Latin America Ophthalmic Devices Market Size & Outlook

The ophthalmic devices market in Latin America is expected to reach a projected revenue of US$ 708.5 million by 2030. A compound annual growth rate of 5.3% is expected of Latin America ophthalmic devices market from 2024 to 2030.
Revenue, 2023 (US$M)
$492.1
Forecast, 2030 (US$M)
$708.5
CAGR, 2024 - 2030
5.3%
Report Coverage
Latin America

Latin America ophthalmic devices market, 2018-2030 (US$M)

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Latin America ophthalmic devices market highlights

  • The Latin America ophthalmic devices market generated a revenue of USD 492.1 million in 2023.
  • The market is expected to grow at a CAGR of 5.3% 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.
  • Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.


Latin America data book summary

Market revenue in 2023USD 492.1 million
Market revenue in 2030USD 708.5 million
Growth rate5.3% (CAGR from 2023 to 2030)
Largest segmentOptical coherence tomography scanners
Fastest growing segmentOptical Coherence Tomography Scanners
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationOptical 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 worldwideJohnson & 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, Latin America region accounted for 7.3% of the global ophthalmic devices market in 2023.
  • Globally, North America is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 2,208.2 million by 2030.

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Ophthalmic Devices Market Companies

Name Profile # Employees HQ Website

Latin America 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 2023. Horizon Databook has segmented the Latin America 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.


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Target buyers of Latin America ophthalmic devices market databook

  • Our clientele includes a mix of ophthalmic devices market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America ophthalmic devices market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America ophthalmic devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Latin America ophthalmic devices market size, by country, 2018-2030 (US$M)

Latin America Ophthalmic Devices Market Outlook Share, 2023 & 2030 (US$M)

Latin America ophthalmic devices market size, by country, 2018-2030 (US$M)

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