Canada Ophthalmic Devices Market Size & Outlook, 2024-2030
Canada ophthalmic devices market, 2018-2030 (US$M)
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Canada ophthalmic devices market highlights
- The Canada ophthalmic devices market generated a revenue of USD 443.3 million in 2023 and is expected to reach USD 654.7 million by 2030.
- The Canada market is expected to grow at a CAGR of 5.7% from 2024 to 2030.
- In terms of segment, optical coherence tomography scanners was the largest revenue generating product in 2023.
- Optical Coherence Tomography Scanners is the most lucrative product segment registering the fastest growth during the forecast period.
Ophthalmic devices market data book summary
| Market revenue in 2023 | USD 443.3 million |
| Market revenue in 2030 | USD 654.7 million |
| Growth rate | 5.7% (CAGR from 2023 to 2030) |
| Largest segment | Optical coherence tomography scanners |
| Fastest growing segment | Optical Coherence Tomography Scanners |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Optical Coherence Tomography Scanners, Fundus Cameras, Perimeters/Visual Field Analysers, Autorefractors and Keratometers, Tonometers, Slit Lamps, Phoropters, Wavefront Aberrometers, Optical Biometry Systems, Ophthalmoscopes, Lensmeters, Corneal Topography Systems, Specular Microscopes, Retinoscopes, Ophthalmic Ultrasound Imaging Systems |
| Key market players worldwide | Johnson & Johnson, Alcon Inc, Carl Zeiss Meditec AG, Bausch & Lomb Corp, Essilorluxottica, Nidek Medical, Topcon Corp, Metall Zug Ltd Class B, Ziemer Ophthalmic Systems |
Other key industry trends
- In terms of revenue, Canada accounted for 6.5% of the global ophthalmic devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. ophthalmic devices market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 654.7 million by 2030.
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Ophthalmic Devices Market Scope
Ophthalmic Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada ophthalmic devices market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ophthalmic devices market will help companies and investors design strategic landscapes.
Optical coherence tomography scanners was the largest segment with a revenue share of 23.17% in 2024. Horizon Databook has segmented the Canada ophthalmic devices market based on optical coherence tomography scanners, fundus cameras, perimeters/visual field analysers, autorefractors and keratometers, tonometers, slit lamps, phoropters, wavefront aberrometers, optical biometry systems, ophthalmoscopes, lensmeters, corneal topography systems, specular microscopes, retinoscopes, ophthalmic ultrasound imaging systems covering the revenue growth of each sub-segment from 2018 to 2030.
Canada held a market share of 11.25%. The county has a strong focus on medical and healthcare infrastructure.
According to Canadian Association of Optometrists (CAO) report, 30% of the Canadian population is expected to be myopic and in addition to its increasing prevalence, myopia is occurring at early ages and progressing at a rate faster than seen in previous generation.
As a result, there is a growing demand for ophthalmic devices to address this rising prevalence. The urgency to provide effective solutions for myopia and other vision-related issues is driving market.
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Our clientele includes a mix of ophthalmic devices market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada ophthalmic devices market , including forecasts for subscribers. This country databook contains high-level insights into Canada ophthalmic devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada ophthalmic devices market size, by product, 2018-2030 (US$M)
Canada Ophthalmic Devices Market Outlook Share, 2024 & 2030 (US$M)
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