South Korea Ophthalmic Devices Market Overview
Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Growth Rate: 3.1% (2025-2033)
The ophthalmic devices sector in South Korea is experiencing consistent growth. This growth comes from increased eye care awareness and new technology. The need for early diagnosis and treatment is pushing innovation forward. According to the latest report by IMARC Group, the South Korea ophthalmic devices market size reached USD 540.0 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 740.0 Million by 2033, exhibiting a growth rate (CAGR) of 3.1% during 2025-2033.
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South Korea Ophthalmic Devices Industry Trends and Drivers:
The South Korea ophthalmic devices market is growing rapidly. This growth has three main causes: an aging population, an increase in eye disorders, and improved medical technology. South Korea has one of the world's fastest-aging populations. So, more people need cataract surgeries, glaucoma treatments, and refractive error corrections. This demographic shift has boosted the use of advanced devices. These include phacoemulsification systems, intraocular lenses (IOLs), and optical coherence tomography (OCT) machines. More people are aware of eye health now. Government-funded healthcare programs are helping the market grow. AI-powered diagnostic tools and minimally invasive surgical devices are transforming the industry. These advancements offer greater precision and better patient outcomes. South Korea has a strong healthcare system. Its focus on research and development makes it a leader in the Asia-Pacific eye device market. This attracts global manufacturers and investors.
More people want premium and custom options for refractive surgeries and contact lenses. LASIK and SMILE are growing in popularity with young people who want better vision. They want more convenience and a better quality of life. The contact lens market is changing. More people are choosing daily disposable lenses and silicone hydrogel materials. These options provide more comfort and lower infection risks. Digital health tools are transforming patient care. Tele-ophthalmology and smartphone eye tests are great examples. This is especially true in rural areas where specialists are scarce. Government support is helping the market grow. Subsidies for advanced medical devices and early eye disease diagnosis programs matter. South Korea is at the forefront of healthcare innovation. This trend will boost the ophthalmic devices market. The focus will be on personalized and tech-driven solutions.
South Korea Ophthalmic Devices Industry Segmentation:
The market report offers a comprehensive analysis of the segments, highlighting those with the largest South Korea ophthalmic devices market share. It includes forecasts for the period 2025-2033 and historical data from 2019-2024 for the following segments.
The report has segmented the market into the following categories:
Devices Insights:
- 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
Regional Insights:
- Seoul Capital Area
- Yeongnam (Southeastern Region)
- Honam (Southwestern Region)
- Hoseo (Central Region)
- Others
Competitive Landscape:
The competitive landscape of the industry has also been examined, along with the profiles of the key players.
Key highlights of the Report:
- Market Performance (2019-2024)
- Market Outlook (2025-2033)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current, and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers create a lasting impact. The company provides 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, benchmarking analyses, pricing and cost research, and procurement research.
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