Ophthalmic Equipment Market to Hit USD 30.5B by 2031
Sheridan, Wyoming – November 04, 2026 -- The global ophthalmic equipment market is valued at USD 21.2 billion in 2026 and will reach USD 30.5 billion by 2031, a 7.5% CAGR over 2026-2031, according to a new study by Wissen Research.
Untreated vision loss drives procurement toward two device tiers
The World Health Organization reported in February 2026 that at least 2.2 billion people have a near or distance vision impairment, and that at least 1 billion of those cases could have been treated. Cataracts affect more than 94 million people, and nearly half of those facing cataract-related blindness still lack access to surgery. Global cataract surgical coverage rose by about 15% over two decades, but WHO projects growth of only 8.4% in the current decade.
Wissen finds demand splitting in two: more capable surgical and imaging platforms in hospitals, and lower-cost portable and AI-assisted devices for patients far from specialist eye centres.