PUBLISHER: The Business Research Company | PRODUCT CODE: 1760660
PUBLISHER: The Business Research Company | PRODUCT CODE: 1760660
Ophthalmology medical services involve the diagnosis, treatment, and prevention of eye diseases and disorders. These services include both surgical and non-surgical approaches to maintain and restore vision through specialized procedures, prescriptions, and ongoing care.
The main services in ophthalmology medical care include vision correction services, diagnostic services, and treatment services. Vision correction services involve medical treatments and devices such as eyeglasses, contact lenses, laser surgery, and implants, which address refractive errors and other vision issues. The primary product types are devices and medications, used across various age groups including pediatric, adult, and geriatric populations. Ophthalmology medical services address conditions such as glaucoma, cataract, age-related macular degeneration, and refractive disorders, and are utilized by end users such as hospitals, medical institutes and research organizations, healthcare service providers, and government and academic institutions.
The ophthalmology medical service market research report is one of a series of new reports from The Business Research Company that provides ophthalmology medical service market statistics, including the ophthalmology medical service industry global market size, regional shares, competitors with the ophthalmology medical service market share, detailed ophthalmology medical service market segments, market trends, and opportunities, and any further data you may need to thrive in the ophthalmology medical service industry. This ophthalmology medical service market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The ophthalmology medical service market size has grown strongly in recent years. It will grow from $46.25 billion in 2024 to $49.26 billion in 2025 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to an increasing aging population, a rise in diabetes cases, increasing cataract surgeries, growing awareness of eye health, and an expansion of health insurance coverage.
The ophthalmology medical service market size is expected to see strong growth in the next few years. It will grow to $62.74 billion in 2029 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to the increasing adoption of advanced diagnostic tools, rising demand for minimally invasive procedures, growing use of teleophthalmology services, increasing eye strain due to screen exposure, and the expansion of ophthalmology services in emerging markets. Major trends in the forecast period include advancements in ophthalmic imaging technology, innovations in minimally invasive eye surgery, developments in wearable vision devices, research and development in retinal therapies, and the integration of artificial intelligence in diagnostics.
The growing prevalence of pediatric eye conditions is expected to drive the expansion of the ophthalmology medical service market. Pediatric eye conditions encompass a range of vision issues and eye disorders affecting children from birth to adolescence. The increase in these conditions is primarily linked to the rise in screen time from digital devices, which leads to eye strain, dryness, and a higher likelihood of developing myopia (nearsightedness) at an earlier age. Ophthalmology medical services play a vital role in addressing these conditions by offering early diagnosis, specialized treatments, and preventive care to ensure healthy visual development in children. For example, in September 2024, BMJ Group, a UK-based healthcare knowledge provider, projected that by 2030, global myopia cases will reach 600 million, potentially rising to over 740 million by 2050, affecting about 40% of the global population. As a result, the increasing prevalence of pediatric eye conditions is driving the growth of the ophthalmology medical service market.
Companies in the ophthalmology medical service market are investing in innovative technologies, such as SmartTracker 2 fixation tracking technology, to enhance diagnostic accuracy, optimize workflows, and improve patient comfort. SmartTracker 2 is an advanced system used in ophthalmic diagnostic devices to monitor and track a patient's eye fixation during tests. For example, in January 2024, OCULUS Inc., a U.S.-based manufacturer of ophthalmic diagnostic devices, introduced Easyfield VR, a virtual reality headset designed for efficient and patient-friendly vision screenings, including visual field exams, color vision, contrast sensitivity, and stereo vision tests. This device streamlines clinical workflows, enhances patient comfort, and integrates seamlessly with existing OCULUS diagnostic equipment, improving testing efficiency and overall patient care.
In January 2025, Cencora Inc., a U.S.-based healthcare solutions provider, acquired Retina Consultants of America for approximately \$4.6 billion. With this acquisition, Cencora aims to strengthen its position in the specialty healthcare sector, expand its management services organization (MSO) solutions, and provide enhanced value to stakeholders, including physicians and patients. Retina Consultants of America specializes in retinal treatments and offers a range of ophthalmology medical services.
Major players in the ophthalmology medical service market are Johnson & Johnson Vision Care Inc., Merck & Co. Inc., AbbVie Inc., Bayer AG, Novartis AG, Medtronic plc, Regeneron Pharmaceuticals Inc., Alcon Inc., Hoya Corporation, Bausch & Lomb Inc., Carl Zeiss Meditec AG, Santen Pharmaceutical Co. Ltd., Lumenis Be Ltd., Staar Surgical Company, Heidelberg Engineering GmbH, Rayner Surgical Group Limited, Iridex Corporation, Ellex Medical Lasers, Kowa Co. Ltd., TearLab Corporation.
North America was the largest region in the ophthalmology medical service market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in ophthalmology medical service report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the ophthalmology medical service market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The ophthalmology medical service market includes revenues earned by entities by providing services such as pediatric ophthalmology, oculoplastic surgery, and glaucoma management. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Ophthalmology Medical Service Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on ophthalmology medical service market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for ophthalmology medical service ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The ophthalmology medical service market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.