India Ophthalmic Devices Market Forecast, Size, Growth and Report 2025-2033

According to IMARC Group’s latest report titled "India Ophthalmic Devices Market Size, Share, Trends and Forecast by Devices, End User, and Region, 2025-2033", this study offers a granular analysis of the sector's monumental shift towards organized development and digital integration. The study offers a profound analysis of the industry, encompassing India Ophthalmic Devices Market forecast rate, share, size, key trends, and regional insights. 

Market At-A-Glance: Key Statistics (2025-2033):

  • Current Market Size (2024): USD 943.8 Million
  • Projected Market Size (2033): USD 1,549.93 Million
  • Growth Rate (CAGR): 5.23%

Request Free Sample Report (Exclusive Offer on Corporate Email): https://www.imarcgroup.com/india-ophthalmic-devices-market/requestsample

India Ophthalmic Devices Market Overview

The India ophthalmic devices market size was valued at USD 943.8 Million in 2024. Looking forward, IMARC Group estimates the market to reach USD 1,549.93 Million by 2033, exhibiting a CAGR of 5.23% from 2025-2033.

Market Trends: Reshaping the India Ophthalmic Devices Industry

  • AI-Powered Diagnostics & Real-Time Screening: A dominant trend is the integration of Artificial Intelligence (AI) for retinal and corneal imaging. AI platforms are achieving over 95.8% sensitivity in detecting Diabetic Retinopathy (DR), enabling real-time screening at community vision centers and reducing the burden on tertiary eye hospitals.

  • Shift to Minimally Invasive Surgical Devices: The market is witnessing a structural transition towards Micro-Invasive Glaucoma Surgery (MIGS) and femtosecond laser-assisted cataract surgeries. Surgeons are increasingly adopting phacoemulsification systems and vitrectomy units that offer shorter recovery periods and higher precision, catering to the 47.5% market share held by Surgical Devices.

  • Growth of Portable & Handheld Imaging: There is a surge in demand for portable Optical Coherence Tomography (OCT) and handheld fundus cameras (e.g., Medevplus’s IXanner 7vn). These devices are democratizing eye care in rural and semi-urban areas by allowing clinicians to perform high-resolution diagnostics outside traditional clinical settings.

  • Expansion of Private Eye Care Chains: Large corporate eye hospital networks (like Maxivision and Centre for Sight) are centralizing procurement and standardizing technology. Significant investments, such as ChrysCapital’s INR 830 Crore in Centre for Sight, are fueling the adoption of modular diagnostic suites and high-end surgical platforms across Tier-2 and Tier-3 cities.

  • Rise of Tele-Ophthalmology Networks: To bridge the urban-rural gap, hospitals are deploying cloud-based platforms that store diagnostic data and sync with hospital information systems. This enables real-time collaboration between primary screeners and ophthalmic specialists, streamlining patient referrals.

 

Growth Drivers: Catalysts Propelling the Industry

  • Aging Population & High Cataract Prevalence: The primary growth engine is the increasing incidence of age-related eye conditions. With approximately 14.85% of older adults in India suffering from cataracts, there is a massive, recurring demand for Intraocular Lenses (IOLs) and phacoemulsification systems.

  • Diabetic Retinopathy Epidemic: India’s high diabetes burden (over 101 million cases) has led to a surge in vision-threatening complications. An estimated 12.5% of these patients have diabetic retinopathy, creating an urgent need for advanced diagnostic and monitoring tools like fundus cameras and OCT.

  • Government Blindness Control Initiatives: The National Programme for Control of Blindness (NPCB) is a major driver, promoting early diagnosis and subsidized surgeries. Government-led mobile screening vans and subsidized intraocular lens implants are increasing device uptake in underserved regions.

  • PE Investments and Market Consolidation: Large-scale private equity deals, such as Warburg Pincus’s investment in Appasamy Associates, are de-bottlenecking innovation. These capital inflows are allowing domestic manufacturers to upgrade R&D, expand export markets, and produce cost-effective diagnostic tools.

  • Booming Medical Tourism for Eye Care: India’s position as a hub for cost-effective elective procedures (like LASIK and premium cataract surgeries) is attracting international patients. High-quality services at 30-50% lower costs compared to developed nations are driving the utilization of high-end laser-based refractive surgery platforms.

 

Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/india-ophthalmic-devices-market

Market Segmentation

Analysis by Devices:

  • Surgical Devices
    • Glaucoma Surgery Devices
    • Cataract Surgery Devices
    • Refractive Surgery Devices
    • Other Surgical Devices

  • Diagnostic and Monitoring Device
    • Autorefractors and Keratometers
    • Corneal Topography Systems
    • Ophthalmic Ultrasound Imaging Systems
    • Others

  • Vision Care
    • Spectacles
    • Contact Lens

Surgical devices lead the market with around 47.5% of market share in 2024 due to the high surgical volume of the country, particularly for cataract and refractive error corrections.

Analysis by End User:

  • Hospitals
  • Eye Care Clinics
  • Diagnostic Centers

Hospitals lead the market with around 44.5% of market share in 2024 due to their position as first-choice facilities for eye treatments, diagnostics, and surgeries.

Regional Analysis:

  • North India
  • West and Central India
  • South India
  • East India

In 2024, North India accounted for the largest market share due to its high population base, presence of tertiary care hospitals, and increasing incidences of vision disorders.

Competitor Landscape:

The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.

Other key areas covered in the report:

  • COVID-19 Impact on the Market
  • Porter’s Five Forces Analysis
  • Strategic Recommendations
  • Market Dynamics
  • Historical, Current and Future Market Trends
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain Analysis
  • Comprehensive Mapping of the Competitive Landscape
  • Top Winning Strategies
  • Recent Industry News
  • Key Technological Trends & Development

Customization Note: If you require specific data we can provide it as part of our customization services.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.

IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact Us:  

IMARC Group 

134 N 4th St. Brooklyn, NY 11249, USA 

Email: [email protected] 

Tel No:(D) +91 120 433 0800 

United States: +1-202071-6302