South Africa Ophthalmic Devices Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 238.14 Million |
| Market Size (2029) | USD 295.51 Million |
| CAGR (2024 - 2029) | 4.41 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
South Africa Ophthalmic Devices Market Analysis
The South Africa Ophthalmic Devices Market size is estimated at USD 238.14 million in 2024, and is expected to reach USD 295.51 million by 2029, growing at a CAGR of 4.41% during the forecast period (2024-2029).
The COVID-19 pandemic has resulted in considerable service reductions throughout the country, with ophthalmology being one of the most severely impacted specialties. For instance, according to an article published by Elsevier in Scientific African, in July 2021, titled 'Assessment of infection prevention and control measures adopted by eye care practitioners in Ghana and South Africa against COVID-19', it has been observed that 47% of practitioners had COVID-19 screening at their facilities before the commencement of eye examinations and 10% of practitioners had received any form of training (seminars and workshops) in COVID-19 infection prevention and control measures. In addition, as per the same source, there was a limited number of ophthalmologists (optometrists and ophthalmic nurses) for providing surgical and other essential eye services. Thus, the limited number of healthcare practitioners and restricted eye care services have impacted the demand for ophthalmic devices which has impacted the market growth.
Certain factors that are propelling the market growth are the rising burden of eye disorders and technological advancements.
The increasing prevalence of eye disorders and related diseases is the major key factor driving the market growth. For instance, according to a meta-analysis published by the Multidisciplinary Digital Publishing Institute, in February 2022, titled 'Prevalence of the Burden of Diseases Causing Visual Impairment and Blindness in South Africa in the Period 2010-2020: A Systematic Scoping Review and Meta-Analysis', it has been observed that the prevalence for vision impairment was 2% for blindness and 12% for moderate and severe visual impairment (MSVI) and uncorrected refractive error (URE) (43%), cataract (28%), glaucoma (7%), and diabetic retinopathy (4%) were all substantial contributors to moderate and severe visual impairment. Additionally, as per a survey published by the BioMed Central of Ophthalmology, in January 2021, titled 'Prevalence and associated factors of vision loss in the South African National Health and Nutrition Examination Survey (SANHANES-1)', vision loss is a serious public health issue that is particularly prevalent in underdeveloped countries including South Africa. In addition, as per the same source, Southern sub-Saharan Africa comprising five countries (including South Africa) has a crude prevalence of vision loss of 2.11%, with cataracts (0.59%) and uncorrected refractive error (0.84%) being the main causes. Thus, the high burden of eye-related diseases is expected to increase the demand for effective treatment and surgery, which is further anticipated to propel the demand for ophthalmic devices, thereby contributing to market growth.
However, the risk associated with ophthalmic procedures is likely to restrain the market growth over the forecast period.
South Africa Ophthalmic Devices Market Trends
Intraocular Lenses Segment Expects to Register a High CAGR in the South Africa Ophthalmic Devices Market During the Forecast Period
Intraocular lenses (IOLs) are long-term, artificial lenses that can restore both near and far vision by swapping out the eye's native lens. IOLs are most frequently used in cataract surgery to replace damaged lenses. For instance, premium intraocular lenses are used for patients with glaucoma during cataract surgery, after removing the cataract, and a new lens is placed into the eye.
Several types of intraocular lenses are monofocal (one focusing distance, providing either near, medium, or distance vision), multifocal (have multiple focusing distances in different areas of the lens, capable of bringing into focus objects that are at a far, medium, or close distance from the patient's eye), extended depth of focus (have the potential to give patients distance, medium, and even some near vision) and toric (has different focusing powers in different areas of the lens to correct astigmatism (irregularly shaped cornea).
The factors attributed to the market growth are the rising eye disorders and the increasing adoption of intraocular lenses. For instance, according to an article published in January 2021, titled 'Prevalence and associated factors of vision loss in the South African National Health and Nutrition Examination Survey', the prevalence of blindness with cataract, refractive error, and glaucoma was 0.90%, a major leading cause of vision loss in South Africa.
In addition, the rising geriatric population is also contributing to market growth as aging causes various structural and physiological changes that predispose adults to ocular morbidity (such as presbyopia, cataract, glaucoma, and age-related macular degeneration). For instance, according to the 2022 statistics published by the United Nations Population Fund, in South Africa, a large proportion of the living population is aged 15-64 and accounts for 66% in 2022. In addition, as per the same source, 6% of the population is aged 65 years and above in 2022.
Thus, owing to the aforementioned factors, the market is expected to grow significantly during the forecast period.
South Africa Ophthalmic Devices Industry Overview
The market studied is moderately competitive and there are several local as well as international companies that are operating in South Africa's ophthalmic market. The global players in the South Africa ophthalmic devices market are Alcon Inc., Carl Zeiss Meditec AG, Hoya Corporation, Johnson and Johnson, Nidek Co. Ltd, Topcon Corporation, and Ziemer Group AG.
South Africa Ophthalmic Devices Market Leaders
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Alcon Inc.
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Bausch Health Companies Inc.
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Johnson and Johnson
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Ziemer Group AG
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Carl Zeiss Meditec AG
*Disclaimer: Major Players sorted in no particular order
South Africa Ophthalmic Devices Market News
- In April 2022, Liqid Medical designed a novel ocular implant, the OptiShunt, that uses a simple concept to revolutionize the treatment of glaucoma.
- In December 2021, Eyenuk launched a new Diabetic Retinopathy Screening Benefit nationwide in South Africa, powered by the cutting-edge EyeArt AI System helping enable the detection of the onset of diabetic retinopathy as early as possible.
South Africa 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
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4.2 Market Drivers
- 4.2.1 Rising Burden of Eye Disorders
- 4.2.2 Technological Advancements
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4.3 Market Restraints
- 4.3.1 Risk Associated with Ophthalmic Procedures
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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 in USD million)
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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
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6.1 Company Profiles
- 6.1.1 Alcon Inc.
- 6.1.2 Bausch Health Companies Inc.
- 6.1.3 Carl Zeiss Meditec AG
- 6.1.4 Hoya Corporation
- 6.1.5 Johnson and Johnson
- 6.1.6 Nidek Co. Ltd
- 6.1.7 Topcon Corporation
- 6.1.8 Ziemer Group AG
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablitySouth Africa Ophthalmic Devices Industry Segmentation
As per the scope of the report, ophthalmology is a branch of medical science that deals with structure, function, and various diseases related to the eye. Ophthalmic devices are medical equipment designed for diagnosis, surgical, and vision correction purposes. The South Africa Ophthalmic Devices Market is segmented by Devices (Surgical Devices, and Diagnostic and Monitoring Devices). The report offers the value (in USD million) for the above segments.
| By Devices | Surgical Devices | Glaucoma Devices |
| Intraocular Lenses | ||
| Lasers | ||
| Other Surgical Devices | ||
| By Devices | Diagnostic and Monitoring Devices | Autorefractors and Keratometers |
| Ophthalmic Ultrasound Imaging Systems | ||
| Ophthalmoscopes | ||
| Optical Coherence Tomography Scanners | ||
| Other Diagnostic and Monitoring Devices |
South Africa Ophthalmic Devices Market Research FAQs
How big is the South Africa Ophthalmic Devices Market?
The South Africa Ophthalmic Devices Market size is expected to reach USD 238.14 million in 2024 and grow at a CAGR of 4.41% to reach USD 295.51 million by 2029.
What is the current South Africa Ophthalmic Devices Market size?
In 2024, the South Africa Ophthalmic Devices Market size is expected to reach USD 238.14 million.
Who are the key players in South Africa Ophthalmic Devices Market?
Alcon Inc., Bausch Health Companies Inc., Johnson and Johnson, Ziemer Group AG and Carl Zeiss Meditec AG are the major companies operating in the South Africa Ophthalmic Devices Market.
What years does this South Africa Ophthalmic Devices Market cover, and what was the market size in 2023?
In 2023, the South Africa Ophthalmic Devices Market size was estimated at USD 227.64 million. The report covers the South Africa Ophthalmic Devices Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South Africa Ophthalmic Devices Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
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