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India Ophthalmic Drugs Devices Market

ID: MRFR/Pharma/51786-HCR
200 Pages
Garvit Vyas
February 2026

India Ophthalmic Drugs and Devices Market Research Report By Product (Drugs, Devices) and By Treatment (Eye Infections, Allergic Conjunctivitis, Dry Eyes Syndrome, Red Eyes, Inflammation, Others) - Growth & Industry Forecast 2025 To 2035

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India Ophthalmic Drugs Devices Market Summary

As per analysis, the India Ophthalmic Drugs Devices Market is projected to grow from USD 2.33 Billion in 2025 to USD 3.79 Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 5.14% during the forecast period (2025 - 2035).

Key Market Trends & Highlights

The India ophthalmic drugs and devices market is poised for substantial growth driven by technological advancements and increasing awareness of eye health.

  • Technological advancements in ophthalmic devices are reshaping treatment methodologies, particularly in cataract surgery, which remains the largest segment.
  • Rising awareness of eye health is contributing to a growing demand for glaucoma treatment, identified as the fastest-growing segment.
  • Government initiatives aimed at improving healthcare access are enhancing the overall market landscape, fostering innovation and investment.
  • The increasing prevalence of eye disorders and rising consumer education are key drivers propelling the market forward.

Market Size & Forecast

2024 Market Size 2.18 (USD Billion)
2035 Market Size 3.79 (USD Billion)
CAGR (2025 - 2035) 5.14%

Major Players

Novartis (CH), Allergan (IE), Bausch + Lomb (CA), Johnson & Johnson (US), Santen Pharmaceutical (JP), Alcon (CH), Merck (DE), Pfizer (US), Hoya Corporation (JP)

Our Impact
Enabled $4.3B Revenue Impact for Fortune 500 and Leading Multinationals
Partnering with 2000+ Global Organizations Each Year
30K+ Citations by Top-Tier Firms in the Industry

India Ophthalmic Drugs Devices Market Trends

The India Ophthalmic Drugs Devices Market is currently experiencing notable growth, driven by an increasing prevalence of eye disorders and a rising awareness of eye health among the population. The market appears to be influenced by advancements in technology, which facilitate the development of innovative treatment options and diagnostic tools. Furthermore, the government of India has been actively promoting initiatives aimed at enhancing healthcare access, which may contribute to the expansion of this sector. As a result, various stakeholders, including pharmaceutical companies and medical device manufacturers, are likely to invest in research and development to meet the evolving needs of patients. In addition, the market seems to be characterized by a growing demand for specialized ophthalmic products, such as anti-glaucoma medications and surgical devices. This trend indicates a shift towards more targeted therapies that address specific conditions. Moreover, the increasing geriatric population in India, which is more susceptible to vision-related issues, could further drive the demand for ophthalmic drugs and devices. Overall, the india ophthalmic drugs devices market appears poised for continued growth, reflecting broader trends in healthcare and technology adoption.

Technological Advancements in Ophthalmic Devices

The india ophthalmic drugs devices market is witnessing a surge in technological innovations, particularly in diagnostic and surgical equipment. Enhanced imaging techniques and minimally invasive surgical tools are becoming more prevalent, potentially improving patient outcomes and reducing recovery times. This trend suggests that manufacturers are focusing on integrating advanced technologies to provide more effective solutions for eye care.

Rising Awareness of Eye Health

There is a growing awareness regarding the importance of eye health among the Indian population. Public health campaigns and educational initiatives are likely contributing to increased screenings and consultations for eye-related issues. This heightened awareness may lead to a greater demand for ophthalmic drugs and devices, as individuals seek timely interventions for their eye conditions.

Government Initiatives and Healthcare Access

The government of India appears to be implementing various initiatives aimed at improving healthcare access, particularly in rural areas. These efforts may include subsidizing ophthalmic treatments and promoting eye care services. Such initiatives could enhance the availability of ophthalmic drugs and devices, thereby fostering market growth and ensuring that more individuals receive necessary eye care.

India Ophthalmic Drugs Devices Market Drivers

Government Policies and Support

Government initiatives aimed at improving healthcare access are significantly influencing the India Ophthalmic Drugs Devices Market. The National Health Mission and various state-level programs are focused on enhancing eye care services, particularly in rural areas. These policies often include subsidized treatments and awareness campaigns, which encourage individuals to seek eye care. Furthermore, the government's push for Make in India has led to increased local manufacturing of ophthalmic devices, reducing costs and improving availability. Such supportive measures are likely to stimulate growth in the india ophthalmic drugs devices market, as they create a more favorable environment for both manufacturers and consumers.

Increasing Prevalence of Eye Disorders

The rising incidence of eye disorders in India is a pivotal driver for the India Ophthalmic Drugs Devices Market. With an estimated 62 million people suffering from refractive errors and a significant number affected by cataracts and glaucoma, the demand for effective ophthalmic drugs and devices is surging. This trend is further exacerbated by the aging population, as older individuals are more susceptible to various eye conditions. The increasing prevalence of diabetes, which is linked to diabetic retinopathy, also contributes to the growing market. As awareness of these conditions rises, patients are more likely to seek treatment, thereby propelling the growth of the india ophthalmic drugs devices market.

Rising Consumer Awareness and Education

Consumer awareness regarding eye health is on the rise in India, which is positively impacting the India Ophthalmic Drugs Devices Market. Educational campaigns by non-governmental organizations and healthcare providers are informing the public about the importance of regular eye check-ups and early detection of eye diseases. This heightened awareness is leading to increased demand for ophthalmic drugs and devices, as individuals are more proactive in seeking treatment. Moreover, the proliferation of digital media has facilitated the dissemination of information, making it easier for consumers to understand their eye health needs. As awareness continues to grow, it is likely to drive further expansion in the india ophthalmic drugs devices market.

Technological Innovations in Ophthalmology

Technological advancements in ophthalmic devices are transforming the landscape of the India Ophthalmic Drugs Devices Market. Innovations such as minimally invasive surgical techniques, advanced diagnostic tools, and smart contact lenses are enhancing patient outcomes and driving market growth. For instance, the introduction of femtosecond lasers for cataract surgery has improved precision and reduced recovery times. Moreover, the integration of artificial intelligence in diagnostic equipment is streamlining the detection of eye diseases, making it more efficient. These technological innovations not only improve the quality of care but also attract investments, thereby fostering a competitive environment in the india ophthalmic drugs devices market.

Growing Investment in Healthcare Infrastructure

The expansion of healthcare infrastructure in India is a crucial driver for the India Ophthalmic Drugs Devices Market. With increasing investments in hospitals and clinics, particularly in tier-2 and tier-3 cities, access to eye care services is improving. This growth is supported by both public and private sectors, with numerous initiatives aimed at enhancing healthcare facilities. As more healthcare providers incorporate advanced ophthalmic devices and treatments, the market is expected to witness substantial growth. Additionally, the establishment of specialized eye hospitals is likely to increase the demand for innovative ophthalmic drugs and devices, further propelling the india ophthalmic drugs devices market.

Market Segment Insights

By Application: Cataract Surgery (Largest) vs. Glaucoma Treatment (Fastest-Growing)

The India ophthalmic drugs devices market is seeing significant segmentation driven by application areas such as Cataract Surgery, Glaucoma Treatment, Retinal Disorders, Infection Treatment, and Dry Eye Treatment. Among these, Cataract Surgery holds the largest market share, reflecting the high prevalence of cataracts in the aging population. Glaucoma Treatment is rapidly gaining traction and is recognized as the fastest-growing segment due to increasing awareness and advancements in treatment options. Other segments like Retinal Disorders and Infection Treatment also contribute but with relatively smaller shares.

Cataract Surgery (Dominant) vs. Glaucoma Treatment (Emerging)

Cataract Surgery is the dominant application in the India ophthalmic drugs devices market, primarily due to the high incidence of cataracts among the elderly, prompting a consistent demand for surgical interventions and innovative solutions. The technology surrounding cataract surgery devices is advancing rapidly, enhancing patient outcomes and procedural efficiency. On the other hand, Glaucoma Treatment is identified as an emerging application, driven by the rising incidence of glaucoma and increasing patient awareness toward early diagnosis and treatment. The market is witnessing a shift as new drug formulations and delivery systems are introduced, promising better adherence to therapy and improved safety profiles. Both segments play crucial roles in the evolving ophthalmic landscape.

By Device Type: Intraocular Lenses (Largest) vs. Contact Lenses (Fastest-Growing)

In the India ophthalmic drugs devices market, the device type segment displays a diverse distribution of market shares among its various categories. Intraocular lenses hold the largest share, reflecting their integral role in cataract surgeries and vision correction. Additionally, surgical instruments and diagnostic equipment also occupy significant portions of the market, driven by ongoing advancements in surgical procedures and diagnostic technology. The contact lenses segment, on the other hand, is identified as the fastest-growing category in this market. This growth is fueled by rising awareness of vision care, an increase in myopic and hyperopic patients, and the growing preference for contact lenses over traditional eyeglasses. The overall trend indicates a shift in consumer preference towards more flexible and comfort-oriented vision solutions, promoting innovation in lens materials and designs.

Intraocular Lenses: Dominant vs. Contact Lenses: Emerging

Intraocular lenses, as a dominant segment in the India ophthalmic drugs devices market, are crucial for enhancing vision post-cataract surgery, making them essential in the overall treatment regimen. They benefit from long-standing consumer trust and consistent demand, driven by an aging population and increasing instances of cataracts. Their market position is supported by continuous innovation and the introduction of various lens types tailored for specific vision requirements. Conversely, contact lenses represent an emerging segment, capturing the interest of younger consumers seeking convenience and aesthetic appeal. As innovations in materials make lenses more comfortable and longer-lasting, this segment is rapidly expanding. Advances in technology are resulting in soft and rigid gas permeable lenses that offer better oxygen permeability, thereby enhancing wearers' experience. Both segments illustrate the dynamic shifts in consumer preferences for vision correction.

By End User: Hospitals (Largest) vs. Eye Clinics (Fastest-Growing)

In the India ophthalmic drugs and devices market, the end user segment is primarily composed of hospitals, eye clinics, home care settings, research institutions, and pharmacies. Among these, hospitals represent the largest share, driven by the comprehensive services they provide and their capacity to treat a high volume of patients. Eye clinics, however, are on a rapid growth trajectory, attracting patients seeking specialized care and quicker services, which has led to their increasing prominence in the market.

Hospitals (Dominant) vs. Eye Clinics (Emerging)

Hospitals are the dominant end user in the Indian ophthalmic drugs and devices market, offering a wide range of services and advanced surgical options that meet the diverse needs of patients with eye-related conditions. They have established robust infrastructures and are often the first point of contact for emergencies or complex treatments. On the other hand, eye clinics are emerging as critical players, appealing to patients who prefer dedicated eye care services in a more accessible and less intimidating environment. These facilities typically offer personalized services, quicker appointment times, and specialized treatment options, making them a preferred choice among patients seeking timely eye care.

Get more detailed insights about India Ophthalmic Drugs Devices Market

Key Players and Competitive Insights

The competitive dynamics of the ophthalmic drugs and devices market in India are characterized by a blend of innovation, strategic partnerships, and regional expansion. Key growth drivers include an increasing prevalence of eye disorders, a rising geriatric population, and advancements in technology. Major players such as Novartis (CH), Johnson & Johnson (US), and Alcon (CH) are actively shaping the landscape through their operational focuses. Novartis (CH) emphasizes innovation in drug development, particularly in the area of gene therapy for retinal diseases, while Johnson & Johnson (US) is enhancing its portfolio through strategic acquisitions and expanding its surgical devices segment. Alcon (CH) is concentrating on digital transformation, integrating advanced technologies into its product offerings, which collectively influences the competitive environment by fostering a culture of continuous improvement and responsiveness to market needs.

In terms of business tactics, companies are increasingly localizing manufacturing to reduce costs and enhance supply chain efficiency. The market structure appears moderately fragmented, with several key players holding substantial market shares. This fragmentation allows for a diverse range of products and services, yet the collective influence of major companies like Merck (DE) and Bausch + Lomb (CA) is significant, as they drive innovation and set industry standards.

In December 2025, Novartis (CH) announced a collaboration with a leading Indian biotech firm to develop a novel treatment for diabetic retinopathy. This strategic move is likely to enhance Novartis's position in the Indian market by leveraging local expertise and accelerating the development of therapies tailored to regional needs. Such collaborations may also facilitate quicker regulatory approvals and market entry.

In November 2025, Johnson & Johnson (US) launched a new line of advanced intraocular lenses designed to improve patient outcomes in cataract surgery. This product introduction not only reflects the company's commitment to innovation but also positions it competitively against other players in the market. The focus on enhancing surgical outcomes aligns with the growing demand for high-quality ophthalmic solutions in India.

In October 2025, Alcon (CH) unveiled a digital platform aimed at improving patient engagement and education regarding eye health. This initiative underscores Alcon's strategy to integrate technology into its offerings, potentially leading to better patient adherence and satisfaction. By prioritizing digital solutions, Alcon is likely to differentiate itself in a crowded marketplace, appealing to tech-savvy consumers and healthcare providers alike.

As of January 2026, current trends in the ophthalmic drugs and devices market are increasingly defined by digitalization, sustainability, and the integration of artificial intelligence (AI). Strategic alliances are becoming more prevalent, as companies recognize the value of collaboration in driving innovation and enhancing product offerings. The competitive landscape is shifting from a focus on price-based competition to one centered on technological advancements and supply chain reliability. This evolution suggests that future differentiation will hinge on the ability to innovate and respond to the dynamic needs of the market.

Key Companies in the India Ophthalmic Drugs Devices Market include

Industry Developments

The recent developments in the India Ophthalmic Drugs and Devices Market are marked by significant advancements and activities involving several major players. Allergan and Novartis are expanding their product lines, with recent approvals showcasing innovative treatments in glaucoma and ocular surface disease.

In August 2023, Lupin Pharmaceuticals announced a robust pipeline for ophthalmic diseases, emphasizing research efforts aimed at addressing unmet needs in the market. Dr. Reddy's Laboratories continues to strengthen its presence with new partnerships aimed at producing advanced drug delivery systems.

Merck launched new therapies targeted for retinal diseases, contributing to growth in market valuation alongside strong competition from Alcon and Johnson and Johnson. In terms of mergers and acquisitions, there has been notable activity, particularly in August 2023, when Aerie Pharmaceuticals acquired a strategic partnership with Bausch Health, further aligning itself in the ophthalmic market.

The Indian government's recent initiatives to improve healthcare access, including ophthalmic care, have spurred market growth, with expenditures in healthcare projected to rise significantly by the end of 2024. These developments reflect an evolving landscape where innovation meets rising healthcare demands among the Indian population.

Future Outlook

India Ophthalmic Drugs Devices Market Future Outlook

The India ophthalmic drugs devices market is projected to grow at a 5.14% CAGR from 2025 to 2035, driven by increasing prevalence of eye disorders and technological advancements.

New opportunities lie in:

  • Development of teleophthalmology platforms for remote consultations.
  • Investment in AI-driven diagnostic tools for early detection.
  • Expansion of personalized medicine approaches in ophthalmic treatments.

By 2035, the market is expected to be robust, driven by innovation and increasing demand.

Market Segmentation

India Ophthalmic Drugs Devices Market End User Outlook

  • Hospitals
  • Eye Clinics
  • Home Care Settings
  • Research Institutions
  • Pharmacies

India Ophthalmic Drugs Devices Market Application Outlook

  • Cataract Surgery
  • Glaucoma Treatment
  • Retinal Disorders
  • Infection Treatment
  • Dry Eye Treatment

India Ophthalmic Drugs Devices Market Device Type Outlook

  • Surgical Instruments
  • Diagnostic Equipment
  • Contact Lenses
  • Intraocular Lenses
  • Ophthalmic Solutions

Report Scope

MARKET SIZE 20242.18(USD Billion)
MARKET SIZE 20252.33(USD Billion)
MARKET SIZE 20353.79(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)5.14% (2024 - 2035)
REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR2024
Market Forecast Period2025 - 2035
Historical Data2019 - 2024
Market Forecast UnitsUSD Billion
Key Companies ProfiledNovartis (CH), Allergan (IE), Bausch + Lomb (CA), Johnson & Johnson (US), Santen Pharmaceutical (JP), Alcon (CH), Merck (DE), Pfizer (US), Hoya Corporation (JP)
Segments CoveredApplication, Device Type, End User
Key Market OpportunitiesEmergence of advanced diagnostic tools enhances treatment accessibility in the india ophthalmic drugs devices market.
Key Market DynamicsRising demand for advanced ophthalmic devices drives innovation and competition in India's healthcare sector.
Countries CoveredIndia
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FAQs

What is the current valuation of the India ophthalmic drugs and devices market?

The market valuation was 2.18 USD Billion in 2024.

What is the projected market size for the India ophthalmic drugs and devices market by 2035?

The market is projected to reach 3.79 USD Billion by 2035.

What is the expected CAGR for the India ophthalmic drugs and devices market during the forecast period?

The expected CAGR for the market from 2025 to 2035 is 5.14%.

Which segments are included in the India ophthalmic drugs and devices market?

The market segments include applications, device types, and end users.

What was the valuation of the cataract surgery segment in 2024?

The cataract surgery segment was valued at 0.87 USD Billion in 2024.

How much is the glaucoma treatment segment expected to grow by 2035?

The glaucoma treatment segment is projected to grow from 0.43 USD Billion in 2024 to 0.76 USD Billion by 2035.

Which companies are considered key players in the India ophthalmic drugs and devices market?

Key players include Novartis, Allergan, Bausch + Lomb, Johnson & Johnson, and others.

What is the projected valuation for the surgical instruments segment by 2035?

The surgical instruments segment is expected to reach 0.8 USD Billion by 2035.

What was the market size for eye clinics in 2024?

The market size for eye clinics was 0.55 USD Billion in 2024.

How does the market for ophthalmic solutions compare between 2024 and 2035?

The ophthalmic solutions segment is expected to grow from 0.45 USD Billion in 2024 to 0.74 USD Billion by 2035.

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