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Ophthalmic Devices Market - Industry Dynamics, Market Size, And Opportunity Forecast to 2027

Global Ophthalmic Devices Market By Product (Vision Care Products, Surgical Devices, Diagnostics & Monitoring Devices) By Vision Care (Spectacles, Contact Lenses) By Surgical Devices (Cataract Surgical Devices, Ophthalmic Viscoelastic Devices, Vitreoretinal Surgical Devices, Refractive Surgical Devices, Glaucoma Surgical Devices, Ophthalmic Microscopes, Ophthalmic Surgical Accessories) By Diagnostic & Monitoring Devices ( Opthalmoscopes, Chart Projectors, Corneal Topography Systems, Fundus Cameras, Lensometers, Ophthalmic Ultrasound Imaging Systems, Autorefractors & Keratometers, Optical Biometry Systems, Optical Coherence Tomography Scanners, Slit Lamps, Indirect Ophthalmic Lens) By End Users (Consumers, Hospitals, Specialty Clinics & Ambulatory Surgery Centers) By Region– North America, Europe, Asia, Middle East & Africa, South America)– Industry Dynamics, Market Size, and Opportunity Forecast to 2027

  • Published On: 21-Jun-2021  |  Format: pdfpowerpointexcel  |  Report ID: AA0621081
    Delivery: 2 to 4 Hours
Ophthalmic Devices Market

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Report AttributeDetails
Market Size Value in 2020US$ 38,120.4 Mn
Expected Revenue in 2027US$ 57,571.4 Mn
Historic Data2017-2020
Base Year2021
Forecast Period2022-2027
UnitValue (USD Mn)
Segments coveredBy Product, Vision Care, Surgical Devices, Diagnostic & Monitoring Devices, End Users, and Region
Key CompaniesAlcon, Bausch + Lomb, Canon Inc., Carl Zeiss Meditec AG, Clearlab SG PTE, and other prominent players.
Customization ScopeCheck out the infographic here


The Global Ophthalmic Devices Market is expected to reach USD 57 Billion by 2027.

Advanced surgical procedures such as multi-wavelength diabetic retinopathy treatment, ultrasound phacoemulsification, and femtosecond laser surgery are expected to increase the usage rate of this equipment. 

The dawn of technological advanced minimally invasive surgical treatments, such as LASIK surgery, is presumed to accelerate the demand for ophthalmic devices in future.

Lack of ophthalmic practitioners and high cost of the ophthalmic surgery procedures are some major factors hindering the growth of the ophthalmic devices market. 

Some of the latest surgical devices available in the market are Cataract Surgical Devices, Ophthalmic Viscoelastic Devices, Vitreoretinal Surgical Devices, Refractive Surgical Devices, Glaucoma Surgical Devices, Ophthalmic Microscopes, Ophthalmic Surgical and Accessories. 

The market is expected to grow at a CAGR of 6.5% in terms of revenue in the forecasted period 2021-2027.

Due to high stress and unhealthy lifestyles, the rapidly growing base of the elderly population and increasing prevalence of chronic eye diseases have led to diabetic retinopathy which have acted as a major driver to the market.

North America is the largest shareholder in the market.

Asia Pacific is expected to grow at the highest of 7.9% during the forecasted period.

Ophthalmology services were severely impacted negatively. Many of the operations are optional, and routine healthcare consultations were avoided to prevent individuals especially elderly at risk of developing Covid-19 symptoms. 

Key players in the ophthalmic devices market are Alcon, Bausch + Lomb, Carl Zeiss, Clearlab SG PTE, Ltd., Glaukos Corporation, Haag-Streit Holding, HEINE Optotechnik, Hoya Corporation, Johnson & Johnson Vision, Lumenis, and others.

The report provides market size estimates for period of 2017-2027. Wherein, 2017-2019 is the historic period. 2020 is the base year, and 2021-2027 is the forecast period. In all, forecast is provided for a term of 10 years in the report.

The report provides detailed segment level market size forecast and analysis based on multiple parameters. These include By Product (3 subsegments), By Vision Care (2 subsegments), By Surgical Devices (7 Sub Segments), B Diagnostic and Monitoring Devices (17 sub segments), By End Users (4 sub segments).