South Africa Ophthalmic Devices Market Size (2024 - 2029)

The South Africa ophthalmic devices market is experiencing growth driven by an increasing prevalence of eye disorders and technological advancements. Despite the challenges posed by the COVID-19 pandemic, which significantly reduced ophthalmic services and impacted market expansion, the demand for ophthalmic devices is expected to rise due to the high burden of eye-related diseases. Factors such as the limited number of healthcare practitioners and the risks associated with ophthalmic procedures may restrain market growth. Nonetheless, the need for effective treatments and surgeries is anticipated to propel the market size over the forecast period.

Market Size of South Africa Ophthalmic Devices Industry

CAGR
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

South Africa Ophthalmic Devices Market Major Players

*Disclaimer: Major Players sorted in no particular order

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 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
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 Africa Ophthalmic Devices Market Size Summary

The South Africa ophthalmic devices market is poised for growth, driven by the increasing prevalence of eye disorders and technological advancements in the field. The market has faced challenges due to the COVID-19 pandemic, which significantly reduced ophthalmic services and highlighted the shortage of healthcare practitioners. Despite these challenges, the rising burden of eye-related diseases, such as cataracts, glaucoma, and diabetic retinopathy, is expected to boost the demand for ophthalmic devices. The market is also seeing a growing adoption of intraocular lenses, which are crucial for cataract surgeries and other eye procedures. The aging population in South Africa further contributes to market expansion, as age-related ocular conditions become more prevalent.

The competitive landscape of the South Africa ophthalmic devices market includes both local and international players, with companies like Alcon Inc., Carl Zeiss Meditec AG, and Johnson and Johnson leading the charge. Innovations such as Liqid Medical's OptiShunt for glaucoma treatment and Eyenuk's EyeArt AI System for diabetic retinopathy screening are indicative of the market's dynamic nature. These advancements, coupled with the increasing demand for effective eye care solutions, are expected to drive significant market growth during the forecast period. However, the inherent risks associated with ophthalmic procedures may pose challenges to market expansion.

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South Africa Ophthalmic Devices Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Rising Burden of Eye Disorders

      2. 1.2.2 Technological Advancements

    3. 1.3 Market Restraints

      1. 1.3.1 Risk Associated with Ophthalmic Procedures

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size by Value in USD million)

    1. 2.1 By Devices

      1. 2.1.1 Surgical Devices

        1. 2.1.1.1 Glaucoma Devices

        2. 2.1.1.2 Intraocular Lenses

        3. 2.1.1.3 Lasers

        4. 2.1.1.4 Other Surgical Devices

      2. 2.1.2 Diagnostic and Monitoring Devices

        1. 2.1.2.1 Autorefractors and Keratometers

        2. 2.1.2.2 Ophthalmic Ultrasound Imaging Systems

        3. 2.1.2.3 Ophthalmoscopes

        4. 2.1.2.4 Optical Coherence Tomography Scanners

        5. 2.1.2.5 Other Diagnostic and Monitoring Devices

South Africa Ophthalmic Devices Market Size FAQs

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.

In 2024, the South Africa Ophthalmic Devices Market size is expected to reach USD 238.14 million.

South Africa Ophthalmic Devices Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)