Product Code: ETC367884 | Publication Date: Aug 2023 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India ophthalmic devices market import shipments surged with a robust CAGR from 2020 to 2024. However, there was a notable decline in growth from the previous year, indicating a slight slowdown in momentum. Overall, the market exhibited strong expansion with some stabilization in the latest period.
In India Ophthalmic Devices Market size was valued at more than US$ 1 billion in 2025 and is projected to witness a CAGR of over 13% on account of the rising prevalence of eye disorders among the geriatric population combined with increasing awareness regarding eye health management across rural areas leading them to opt for ocular devices solutions including vision correction surgeries thereby propelling product penetration through its extensive usage procedures across healthcare sector attributing towards accelerating business landscape expansion prospects across countrywide regions.
The ophthalmic devices market in India is witnessing substantial growth, driven by several factors. One of the key drivers is the increasing prevalence of eye disorders and vision problems in the country, attributed to factors like aging population, lifestyle changes, and environmental factors. As eye health awareness grows, there is a rising demand for ophthalmic devices, such as diagnostic equipment, surgical instruments, and vision correction products. Additionally, advancements in technology have led to the development of advanced ophthalmic devices, such as femtosecond laser systems for cataract surgery and advanced intraocular lenses, which offer improved surgical outcomes and patient satisfaction. The support from the government and private healthcare organizations in promoting eye care services and improving access to quality eye care facilities has also contributed to the market`s growth. Furthermore, collaborations between ophthalmic device manufacturers and eye care professionals for research and development initiatives have led to the introduction of innovative and specialized products, further propelling market expansion.
The ophthalmic devices market in India has witnessed growth due to an increasing prevalence of eye disorders and an aging population. However, challenges remain in this market. One of the primary challenges is the limited accessibility of ophthalmic care in rural and remote areas, where healthcare facilities may be scarce. Additionally, affordability remains a concern, especially for advanced ophthalmic devices and treatments. Many patients in India may not have access to vision care due to financial constraints. Moreover, the lack of awareness about preventive eye care and regular check-ups contributes to a significant proportion of undiagnosed eye conditions. Ophthalmic device manufacturers and healthcare providers need to work on initiatives to improve accessibility, affordability, and awareness of eye care services to address these challenges effectively.
The India ophthalmic devices market experienced mixed impacts during the COVID-19 pandemic. The restrictions on non-essential medical procedures and patient footfall in clinics initially led to a decline in ophthalmic device sales. However, with increased awareness of eye health and a gradual return to healthcare services, the market for essential ophthalmic devices such as optical coherence tomography (OCT) devices and phacoemulsification systems witnessed recovery. Additionally, the growing prevalence of eye diseases and vision-related issues continued to drive the demand for ophthalmic devices. As healthcare facilities adapted to the pandemic situation, the market showed signs of stabilization and gradual growth.
The India ophthalmic devices market has shown significant growth, driven by the increasing prevalence of eye disorders and the aging population. Key players in this market include global ophthalmic device manufacturers like Alcon (a Novartis company), Johnson & Johnson Vision Care, and Bausch + Lomb, which offer a wide range of ophthalmic devices, including contact lenses, intraocular lenses, and surgical instruments. These companies have a strong presence in the India market and collaborate with eye care professionals and hospitals to provide innovative solutions for vision correction and eye health. Domestic players like Opto Circuits India and Appasamy Associates also contribute to the market by offering more affordable ophthalmic devices suitable for the India population. With the increasing focus on eye care and advancements in ophthalmic technology, the key players in the India ophthalmic devices market are likely to invest in research and development to introduce more advanced and accessible eye care solutions.