South Korea Ophthalmic Devices Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The South Korean Ophthalmic Devices Market is Segmented by Device (Surgical Devices (Glaucoma Devices, Intraocular Lenses, Lasers, and Other Surgical Devices) and Diagnostic and Monitoring Devices (Autorefractors and Keratometers, Ophthalmic Ultrasound Imaging Systems, Ophthalmoscopes, Optical Coherence Tomography Scanners, and Other Diagnostic and Monitoring Devices). The report offers the value (USD million) for the above segments.

South Korea Ophthalmic Devices Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

South Korea Ophthalmic Devices Market Size

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South Korea Ophthalmic Devices Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2019 - 2023
CAGR 4.20 %

Major Players

South Korea Ophthalmic Devices Market Major Players

*Disclaimer: Major Players sorted in no particular order

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South Korea Ophthalmic Devices Market Analysis

The South Korea Ophthalmic Devices Market is expected to register a CAGR of 4.2% during the forecast period.

The COVID-19 pandemic resulted in considerable service reductions throughout the NHS, with ophthalmology being one of the most severely impacted specialties. According to the study published in March 2022 by the Journal of Clinical Medicine, overall, 121,042 patients were scheduled to visit the Sanggye Paik Hospital Ophthalmology Department. The cancellation rate was 19.13% during pre-COVID-19, 24.13% during early COVID-19, and 17.34% during late COVID-19. The reasons for not visiting the clinic included a hospital, patient, and contact factors; hospitalization in other departments and hospitals; and death. Thus, the COVID-19 pandemic severely curtailed ophthalmology service clinical activities, impacting the market's growth in its initial phase.

Furthermore, ophthalmic devices are medical equipment for diagnosis, surgical, and vision correction purposes. These devices gained substantial importance due to the high prevalence of various ophthalmic diseases such as glaucoma, cataracts, and other vision-related issues across the nation.

Per the research article published in BMC Medical Research, 2022, Dry eye disease (DED) is a rising public health problem in ophthalmology, and its prevalence among middle-aged and elderly individuals ranges from 7% to 34% in South Korea. Cataract surgery is considered the most commonly performed surgery in South Korea. Moreover, as per an article published in April 2022 by Alex Delaney-Gesing, researchers selected 145 students in the first grade of the school with the lowest daylight factor (0.51%) and 147 students in the first grade of the school with the highest daylight factor (13.35%). Hence, as the number of eye disorders increases, a tremendous demand for ophthalmic devices for diagnostic and therapeutic purposes drives the market's growth over the forecast period. However, the risk associated with ophthalmic procedures is expected to hinder the market's growth.

The increasing launches by manufacturers to meet the growing demand for innovative products are expected to drive the market's growth. For instance, in July 2022, Baxter launched its Welch Allyn RetinaVue 100 Imager PRO in South Korea. The device was designed to make diabetic retinopathy screening simple and affordable in primary care settings. Similarly, in August 2021, Eyenovia Inc. announced they entered into an exclusive license agreement for Arctic Vision to develop and commercialize MicroPine for the treatment of progressive myopia and MicroLine for the treatment of presbyopia in South Korea. Such factors drive the demand for the adoption of ophthalmic devices in South Korea.

However, the risk associated with ophthalmic procedures is expected to hamper the South Korean ophthalmic devices market growth.

South Korea Ophthalmic Devices Industry Overview

The South Korea ophthalmic devices market is moderately competitive. The global players in the South Korean ophthalmic devices market are Alcon Inc., Carl Zeiss Meditec AG, Hoya Corporation, Johnson & Johnson, Nidek Co. Ltd, Topcon Corporation, and Ziemer Group AG, among others.

South Korea Ophthalmic Devices Market Leaders

  1. Alcon Inc.

  2. Johnson and Johnson

  3. Topcon Corporation

  4. Ziemer Group AG

  5. Carl Zeiss Meditec AG

  6. *Disclaimer: Major Players sorted in no particular order
South Korea Ophthalmic Devices Market
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South Korea Ophthalmic Devices Market News

  • In July 2022, Baxter launched its Welch Allyn RetinaVue 100 Imager PRO in South Korea. The device was designed to make diabetic retinopathy screening simple and affordable in primary care settings.
  • In May 2022, Visus Therapeutics Inc. and Zhaoke Ophthalmology Limited announced an exclusive licensing agreement to commercialize BRIMOCHOL PF and Carbachol PF in South Korea for the treatment of presbyopia.

South Korea Ophthalmic Devices Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Rising Burden of Eye Disorders
    • 4.2.2 Technological Advancements
  • 4.3 Market Restraints
    • 4.3.1 Risk Associated with Ophthalmic Procedures
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Threat of New Entrants
    • 4.4.2 Bargaining Power of Buyers/Consumers
    • 4.4.3 Bargaining Power of Suppliers
    • 4.4.4 Threat of Substitute Products
    • 4.4.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION (Market Size by Value - USD million)

  • 5.1 By Devices
    • 5.1.1 Surgical Devices
    • 5.1.1.1 Glaucoma Devices
    • 5.1.1.2 Intraocular Lenses
    • 5.1.1.3 Lasers
    • 5.1.1.4 Other Surgical Devices
    • 5.1.2 Diagnostic and Monitoring Devices
    • 5.1.2.1 Autorefractors and Keratometers
    • 5.1.2.2 Ophthalmic Ultrasound Imaging Systems
    • 5.1.2.3 Ophthalmoscopes
    • 5.1.2.4 Optical Coherence Tomography Scanners
    • 5.1.2.5 Other Diagnostic and Monitoring Devices

6. COMPETITIVE LANDSCAPE

  • 6.1 Company Profiles
    • 6.1.1 Alcon Inc.
    • 6.1.2 Carl Zeiss Meditec AG
    • 6.1.3 Hoya Corporation
    • 6.1.4 Johnson & Johnson
    • 6.1.5 Nidek Co. Ltd
    • 6.1.6 Topcon Corporation
    • 6.1.7 Ziemer Group AG
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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**Competitive Landscape Covers- Business Overview, Financials, Products and Strategies, and Recent Developments
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South Korea Ophthalmic Devices Industry Segmentation

As per the scope of the report, ophthalmology is a branch of medical sciences that deals with the structure, function, and various diseases related to the eye. Ophthalmic devices are medical equipment for diagnosis, surgical, and vision correction purposes. The market is segmented by device (surgical devices (glaucoma devices, intraocular lenses, lasers, and other surgical devices) and diagnostic and monitoring devices (autorefractors and keratometers, ophthalmic ultrasound imaging systems, ophthalmoscopes, optical coherence tomography scanners, and other diagnostic and monitoring devices). The report offers the value (USD million) for the above segments.

By Devices Surgical Devices Glaucoma Devices
Intraocular Lenses
Lasers
Other Surgical Devices
Diagnostic and Monitoring Devices Autorefractors and Keratometers
Ophthalmic Ultrasound Imaging Systems
Ophthalmoscopes
Optical Coherence Tomography Scanners
Other Diagnostic and Monitoring Devices
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South Korea Ophthalmic Devices Market Research FAQs

What is the current South Korea Ophthalmic Devices Market size?

The South Korea Ophthalmic Devices Market is projected to register a CAGR of 4.2% during the forecast period (2025-2030)

Who are the key players in South Korea Ophthalmic Devices Market?

Alcon Inc., Johnson and Johnson, Topcon Corporation, Ziemer Group AG and Carl Zeiss Meditec AG are the major companies operating in the South Korea Ophthalmic Devices Market.

What years does this South Korea Ophthalmic Devices Market cover?

The report covers the South Korea Ophthalmic Devices Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the South Korea Ophthalmic Devices Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

South Korea Ophthalmic Devices Industry Report

Statistics for the 2025 South Korea Ophthalmic Devices market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South Korea Ophthalmic Devices analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.