South Korea Ophthalmic Devices Market Size, Share, and COVID-19 Impact Analysis, By Device (Surgical Devices (Glaucoma Devices, Intraocular Lenses, Lasers, and Others), Diagnostic and Monitoring Devices (Autorefractors and Keratometers, Ophthalmic Ultrasound Imaging Systems, Ophthalmoscopes, Optical Coherence Tomography Scanners, and Others)), and South Korea Ophthalmic Devices Market Insights, Industry Trend, Forecasts to 2035

South Korea Ophthalmic Devices Market Insights Forecasts to 2035

• The South Korea Ophthalmic Devices Market Size was Estimated at USD 530.0 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 3.93% from 2025 to 2035
• The South Korea Ophthalmic Devices Market Size is Expected to Reach USD 810.0 Million by 2035

According to a research report published by Spherical Insights and Consulting, The South Korea Ophthalmic Devices Market Size is anticipated to reach USD 810.0 Million by 2035, growing at a CAGR of 3.93% from 2025 to 2035. Some of the major factors propelling the market include the rising incidence of age-related eye diseases and conditions, the growing acceptance of minimally invasive surgical (MIS) procedures, and the growing emphasis on patient-centric and personalized medicine.

Market Overview

The South Korean ophthalmic devices market encompasses a vast array of medical equipment and technologies used for the diagnosis, management, and surveillance of eye disorders are included in the South Korean ophthalmic devices market. This market comprises both surgical devices, like lasers, glaucoma devices, and intraocular lenses (IOLs), as well as diagnostic and monitoring devices, like keratometers, autorefractors, optical coherence tomography (OCT) scanners, and ophthalmic ultrasound imaging systems. These tools are essential for treating the rising incidence of age-related eye conditions such as diabetic retinopathy, refractive errors, and age-related eye diseases like cataracts, glaucoma, and macular degeneration.  Additionally, Key market insights show that technological advancements, like the incorporation of augmented reality and artificial intelligence in ophthalmic devices, are receiving a lot of attention. The need for creative treatment options is being driven by the increasing incidence of eye disorders like cataracts and refractive errors. Additionally, market trends are being shaped by the increasing focus on patient-centered care and personalized medicine.

Report Coverage

This research report categorizes the market for the South Korea ophthalmic devices market based on various segments and regions and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea ophthalmic devices market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the South Korea ophthalmic devices market.

Driving Factors

The current one of the key factors driving the market's expansion in South Korea is the rising incidence of age-related eye diseases and conditions, such as cataracts, glaucoma, and macular degeneration. In addition, people are being encouraged to seek early diagnosis and treatment due to increased awareness of eye health and the value of routine eye exams, which is driving up demand for diagnostic ophthalmic devices. The adoption of cutting-edge devices that offer improved precision and safety is gaining momentum due to technological advancements and innovations in ophthalmic devices, especially in the field of refractive surgery. Furthermore, the rising prevalence of diabetes in the general population, which results in diabetic retinopathy, is providing a positive market outlook for the nation.

Restraining Factors

South Korea is severely lacking in qualified optometrists and ophthalmologists. Due to this shortage, advanced ophthalmic devices cannot be used effectively, which results in underutilization of current technologies and delayed diagnosis and treatment of eye disorders.

Market Segmentation

The South Korea Ophthalmic Devices Market share is classified into device.

• The surgical devices segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea ophthalmic devices market is segmented by device into surgical devices (glaucoma devices, intraocular lenses, lasers, and others) and diagnostic and monitoring devices (autorefractors and keratometers, ophthalmic ultrasound imaging systems, ophthalmoscopes, optical coherence tomography scanners, and others). Among these, the surgical devices segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. The high incidence of age-related eye disorders like cataracts and glaucoma, which call for surgery, is what is driving the demand for these devices.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea ophthalmic devices market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Ziemer group AG
• Carl Zeiss Meditec AG
• Johnson & Johnson
• Topcon Corporation
• Alcon Inc
• Hoya Corporation
• Others

Recent Developments:

• In July 2022, Baxter launched its Welch Allyn RetinaVue 100 Imager PRO in South Korea.

• 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.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea Ophthalmic Devices Market based on the below-mentioned segments:

South Korea Ophthalmic Devices Market, By Device

• Surgical Devices

• Glaucoma Devices
• Intraocular Lenses
• Lasers 
• Others

• Diagnostic and Monitoring Devices

• Autorefractors and Keratometers
• Ophthalmic Ultrasound Imaging Systems
• Ophthalmoscopes
• Optical Coherence Tomography Scanners
• Others