The Ophthalmic Devices Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Ophthalmic Devices Market?
The Ophthalmic Devices Global Market Report 2025 indicates a significant growth trend in the market. The market size has notably increased from $46.68 billion in 2024 to an expected $51.75 billion in 2025. This represents a compound annual growth rate (CAGR) of 10.9%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Ophthalmic Devices Industry?
The Ophthalmic Devices Global Market Report 2025 predicts that by 2029, the market size for ophthalmic devices will reach $70.64 billion, growing at a compound annual growth rate (CAGR) of 8.1%.
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What are the Key Growth Drivers Fueling the Ophthalmic Devices Market?
The key drivers in the ophthalmic devices market are:
• Rising rates of diabetes contributing to increased eye disorders
• The application of telemedicine and remote monitoring technology in ophthalmology
• Growth in emerging markets adopting these devices
• Advancements in genetics and personalized medicines impacting eye care treatment options.
Global Market Segmentation: Identifying Major Ophthalmic Devices Industry Segments
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
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What are the Emerging Trends Shaping the Future of the Ophthalmic Devices Market?
The key trends in the ophthalmic devices market are:
• The trend of artificial intelligence (AI) and machine learning is poised to shape the future market.
• The emergence of wearable technology in ophthalmic devices is increasingly becoming a visible trend.
• Teleophthalmology is emerging as a critical trend in this market.
• The market is expected to witness a growth in sustainable and eco-friendly devices and patient-centric care.
Who Are the Top Competitors & Leading Players in the Ophthalmic Devices Market?
Major companies in the ophthalmic devices market are:
• 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
Regional Dominance: Which Area Leads the Global Ophthalmic Devices Market?
North America was the largest region in the global ophthalmic devices market in 2023
