Ophthalmic Handheld Devices Market Size

Ophthalmic Handheld Devices Market Size

Ophthalmic Handheld Devices Market was valued at around USD 553.6 million in 2023 and is anticipated to grow at a CAGR of around 2.7% between 2024 and 2032. Ophthalmic handheld devices are portable and compact medical instruments designed for use in the field of ophthalmology. These devices are specifically crafted to be held and operated by hand, providing eye care professionals with convenient tools for various diagnostic, therapeutic, and monitoring purposes related to ocular health. Several factors contribute to the growth of this market, such as ongoing technological advancements, a rising incidence of eye disorders, an expanding geriatric population, and increased investments in medical device companies. Moreover, the industry benefits from heightened awareness levels and the adoption of a preventive healthcare model, further fostering its growth.

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With the global population on the rise, the elderly demographic, more susceptible to eye-related ailments, is creating an increased demand for ophthalmic devices in healthcare settings. The aging population requires regular eye examinations and treatments, driving the need for handheld devices in geriatric eye care. According to United Nations (UN) research statistics, the global population aged 65 and over is projected to triple in the next three decades, reaching 1.6 billion by 2050—constituting over 16% of the world population. Additionally, there is a growing emphasis on point-of-care testing in healthcare, especially in ophthalmology, where handheld diagnostic devices facilitate swift on-the-spot diagnoses, reducing the necessity for patients to visit specialized clinics or laboratories for specific eye examinations.