Ophthalmic Devices Market Size, Share, Growth Analysis, By Product(Surgical & Vision Care), By End Use(Hospitals, Ophthalmic Clinics, Others), By Region - Industry Forecast 2024-2031

Ophthalmic Devices Market Driver

• The prevalence of serious eye conditions is rising worldwide, and vision loss is turning into a significant public health problem. The incidence of eye diseases including diabetic retinopathy and ocular hypertension has also increased as a result of the aging population's expansion and the rising rates of chronic conditions such as diabetes and hypertension. As a result, there will be a rise in demand for ophthalmic equipment worldwide.
• The market for ophthalmic devices will expand more favorably in developing nations as a result of increased federal measures and assistance. The goal of the ongoing advancement in ophthalmic technology is to bring about new, cutting-edge eye healthcare choices. Over the course of the projection period, this will significantly increase the demand for ophthalmic devices.

Ophthalmic Devices Market Restraint

• The creation of femtosecond lasers and other technological developments in ophthalmic lasers have shortened operating times, enhanced operative outcomes, and increased patient convenience. The exorbitant price of this equipment, however, is expected to impede their expansion.
• Rural people in emerging nations like India, Saudi Arabia, Israel, Kenya, and South Africa are remarkably ignorant of eye disorders. Access to cutting-edge ophthalmic devices is also restricted or absent in many nations.