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Ophthalmology Diagnostics Market Trends

Report ID: GMI5624
Published Date: May 2023
Report Format: PDF

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Ophthalmology Diagnostics Market Trends

Significant increase in number of patients suffering from ophthalmic diseases such as cataracts, glucoma, vitreoretinal diseases, and refractive errors among others will primarily drive the market growth over the forecast period. According to the World Health Organization latest data, around 1 billion people are suffering from moderate or severe distance vision impairment or blindness attributable to cataract (94 million), refractive error (88.4 million), age-related macular degeneration (8 million), glaucoma (7.7 million), and diabetic retinopathy (3.9 million) among others.

Increasing prevalence of such ailments fuel the demand for ophthalmic devices including ophthalmology diagnostic products. Raising geriatric population suffering from various eye diseases will also significantly drive the market trends. The use of advanced ophthalmology diagnostic product helps to offer efficient diagnosis & treatment, thereby reducing the risk of vision impairment. This rising diseased population is resulting in high adoption of advanced ophthalmology diagnostic devices including fundus cameras, Keratometers, and lensometers among others to enable a doctor to examine the patient eye more effectively with highest precision.

Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

Global market for ophthalmology diagnostics was around USD 8.7 billion in 2022 and will record over USD 13.4 billion by 2032.

Cataract application will be more than USD 6.3 billion by 2032 due to the growing prevalence of cataracts in an older population and cases of blindness & vision impairment.

Alcon Vision LLC, Canon, Carl Zeiss Meditec AG, Bausch & Lomb Incorporated, and Essilor International S.A are some of the leading players in the ophthalmology diagnostics industry.

North America ophthalmology diagnostics market size will be more than USD 5.6 billion by 2032 due to the presence of major industry players and an upsurge in the demand for eye disease diagnostic services.