Ophthalmic Devices - Israel | Statista Market Forecast

The Ophthalmic Devices market market in Israel is expected to achieve a revenue of US$242.66m in 2025.
This market is projected to experience a steady annual growth rate (CAGR 2025-2029) of 5.86%, leading to a market volume of US$304.76m by 2029.
It is worth noting that in terms of global comparison, the United States is anticipated to generate the highest revenue in this market, with an estimated revenue of US$14.82bn in 2025.
Israel's booming medical technology sector has made it a hub for innovation in ophthalmic devices, attracting global investment and fostering cutting-edge research.

Definition:
Ophthalmic devices refer to medical devices used for diagnosis of eye diseases, related surgeries, and vision correction.

Additional information:
Market values represent revenues paid to primary vendors at manufacturer price level either directly or through distribution channels (excluding VAT). Reported market revenues include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Revenues are allocated to the country where the money is spent.

Company examples: Essilor International, Johnson & Johnson, Bausch Health Companies. Further information on the key players can be found in the Market Shares boxes.

Ophthalmology diagnostic & surgical devices
Vision care

Ophthalmology pharmaceuticals
Ophthalmology supplements

Medical Devices: market data & analysis

The Ophthalmic Devices market in Israel is experiencing significant growth and development due to various factors. Customer preferences in the Ophthalmic Devices market in Israel are largely influenced by the global trends and advancements in technology. Customers in Israel, like in many other countries, are increasingly seeking innovative and high-quality ophthalmic devices that can provide accurate diagnoses and effective treatments for eye conditions. They are particularly interested in devices that offer non-invasive procedures, minimal discomfort, and quick recovery times. Additionally, customers in Israel prioritize devices that are user-friendly and can be easily integrated into their existing healthcare systems. One of the key trends in the Ophthalmic Devices market in Israel is the growing demand for laser-based devices. Laser technology has revolutionized the field of ophthalmology by offering precise and effective treatments for various eye conditions. In Israel, there is a high adoption rate of laser-based devices for procedures such as LASIK surgery, which corrects vision problems. The increasing popularity of laser-based devices can be attributed to their ability to provide quick and accurate results, minimal pain, and faster recovery times compared to traditional surgical methods. Another trend in the market is the rising demand for diagnostic devices. With the growing awareness about eye health and the importance of early detection and prevention of eye diseases, there is an increasing need for advanced diagnostic devices in Israel. These devices enable healthcare professionals to accurately diagnose eye conditions and provide appropriate treatments. Diagnostic devices such as optical coherence tomography (OCT) scanners and retinal cameras are in high demand in Israel due to their ability to provide detailed and precise images of the eye. Local special circumstances in Israel also contribute to the development of the Ophthalmic Devices market. Israel has a well-developed healthcare system with a strong emphasis on research and innovation. The country is home to several leading ophthalmic device manufacturers and research institutions, which drive the development of new and advanced devices. The government of Israel also provides support and incentives for the development and adoption of innovative medical technologies, including ophthalmic devices. These factors create a favorable environment for the growth of the Ophthalmic Devices market in Israel. Underlying macroeconomic factors, such as the increasing healthcare expenditure and the aging population in Israel, also play a significant role in the development of the Ophthalmic Devices market. As the population ages, the prevalence of eye diseases and conditions increases, leading to a higher demand for ophthalmic devices. The government's focus on improving healthcare infrastructure and increasing access to healthcare services further fuels the demand for ophthalmic devices in Israel. In conclusion, the Ophthalmic Devices market in Israel is experiencing growth and development driven by customer preferences for innovative and high-quality devices, trends such as the adoption of laser-based devices and diagnostic devices, local special circumstances including a strong healthcare system and government support, and underlying macroeconomic factors such as increasing healthcare expenditure and an aging population.

Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on medical devices and IVD revenues allocated to the country where the money is spent at manufacturer price levels excluding VAT.

Modeling approach / Market size:

Modeling employs a top-down approach with a bottom-up validation, using financial information of the key players by market. Market sizes are determined by a top-down approach, based on a specific rationale for each market market and allocated to the covered countries according to the global market shares. As a basis for evaluating markets, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, healthcare system, and regulations concerning medical products. Next, we use further relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, healthcare payer system, and regulations concerning medical products. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Health market, in a PDF format.

Medical technology plays a role in the lives of everyone. It includes most of all, medical devices which simplify the prevention, diagnosis, and treatment of diseases and illnesses. The most well-known medical technology products are, among others, pacemakers, imaging instruments, dialysis machines, and implants. The global medical technology industry was worth over 567 billion U.S. dollars annually. Established centers of this industry include North America and Western Europe. The United States is home to the world’s largest medical technology companies. As of 2022, Abbott Laboratories had the largest global revenue at over 31.2 billion U.S. dollars. The main focus of devices manufactured by the Chicago-based company are diagnostics, cardiovascular, and diabetes care. Two other medtech companies that round off the top three largest companies –Medtronic and Johnson & Johnson – are both based in the United States. Although, industry trends show that Asia, and in particular China, is about to play a more prominent role in the years to come.

Ophthalmic Devices - Israel

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