Ophthalmic Supply Market Size To Reach $22.6 Billion By 2030

Ophthalmic Supply Market Growth & Trends

The global ophthalmic supply market size is anticipated to reach USD 22.6 billion by 2030 and is projected to grow at a CAGR of 4.75% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market encompasses a wide range of products and solutions designed for the diagnosis, treatment, and management of eye conditions.

The rise in eye disorders such as cataracts, glaucoma, and age-related macular degeneration significantly drives the market growth. According to the World Health Organization (WHO), approximately 2.2 billion people globally are affected by visual impairment. This alarming statistic underscores the urgent need for effective treatment options and medical supplies to address these conditions.

Addressing unmet patient needs is a crucial focus in the global market as the industry strives to improve outcomes for individuals with complex eye conditions. Innovations are driven by the need for more effective treatments for advanced glaucoma and rare retinal diseases. Companies are developing novel diagnostic tools and therapeutic solutions to address these gaps. For instance, in January 2022, Alcon acquired Ivantis, Inc., incorporating the Hydrus Microstent into its worldwide surgical product range.

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Ophthalmic Supply Market Report Highlights

• The vision care devices segment led the market with the largest revenue share of 41.5% in 2023. This segment is driven by the increasing prevalence of vision impairments and a growing demand for corrective solutions. It encompasses a broad range of products, including eyeglasses, contact lenses, and low-vision aids, essential for managing myopia, hyperopia, and astigmatism

• Based on end use, the hospital and eye clinics segment led the market with the largest revenue share of 68.64% in 2023. The growth of specialized eye care clinics, such as those offering laser vision correction and retina care, further boosts the demand for ophthalmic supplies. This segment's dominance reflects these facilities' crucial role in delivering comprehensive ophthalmic care and managing a broad range of eye health conditions

Ophthalmic Supply Market Segmentation

Grand View Research has segmented global ophthalmic supply market report based on product, end-use, and region:

Ophthalmic Supply Product Outlook (Revenue, USD Million, 2018 - 2030)

• Surgical Device

• Diagnostic and Monitoring Devices

• Vision Care Devices

• Other

Ophthalmic Supply End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals and Eye Clinics

• Academic and Research Laboratories

• Other

Ophthalmic Supply Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • Denmark

  • Sweden

  • Norway

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Thailand

• Latin America

  • Brazil

  • Argentina

• Middle East and Africa (MEA)

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

List of Key Players in the Ophthalmic Supply Market

• Bausch Health Companies, Inc.

• Alcon

• Carl Zeiss Meditec AG

• Johnson & Johnson Services, Inc.

• HOYA Corporation

• The Cooper Companies, Inc.

• EssilorLuxottica

• Canon Inc.

• Glaukos Corporation.

• TOPCON CORPORATION