The market size of ophthalmic devices was US$54.96 billion in 2021 and will reach US$83.09 billion by 2030 with a CAGR of 4.7%. Ophthalmology is the branch of medicine that deals with the physiology, anatomy, and diseases of the eye. Medical devices, referred to as ophthalmic devices, are used in examinations, surgeries, and vision corrections. These devices are gaining importance and use due to the increasing incidence of many ophthalmic diseases such as glaucoma, cataracts and other vision-related problems.

Ophthalmic Devices Market by Product (Fundus Camera, Autorefractors, Keratometers, Optical Coherence Tomography Scanners, Site Lamps, Ophthalmoscopes, Phoropters, Tonometers, Retinoscopes, Corneal Topography Systems, Wavefront Aberrometers, Lensmeters), Global Industry Growth and Forecasts, 2021-2030

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Ophthalmic Devices Market Insights

• In 2021, the cataract segment was the largest market with a share of almost 41.6% on an application basis.
• On the basis of end-user, in 2021, the hospital segment dominated the entire market with a share of 76.9%.
• North America led the overall ophthalmic devices market with the largest revenue share of 43% in 2021.

Market dynamics for ophthalmic devices

The market is being fueled by factors such as rising incidence of eye diseases, rapid growth of elderly population, technological advances in ophthalmic devices, favorable government efforts to reduce visual impairment, and increasing acceptance of contact lenses and eyeglasses. However, the ophthalmic devices market is expected to be adversely affected by factors such as the high cost of ophthalmic devices, the increasing use of repaired and refurbished ophthalmic devices, and the reduction in funds for ophthalmic surgical procedures.

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