Global Ophthalmic Devices Market Report Size and Share Analysis - Growth Trends and Forecast Report 2025-2033

Global Ophthalmic Devices Market Trends & Summary

Global Ophthalmic Devices Market was around USD 7.08 billion in 2024 and is expected to be USD 10.58 billion by 2033, expanding at a compound annual growth rate (CAGR) of 4.56% from 2025 to 2033. Growth in the market is fueled by growing cases of eye disorders, technology, and the growing demand for vision correction treatments, such as spectacles, contact lenses, and surgical instruments.

Global Ophthalmic Devices Market Forecast Report by Surgical Devices (Glaucoma Drainage Devices, Glaucoma Stents and Implants, Intraocular Lenses, Lasers, Other Surgical Devices), Diagnostic and Monitoring Devices (Autorefractors and Keratometers, Corneal Topography Systems, Ophthalmic Ultrasound Imaging Systems, Ophthalmoscopes, Optical Coherence Tomography Scanners, Other Diagnostic and Monitoring Devices), Vision Correction Devices (Spectacles, Contact Lenses), Country and Company Analysis 2025-2033.

Global Ophthalmic Devices Market Outlooks

Ophthalmic devices are medical gadgets specifically designed to diagnose, treat, and control a range of eye diseases and vision disorders. Ophthalmic devices comprise diagnostic equipment such as ophthalmoscopes, autorefractors, and keratometers and surgical devices including intraocular lenses (IOLs), lasers, and glaucoma drainage devices. Correctional solutions like spectacles and contact lenses are also classified under ophthalmic devices.

These devices play a critical role in treating prevalent eye conditions like cataracts, glaucoma, refractive errors, and diabetic retinopathy. With the growing global aging population and increasing rates of vision impairment, ophthalmic devices are increasingly popular all over the world. Advances in technology, such as AI-based diagnostics and minimally invasive eye procedures, further enhance their usage. Advanced healthcare infrastructure of developed countries drives the market, with emerging nations expanding access to ophthalmic care through government programs. With increasing awareness of eye health and vision correction needs, the global ophthalmic devices market will see steady growth in the future years.

Growth Drivers in the Global Ophthalmic Devices Market

Increasing Prevalence of Eye Disorders and Growing Population

The growing incidence of eye conditions like cataracts, glaucoma, and age-related macular degeneration (AMD) is a major growth driver for the ophthalmic devices market. As the global population ages, demand for vision care products is accelerating. The World Health Organization (WHO) states that more than 2.2 billion individuals have vision impairment or blindness, most of whom are older. The increase in diabetes-related eye conditions, including diabetic retinopathy, also increases the demand for ophthalmic devices. With the rise in life expectancy, there is an increased demand for sophisticated diagnostic and surgical equipment, further fueling the ongoing growth of the ophthalmic devices market globally. According to WHO, by 2030, 1 in every 6 individuals worldwide will be 60 years or older, up from 1 billion in 2020 to 1.4 billion. By 2050, this population will grow to 2.1 billion, and the number of individuals aged 80 and above will triple to 426 million.

Technological Innovation and Development in Ophthalmic Devices

The rapid growth of ophthalmic technology has transformed eye care diagnostics and treatment. Technologies like femtosecond laser-assisted cataract surgery, artificial intelligence (AI)-based diagnostic devices, and minimally invasive glaucoma surgery (MIGS) devices have dramatically enhanced patient outcomes. High-resolution imaging platforms, optical coherence tomography (OCT), and robot-assisted eye surgery are improving precision and efficiency in ophthalmology. Smart contact lenses and computer vision correction are also creating new possibilities in the market. Through research and combination with AI and robotics, the ophthalmic devices market is ready for sustainable growth, delivering more precise, effective, and patient-friendly treatments. October 11, 2024, RetinAI US, Inc., its parent Ikerian AG's subsidiary, introduced the AI-driven RetinAI Discovery for Clinics software platform in ophthalmic (MD) and optometric (OD) clinics versions. RetinAI, a Swiss and U.S.-based subsidiary of Ikerian, aims to improve clinic workflows, research, and pharmaceuticals through computer vision and machine learning.

Growing Awareness and Government Programs for Eye Health

Growing consciousness regarding the health of the eyes, coupled with initiatives taken by the government and not-for-profit initiatives, is driving the ophthalmic devices market. Different international and national associations like the WHO and the International Agency for the Prevention of Blindness (IAPB) are making efforts towards curbing preventable blindness via programs facilitating early diagnosis and cure. Developing country governments are developing vision care infrastructure, raising availability of economical treatments for the eyes. Furthermore, public-private initiatives are contributing to enhancing eye care services in underserved communities, further increasing demand for ophthalmic devices in both the developed and emerging economies. May 2024, The World Health Organization (WHO) launches SPECS 2030, a new program with the aim of expanding access to suitable spectacles by 40%. Launch would occur at a 2-day gathering in Geneva, Switzerland, and would feature more than 100 attendees representing Member States, UN agencies, academia, and NGOs.

Difficulties Faced by the Global Ophthalmic Devices Market

Excessive Expense of High-End Ophthalmic Equipment and Procedures

Among the global ophthalmic devices market challenges is the very high expense that goes with state-of-the-art diagnostic and surgery apparatus. Equipment like femtosecond lasers, intraocular lenses, and robotic surgical instruments are a high-ticket item and therefore beyond the reach of most medical establishments, particularly in economically backward areas. Patients also find it difficult to afford eye surgeries like LASIK and cataract surgeries because of the modest insurance coverage. The expense creates a barrier to growth in the market and also denies people access to good quality eye care, especially in developing nations where healthcare is limited by stringent budgets.

Shortage of Trained Ophthalmologists and Eye Care Specialists

The rising need for eye care services is countered by a shortage of skilled ophthalmologists and optometrists, making it a serious challenge in the ophthalmic devices market. Most areas, particularly in developing nations, suffer from a shortage of specialized experts who can effectively utilize sophisticated ophthalmic devices for diagnosis and treatment. Training for high-technology ophthalmic equipment is also in short supply, with resulting underuse of available technologies. The lack of skilled human resources hampers early treatment and diagnosis, affecting patient results and slowing adoption of innovative ophthalmic technology. Widespread expansion of training programs and enhanced availability of the workforce remain essential to eliminating this deficiency.

Global Ophthalmic Glaucoma Drainage Devices Market

The market for ophthalmic glaucoma drainage devices is growing with the rising incidence of glaucoma, a major cause of irreversible blindness globally. Conventional treatments such as eye drops are usually ineffective in achieving long-term pressure control, which creates demand for surgical options. Minimally invasive glaucoma surgery (MIGS) devices, trabecular micro-bypass stents, and tube shunts are gaining popularity for their potential to enhance fluid drainage and lower intraocular pressure. Advances in drainage implants and greater awareness of early glaucoma detection are contributing to market expansion. With more patients opting for effective and long-term glaucoma management treatments, demand for these specialty ophthalmic devices is anticipated to increase.

Global Intraocular Lenses Market

The world market for intraocular lenses (IOLs) is growing with high intensity due to the high volume of cataract surgery performed across the globe. Improvements in lens technology have boosted the demand for premium IOLs like multifocal, toric, and extended-depth-of-focus (EDOF) IOLs to correct vision for more than one distance. Market demand is supported by the large population of old people, increasing awareness regarding treatment of cataract, and advances in techniques like femtosecond laser-assisted cataract surgery. Also, government initiatives supporting low-cost cataract surgery in developing nations are fueling IOL uptake. The shift towards personalized vision correction solutions further fuels growth in this market.

Ophthalmic Autorefractors and Keratometers Devices Market

The market for ophthalmic autorefractors and keratometers is expanding with the development of automated eye examination technology. The devices enable quick and precise measurement of refractive errors and corneal curvature, enhancing the productivity of eye exams. Growing incidence of myopia, hyperopia, and astigmatism, especially in younger age groups, is fueling the demand for these diagnostic devices. Optical centers, hospitals, and eye care centers are increasingly switching to autorefractors coupled with artificial intelligence (AI) for higher accuracy. Increasing digital eye strain and issues related to screens are causing a growing need for rapid and accurate refractive evaluation, which is driving market growth further.

Global Ophthalmoscopes Devices Market

Ophthalmoscopes are crucial for retinal testing and early detection of conditions like diabetic retinopathy, glaucoma, and macular degeneration. The rising incidence of these diseases of the eyes, coupled with an increase in diabetes cases, is fueling demand for ophthalmoscope equipment. New technological developments, such as digital and AI-powered ophthalmoscopes, are improving diagnostic accuracy and efficiency. Smartphone-compatible and portable ophthalmoscopes are becoming increasingly popular, especially in telemedicine use. The growth of ophthalmic services in developing markets and greater emphasis on regular eye check-ups also contribute to market growth.

Global Spectacles Ophthalmic Devices Market

The global spectacles market is growing rapidly with the rising incidence of refractive errors, digital eye strain, and fashion trends. The increase in screen time exposure has created increased demand for blue-light filtering lenses, especially among young people. Technological advancements in lens coatings, light materials, and smart glasses technology are leading to market innovation. Moreover, online platforms are increasing the availability of prescription glasses, further stimulating sales. The increasing population of elderly people who need vision correction and growing awareness of eye care continue to drive the growth of the spectacles market globally.

Global Contact Lenses Ophthalmic Devices Market

The contact lenses market across the globe is changing with advances in lens material, comfort, and specialty lenses. Silicone hydrogel contact lenses offer increased oxygen permeability, promoting longer-term eye health. Disposable daily lenses are popularizing because they are convenient and hygienic. Smart contact lenses with AR technology and glucometer sensors are also likely to transform the market. Greater demand for decorative colored lenses and specialty lenses to correct astigmatism and presbyopia is also fueling growth. The growth of e-commerce channels for the distribution of contact lenses further increases market accessibility.

United States Ophthalmic Devices Market

The United States leads the ophthalmic devices market owing to its developed healthcare infrastructure, high penetration of advanced eye care technologies, and increasing geriatric population. The availability of top-notch medical device companies, comprehensive insurance coverage for eye care treatments, and strong research programs drive market growth. Growing awareness of preventive eye care and increasing LASIK and cataract surgeries further fuel demand. Growth in teleophthalmology and AI-based diagnostics is also revolutionizing the sector. March 2025, Bausch + Lomb has introduced Arise, an intelligent, cloud-based lens fitting system for orthokeratology that simplifies lens design. Arise synchronizes with topographers to generate accurate lens designs in seconds for the treatment of myopia. It features the first FDA-approved toric peripheral curve orthokeratology lens for treatment of myopia overnight.

France Ophthalmic Devices Market

France ophthalmic devices market is growing with its highly developed healthcare system and aging population susceptible to eye diseases such as cataracts, glaucoma, and macular degeneration. The government of France offers high levels of funding for eye care, and therefore, there is widespread access to high-tech diagnostic and surgical techniques. Moreover, the increasing need for refractive procedures, such as LASIK and intraocular lens (IOL) implants, is driving market growth. France is also a center for ophthalmic research, driving innovation in AI-aided diagnosis and minimally invasive treatments. In April 2022, The French ophthalmology firm, Théa, launched a portfolio of over-the-counter products in France and strengthened its position in the USA.

India Ophthalmic Devices Market

India's market for ophthalmic devices is growing very rapidly because of growing eye ailments like cataract, diabetic retinopathy, and refractive errors. As India is inhabited by more than 1.4 billion population, a massive number of eyes need to be corrected, promoting demand for spectacle, contact lens, and surgeries. Government schemes such as the National Programme for Control of Blindness & Visual Impairment (NPCBVI) are enhancing access to eye care, especially in rural India. Private eye hospitals and teleophthalmology services further help fuel market growth. Increasing investments in healthcare and the introduction of AI-based diagnostics will make India's ophthalmic devices market develop rapidly. Feb 2025, The Kerala Government, in collaboration with Remidio, has introduced Nayanamritham 2.0, the first government-initiated AI-driven chronic eye disease screening program in the world.

Saudi Arabia Ophthalmic Devices Market

The ophthalmic devices market in Saudi Arabia is expanding as a result of rising healthcare investments under the Vision 2030 program to modernize the nation's medical infrastructure. Increased prevalence of vision conditions, such as diabetic retinopathy owing to high diabetes prevalence, is fuelling demand for sophisticated diagnostic and treatment options. The government is making investments in specialty eye hospitals and clinics, enhancing access to cataract operations, laser vision correction, and glaucoma treatment. Rising disposable incomes and a preference for high-end eyewear and contact lenses are also driving market growth. With continuous advances in healthcare infrastructure, Saudi Arabia's ophthalmic devices industry is likely to witness consistent growth.

Ophthalmic Devices Market Segments

Surgical Devices

1. Glaucoma Drainage Devices
2. Glaucoma Stents and Implants
3. Intraocular Lenses
4. Lasers
5. Other Surgical Devices

Diagnostic and Monitoring Devices

1. Autorefractors and Keratometers
2. Corneal Topography Systems
3. Ophthalmic Ultrasound Imaging Systems
4. Ophthalmoscopes
5. Optical Coherence Tomography Scanners
6. Other Diagnostic and Monitoring Devices

Vision Correction Devices

1. Spectacles
2. Contact Lenses

Countries

North America

1. United States
2. Canada

Europe

1. France
2. Germany
3. Italy
4. Spain
5. United Kingdom
6. Belgium
7. Netherlands
8. Turkey

Asia Pacific

1. China
2. Japan
3. India
4. Australia
5. South Korea
6. Thailand
7. Malaysia
8. Indonesia
9. New Zealand

Latin America

1. Brazil
2. Mexico
3. Argentina

Middle East & Africa

1. South Africa
2. Saudi Arabia
3. UAE

All the Key players have been covered from 4 Viewpoints:

• Overview
• Key Persons
• Recent Development
• Revenue

Company Analysis

1. Alcon Inc.
2. Bausch Health Companies Inc.
3. Carl Zeiss Meditec AG
4. EssilorLuxottica SA
5. HAAG-Streit Group
6. Hoya Corporation
7. Johnson and Johnson
8. Nidek Co. Ltd
9. Topcon Corporation
10. Ziemer Ophthalmic Systems AG

Report Details: