Ophthalmology Equipment Market Size & Share, by Function of Product {Diagnostic Devices (Refractors, Corneal Topography Systems, Retinal Ultrasound Systems, Ophthalmoscopes, Tonometer, Slit Lamps), Surgical Devices (Cataract, Refractive Error Surgical Devices), Vision Care Devices (Spectacles, Contact Lenses)}; by End-User (Hospitals, Clinics) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

Ophthalmology Equipment Market size was valued at USD 65.93 billion in 2023 and is expected to exceed USD 125.87 billion by the end of 2036, expanding at over 5.1% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of ophthalmology equipment is evaluated at USD 68.62 billion.

The growth of the market over the forecast period can be attributed primarily to the rising prevalence of eye diseases globally, such as ocular hypertension or glaucoma, diabetic retinopathy, age-related macular degeneration (AMD), cataract, and others. Additionally, the growing advancements in the development of ophthalmology medical equipment by the ophthalmic equipment companies, along with the rising awareness amongst individuals for the need to treat ophthalmic diseases, are some of the additional factors anticipated to drive the market growth.