Ophthalmic Ultrasound Devices Market Size, Share & Trends Analysis Report By Product (A-scan, B-scan, Combined), By Application (Standalone, Portable), By End-use (Hospitals), By Region, And Segment Forecasts, 2024 - 2030

Ophthalmic Ultrasound Devices Market Size, Share & Trends Analysis Report By Product (A-scan, B-scan, Combined), By Application (Standalone, Portable), By End-use (Hospitals), By Region, And Segment Forecasts, 2024 - 2030

Ophthalmic Ultrasound Devices Market Growth & Trends

The global ophthalmic ultrasound devices market size is expected to reach USD 875.3 million by 2030, registering a CAGR of 5.7% over the forecast years, according to a new report by Grand View Research, Inc. Increasing incidence of diabetes, rising prevalence of ophthalmic disorders, such as cataract and proliferative diabetic retinopathy, growing awareness about cataract surgeries, and the introduction of technologically advanced ophthalmic ultrasounds are among the major factors anticipated to drive the market during the forecast period.

The rising burden of ophthalmic ailments, such as retinal & cataract detachments, and increased demand for effective and efficient imaging tools are further expected to drive the market growth. In addition, numerous novel product launches and technological advancements are expected to contribute to the market growth during the forecast period.

The introduction of advanced technology with integrated scanning features is anticipated to replace the current conventional devices. An increasing number of non-profit as well as private Ambulatory Surgical Centers(ASCs) and ophthalmic clinics in developing countries is expected to play an important role in boosting the global market growth.

A rising number of strategic initiatives, such as the introduction of technologically advanced and integrated devices at competitive prices, by key players is expected to augment the overall market growth. Moreover, the establishment of evolving government and non-government programs and ophthalmology society supporting eye care is expected to boost the market during the forecast period.

Ophthalmic Ultrasound Devices Market Report Highlights

• The A-scan product segment held the largest revenue share in 2023. The segment is expected to grow at a lucrative CAGR over the forecast period owing to increasing demand for A-scan tools as critical imaging equipment in cataract surgery
• Portable ultrasound devices are anticipated to witness the fastest CAGR during the forecast period
• The hospitals end-use segment accounted for the largest revenue share in 2023 due to the large patient pool and frequent government support in the form of funding for the development of eye care
• North America led the market in 2023 owing to the presence of major manufacturers and suppliers developing advanced technology coupled with the rising prevalence of ophthalmic disorders
• Asia Pacific is anticipated to witness the fastest CAGR over the forecast period due to improving healthcare facilities and growing economies across several countries of APAC
• Major market players are investing in R&D for the development of new technology to provide improved image resolutions & data storage and build efficient software for improving the user interface

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