South Korea Ophthalmic Devices Market 2025 | Growth, Trends, and Forecast by 2033
South Korea Ophthalmic Devices Market Overview
Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Growth Rate: 5.55% (2025-2033)
The ophthalmic devices sector in South Korea is witnessing robust growth, driven by advanced technologies and increasing demand for eye care solutions. According to the latest report by IMARC Group, the South Korea ophthalmic devices market size reached USD 220 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 358.8 Million by 2033, exhibiting a growth rate (CAGR) of 5.55% during 2025-2033.
South Korea Ophthalmic Devices Industry Trends and Drivers:
The South Korea ophthalmic devices market is expanding rapidly, owing to several interconnected factors. Primarily, the market is driven by the rising incidence of eye conditions, such as glaucoma, macular degeneration, and cataracts, particularly in the aging population. Besides this, the growing awareness regarding early detection and treatment of eye conditions is also contributing to the expansion of the South Korea ophthalmic devices market. Furthermore, the rising adoption of digital technologies in healthcare, such as telemedicine and AI-driven diagnostic tools, has enabled highly efficient and precise treatments, propelling the demand for innovative ophthalmic devices. In line with these factors, the initiatives of the South Korean government bodies to enhance healthcare infrastructure, along with the increasing healthcare expenditure, are fostering the development and adoption of these technologies.
The rising need for less intrusive surgeries, like laser-assisted cataracts as well as refractive surgeries, as patients look for safer and more effective treatments is also fueling the expansion of the South Korea ophthalmic devices market. Meanwhile, the increasing usage of contact lenses and spectacles, which is being driven by the growth in myopia and other vision-related disorders, especially among younger populations due to increased screen time, is another major trend propelling the market. Consequently, international companies are also investing in South Korea to capitalize on the expanding market by offering cutting-edge technologies. Apart from this, the integration of artificial intelligence and robotics in ophthalmic surgeries is further expected to revolutionize the South Korea ophthalmic devices market, making treatments more precise and accessible in the coming years.
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South Korea Ophthalmic Devices Industry Segmentation:
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 a part of the customization.
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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to 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, and benchmarking analyses, pricing and cost research, and procurement research.
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