The global ophthalmic devices market was valued at USD 30.08 billion in 2024 and is expected to grow to USD 43.77 billion by 2032, reflecting a compound annual growth rate (CAGR) of 4.8% over the forecast period. In 2025, the market is projected to reach USD 31.45 billion. North America led the ophthalmic devices market in 2024, accounting for a dominant share of 42.92%.
The ophthalmic devices market encompasses a wide range of medical equipment and instruments used for the diagnosis, treatment, and management of various eye conditions and disorders. This market is driven by the increasing prevalence of vision-related problems such as cataracts, glaucoma, refractive errors, and age-related macular degeneration. Technological advancements in imaging systems, surgical tools, and minimally invasive procedures have significantly enhanced the effectiveness and efficiency of eye care. Additionally, growing awareness about eye health, rising healthcare expenditure, and the aging global population are contributing to the steady expansion of the ophthalmic devices market. The market includes diagnostic devices, surgical instruments, and vision care products, serving a diverse group of end users such as hospitals, eye clinics, ambulatory surgical centers, and academic institutions. With ongoing innovations and increased focus on early detection and treatment, the ophthalmic devices market is poised for continued growth across both developed and developing regions.
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