Ophthalmic Devices Market by Surgical (Implants, Consumables, Equipment), by End User (Hospitals, Ophthalmic Clinics, Others), by By Geography (North America), by Europe (By Product, By End User, By Country/Sub-region), by Asia Pacific (By Product, By End User, By Country/Sub-region), by Latin America (By Product, By End User, By Country/Sub-region), by The Middle East & Africa (By Product, By End User, By Country/Sub-region) Forecast 2024-2032
The Ophthalmic Devices Market size was valued at USD 25.04 USD billion in 2023 and is projected to reach USD 96.20 USD billion by 2032, exhibiting a CAGR of 21.2 % during the forecast period. Rising prevalence of eye diseases, technological advancements, and increasing healthcare expenditure are driving the market's growth. Ophthalmic devices are special instruments used for the diagnosis, treatment, and management of eye disorders and problems of vision. These instruments comprise diagnostic tools such as ophthalmoscopes, auto-refractors, and optical coherence tomography machines that aid in the identification of diseases like glaucoma, macular degeneration, and diabetic retinopathy. Other therapeutic devices in this area include lasers used in corrective surgeries like LASIK, intraocular lenses in cataract surgery, and contact lenses. The rising prevalence of eye diseases, the ageing population, and technology drive the ophthalmic device market. Innovations in minimally invasive surgical instruments, advanced imaging systems, and smart contact lenses improve patient outcomes by extending treatment options. As major companies in the market intensify their research and development to introduce products that are more accurate, safer, and easier to use, the future for the ophthalmic devices sector is bright, improving eye care around the world.
Surgical:
End User:
The report provides in-depth analysis and insights on the following aspects of the ophthalmic devices market:
The ophthalmic devices market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America holds the largest market share, followed by Europe. Asia-Pacific is expected to witness the fastest growth rate during the forecast period.
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 21.2% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 21.2% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
Primary Research
Secondary Research
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During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
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