Ophthalmology Equipments Market Size

  • Report ID: 79
  • Published Date: Sep 23, 2024
  • Report Format: PDF, PPT

Ophthalmology Equipments Market Size

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.


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Author Credits:  Radhika Pawar


  • Report ID: 79
  • Published Date: Sep 23, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Growing prevalence of ophthalmic diseases globally is one of the major factors driving the market growth.

The market is anticipated to grow with a notable CAGR over the forecast period, i.e., 2021-2029.

The high cost of ophthalmology equipment and the lack of awareness for these equipment in several low-income nations is one of the major factors estimated to act as barriers to the growth of the market.

The major companies in the market are Novartis AG, Bausch & Lomb, NIDEK CO. LTD., ZEISS International, HOYA Corporation, Pfizer Inc., AbbVie Inc. (Allergan), Santen Pharmaceutical Co., Ltd., and others.
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