The global ophthalmic surgical market is expected to grow at a CAGR of 5.7% from 2024 to 2034. The market value is projected to increase from US$ 13,937.8 million in 2024 to US$ 24,194.2 million by 2034.
Attributes | Key Insights |
---|---|
Base Value, 2023 | US$ 13,159.7 million |
Estimated Global Ophthalmic Surgical Market Size (2024E) | US$ 13,937.8 million |
Projected Ophthalmic Surgical Market Value (2034F) | US$ 24,194.2 million |
Value-based CAGR (2024 to 2034) | 5.7% |
The increasing frequency of retinal detachment, corneal transplants, and LASIK-laser refraction supports the ophthalmic surgical market expansion. Treating several ophthalmic conditions such as cataracts, glaucoma, diabetic retinopathy, macular degeneration, and vitrectomy requires surgery, which is expected to promote the market’s growth.
Advancements in ocular technology, such as high-definition scans and three-dimensional imaging, enable precise operations. This discovery and innovation are expected to enhance patient outcomes and create excellent market expansion opportunities. The growing pipeline of advanced ophthalmic surgeries is projected to surge the demand for ophthalmic surgeries.
A key factor propelling the market expansion is the rising prevalence of eye illnesses worldwide. The ophthalmic surgical device market is expanding due to new product introductions and technical developments. Over the projected period, government measures to help visually impaired populations are also anticipated to boost market expansion.
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
The global ophthalmic surgical market recorded a historic CAGR of 5.3% from 2019 to 2023.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
The table below shows the estimated growth rates of the top five countries. The United States, Japan, and Germany are set to record high CAGRs of 8.3%, 8.1%, and 7.7%, respectively, through 2034.
Country | Value CAGR |
---|---|
United States | 8.3% |
Japan | 8.1% |
China | 7.1% |
Germany | 7.7% |
United Kingdom | 7.3% |
The United States is expected to exhibit a CAGR of 8.3% throughout the forecast period. Top factors supporting the market expansion in the country include:
Japan is expected to expand with a CAGR of 8.1% through 2034. This is attributable to a combination of factors, including:
China is expected to grow at a CAGR of 7.1% during the forecast period. The key factors supporting the ophthalmic surgical market growth are:
Sales of ophthalmic surgery in Germany are estimated to record a CAGR of 7.7% through 2034. The primary factors bolstering the ophthalmic surgical market size are:
The United Kingdom is predicted to register a compound annual growth rate of 7.3% during the forecast period.
The section below shows the consumable segment dominating by product type. It is predicted to surge at a CAGR of 5.3% by 2034. Based on the distribution channel, the ophthalmic clinics segment is anticipated to generate a dominant share through 2024. It is set to rise at a 5.3% CAGR by 2034.
Segment | Value CAGR |
---|---|
Consumable (Product Type) | 5.3% |
Ophthalmic Clinics (Distribution Channel) | 5.3% |
The market value of consumables in ophthalmic surgery is US$ 6,225.6 million, representing a 50.0% market share in 2023.
Ophthalmic clinics accounted for 54.2% of the share in terms of distribution channels in 2023 and are expected to surge at a CAGR of 5.3% over the forecast period.
Collaborations and acquisitions are common strategies companies employ in the ophthalmic surgical market to enhance their capabilities, expand their offerings, and stay competitive in the market's dynamic landscape.
Leading players in the ophthalmic surgical market collaborate and form partnerships more often to take advantage of complementary skills, encourage innovation, and expand their product lines.
For instance:
The market is set to reach US$ 13,937.8 million in 2024.
Demand for ophthalmic surgery is slated to expand at a 5.7% CAGR by 2034.
The market is set to reach US$ 24,194.2 million in 2034.
Johnson & Johnson, Alcon Inc., and Ziemer Ophthalmic Systems AG are the key players.
Consumable segment is estimated to hold a market share of 50.0% in 2024.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply-Side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
2.3. Inclusions and Exclusions
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Development/Innovation Trends
4. Value-Added Insights
4.1. Product Assessment
4.1.1. Product Adoption/Usage Analysis-By Region
4.1.2. Company V/S Product Matrix
4.1.3. Recent Product Launches
4.2. Technology Assessment
4.3. Disease Epidemiology, By Key Countries
4.4. Regulatory Scenario
4.4.1. Regulatory Frameworks in United States
4.4.2. Regulatory Frameworks in Canada
4.4.3. Regulatory Frameworks in Europe
4.4.4. Regulatory Frameworks in Brazil
4.4.5. Regulatory Frameworks in China
4.4.6. Regulatory Frameworks in Japan
4.4.7. Regulatory Frameworks in India
4.4.8. Regulatory Frameworks in Australia
4.5. PESTEL Analysis
4.6. Porter’s Analysis
4.7. Value Chain Analysis
4.8. Unmet Needs and Opportunities
5. Market Background
5.1. Macro-Economic Factors
5.1.1. Global Healthcare Expenditure
5.1.2. Global Medical Devices Market Outlook
5.1.3. Research and Development funding by Region
5.1.4. Research and Development funding by Country
5.1.5. Global Ophthalmic Devices Market Outlook (Parent market)
5.2. Forecast Factors - Relevance and Impact
5.2.1. Technological Advancements
5.2.2. Increasing Incidence of Eye Disorders
5.2.3. Global Healthcare Expenditure
5.2.4. Changes in regulatory policies
5.2.5. Patient Preferences and Awareness
5.2.6. Collaborations between healthcare institutions
5.2.7. The availability and extent of insurance coverage
5.2.8. Rising demand for eye surgeries
5.3. Market Dynamics
5.3.1. Drivers
5.3.2. Restraints
5.3.3. Opportunity Analysis
6. Global Market Demand (in Value or Size in US$ million) Analysis 2019 to 2023 and Forecast, 2024 to 2034
6.1. Historical Market Value (US$ million) Analysis, 2019 to 2023
6.2. Current and Future Market Value (US$ million) Projections, 2024 to 2034
6.2.1. Y-o-Y Growth Trend Analysis
6.2.2. Absolute $ Opportunity Analysis
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Product
7.1. Findings
7.2. Historical Market Size (US$ million) By Product, 2019 to 2023
7.3. Current and Future Market Size (US$ million) Analysis and Forecast By Product, 2024 to 2034
7.3.1. Implants
7.3.2. Consumable
7.3.3. Equipment
7.4. Market Attractiveness Analysis By Product
8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application
8.1. Introduction / Key Findings
8.2. Historical Market Size (US$ million) By Application, 2019 to 2023
8.3. Current and Future Market Size (US$ million) Analysis and Forecast By Application, 2024 to 2034
8.3.1. Cataract Surgery
8.3.2. Glaucoma Surgery
8.3.3. Refractive Surgery
8.3.4. Vitreoretinal Surgery
8.3.5. Diabetic Retinopathy Surgery
8.3.6. Others
8.4. Market Attractiveness Analysis By Application
9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Distribution Channel
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ million) By Distribution Channel, 2019 to 2023
9.3. Current and Future Market Size (US$ million) Analysis and Forecast By Distribution Channel, 2024 to 2034
9.3.1. Hospitals
9.3.2. Ophthalmic Clinics
9.3.3. Others
9.4. Market Attractiveness Analysis By Distribution Channel
10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ million) Trend Analysis by Region, 2019 to 2023
10.3. Current and Future Market Size (US$ million) Analysis and Forecast by Region, 2022–2032
10.3.1. North America
10.3.2. Latin America
10.3.3. East Asia
10.3.4. South Asia & Pacific
10.3.5. Western Europe
10.3.6. Eastern Europe
10.3.7. Middle East & Africa
10.4. Market Attractiveness Analysis by Region
11. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034
11.1. Introduction
11.2. Historical Market Size (US$ million) Trend Analysis by Market Taxonomy, 2019 to 2023
11.3. Current and Future Market Size (US$ million) Analysis and Forecast by Market Taxonomy, 2024 to 2034
11.3.1. By Country
11.3.1.1. United States
11.3.1.2. Canada
11.3.1.3. Mexico
11.3.2. By Product
11.3.3. By Application
11.3.4. By Distribution Channel
11.4. Market Attractiveness Analysis
11.4.1. By Country
11.4.2. By Product
11.4.3. By Application
11.4.4. By Distribution Channel
11.5. Market Trends
11.6. Drivers & Restraints Impact Analysis
11.7. Key Market Players Intensity Mapping
11.8. Country-Wise Analysis
11.8.1. United States Market Analysis
11.8.1.1. Introduction
11.8.1.2. Market Analysis and Forecast by Market Taxonomy
11.8.1.2.1. By Product
11.8.1.2.2. By Application
11.8.1.2.3. By Distribution Channel
11.8.2. Canada Market Analysis
11.8.2.1. Introduction
11.8.2.2. Market Analysis and Forecast by Market Taxonomy
11.8.2.2.1. By Product
11.8.2.2.2. By Application
11.8.2.2.3. By Distribution Channel
11.8.3. Mexico Market Analysis
11.8.3.1. Introduction
11.8.3.2. Market Analysis and Forecast by Market Taxonomy
11.8.3.2.1. By Product
11.8.3.2.2. By Application
11.8.3.2.3. By Distribution Channel
12. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034
12.1. Introduction
12.2. Historical Market Size (US$ million) Trend Analysis by Market Taxonomy, 2019 to 2023
12.3. Current and Future Market Size (US$ million) Analysis and Forecast by Market Taxonomy, 2024 to 2034
12.3.1. By Country
12.3.1.1. Brazil
12.3.1.2. Chile
12.3.1.3. Rest of Latin America
12.3.2. By Product
12.3.3. By Application
12.3.4. By Distribution Channel
12.4. Market Attractiveness Analysis
12.4.1. By Country
12.4.2. By Product
12.4.3. By Application
12.4.4. By Distribution Channel
12.5. Market Trends
12.6. Drivers & Restraints Impact Analysis
12.7. Key Market Players Intensity Mapping
12.8. Country-Wise Analysis
12.8.1. Brazil Market Analysis
12.8.1.1. Introduction
12.8.1.2. Market Analysis and Forecast by Market Taxonomy
12.8.1.2.1. By Product
12.8.1.2.2. By Application
12.8.1.2.3. By Distribution Channel
12.8.2. Chile Market Analysis
12.8.2.1. Introduction
12.8.2.2. Market Analysis and Forecast by Market Taxonomy
12.8.2.2.1. By Product
12.8.2.2.2. By Application
12.8.2.2.3. By Distribution Channel
13. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034
13.1. Introduction
13.2. Historical Market Size (US$ million) Trend Analysis by Market Taxonomy, 2019 to 2023
13.3. Current and Future Market Size (US$ million) Analysis and Forecast by Market Taxonomy, 2024 to 2034
13.3.1. By Country
13.3.1.1. China
13.3.1.2. Japan
13.3.1.3. South Korea
13.3.2. By Product
13.3.3. By Application
13.3.4. By Distribution Channel
13.4. Market Attractiveness Analysis
13.4.1. By Country
13.4.2. By Product
13.4.3. By Application
13.4.4. By Distribution Channel
13.5. Market Trends
13.6. Drivers & Restraints Impact Analysis
13.7. Key Market Players Intensity Mapping
13.8. Country-Wise Analysis
13.8.1. China Market Analysis
13.8.1.1. Introduction
13.8.1.2. Market Analysis and Forecast by Market Taxonomy
13.8.1.2.1. By Product
13.8.1.2.2. By Application
13.8.1.2.3. By Distribution Channel
13.8.2. Japan Market Analysis
13.8.2.1. Introduction
13.8.2.2. Market Analysis and Forecast by Market Taxonomy
13.8.2.2.1. By Product
13.8.2.2.2. By Application
13.8.2.2.3. By Distribution Channel
13.8.3. South Korea Market Analysis
13.8.3.1. Introduction
13.8.3.2. Market Analysis and Forecast by Market Taxonomy
13.8.3.2.1. By Product
13.8.3.2.2. By Application
13.8.3.2.3. By Distribution Channel
14. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034
14.1. Introduction
14.2. Historical Market Size (US$ million) Trend Analysis by Market Taxonomy, 2019 to 2023
14.3. Current and Future Market Size (US$ million) Analysis and Forecast by Market Taxonomy, 2024 to 2034
14.3.1. By Country
14.3.1.1. India
14.3.1.2. ASEAN Countries
14.3.1.3. Australia and New Zealand
14.3.1.4. Rest of South Asia
14.3.2. By Product
14.3.3. By Application
14.3.4. By Distribution Channel
14.4. Market Attractiveness Analysis
14.4.1. By Country
14.4.2. By Product
14.4.3. By Application
14.4.4. By Distribution Channel
14.5. Market Trends
14.6. Drivers & Restraints Impact Analysis
14.7. Key Market Players Intensity Mapping
14.8. Country-Wise Analysis
14.8.1. India Market Analysis
14.8.1.1. Introduction
14.8.1.2. Market Analysis and Forecast by Market Taxonomy
14.8.1.2.1. By Product
14.8.1.2.2. By Application
14.8.1.2.3. By Distribution Channel
14.8.2. ASEAN Countries Market Analysis
14.8.2.1. Introduction
14.8.2.2. Market Analysis and Forecast by Market Taxonomy
14.8.2.2.1. By Product
14.8.2.2.2. By Application
14.8.2.2.3. By Distribution Channel
14.8.3. Australia and New Zealand Market Analysis
14.8.3.1. Introduction
14.8.3.2. Market Analysis and Forecast by Market Taxonomy
14.8.3.2.1. By Product
14.8.3.2.2. By Application
14.8.3.2.3. By Distribution Channel
15. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034
15.1. Introduction
15.2. Historical Market Size (US$ million) Trend Analysis by Market Taxonomy, 2019 to 2023
15.3. Current and Future Market Size (US$ million) Analysis and Forecast by Market Taxonomy, 2024 to 2034
15.3.1. By Country
15.3.1.1. Germany
15.3.1.2. Italy
15.3.1.3. France
15.3.1.4. United Kingdom
15.3.1.5. Spain
15.3.1.6. BENELUX
15.3.1.7. Nordic Countries
15.3.1.8. Rest of Western Europe
15.3.2. By Product
15.3.3. By Application
15.3.4. By Distribution Channel
15.4. Market Attractiveness Analysis
15.4.1. By Product
15.4.2. By Application
15.4.3. By Distribution Channel
15.5. Market Trends
15.6. Drivers & Restraints Impact Analysis
15.7. Key Market Players Intensity Mapping
15.8. Country-Wise Analysis
15.8.1. Germany Market Analysis
15.8.1.1. Introduction
15.8.1.2. Market Analysis and Forecast by Market Taxonomy
15.8.1.2.1. By Product
15.8.1.2.2. By Application
15.8.1.2.3. By Distribution Channel
15.8.2. Italy Market Analysis
15.8.2.1. Introduction
15.8.2.2. Market Analysis and Forecast by Market Taxonomy
15.8.2.2.1. By Product
15.8.2.2.2. By Application
15.8.2.2.3. By Distribution Channel
15.8.3. France Market Analysis
15.8.3.1. Introduction
15.8.3.2. Market Analysis and Forecast by Market Taxonomy
15.8.3.2.1. By Product
15.8.3.2.2. By Application
15.8.3.2.3. By Distribution Channel
15.8.4. United Kingdom Market Analysis
15.8.4.1. Introduction
15.8.4.2. Market Analysis and Forecast by Market Taxonomy
15.8.4.2.1. By Product
15.8.4.2.2. By Application
15.8.4.2.3. By Distribution Channel
15.8.5. Spain Market Analysis
15.8.5.1. Introduction
15.8.5.2. Market Analysis and Forecast by Market Taxonomy
15.8.5.2.1. By Product
15.8.5.2.2. By Application
15.8.5.2.3. By Distribution Channel
15.8.6. BENELUX Market Analysis
15.8.6.1. Introduction
15.8.6.2. Market Analysis and Forecast by Market Taxonomy
15.8.6.2.1. By Product
15.8.6.2.2. By Application
15.8.6.2.3. By Distribution Channel
15.8.7. Nordic Countries Market Analysis
15.8.7.1. Introduction
15.8.7.2. Market Analysis and Forecast by Market Taxonomy
15.8.7.2.1. By Product
15.8.7.2.2. By Application
15.8.7.2.3. By Distribution Channel
16. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034
16.1. Introduction
16.2. Historical Market Size (US$ million) Trend Analysis by Market Taxonomy, 2019 to 2023
16.3. Current and Future Market Size (US$ million) Analysis and Forecast by Market Taxonomy, 2024 to 2034
16.3.1. By Country
16.3.1.1. Poland
16.3.1.2. Hungary
16.3.1.3. Russia
16.3.1.4. Rest of Eastern Europe
16.3.2. By Product
16.3.3. By Application
16.3.4. By Distribution Channel
16.4. Market Attractiveness Analysis
16.4.1. By Country
16.4.2. By Product
16.4.3. By Application
16.4.4. By Distribution Channel
16.5. Market Trends
16.6. Drivers & Restraints Impact Analysis
16.7. Key Market Players Intensity Mapping
16.8. Country-Wise Analysis
16.8.1. Poland Market Analysis
16.8.1.1. Introduction
16.8.1.2. Market Analysis and Forecast by Market Taxonomy
16.8.1.2.1. By Product
16.8.1.2.2. By Application
16.8.1.2.3. By Distribution Channel
16.8.2. Hungary Market Analysis
16.8.2.1. Introduction
16.8.2.2. Market Analysis and Forecast by Market Taxonomy
16.8.2.2.1. By Product
16.8.2.2.2. By Application
16.8.2.2.3. By Distribution Channel
16.8.3. Russia Market Analysis
16.8.3.1. Introduction
16.8.3.2. Market Analysis and Forecast by Market Taxonomy
16.8.3.2.1. By Product
16.8.3.2.2. By Application
16.8.3.2.3. By Distribution Channel
17. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034
17.1. Introduction
17.2. Historical Market Size (US$ million) Trend Analysis by Market Taxonomy, 2019 to 2023
17.3. Current and Future Market Size (US$ million) Analysis and Forecast by Market Taxonomy, 2024 to 2034
17.3.1. By Country
17.3.1.1. Saudi Arabia
17.3.1.2. Türkiye
17.3.1.3. South Africa
17.3.1.4. Other African Union
17.3.1.5. Rest of Middle East and Africa
17.3.2. By Product
17.3.3. By Application
17.3.4. By Distribution Channel
17.4. Market Attractiveness Analysis
17.4.1. By Country
17.4.2. By Product
17.4.3. By Application
17.4.4. By Distribution Channel
17.5. Market Trends
17.6. Drivers & Restraints Impact Analysis
17.7. Key Market Players Intensity Mapping
17.8. Country-Wise Analysis
17.8.1. Saudi Arabia Market Analysis
17.8.1.1. Introduction
17.8.1.2. Market Analysis and Forecast by Market Taxonomy
17.8.1.2.1. By Product
17.8.1.2.2. By Application
17.8.1.2.3. By Distribution Channel
17.8.2. Türkiye Market Analysis
17.8.2.1. Introduction
17.8.2.2. Market Analysis and Forecast by Market Taxonomy
17.8.2.2.1. By Product
17.8.2.2.2. By Application
17.8.2.2.3. By Distribution Channel
17.8.3. South Africa Market Analysis
17.8.3.1. Introduction
17.8.3.2. Market Analysis and Forecast by Market Taxonomy
17.8.3.2.1. By Product
17.8.3.2.2. By Application
17.8.3.2.3. By Distribution Channel
17.8.4. Other African Union Market Analysis
17.8.4.1. Introduction
17.8.4.2. Market Analysis and Forecast by Market Taxonomy
17.8.4.2.1. By Product
17.8.4.2.2. By Application
17.8.4.2.3. By Distribution Channel
18. Market Structure Analysis
18.1. Market Analysis by Tier of Companies
18.2. Market Share Analysis of Top Players (%)
18.3. Market Presence Analysis
18.3.1. Regional Footprint of Players
18.3.2. Channel Foot Print by Players
19. Competition Analysis
19.1. Competition Dashboard
19.2. Branding and Promotional Strategies By Key Players
19.3. Key Development Analysis
19.4. Competition Deep Dive (Tentative List)
19.4.1. Johnson & Johnson
19.4.1.1. Overview
19.4.1.2. Product Portfolio
19.4.1.3. Key Financials
19.4.1.4. SWOT Analysis
19.4.1.5. Key Developments
19.4.1.6. Sales Footprint
19.4.1.7. Strategy Overview
19.4.1.7.1. Marketing Strategy
19.4.1.7.2. Product & Service Strategy
19.4.1.7.3. Channel Strategy
19.4.2. Alcon Inc.
19.4.3. Ziemer Ophthalmic Systems AG
19.4.4. Bausch Health (Bausch & Lomb Incorporated)
19.4.5. Carl-Zeiss-Stiftung (Carl Zeiss AG)
19.4.6. Centurion
19.4.7. Hoya Corporation
19.4.8. Canon Inc.
19.4.9. FCI Ophthalmic
19.4.10. Appasammy Associates
19.4.11. Corza Medical
19.4.12. Topcon Corporation
19.4.13. Coburn Technologies
19.4.14. Lumenis
19.4.15. Visionix
19.4.16. Glaukos Corporation
19.4.17. Cooper Medical Ltd
19.4.18. EssilorLuxottica
19.4.19. Nidek Co., Ltd
19.4.20. Staar Surgical
19.4.21. Quantel Medical
20. Assumptions and Acronyms Used
21. Research Methodology
Explore Healthcare Insights
View Reports