Ophthalmic Diagnostic Devices Market Size, Share, Growth Analysis, By Type(Optical Coherence Tomography, Aberrometer & Topography Systems, Fundus Camera, Ophthalmic Ultrasound), By End User(Hospitals, Ophthalmic Clinics, Others), By Region - Industry Forecast 2024-2031

Ophthalmic Diagnostic Devices Market size was valued at USD 2.56 billion in 2022 and is poised to grow from USD 2.71 billion in 2023 to USD 4.40 billion by 2031, at a CAGR of 6.2% during the forecast period (2024-2031)

There has been an advance in knowledge of ocular illnesses and diseases. This is mostly attributable to the rise in the use of online tools and resources that inform the general public about various kinds of ocular problems and methods of diagnosis.

Active activities by ocular health-focused governmental and non-governmental organizations would additionally favorably affect market expansion over the course of the projection year. Currently, both big-name companies and small businesses provide a variety of ophthalmic devices for diagnostic use.

The market for ophthalmic diagnostic devices is anticipated to grow significantly over the next few years as a result of the increasing adoption of advanced diagnostic tools in developed nations like the U.S., Japan, Germany, and France.

Ocular diseases, particularly cataracts and glaucoma, are becoming more common on a global scale. Around 20 million people worldwide are estimated to have cataract-related blindness, according to estimates from the World Health Organization (WHO).

Key companies are projected to continuously innovate by creating cutting-edge diagnostic tools for the diagnosis of ocular disorders. The demand for ocular diagnostic devices is also anticipated to expand in emerging nations during the forecast period as a result of changing healthcare infrastructure and a rise in the availability of ophthalmology gadgets.