Ophthalmic Imaging Equipment Market
Ophthalmic Imaging Equipment Market Study by Retina & Glaucoma Examination, Ophthalmoscopes, Perimeters, and Fundus Cameras from 2024 to 2034
Analysis of Ophthalmic Imaging Equipment Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Ophthalmic Imaging Equipment Market Outlook (2024 to 2034)
The global ophthalmic imaging equipment market value was assessed to be US$ 2,305.7 million in 2024. The need for new imaging solutions for eye care is rising with continuous developments in imaging modalities including fundus photography and Optical Coherence Tomography (OCT).
The need for precise ophthalmic diagnostic equipment or instruments is expected to soar with the increased frequency of eye conditions such as diabetic retinopathy and age-related macular degeneration. In congruence with this growing demand, the global sales of ophthalmic imaging equipment are likely to witness a year-on-year growth rate of 4.4% between 2024 and 2034. The global ophthalmic imaging equipment industry to conclude at a valuation of US$ 3,538.7 million by 2034 end.
Ophthalmic Imaging Equipment Market Trends and Analysis
The transition of the conventional healthcare sector to provide outpatient ocular services has surged the demand for portable and effective imaging equipment after the pandemic outbreak. In line with this development, manufacturers of ophthalmic imaging equipment are now focusing more on compact and user-friendly equipment that also aligns with evolving healthcare trends and fosters greater market acceptance.
The efficiency and image accessibility of intraocular lens imaging has improved with the continuous transition from film-based to digital retinal imaging techniques. High-quality digital fundus imaging solutions from manufacturers at the forefront of this shift have modernized ophthalmic practices in the last few years.
|Estimated Market Value (2024E)
|US$ 2,305.7 million
|Forecasted Market Value (2034F)
|US$ 3,538.7 million
|Global Market Growth Rate (2024 to 2034)
|Retina and Glaucoma Examination Products Segment Growth Rate (2024 to 2034)
|Optical Shop Segment Growth Rate (2024 to 2034)
|North America Market Share (2024)
|East Asia Market Share (2024)
|Key Companies Profiled
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What are the Prominent Factors Driving the Global Ophthalmic Imaging Equipment Market?
“Growing Burden of Diabetic Patients and Increasing Frequency of Regular Eye Checkups is Fuelling the Market Growth”
The growing burden of diabetic patients who are at significant risk for diabetic retinopathy has surged the demand for better ophthalmic diagnostic equipment in recent years. Besides diabetic eye screenings, a growing number of eye patients due to several other diseases are also expected to create huge opportunities for manufacturers who specialize in ophthalmology diagnostics.
The need for ophthalmic ultrasound devices and ophthalmic cameras is rising as people have become more conscious of the benefits of regular eye checkups and preventative treatment. So, established market players who include eye health awareness campaigns in their marketing strategy are likely to get the benefits of increased consumer awareness.
|Regional Market CAGR (2024 to 2034)
Why are the United States Ophthalmic Imaging Equipment Market Players Advancing Fast?
“Higher Investment Capacity to Adopt Emerging Technologies is Advancing the United States Market”
North America accounts for around 36.1% of the global ophthalmological imaging equipment industry in 2024 and is expected to garner a revenue of around US$ 833 million. Compact and effective retinal imaging devices are in greater demand in North America to support the growing trend of point-of-care imaging in clinics and primary care settings. As per the market report by Fact.MR, the adoption of ophthalmological imaging equipment in the whole region is likely to increase at a rate of 4.5% per year till 2034 resulting in a net market worth of US$ 1,298 million.
The United States is the dominant market player in North America and is estimated to account for 87.2% of the total revenue generated from sales of ophthalmological imaging equipment in 2024. Retinal imaging equipment manufacturers in the United States are keeping up with the changing healthcare environment and catering to the requirements of a wide range of eye specialists. The market for ophthalmological imaging solutions in the United States is likely to advance with a year-on-year growth rate of 4.6% to reach a net valuation of US$ 1,140 million by 2034.
What Factors are propelling the Ophthalmic Imaging Equipment Market in East Asia?
“Ophthalmic Imaging Device Manufacturers in East Asia are Evolving with an Aging Society”
The availability of eye care services in remote and rural locations facilitated by government programs is expected to offer more opportunities for manufacturers in South Asia and East Asia. According to the analysis of the Fact.MR, the regional demand for ophthalmological imaging equipment in East Asia is likely to follow a year-on-year growth rate of 3.9% through 2034 and conclude the market value at US$ 499 million.
China is the leading manufacturer of ophthalmological imaging equipment in East Asia and currently occupies more than 50% of the total production in the region. So, over the next ten years, the production of all optometry equipment in this country is likely to rise with an impressive CAGR of 5.4%. By following this lucrative growth rate, the ophthalmological imaging equipment industry in China is anticipated to reach a valuation of US$ 298 million by 2034 increasing from US$ 175 million in 2024.
Recognizing the recent demographic trend, market participants in Japan and South Korea are also customizing their imaging devices by making them relevant and useful in an aging society. As per the Fact.MR market estimates, the sales of ophthalmological imaging equipment in Japan are poised to register a CAGR of 2% from 2024 to 2034. Meanwhile, the sales of ophthalmological imaging equipment in South Korea are expected to follow Japan by registering a yearly growth rate of 1.9% during this period.
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Which are the Most Lucrative Segments for the Global Ophthalmic Imaging Equipment Industry Players?
“Higher Demand for Retina and Glaucoma Examination Products has shifted the Industry Outlook”
Among the different types of ophthalmic imaging innovations currently utilized by eye specialists for diagnosis, general eye examination products are used more commonly followed by retina and glaucoma examination products. In 2024, the former segment is estimated to capture a global market share of 43.8%, and the latter is expected to contribute to 43.1% of the total revenue. Customizable general eye examination products or apparatus improve accuracy and productivity during targeted treatments which has resulted in their greater demand in recent years. The year-on-year growth rate for the retina and glaucoma examination products segment is expected to be 5.5% while the general eye examination products segment is likely to witness 3.5% CAGR through 2034.
Based on end user verticals, the hospitals constitute the dominant segment by capturing more than 40% of the market share in 2024. On the other hand, the demand for ophthalmological imaging equipment from optical shops has been observed to be higher recently which is likely to continue through the projected years with a CAGR of 6.1%. Surgeons looking for specific eye examination equipment are drawn to optical shops more who provide configurable solutions for ocular operations like retinal surgery.
Key players in the ophthalmic imaging equipment market include Essilor Instruments, Haag-Streit AG, Carl Zeiss AG, Johnson & Johnson Vision Care, Alcon, Canon Inc., Quantel Medical Inc., Halma plc, Nidek Co., Ltd., and Topcon Corporation among others
The reputation and market presence of leading ophthalmological imaging equipment brands and market players have been enhanced by their collaboration with healthcare institutions. New players who can invest in advanced technologies are expected to attract more healthcare service providers seeking imaging solutions compatible with their modern diagnostic capabilities.
Recent Developments by Ophthalmic Imaging Equipment Industry Participants
- In July 2022, AbbVie Group and iSTAR Medical SA formed a strategic partnership with the aim of developing and commercializing iSTAR Medical's MINIject technology. This technology is aimed to be used as a minimally invasive surgery (MIGS) device for glaucoma patients.
- In May 2021, Lumenis Limited Company received the US Food and Drug Administration (USFDA) De Novo license for its innovative intense pulsed light device. The technology used in this device is intended to treat meibomian gland dysfunction (MGD) resulting in dry eye disease symptoms.
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Key Segments Covered by Ophthalmic Imaging Equipment Industry Survey Report
By Product Type:
- Retina and Glaucoma Examination Products
- Optical Coherence Tomography (OCT)
- Direct Ophthalmoscopes
- Indirect Ophthalmoscopes
- Fundus Cameras
- General Eye Examination Products
- Retinal Ultrasound Imaging Systems
- A- Scan
- A/B Scan
- B- Scan
- Auto Refractors & Keratometers
- Slit Lamps
- Hand Held
- Table Mount
- Acuity Systems
- Retinal Ultrasound Imaging Systems
- Cornea and Cataract Examination Products
- Corneal Topography Systems
- Optical Biometry Devices
- Wavefront Aberrometers
- Specular Microscopy
- Ophthalmic Examination Chairs
- Ophthalmic Examination Stands
- Retina and Glaucoma Examination Products
By End User Verticals:
- Ophthalmology Clinics
- Optometry Clinics
- Ambulatory Surgical Centers
- Optical shop
- Other End User Verticals
- North America Market
- Europe Market
- Latin America Market
- East Asia Market
- South Asia & Oceania Market
- Middle East & Africa (MEA) Market
- FAQs -
What was the value of the Global Ophthalmic Imaging Equipment market in 2019?
The global ophthalmic imaging equipment market was worth US$ 1,820 million in 2019.
What is the sales outlook for Global Ophthalmic Imaging Equipment Market in 2024?
The global ophthalmic imaging equipment market is likely to be valued at US$ 2,305.7 million in 2024.
What is the demand forecast for Global Ophthalmic Imaging Equipment Market for the decade?
The ophthalmic imaging equipment market value is likely to reach US$ 3,538.7 million by 2034.
What is the Predicted Growth Rate for Global Ophthalmic Imaging Equipment Market?
Adoption of ophthalmic imaging equipment is projected to rise at a CAGR of 4.4% through 2034.
At what rate the United States Ophthalmic Imaging Equipment market is predicted to grow?
The United States ophthalmic imaging equipment market is likely to register a CAGR of 4.6% through 2034.