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 is witnessing steady growth, driven by the rising prevalence of eye disorders, increasing awareness about eye health, and advancements in diagnostic and surgical technologies. This market includes a wide range of devices such as diagnostic instruments, surgical equipment, and vision care products used in the treatment and management of conditions like cataracts, glaucoma, macular degeneration, and refractive errors. The aging population, growing demand for minimally invasive procedures, and increasing adoption of advanced imaging technologies are key factors fueling market expansion. Additionally, rising healthcare expenditure and improved access to eye care services in developing regions are supporting market growth. As innovation continues to evolve in areas like intraocular lenses, laser-based devices, and AI-powered diagnostics, the ophthalmic devices market is poised for continued development globally.
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