The global Ophthalmic Equipment Market, valued at US$18.61 billion in 2024, stood at US$19.65 billion in 2025 and is projected to advance at a resilient CAGR of 5.9% from 2025 to 2030, culminating in a forecasted valuation of US$26.14 billion by the end of the period. Rising prevalence of eye disease, an aging population, technological advancements, and increased access to healthcare are key factors driving the ophthalmic equipment market, supported by growing awareness of early diagnosis and detection treatment.
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By technology, non-AI-enabled equipment holds the largest market share in the ophthalmic equipment market because of its widespread availability, lower cost, and established clinical reliability. These systems are widely used across hospitals and clinics, requiring minimal technical expertise and maintenance. Additionally, slower adoption of AI technologies due to high implementation costs and limited integration in developing regions sustains the dominance of non-AI-enabled devices.
By diagnostics and monitoring devices, OCT scanners hold the largest market share in the diagnostic and monitoring segment because they accurately detect retinal disorders and glaucoma early. Their non-invasive imaging, quick results, and growing use in routine eye exams boost adoption. Furthermore, ongoing technological advances, like higher-resolution imaging and AI integration, further reinforce OCT scanners’ dominance in the market.
By geography, North America holds the largest market share in the ophthalmic equipment industry due to its advanced healthcare infrastructure, high adoption of innovative diagnostic and surgical technologies, and strong presence of major industry players. The region also benefits from favorable reimbursement policies, increasing healthcare spending, and a growing elderly population prone to vision problems. Additionally, rising awareness of early eye disease detection and the availability of skilled ophthalmologists help maintain North America’s leadership in the global ophthalmic equipment market.
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Prominent players in the ophthalmic equipment market are Bausch Health Companies, Inc. (Canada), Alcon (US), Carl Zeiss Meditec AG (Germany), Johnson & Johnson Vision Care (US), HOYA Corporation (Japan), EssilorLuxottica (France), Canon Inc. (Japan), Glaukos Corporation (US), Nidek Co., Ltd. (Japan), Topcon Corporation (Japan), Staar Surgical (US), Haag-Streit (Switzerland), Visionix (France), Shanghai Mediworks Precision Instruments Co., Ltd. (China), and Halma plc (UK), among others.
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