The Business Research Company’s 2026 market reports include new capabilities such as market attractiveness scoring and analysis, total addressable market analysis, company scoring matrix, interactive excel data dashboard, improved supply chain analysis, upcoming startups in the market, and overview of key products, aimed at improving the depth, usability, and strategic value of the insights delivered.
What Is The Forecasted Market Value Of The Ophthalmic Devices Market Across 2026–2030?
The ophthalmic devices market has seen substantial growth over the last few years. It is anticipated to increase from $47.31 billion in 2025 to $51.1 billion in 2026, with a compound annual growth rate (CAGR) of 8.0%. The expansion observed historically is attributable to factors such as the increasing prevalence of vision impairment, the establishment of more ophthalmic clinics and hospitals, a rise in cataract surgery volumes, a greater embrace of corrective vision devices, and the accessibility of advanced ophthalmic diagnostics.
The ophthalmic devices market is projected to experience substantial expansion over the coming years. It will grow to $70.19 billion in 2030 at a compound annual growth rate (CAGR) of 8.3%. This anticipated growth during the forecast period is driven by factors such as a heightened need for treatments targeting age-related eye conditions, the increasing embrace of AI-powered ophthalmic diagnostic tools, the proliferation of outpatient facilities for eye surgery, a growing emphasis on proactive eye care, and increased financial commitments to innovation in ophthalmic technology. Key developments expected in this period encompass a greater acceptance of sophisticated diagnostic ophthalmic imaging, an upward trend in the application of minimally invasive devices for eye surgery, the expanding integration of digital instruments for eye examinations, the broadening availability of laser-based systems for vision correction, and a sharper focus on detecting eye diseases early.
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What Major Growth Drivers Are Shaping The Outlook Of The Ophthalmic Devices Market?
The rising occurrence and widespread prevalence of eye diseases are projected to contribute to the growth of the ophthalmic device market. Eye disorders such as age-related macular degeneration (AMD), glaucoma, and cataracts are becoming primary causes of visual impairment and blindness globally. Ophthalmic devices are crucial for diagnosing, treating, and managing various eye disorders and conditions. For instance, in August 2024, according to the National Health Service, a public sector organization, NHS-funded sight tests reached a record high of over 841,000 in 2024, reflecting a 6.6% rise compared to 2023. The increasing incidence and prevalence of eye-related disorders are expected to drive the use of ophthalmic devices in the diagnosis and treatment of these diseases.
What Segmentation Levels Are Considered In The Ophthalmic Devices Market?
The ophthalmic devices market covered in this report is segmented –
1) By Device: Vision Care Devices And Equipment, Cataract Surgery Devices And Equipment, Refractive Surgery Devices And Equipment, Diagnostic And Monitoring Ophthalmic Devices And Equipment
2) By Product: Instruments Or Equipment, Disposables
3) By End User: Hospitals And Clinics, Diagnostic Laboratories, Other End Users
4) By Type of Expenditure: Public, Private
Subsegments:
1) By Vision Care Devices And Equipment: Eyeglasses, Contact Lenses, Low Vision Aids
2) By Cataract Surgery Devices And Equipment: Cataract Surgery Instruments, Cataract Surgery Implants (Intraocular Lenses), Cataract Surgery Devices (Phacoemulsification Systems)
3) By Refractive Surgery Devices And Equipment: LASIK Devices, SMILE Surgery Devices, PRK Surgery Devices
4) By Diagnostic And Monitoring Ophthalmic Devices And Equipment: Fundus Cameras, Optical Coherence Tomography (OCT) Scanners, Perimeters, Retinal Imaging Systems, Slit Lamps
What Trends Are Projected To Affect The Ophthalmic Devices Market?
Key players in the ophthalmic devices market are concentrating on developing innovative products to sustain their competitive position. They are investing significantly in research and development to introduce novel products and broaden their market share. For instance, in May 2023, Sight Sciences Inc, a US-based eyecare technology company focused on creating groundbreaking solutions intended to transform care and improve patients’ lives, announced the development of two innovative ophthalmic systems. These include two of its proprietary glaucoma and dry eye technologies, namely the OMNI Surgical System and the TearCare System. The OMNI Surgical System technology is designed to enhance surgeons’ ability to perform minimally invasive, implant-free glaucoma procedures in adults suffering from primary open-angle glaucoma. Conversely, the TearCare System technology for dry eye facilitates an interventional eyelid procedure for diseased meibomian glands and is specified for the application of localized heat therapy in adult patients experiencing evaporative dry eye disease due to meibomian gland dysfunction.
Which Leading Firms Are Contributing To The Growth Of The Ophthalmic Devices Market?
Major companies operating 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, Alcon Inc., EssilorLuxottica, Novartis AG, Regeneron Pharmaceuticals Inc., Roche Holding AG, Santen Pharmaceutical Co. Ltd., Rohto Pharmaceutical Co. Ltd., Menicon Co. Ltd., Chengdu Kanghong Pharmaceutical, Glaukos Corporation, STAAR Surgical Company, Omeros Corporation, Aerie Pharmaceuticals Inc., Alimera Sciences Inc., Iridex
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Which Regions Are Projected To Dominate The Ophthalmic Devices Market In The Coming Years?
North America was the largest region in the global ophthalmic devices market in 2025. Asia-Pacific was the second largest region in the global ophthalmic devices market. Africa. was the smallest region in the global ophthalmic devices market. The regions covered in the ophthalmic devices market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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