USD 2.42 Billion
Report ID:
SQMIG35A2725 |
Region:
Global |
Published Date: May, 2025
Pages:
195
|Tables:
91
|Figures:
70
Global Ophthalmic Diagnostic Devices Market size was valued at USD 2.42 Billion in 2023 and is poised to grow from USD 2.57 Billion in 2024 to USD 4.21 Billion by 2032, growing at a CAGR of 6.4% in the forecast period (2025-2032).
The ophthalmic diagnostic devices market growth is being driven by the increasing prevalence of age-related eye conditions, especially in people aged 60 and above, such as cataracts, glaucoma, diabetic retinopathy, and age-related macular degeneration (AMD). According to the CDC and NEI, the fact that millions of Americans have some form of visual impairment that requires early detection or monitoring is what drives the ophthalmic diagnostic devices market share. Increased exposure to imaging technologies like fundus cameras, fluorescein angiography, and optical coherence tomography (OCT) is driving the market's growth.
Strategic investments are also increasing. For instance, CAD USD 12 million was given to PulseMedica to develop technology for imaging eye floaters. In addition, favorable CMS reimbursement policy and newly revised FDA regulatory review paths have made it easier to get products approved. Even with signs of good manufacturing and an older population, the U.S. ophthalmic diagnostic devices market is especially erratic. For example, CMS' definitions and new Medicare coverage provided the opportunity to increase utilization of diagnostic tests.
Furthermore, the global ophthalmic diagnostic devices sector is expanding as the world's population ages and the prevalence of diabetes rises, and several publications that highlight new imaging modalities, such as those in PMC and NIH, demonstrate an increase in R&D spending.
How Are AI-Powered Devices Easing the Burden on Ophthalmologists?
The use of artificial intelligence (AI) in ophthalmic diagnostic devices is transforming the field of eye care by increasing the accuracy and efficacy of diagnosing a variety of ocular conditions. This technological advancement is particularly significant because it addresses the increasing demand for precise and prompt diagnostics in an area where early detection can significantly affect patient outcomes.
Market snapshot - 2025-2032
Global Market Size
USD 2.42 Billion
Largest Segment
Hospitals
Fastest Growth
Ophthalmic Clinics
Growth Rate
6.4% CAGR
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The global ophthalmic diagnostic devices market is segmented into product type, end user, application, and region. By product type, the market is classified into optical coherence tomography, aberrometer & topography systems, fundus camera, and ophthalmic ultrasound. Depending on end user, it is bifurcated into hospitals and ophthalmic clinics. According to the application, the market is divided into glaucoma diagnosis, cataract diagnosis, age-related macular degeneration (and), diabetic retinopathy, and refractive errors. Regionally, it is analyzed across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
As per the 2024 global ophthalmic diagnostic devices market analysis, the market is dominated by optical coherence tomography (OCT), which held a 34% market share. Spectral domain OCT is the market leader because OCT devices are being used more and more to diagnose retinal conditions like age-related macular degeneration, diabetic macular edema, and glaucoma. OCT's ability to provide high-resolution, cross-sectional imaging of the retina, which permits early, accurate diagnosis, has led to its widespread use in hospitals and specialty eye clinics. Technological developments, like the release of portable and AI-powered OCT devices, have also raised its clinical value.
The fundus cameras category is predicted to grow at the fastest rate. This expansion can be partially attributed to the growing use of routine eye exams and systemic disease screening for conditions such as diabetes and high blood pressure. As accessibility in remote, underserved areas grows, so does the use of non-mydriatic fundus cameras with teleophthalmology platforms.
Based on the 2024 global ophthalmic diagnostic devices market forecast, hospitals accounted for a share of the market. Hospitals benefit from superior infrastructure, multispecialty consolidation, and the ability to purchase pricey diagnostics like ophthalmic ultrasound scanners and OCT. They are also taking on more patients, which enables them to make lump sum investments in first-rate diagnostic facilities and adopt new technology early in compliance with hospital protocols.
The ophthalmic clinics sector is growing the most quickly. In addition to the increase in private eye clinics, the growing patient demand for accessible specialized eye care services are also factors in that growth. Clinics are using small, portable diagnostic devices, which allow clinics located in urban and semi-urban areas to provide local care, e.g. for glaucoma management and retinal imaging, more easily with shorter wait times.
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As per the 2024 ophthalmic diagnostic devices market regional forecast, due to aging populations, high prevalence of age-related eye diseases, and early adoption of technology, North America led the market. The region gains from significant investments in state-of-the-art medical facilities and AI-powered diagnostic tools. In 2025, the American Academy of Ophthalmology promoted AI-based OCT tools for glaucoma screening, which further increased the use of devices in outpatient and hospital settings.
The US dominates the North American market due to its robust R&D pipelines, favorable reimbursement policies, and sizable number of multinational companies like Topcon and Zeiss. Using fundus and OCT cameras, the Mayo Clinic expanded its AI-based diabetic retinopathy screening program at rural outreach clinics in 2024, showcasing its commitment to diagnostic innovation and accessibility. Hospitals and specialty eye clinics continue to place a high premium on early diagnosis for the elderly and diabetic populations.
The ophthalmic diagnostic devices sector is expanding in Canada as telemedicine and portable diagnostics gain traction, particularly in rural areas. According to data from the Canadian Institute for Health Information, the number of public hospitals using fundus and OCT cameras increased by 12% in 2025. National health initiatives like AI-supported diabetic eye screening programs are driving the need for readily available diagnostic tools and increasing investment in digital ophthalmology technologies.
Strong diagnostic device manufacturers, supportive healthcare systems, and public funding are the main factors propelling the European ophthalmic diagnostic devices market. Non-invasive, AI-powered tools are highly sought after in the region. A cross-border study funded by the European Commission in 2024 used AI and OCT to identify retinal disorders. Particularly for the elderly, high adoption rates in France, the UK, and Germany promote specialized care and early illness intervention.
The use of fundus and OCT cameras is being driven by the rising prevalence of AMD and diabetic retinopathy in the United Kingdom. In 2024, the NHS and Google DeepMind collaborated to test AI-assisted retinal scans in a few hospitals in an effort to increase diagnostic efficiency. The project is part of the broader NHS modernization initiative to reduce ophthalmology backlogs. Favorable procurement laws continue to boost the use of state-of-the-art equipment in public clinics and hospitals.
The primary factors propelling the French market are widespread government support for digital health and nationwide screening initiatives. In 2025, the French Ministry of Health launched a regional trial program to use AI-powered OCT and topography equipment to identify glaucoma early in rural areas. With government-supported funding and favorable reimbursement, both public and private eye care facilities are encouraging the use of diagnostic tests.
Germany remains a significant hub for both academic innovation and the manufacturing of eyewear. In 2024, Heidelberg Engineering added spectral-domain OCT to their AI-powered imaging systems for use in university hospitals' clinical and research settings. The large patient population and emphasis on preventative screening, particularly for AMD and diabetic retinopathy, have increased the need for efficient and portable diagnostic tools.
The Asia-Pacific market is growing quickly due to a number of factors, including an aging population, an increase in the number of people with diabetes, and easier access to diagnostics. Emerging economies are purchasing mobile eye screening equipment. According to the Asia Pacific Academy of Ophthalmology, OCT adoption rose by 15% in 2025 in both urban and rural clinics. Countries like China, South Korea, and Japan are expanding the use of AI diagnoses in their public health systems.
South Korea is becoming a technological leader due to its rapid adoption of AI solutions in healthcare. In 2024, Samsung Medical Center unveiled AI-enhanced OCT equipment to improve the accuracy of glaucoma and AMD detection. Due to government funding and digital health initiatives, tertiary care hospitals and specialty ophthalmology clinics are increasingly using high-tech diagnostic systems.
Japan's ophthalmic diagnostic devices market is expanding due to a number of factors, including the high prevalence of diabetic retinopathy, the demands of an aging population, and advancements in artificial intelligence. A 2024 study published by the Japan Medical Association confirmed the high accuracy of AI models in classifying retinal diseases, leading to a wider use of OCT and fundus imaging technologies. National insurance coverage and hospital renovation projects are two important factors driving market expansion through 2025.
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Increase in the Prevalence of Eye Conditions
Developments in Imaging Technology
Expensive, Sophisticated Diagnostic Equipment
Ophthalmologists with Inadequate Training
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Businesses are concentrating on product innovation, mergers, and international expansion in the fiercely competitive ophthalmic diagnostic devices sector. To stay ahead of the competition, big businesses like Topcon Corporation and Carl Zeiss Meditec make significant investments in imaging and AI integration. To increase their reach, some, like Haag-Streit and NIDEK, place a strong emphasis on clinical collaboration and international distribution networks. To increase acceptance in developing areas, strategic partnerships with hospitals and eye care networks are typical.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the ophthalmic diagnostic devices market is expected to grow gradually due to the increasing prevalence of vision problems, particularly in older adults. Traditional eye diagnostics are now quicker, more accurate, and easier to obtain due to developments in AI and imaging. However, the industry's growth is being hindered by the high cost of equipment and a lack of qualified practitioners in underprivileged areas. However, new opportunities are being created by the move to portable and AI-enabled devices, especially in situations involving home care and distance learning. Leading companies are using innovation and international partnerships to take advantage of these shifts. Significant technological and accessibility advancements are anticipated in the industry as long as early detection and preventative eye care are prioritized.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 2.42 Billion |
Market size value in 2032 | USD 4.21 Billion |
Growth Rate | 6.4% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Ophthalmic Diagnostic Devices Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Ophthalmic Diagnostic Devices Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Ophthalmic Diagnostic Devices Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
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Global Ophthalmic Diagnostic Devices Market size was valued at USD 2.42 Billion in 2023 and is poised to grow from USD 2.57 Billion in 2024 to USD 4.21 Billion by 2032, growing at a CAGR of 6.4% in the forecast period (2025-2032).
Businesses are concentrating on product innovation, mergers, and international expansion in the fiercely competitive ophthalmic diagnostic devices sector. To stay ahead of the competition, big businesses like Topcon Corporation and Carl Zeiss Meditec make significant investments in imaging and AI integration. To increase their reach, some, like Haag-Streit and NIDEK, place a strong emphasis on clinical collaboration and international distribution networks. To increase acceptance in developing areas, strategic partnerships with hospitals and eye care networks are typical. 'Bausch + Lomb', 'Visionix', 'Insight Medical Technologies', 'Haag-Streit Group', 'Canon Medical Systems Corporation', 'Heidelberg Engineering GmbH', 'Optovue, Inc.', 'Escalon Medical Corp.', 'Optos plc', 'Luneau Technology', 'Kowa Company, Ltd.', 'Alcon Inc.', 'EssilorLuxottica SA', 'Eyenuk Inc'
One of the main reasons for the demand for ophthalmic diagnostic devices is the increase in age-related eye disorders such as glaucoma, cataracts, and macular degeneration throughout the world. The need for early and precise diagnosis is growing as the population of elderly people rises, particularly in Asia and Europe. Ophthalmologists and hospitals are investing in cutting-edge diagnostic equipment to make faster and more accurate diagnoses of visual impairment, which affects an estimated 2.2 billion people globally, according to WHO estimates.
Integration of AI in Diagnostics: Ophthalmic equipment is increasingly incorporating artificial intelligence to automate image processing, identify issues early, and provide real-time diagnostic guidance. AI-powered OCTs and retinal scanners are being introduced by companies such as Topcon and Carl Zeiss. By making the technology easier for non-specialists to use, this trend promotes adoption in primary care and teleophthalmology, which not only addresses the shortage of ophthalmologists but also improves diagnostic precision.
What is Driving Leadership of North America in Ophthalmic Diagnostics?
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Report ID: SQMIG35A2725
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