Dublin, May 15, 2025 (GLOBE NEWSWIRE) -- The "India Ophthalmic Devices Market Size and Share Analysis - Growth Trends and Forecast Report 2025-2033" has been added to ResearchAndMarkets.com's offering.
The India Ophthalmology Devices Market is on a promising trajectory, projected to rise from USD 661.10 million in 2024 to USD 1.12 billion by 2033, expanding at a CAGR of 6.11%
The surge is fueled by increasing eye disease incidences, the elders' growing demographic, and technological advancements in ophthalmic devices. Crucial drivers include the prevalence of cataracts, glaucoma, refractive errors, and diabetic retinopathy, escalating with an aging population and diabetes spread. Enhanced government measures like the National Programme for Control of Blindness (NPCB) and private investments in advancing ophthalmic technologies play pivotal roles.
AI-enhanced diagnostics and teleophthalmology significantly extend access in rural regions, while awareness and cost reductions propel market demand. Significant market growth factors encompass the high occurrence of eye disorders in India and technological strides in ophthalmic equipment such as AI-based diagnostics, robotic surgeries, and advanced laser therapies. Breakthrough instruments like optical coherence tomography (OCT) and affordable intraocular lenses (IOLs) broaden the availability of cutting-edge ophthalmic care, enhancing early detection and treatment efficacy.
C3 Med-Tech's investment in bringing AI-powered eye screening devices exemplifies such advancements. Government initiatives and rising healthcare investment are central to the market's expansion. The government drives accessibility through programs like the Ayushman Bharat scheme, sponsoring new ophthalmic facilities and insurance coverage increases.
The 'Comprehensive Eye Care Programme' in Karnataka aims to benefit underprivileged populations, supported by efforts for innovative ocular devices and solutions. Challenges remain, with the high cost of advanced devices hindering widespread adoption, particularly in rural and semi-urban areas. Limited numbers of experienced ophthalmologists further dilute accessibility, although efforts in teleophthalmology and capacity-building persist. Within specific segments, the intraocular lenses market flourishes due to rising cataract surgeries, offering improved multifocal IOLs.
Government initiatives for cost-effective IOLs and domestic production facilitate market growth against a backdrop of heightened cataract surgery awareness. The laser devices market benefits from precision surgeries like LASIK, despite the high costs, with technological development likely to spur future uptake.
Demand for ophthalmoscopes and corneal topography systems escalates as conditions like diabetic retinopathy and keratoconus are diagnosed more frequently. Though cost and device availability challenge rural deployment, tech advancements push growth. Contact lenses enjoy increased demand for non-invasive vision correction, fueled by urban lifestyles and disposable income growth, even as educational gaps in lens care persist.
The East, North, and South India markets each exhibit distinct growth patterns, supported by government investments, urban infrastructure, and renowned eye care institutions. Companies like Alcon Inc., Bausch Health Companies Inc., and Essilor International SA are instrumental market players deploying robust strategies across the ophthalmic landscape. As these trends unfold, the India Ophthalmology Devices Market is poised to significantly transform eye care services nationwide.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 200 |
| Forecast Period | 2024 - 2033 |
| Estimated Market Value (USD) in 2024 | $661.1 Million |
| Forecasted Market Value (USD) by 2033 | $1120 Million |
| Compound Annual Growth Rate | 6.1% |
| Regions Covered | India |
Key Topics Covered:
1. Introduction
2. Research & Methodology
3. Executive Summary
4. Market Dynamics
5. India Ophthalmic Devices Market
6. Market Share
7. Surgical Devices
8. Diagnostic and Monitoring Devices
9. Vision Correction Devices
10. Region
11. Porter's Five Analysis
12. SWOT Analysis
13. Company Analysis
- Alcon Inc.
- Bausch Health Companies Inc.
- Carl Zeiss Meditec AG
- Essilor International SA
- Hoya Corporation
- Johnson & Johnson
- Nidek Co. Ltd
- Topcon Corporation
For more information about this report visit https://www.researchandmarkets.com/r/nbe77o
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