13.1 Product Portfolio
17.13.2 Demographic Reach and Achievements
17.13.3 Mergers and Acquisitions
17.13.4 Certifications
17.14 Haag-Streit Group
17.14.0 Financial Analysis
17.14.1 Product Portfolio
17.14.2 Demographic Reach and Achievements
17.14.3 Mergers and Acquisitions
17.14.4 Certifications
17.15 NIDEK Co. Ltd.
17.15.0 Financial Analysis
17.15.1 Product Portfolio
17.15.2 Demographic Reach and Achievements
17.15.3 Mergers and Acquisitions
17.15.4 Certifications
17.16 STAAR Surgical
17.16.0 Financial Analysis
17.16.1 Product Portfolio
17.16.2 Demographic Reach and Achievements
17.16.3 Mergers and Acquisitions
17.16.4 Certifications
17.17 Ziemer Ophthalmic Systems AG
17.17.0 Financial Analysis
17.17.1 Product Portfolio
17.17.2 Demographic Reach and Achievements
17.17.3 Mergers and Acquisitions
17.17.4 Certifications
17.18 Heidelberg Engineering GmbH
17.18.0 Financial Analysis
17.18.1 Product Portfolio
17.18.2 Demographic Reach and Achievements
17.18.3 Mergers and Acquisitions
17.18.4 Certifications
17.19 Canon
17.19.0 Financial Analysis
17.19.1 Product Portfolio
17.19.2 Demographic Reach and Achievements
17.19.3 Mergers and Acquisitions
17.19.4 Certifications
18 Global Ophthalmic Devices Market - Distribution Model (Additional Insight)
18.1 Overview
18.2 Potential Distributors
18.3 Key Parameters for Distribution Partner Assessment
19 Key Opinion Leaders (KOL) Insights (Additional Insight)
20 Company Competitiveness Analysis (Additional Insight)
20.1 Very Small Companies
20.2 Small Companies
20.3 Mid-Sized Companies
20.4 Large Companies
20.5 Very Large Companies
21 Payment Methods (Additional Insight)
21.1 Government Funded
21.2 Private Insurance
21.3 Out-of-Pocket
*Additional insights provided are customisable as per client requirements.
Key Questions Answered in the Report
The ophthalmic devices market was valued at USD 52.98 billion in 2023.
The market is expected to grow at a CAGR of 4.5% from 2024 to 2032 to reach a value of USD 78.74 billion by 2032.
The major drivers of the industry, such as the growing geriatric population, rising vision-related chronic diseases, investments in research and development (R&D) activities, and rising awareness of eye-related diseases and their treatments, are expected to aid the market growth.
The key market trends guiding the growth of the industry include the growing technological advancements in the ophthalmic devices sector and the rising government initiatives to tackle eye related disorders.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major segments based on product function in the industry include surgical devices, diagnostic devices, and vision care devices.
The major players in the industry are Carl Zeiss Meditec AG, Essilor International S.A., Haag-Streit Holding, Hoya Corporation, NIDEK CO., LTD., Bausch Health Companies Inc., and others.
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