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Ophthalmic Instrument Manufacturing in the US Industry Data and Analysis
Distribution issues and volatile material prices have caused ophthalmic instrument sales to waver over the past five years. As the population of the United States ages, the number of consumers suffering from eye conditions will rise. Older individuals are more susceptible to developing macular degeneration, cataracts, glaucoma and diabetic retinal disease. Thus, demand for ophthalmology procedures rises as the domestic population ages, boosting ophthalmic instrument sales. However, trade disruptions and inflation have caused material prices to rise, driving up the cost of ophthalmic instruments. As the cost of ophthalmic care rises and consumers face tighter budgets, people are more likely to forgo non-essential ophthalmic procedures like LASIK. As a result, revenue has declined at a CAGR of 0.9% to $3.7 billion over the five years to 2025.
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What's included in this industry analysis
IBISWorld's research coverage on the Ophthalmic Instrument Manufacturing industry in the United States includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released May 2025.
About this industry
What's this industry report about?
The Ophthalmic Instrument Manufacturing industry in the United States operates under the NAICS industry code OD5648. This industry manufactures ophthalmic diagnostic instruments and surgical equipment used in eye-related medical procedures. Examples of diagnostic equipment include optical coherence tomography scanners, ophthalmic ultrasound systems, cameras, scopes, tonometers and lighting equipment. Examples of surgical equipment include ophthalmic lasers, as well as cataract, glaucoma, refractive and other surgery devices. Related terms covered in the Ophthalmic Instrument Manufacturing industry in the United States include ophthalmologist, medicare, age-related macular degeneration, refractive error, cataract and glaucoma.
What's included in this industry?
Products and services covered in Ophthalmic Instrument Manufacturing industry in the United States include Surgical systems and instruments, Diagnostic equipment and Laser surgical equipment.
What companies are included in this industry?
Companies covered in the Ophthalmic Instrument Manufacturing industry in the United States include Alcon inc., Johnson & Johnson and Bausch Health Companies Inc.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Ophthalmic Instrument Manufacturing industry in the United States.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Ophthalmic Instrument Manufacturing industry in the United States.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Ophthalmic Instrument Manufacturing industry in the United States.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Ophthalmic Instrument Manufacturing industry in the United States. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Ophthalmic Instrument Manufacturing industry in the United States. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Ophthalmic Instrument Manufacturing industry in the United States. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Ophthalmic Instrument Manufacturing industry in the United States. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Ophthalmic Instrument Manufacturing industry in the United States.
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Frequently Asked Questions
What is the market size of the Ophthalmic Instrument Manufacturing industry in the United States in 2026?
The market size of the Ophthalmic Instrument Manufacturing industry in the United States is $3.7bn in 2026.
How many businesses are there in the Ophthalmic Instrument Manufacturing industry in the United States in 2025?
There are 138 businesses in the Ophthalmic Instrument Manufacturing industry in the United States, which has declined at a CAGR of 2.3 % between 2020 and 2025.
How may import tariffs affect the Ophthalmic Instrument Manufacturing industry in the United States?
The Ophthalmic Instrument Manufacturing industry in the United States is likely to be significantly impacted by import tariffs with imports accounting for a high share of industry revenue.
How may export tariffs affect the Ophthalmic Instrument Manufacturing industry in the United States?
The Ophthalmic Instrument Manufacturing industry in the United States is likely to be significantly impacted by export tariffs with exports accounting for a high share of industry revenue.
Has the Ophthalmic Instrument Manufacturing industry in the United States grown or declined over the past 5 years?
The market size of the Ophthalmic Instrument Manufacturing industry in the United States has been declining at a CAGR of 0.9 % between 2020 and 2025.
What is the forecast growth of the Ophthalmic Instrument Manufacturing industry in the United States over the next 5 years?
Over the next five years, the Ophthalmic Instrument Manufacturing industry in the United States is expected to grow.
What are the biggest companies in the Ophthalmic Instrument Manufacturing industry in the United States?
The biggest companies operating in the Ophthalmic Instrument Manufacturing industry in the United States are Alcon inc., Johnson & Johnson and Bausch Health Companies Inc.
What does the Ophthalmic Instrument Manufacturing industry in the United States include?
Manufacturing of surgical systems and instruments and Manufacturing of eye-care diagnostic equipment are part of the Ophthalmic Instrument Manufacturing industry in the United States.
Which companies have the highest market share in the Ophthalmic Instrument Manufacturing industry in the United States?
The company holding the most market share in the Ophthalmic Instrument Manufacturing industry in the United States is Alcon inc..
How competitive is the Ophthalmic Instrument Manufacturing industry in the United States?
The level of competition is high and steady in the Ophthalmic Instrument Manufacturing industry in the United States.
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