Ophthalmic Devices Market Size To Reach $39.1 Billion By 2033

Ophthalmic Devices Market Growth & Trends

The global ophthalmic devices market size is estimated to reach USD 39.1 billion by 2033, registering a CAGR of 8.6% from 2026 to 2033, according to a new report by Grand View Research, Inc. The rising geriatric population is presumed to propel the need for ophthalmic devices due to the high risk of developing chronic eye disorders. According to the National Institute on Aging (NIA), the geriatric population will be about 72 million individuals by 2030. The rising prevalence of eye disorders, such as macular degeneration, cataracts, diabetic retinopathy, and glaucoma, is also boosting product demand. As per the WHO, glaucoma accounts for 4.5 million cases of blindness globally. In the United States, glaucoma is termed the "Silent Thief of Sight," which is the second-leading cause of blindness.

The market growth can also be attributed to technological advancements, such as the development of intraocular lenses, fundus cameras, and OCT devices. Furthermore, the increasing involvement of market players in expanding treatment solutions through strategic alliances is expected to present this market with a potential growth platform. Approximately 10% of the people suffering from eye disorders are expected to experience loss of vision despite the proper treatment, as per the statistics of the WHO, driving the clinical urgency to incorporate highly advanced ophthalmic devices. Furthermore, rising demand for minimally invasive and complication-free operative surgeries is expected to boost product demand. Due to the COVID-19 pandemic, the majority of the population's screen time was increased, resulting in increased cases of various eye issues, which will support market growth over the forecast period.

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Ophthalmic Devices Market Report Highlights

• By product, the optical coherence tomography (OCT) segment dominated the market, accounting for the largest revenue share of 23.2% in 2025 and has major applications in diagnosing diseases such as glaucoma, age-related macular degeneration (AMD), and diabetic eye disease.

• By application, the cataract segment dominated the market and accounted for the largest revenue share of 41.4% in 2024, attributed to the high adoption of ophthalmic devices for cataract surgeries.

• By end-use, the hospitals and eye clinics segment held the largest share and is expected to continue its dominance over the forecast period, attributed to the increasing adoption of ophthalmic devices in hospitals and the low-cost and effective treatment provided in clinics.

• North America ophthalmic devices market held the largest global market share of 29.5% in 2025, new reimbursement models for ophthalmologic treatment and a stringent regulatory framework for patients’ safety are expected to drive the demand.

Ophthalmic Devices Market Segmentation

Grand View Research has segmented the global ophthalmic devices market based on product, application, end-use, and region:

Ophthalmic Devices Product Outlook (Revenue, USD Million, 2021 - 2033)

• Optical Coherence Tomography Scanners

• Fundus Camera

• Perimeters/Visual Field Analyzers

• Autorefractors and Keratometers

• Ophthalmic Ultrasound Imaging Systems

  • Ophthalmic A-Scan Ultrasound

  • Ophthalmic B-Scan Ultrasound

  • Ophthalmic Ultrasound Biomicroscopes

  • Ophthalmic Pachymeters

• Tonometers

• Slit Lamps

• Phoropters

• Wavefront Aberrometers

• Optical Biometry Systems

• Ophthalmoscopes

• Lensmeters

• Corneal Topography Systems

• Specular Microscopes

• Retinoscopes

Ophthalmic Devices Application Outlook (Revenue, USD Million, 2021 - 2033)

• Cataract

• Vitreo Retinal Disorders

• Glaucoma

• Refractor Disorders

• End-use Outlook (Revenue, USD Million, 2021 - 2033)

• Hospitals and Eye Clinics

• Academic and Research Laboratories

• Others

Ophthalmic Devices Region Outlook (Revenue, USD Million, 2021 - 2033)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Denmark

  • Sweden

  • Norway

• Asia Pacific

  • Japan

  • China

  • India

  • Australia

  • South Korea

  • Thailand

• Latin America

  • Brazil

  • Argentina

• Middle East & Africa

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

List of Key Players in the Ophthalmic Devices Market

• Johnson & Johnson Vision Care

• Alcon Vision LLC

• Carl Zeiss Meditec AG

• Bausch & Lomb Incorporated

• Essilor International S.A

• Ziemer Ophthalmic Systems Ltd

• Nidek Co. Ltd

• TOPCON Corporation

• Haag-Streit Group

• Glaukos Corporation