Ophthalmology Medical Device Market Report 2025 (Global Edition)

Global Ophthalmology Medical Device Market Report 2025 Market Size Split by Type (Ophthalmic Viscoelastic Device OVD, Phacoemulsification Equipment, Lenses Ecosystem, Others), by Application (Hospital...

Ophthalmology Medical Device Market Report Description

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Competitive Landscape of the Ophthalmology Medical Device Market

Key players deploy strategic initiatives such as product innovations, partnerships, and mergers. Companies prioritize R&D to introduce cutting-edge reagents, ensuring a competitive edge. Robust distribution networks and adherence to quality standards amplify market presence, fostering an environment where agility and innovation define industry leaders.

Ophthalmology Medical Device Industry News

In July 2021, Clarity 1 day became the first net plastic neutral contact lens in the United States, according to Coopervision. This is the outcome of the business's collaboration with Plastic Bank. 

(Source: https://www.prnewswire.com/news-releases/clariti-1-day-becomes-first-net-plastic-neutral-contact-lens-in-the-us-301333262.html)

Top Companies Market Share in Ophthalmology Medical Device Industry: (In no particular order of Rank)

• Novartis AG
• Carl Zeiss Meditec AG
• Essilor International S.A.
• Nidek Co. Ltd.
• Topcon Corporation
• Valeant Pharmaceuticals International Inc.
• Ziemer Ophthalmic Systems AG
• Hoya Corporation
• HAAG Streit Holding AG
• Johnson & Johnson
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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In terms of revenue, the North America Ophthalmology Medical Device Market share was 40% of the total market

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. The ophthalmology medical device market in North America is expanding due to several factors, including an aging population, an increase in eye illnesses, and advances in medical technology. The region offers manufacturers and suppliers in the ophthalmology medical device sector profitable prospects due to its robust healthcare infrastructure and high adoption rates of novel technologies.

The Europe region is witnessing an increase in the sales of reagents. The ophthalmology medical device market in Europe is expanding due to aging populations, an increase in the frequency of eye conditions, and improvements in medical technology. In addition to widespread access to healthcare services and strong regulatory frameworks guaranteeing high standards, the region offers advantageous opportunities for market expansion. In this industry, innovation and growth are further stimulated by increased investments in research and development.

The current report Scope analyzes Ophthalmology Medical Device Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Ophthalmology Medical Device

According to Cognitive Market Research, the global Ophthalmology Medical Device market size was estimated at USD 8154.2Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD 3261.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031. The aging population, rising prevalence of eye problems, and developments in healthcare technology are driving strong growth in North America's ophthalmology medical device industry. Equipment used in refractive surgery is one of the main markets propelling this expansion. Advanced medical equipment like excimer lasers and femtosecond lasers are in great demand throughout the region due to the increased demand for vision correction treatments and the strong emphasis on patient safety and outcomes. To conclude, the ophthalmology medical device sector in North America is ripe for innovation and investment, with refractive surgery equipment emerging as a critical component driving market expansion in this dynamic and changing healthcare landscape.

• According to Cognitive Market Research, the US had a major share in the Ophthalmology Medical Device market with a market size of USD 2573.47 million in 2024 and is projected to grow at a CAGR of 3.2% during the forecast period. The demand is amplified by the nation's dynamic scientific landscape, where cutting-edge technologies and a focus on precision medicine propel consistent growth. 
• The Canada Ophthalmology Medical Device market had a market share of USD 391.40 million in 2024 and is projected to grow at a CAGR of 4.2% during the forecast period. Canada's Growing health consciousness.
• The Mexico Ophthalmology Medical Device market is projected to witness growth at a CAGR of 3.9% during the forecast period with a market size of USD 296.81 million in 2024.

Europe Ophthalmology Medical Device

According to Cognitive Market Research, with a market value of USD 2446.26 million in 2024 and projected to expand at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031. Rising rates of eye illnesses, an aging population, and technological developments in medicine are driving considerable growth in Europe's ophthalmology medical device industry. A noteworthy industry that is contributing to this growth is that of diagnostic imaging systems. The region is seeing a rise in demand for advanced imaging technologies such as fundus cameras and optical coherence tomography (OCT) systems due to the growing emphasis on early detection and accurate diagnosis of eye disorders. To sum up, Europe presents advantageous growth prospects for the ophthalmology medical device industry, with diagnostic imaging systems emerging as a crucial component propelling innovation and meeting the changing needs of patients and healthcare professionals in the area.

• The United Kingdom Ophthalmology Medical Device market had a market share of USD 410.97 million in 2024 and is projected to grow at a CAGR of 4.5% during the forecast period. In the UK, Ophthalmology Medical Device sales witness an upswing due to the convenience. 
• The France Ophthalmology Medical Device market is projected to witness growth at a CAGR of 2.9% during the forecast period with a market size of USD 225.06million in 2024.
• According to Cognitive Market Research, the Germany Ophthalmology Medical Device market size was valued at USD 484.36 million in 2024 and is projected to grow at a CAGR of 3.9% during the forecast period. In Germany, Ophthalmology Medical Device sales surge due to the nation's engineering and technology. 
• The Italy Ophthalmology Medical Device market is projected to witness growth at a CAGR of 3.1% during the forecast period with a market size of USD 210.38 million in 2024.
• The Russia Ophthalmology Medical Device market is projected to witness growth at a CAGR of 2.7% during the forecast period with a market size of USD 379.17 million in 2024.
• The Spain Ophthalmology Medical Device market is projected to witness growth at a CAGR of 2.8% during the forecast period with a market size of USD 200.59 million in 2024.
• The Luxembourg Ophthalmology Medical Device market is projected to witness growth at a CAGR of 3.8% during the forecast period with a market size of USD 75.83 million in 2024.
• The Portugal Ophthalmology Medical Device market is projected to witness growth at a CAGR of 3.5% during the forecast period with a market size of USD 51.37 1million in 2024.
• The Greece Ophthalmology Medical Device market is projected to witness growth at a CAGR of 4.0% during the forecast period with a market size of USD 29.36 million in 2024.
• Rest of Europe Ophthalmology Medical Device market is projected to witness growth at a CAGR of 2.4% during the forecast period with a market size of USD 379.17 million in 2024.

Asia Pacific Ophthalmology Medical Device

According to Cognitive Market Research, the global Ophthalmology Medical Device market size was estimated at USD 8154.2Million out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 1875.47  million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031. The aging population, rising incidence of eye disorders, and developing healthcare infrastructure are driving the rapid expansion of the ophthalmology medical device market in Asia Pacific. The equipment used in cataract surgery is one of the main markets propelling this expansion. The region has a high rate of cataract-related visual impairment, which is driving up demand for sophisticated surgical tools including intraocular lenses and phacoemulsification systems. In summary, the ophthalmology medical device industry has a lot of room to grow in Asia Pacific, with cataract surgical equipment emerging as a critical market area that will help meet the region's growing need for high-quality eye care services.

• According to Cognitive Market Research, the China Ophthalmology Medical Device market size was valued at USD 843.96 million in 2024 and is projected to grow at a CAGR of 6.7% during the forecast period. Ophthalmology Medical Device sales surge in China due to the nation's Urbanization.
• The Japan Ophthalmology Medical Device market is projected to witness growth at a CAGR of 5.7% during the forecast period with a market size of USD 258.81 million in 2024.
• The India Ophthalmology Medical Device market had a market share of USD 225.06 million in 2024 and is projected to grow at a CAGR of 9.0% during the forecast period. The demand is augmented by India's increasing growing disposable incomes.
• The South Korea Ophthalmology Medical Device market is projected to witness growth at a CAGR of 6.3% during the forecast period with a market size of USD 187.55 million in 2024.
• The Australia Ophthalmology Medical Device market is projected to witness growth at a CAGR of 6.9% during the forecast period with a market size of USD 97.52 million in 2024.
• The South East Asia Ophthalmology Medical Device market is projected to witness growth at a CAGR of 8.2% during the forecast period with a market size of USD 129.41 million in 2024.
• The Rest of Asia Pacific Ophthalmology Medical Device market is projected to witness growth at a CAGR of 7.0% during the forecast period with a market size of USD 133.16 million in 2024.

South America Ophthalmology Medical Device

According to Cognitive Market Research, the global Ophthalmology Medical Device market size was estimated at USD 8154.2Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 407.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.6% from 2024 to 2031. The ophthalmology medical device market in Latin America is expanding significantly, propelled by factors such a growing aging population, improved access to healthcare, and more awareness of eye health. Retinal surgery equipment is one of the major segments driving this expansion. Retinal illnesses are becoming more common in the area, which is driving up demand for sophisticated surgical tools like vitrectomy machines and retinal implants. In summary, the ophthalmology medical device industry in Latin America shows promise for future expansion, with retinal surgery equipment developing as a major segment meeting the changing needs of patients and healthcare providers in the region.

• According to Cognitive Market Research, the Brazil Ophthalmology Medical Device market size was valued at USD 174.50 million in 2024 and is projected to grow at a CAGR of 5.2% during the forecast period. Ophthalmology Medical Device sales flourish in Brazil due to the and worries over water contamination.
• The Argentina Ophthalmology Medical Device market had a market share of USD 68.50 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. The demand is augmented by Argentina's commitment demand for easy and safe drinking water option.
• The Colombia Ophthalmology Medical Device market is projected to witness growth at a CAGR of 4.4% during the forecast period with a market size of USD 36.29million in 2024.
• The Peru Ophthalmology Medical Device market is projected to witness growth at a CAGR of 4.8% during the forecast period with a market size of USD 33.43 million in 2024.
• The Chile Ophthalmology Medical Device market is projected to witness growth at a CAGR of 4.9% during the forecast period with a market size of USD 29.36 million in 2024.
• The Rest of Latin America Ophthalmology Medical Device market is projected to witness growth at a CAGR of 3.7% during the forecast period with a market size of USD 65.64 million in 2024.

Middle East and Africa Ophthalmology Medical Device

According to Cognitive Market Research, the global Ophthalmology Medical Device market size was estimated at USD 8154.2Million out of which Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 163.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031. The market for ophthalmology medical devices in the Middle East and Africa is expanding steadily thanks to reasons like bettering healthcare facilities, an increase in the incidence of eye disorders, and rising medical technology expenditures. The equipment used for laser vision correction is one significant industry contributing to this expansion. The region is seeing an increase in demand for refractive surgical procedures such as PRK and LASIK, which has led to a rise in the use of modern laser systems and diagnostic equipment. In conclusion, there are a lot of prospects for market expansion in the Middle East and Africa for the ophthalmology medical device industry. One important market category that is rising to satisfy the changing needs of patients and healthcare professionals in the region is laser vision correction equipment.

• According to Cognitive Market Research, the GCC Countries Ophthalmology Medical Device market size was valued at USD 69.80 million in 2024 and is projected to grow at a CAGR of 5.7% during the forecast period. Ophthalmology Medical Device sales flourish in the GCC Countries due to the region's strategic investments in healthcare research and advancements.
• The Egypt Ophthalmology Medical Device market is projected to witness growth at a CAGR of 5.2% during the forecast period with a market size of USD 17.12 million in 2024.
• The South Africa Ophthalmology Medical Device market is projected to witness growth at a CAGR of 5.9% during the forecast period with a market size of USD 25.77 million in 2024. Ophthalmology Medical Device sales flourish in the South Africa due to the region's strategic investments in healthcare research and advancements.
• The Turkey Ophthalmology Medical Device market is projected to witness growth at a CAGR of 4.4% during the forecast period with a market size of USD 14.03 million in 2024.
• The Nigeria Ophthalmology Medical Device market is projected to witness growth at a CAGR of 4.0% during the forecast period with a market size of USD 17.12 million in 2024.
• The Rest of MEA Ophthalmology Medical Device market is projected to witness growth at a CAGR of 3.9% during the forecast period with a market size of USD 19.24 million in 2024.

Ophthalmology Medical Device Market Analysis

Ophthalmology Medical Device Market Type Segment Analysis

According to Cognitive Market Research, Ophthalmic Viscoelastic Devices OVD held the major market share over the forecast period. Ocular Viscoelastic Devices (OVDs): By offering vital support throughout various eye procedures, OVTs are helping propel the ophthalmology medical device market upward. These gel-like materials protect sensitive tissues, preserve inside eye space, and make surgical procedures easier. The market for OVDs is growing in response to the changing requirements of ophthalmic surgeons, thanks to developments in OVD technology and its use in cataracts and other eye procedures.

Phacoemulsification Equipment is the fastest-growing category over the forecast period. Because phacoemulsification equipment offers cutting-edge technology for cataract surgery, it is propelling growth in the ophthalmology medical device market. These technologies enable less intrusive operations with faster recovery times by using ultrasonic radiation to break up and remove cataracts. Phacoemulsification equipment is being more widely used due to the growing need for accurate and efficient cataract procedures, fueling the growth of the ophthalmology medical device market.

• Ophthalmic Viscoelastic Device OVD
• Phacoemulsification Equipment
• Lenses Ecosystem
• Others

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Ophthalmology Medical Device Industry. Request a Free Sample PDF!

Ophthalmology Medical Device Market Application Segment Analysis

According to Cognitive Market Research, Hospitals hold a prominent market share. Hospitals are a major factor in the growth of the ophthalmology medical device market because they purchase cutting-edge machinery for diagnostics and eye surgery. Hospitals are constantly updating their ophthalmic facilities with cutting-edge technology such as surgical tools, laser equipment, and diagnostic imaging systems due to rising patient volumes and the demand for high-quality eye care services. This is helping to expand the market.

Eye Clinics is the fastest-growing category over the forecast period. By investing in state-of-the-art machinery for diagnosing and treating eye disorders, eye clinics are driving growth in the ophthalmology medical device market. OCT systems, refractive surgery lasers, and surgical equipment are among the gadgets eye clinics are driving demand for, emphasizing specialized care and cutting-edge technologies. The ophthalmology medical device market is growing due to this dedication to innovation and patient care.

• Hospitals
• Eye Clinics
• Others

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Ophthalmology Medical Device End-User Segment Analysis

According to Cognitive Market Research, Pediatrics held the major market share over the forecast period. Because of the growing need for specialist equipment catered to the particular requirements of pediatric patients, pediatrics is starting to play a major role in the growth of the ophthalmic medical device market. The market for pediatric-friendly diagnostic tools, vision screening equipment, and surgical instruments is expanding due to growing awareness of the value of early eye screening and treatment in children.

Adults are the fastest-growing category over the forecast period. The market for medical devices used in ophthalmology is rising due largely to the increased importance of adults as a demographic group for vision correction and eye health. The demand for products, including intraocular lenses, refractive surgery lasers, and diagnostic equipment, is growing as the prevalence of age-related eye disorders rises and people look for remedies for vision issues. This is leading to market expansion in the adult sector.

• Pediatrics
• Adults
• Elderly

Ophthalmology Medical Device Product Segment Analysis

According to Cognitive Market Research, Reusable held the major market share over the forecast period. The market is expanding due to the demand for reusable ophthalmology medical devices, which provide eye care professionals with sustainable and affordable alternatives. Reusable medical devices, like surgical instruments, diagnostic tools, and lens delivery systems, are becoming increasingly popular due to the growing emphasis on efficiency and minimizing medical waste. These devices also support environmental sustainability objectives and help to expand the ophthalmology medical device market.

Disposable is the fastest-growing category over the forecast period. The market is expanding because of consumer demand for disposable ophthalmic medical devices, fueled by advantages like cost-effectiveness, convenience, and infection control. In eye care settings, disposable devices such as cannulas, surgical drapes, and single-use instruments provide a simpler workflow and lower risk of cross-contamination. Disposable ophthalmic devices are becoming increasingly in demand as healthcare facilities prioritize patient safety and operational efficiency.

• Reusable
• Disposable

Ophthalmology Medical Device Technology Segment Analysis

According to Cognitive Market Research, Manual held the major market share over the forecast period. Manual ophthalmology medical devices are becoming increasingly popular because they provide dependable and affordable options for a range of eye care treatments. Manual equipment, including forceps, diagnostic tools, and portable surgical instruments, offer control and precision during operations thanks to advances in ergonomics and design. The ophthalmology medical device market is growing due to the healthcare providers' growing preference for them due to their accessibility and cost.

Automated is the fastest-growing category over the forecast period. The market is expanding due to automated ophthalmology medical equipment, which improves accuracy, productivity, and repeatability in eye care operations. Automated tools like refractive surgery lasers, diagnostic imaging platforms, and surgical systems offer better accuracy and patient outcomes thanks to robotics and artificial intelligence developments. Healthcare providers find them more and more appealing due to their capacity to optimize workflows and minimize human error, which is driving market expansion in this particular area.

• Manual
• Automated

Author's Detail

Anushka Gore

Research Associate at Cognitive Market Research

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Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.

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