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Ophthalmology Diagnostics Market Size

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

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Ophthalmology Diagnostics Market Size

Ophthalmology Diagnostics Market size was valued at around USD 8.7 billion in 2022 and is projected to grow at 4.4% CAGR from 2023 to 2032 driven by increasing prevalence of ophthalmic diseases.

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The benefits associated with eye diagnosis such as reliability in disease screening and reduced severity of disease with a better diagnosis & management are also forecasted to positively impact the industry progress. The ophthalmology diagnostic products are proved to be an ideal instrument to perform eye diagnosis. These diagnostic tests can be employed in diagnostic and treatment decisions for patients in hospital settings comprising prescribing medications in related treatment therapy. Ongoing advancements have favored the evolution of these diagnostic tests that are associated with offering optimum specificity & sensitivity.

This availability of unique and non-invasive diagnostic procedures are allowing ease and accuracy in early diagnosis and control of vision impairment. Reduced time minimized the risk of other infections during testing, and less pain & discomfort will further stimulate the adoption of the product. As World Health Organization (WHO) recognizes eye disease conditions to be of primary importance, various government and non-government bodies are coming forth with awareness programs.

Ophthalmology Diagnostics Market Report Attributes
Report Attribute	Details
Base Year:	2021
Ophthalmology Diagnostics Market Size in 2021:	USD 8.7 Billion
Forecast Period:	2022 to 2028
Forecast Period 2022 to 2028 CAGR:	4.4%
2028 Value Projection:	USD 13.4 Billion
Historical Data for:	2018 to 2022
No. of Pages:	180
Tables, Charts & Figures:	311
Segments covered:	Product, Application, End-use and Region
Growth Drivers:	Increase in number of people suffering from ophthalmic disorders Technological advancements Favourable government initiatives Rising demand for early diagnosis and control of vision loss Diagnostic advantages in eye testing
Pitfalls & Challenges:	High cost of the ophthalmology diagnostic devices Lack of skilled professionals Increasing adoption of refurbished ophthalmic devices

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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.