Diagnostic And Monitoring Ophthalmic Devices And Equipment Market 2025-2034: Key Highlights, Growth Dynamics, and Emerging Trends
Discover trends, market shifts, and competitive outlooks for the diagnostic and monitoring ophthalmic devices and equipment industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research
What Are the Projected Market Size and Growth Rates for the Diagnostic And Monitoring Ophthalmic Devices And Equipment Market From 2025 To 2029?
The market size for diagnostic and monitoring ophthalmic devices and equipment has seen substantial growth in recent times. It is projected to escalate from $5.22 billion in 2024 to $5.63 billion in 2025, with a compound annual growth rate (CAGR) of 7.8%. Factors contributing to this growth in the historical period include the aging population, improvements in ophthalmic imaging, high incidence rate of eye diseases, and a widespread diabetes epidemic.
The market size for diagnostic and monitoring ophthalmic devices and equipment is projected to experience consistent growth in the coming years, increasing to $6.78 billion in 2029, with a compound annual growth rate (CAGR) of 4.8%. This upcoming expansion can be ascribed to the growth of emerging markets, telemedicine along with teleophthalmology, value-based healthcare, regulatory aid, and reimbursement. Significant trends projected for this period involve the integration of artificial intelligence (AI), the use of portable and handheld devices, solutions for home monitoring, and advancements in 3D and wide-field imaging.
Download a free sample to assess the report’s scope and structure:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3800&type=smp
Which Primay Drivers Are Accelerating Growth in the Diagnostic And Monitoring Ophthalmic Devices And Equipment Market?
The escalation in diabetes cases is projected to boost the development of diagnostic and monitoring apparatus in the ophthalmic devices sector. Diabetes is a long-lasting illness that occurs when the body is incapable of adequately utilizing or producing enough insulin, a hormone responsible for regulating blood sugar levels. Ophthalmic devices, such as smart contact lenses utilized for diagnostic and monitoring purposes, can serve dual purposes – continuous glucose monitoring and treating diabetic retinopathy. These devices can wirelessly keep track of glucose levels and provide the user with real-time data. For instance, the UK’s Office for Health Improvement & Disparities reported in March 2024 that from March 2022 to March 2023, there was a 22% increase in the number of individuals with type 1 diabetes receiving all eight recommended care procedures, and a 21% increase for those with type 2 diabetes. Additionally, the percentage of people achieving target HbA1c levels increased to 37.9%, the highest ever recorded by the National Diabetes Audit (NDA). Hence, the rising prevalence of diabetes is stimulating the growth of the diagnostic and monitoring gear in the ophthalmic devices industry.
Which Primary Segments of the Diagnostic And Monitoring Ophthalmic Devices And Equipment Market Are Driving Growth and Industry Transformations?
The diagnostic and monitoring ophthalmic devices and equipment market covered in this report is segmented –
1) By Product Type: Optical Coherence Tomographers, Ophthalmic Ultrasound Imaging Systems, Fundus Cameras, Ophthalmoscopes, Keratometers, Specular Microscopes., Tonometers, Slit Lamps, Retinoscopes, Other Products
2) By Application: Retinal Evaluation, Glaucoma Detection And Monitoring, Surgical Evaluation, General Examine, Intraoperative Devices, Refraction Equipment
3) By End User: Hospitals, Clinics, Diagnostic Laboratories, Research Centers
Subsegments:
1) By Optical Coherence Tomographers: Time-Domain OCT (TD-OCT), Spectral-Domain OCT (SD-OCT), Swept-Source OCT (SS-OCT)
2) By Ophthalmic Ultrasound Imaging Systems: B-Scan Ultrasound, A-Scan Ultrasound, Pachymetry Ultrasound
3) By Fundus Cameras: Digital Fundus Cameras, Non-Mydriatic Fundus Cameras, Mydriatic Fundus Cameras, Wide-Field Fundus Cameras
4) By Ophthalmoscopes: Direct Ophthalmoscopes, Indirect Ophthalmoscopes
5) By Keratometers: Manual Keratometers, Automated Keratometers
6) By Specular Microscopes: Contact Specular Microscopes, Non-Contact Specular Microscopes
7) By Tonometers: Applanation Tonometers, Non-Contact Tonometers, Indentation Tonometers, Rebound Tonometers
8) By Slit Lamps: Manual Slit Lamps, Digital Slit Lamps, Portable Slit Lamps
9) By Retinoscopes: Handheld Retinoscopes, Tabletop Retinoscopes
10) By Other Products: Dioptometers, Optotype Projector, Perimeters (Static Perimeters, Kinetic Perimeters), Biometers (Optical Biometers, Ultrasound Biometers), Pachymeters, Autorefractors Or Phoropters, Corneal Topographers, Wavefront Aberrometers
Request customized data on this market:
https://www.thebusinessresearchcompany.com/customise?id=3800&type=smp
Which Regions Are Key Players in the Growth of the Diagnostic And Monitoring Ophthalmic Devices And Equipment Market?
North America was the largest region in the global diagnostic and monitoring ophthalmic devices and equipment market in 2023. Asia-Pacific was the second-largest region in diagnostic and monitoring ophthalmic devices and equipment market. The regions covered in the diagnostic and monitoring ophthalmic devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Are the Most Significant Market Trends in the Diagnostic And Monitoring Ophthalmic Devices And Equipment Market?
Leading corporations in the ophthalmic devices market, specifically regarding diagnostic and monitoring equipment, are introducing cutting-edge products such as Smart contact lenses, made possible by smart soft contact lens technology. This unique and progressive technology allows the round-the-clock monitoring of intraocular pressure (IOP) integral to glaucoma care. For instance, BVS Sight Inc., a company from the United States, rolled out its Smart contact lenses utilizing smart soft contact lens technology in January 2023. Smart soft contact lenses are designed by integrating various well-known brands of soft contact lenses without changing their essential features like lens power, biocompatibility, pliability, clarity, wettability, oxygen transmissibility, and the capacity for overnight use.
View the full report here:
What Parameters Are Used to Define the Diagnostic And Monitoring Ophthalmic Devices And Equipment Market?
Diagnostic and monitoring ophthalmic devices and equipment are used for the diagnosis and monitoring of diseases related to the retina and cornea by measuring affix lenses and refractive errors. These devices also help identify the intraocular lenses (IOLs) and analyze the visual field.
Purchase the full report and get a swift delivery:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=3800
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.
Get in touch with us:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at info@tbrc.info
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
