Spotlight on Ophthalmic Devices

This edition of the newsletter marks a spotlight on the Ophthalmic devices market. Ophthalmic devices are tools used by eye care professionals to check, diagnose, and treat different eye problems. These include OCT scanners, slit lamps, and surgical systems used in procedures such as cataract or retina surgeries. They play a key role in catching eye diseases early, guiding the right treatment, and helping people maintain or improve their vision.

In 2025, the Global market stood at USD 41 B and is expected to grow at a CAGR of 4.5%, reaching USD 52 B in 2030. The Indian market is also witnessing rapid growth, expected to increase from USD 0.75 B in 2025 to USD 0.95 B by 2030, representing a CAGR of 5%

The key growth drivers of the Ophthalmic devices market

The growing elderly demographic is driving demand for devices that help diagnose and manage age-related eye conditions such as cataracts and glaucoma
With diabetes on the rise, there’s a corresponding increase in diabetic eye complications, creating strong demand for early detection and monitoring solutions
Innovations in AI, imaging systems, and laser technologies are attracting investments and expanding the capabilities of modern ophthalmic devices
Eye care chains are actively entering smaller cities, improving access to care, and increasing the need for equipment in previously untapped markets
The rising use of spectacles, contact lenses, and elective surgeries like LASIK is boosting demand across both consumer and clinical segments
Remote consultations and diagnostic tools are gaining traction, especially in underserved areas, creating new use cases for ophthalmic devices

Leading companies are driving innovation in ophthalmology with advanced intraocular lenses, AI-enabled diagnostics, long-acting implants, and upgraded surgical systems, enhancing treatment for glaucoma, LASIK, and overall vision correction.

India’s ophthalmic sector is advancing rapidly with new partnerships, AI-based diagnostic tools, portable screening devices, strategic funding, and global product rights, focusing on early detection, post-surgical care, and full-spectrum innovation in eye health.

26 May 2025

Spotlight on Ophthalmic Devices

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