France Ophthalmic Devices Market

France Ophthalmic Devices Market Outlook 2031:

The France ophthalmic devices market size was valued at USD 1.33 Billion in 2022 and is likely reach to USD 1.88 Billion by 2031, expanding at a CAGR of 3.89% during the forecast period, 2023-2031. The growth of the market is attributed to the increasing prevalence of eye disorder and vision loss.

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Ophthalmology is known to be a field of clinical science that handles function, structure, and several eye diseases. Ophthalmic devices are clinical instruments that assist in analyzing and treating conditions of eyes. They can be used with an eye-care professional’s supervision, but some can also be self-administered by patients.

These range from simple tonometers to advanced diagnostic machines, such as laser surgical systems for correcting eyesight issues such as myopia and hypermetropia. These instruments are utilized during medical procedures along different items.

As per the World Health Organization (WHO), around 2.2 billion individuals can experience ill effects of vision impairment across the globe. The expanding prevalence of ophthalmic disorders such as myopia, diabetic retinopathy, and cataracts is estimated to drive the interest for advanced ophthalmic devices.

At the point when the World Health Organization (WHO) declared Covid-19 as an overall pandemic in March 2020, routine medical care arrangements were kept away to keep patients from getting infection, and ophthalmology services were especially affected. Numerous strategies are elective and most patients are older and in risk of experiencing Covid-19 side effects.

As the pandemic proceeds with an anticipated ‘third wave,’ ophthalmologists are endeavoring to reduce the backlog of strategies while adhering to safety protocols. The Covid-19 pandemic can prompt a long-term change for the market.

Ophthalmic Devices Market Trends, Drivers, Restraints, and Opportunities

• Growing geriatric population is estimated to accelerate the growth of the market.
• Rising awareness toward eye care one is one of the key factors fueling the market growth.
• Increasing implementation of new technologies along with increasing number of manufacturing facilities is estimated to drive the market growth.
• High prevalence of visual impairment and blindness is one of the major factors driving the market growth.
• High cost of some devices can restrain the growth of the market.
• The ongoing market shift toward image-guided interventions is expected to create lucrative opportunity for the France ophthalmic devices market.

Scope of Ophthalmic Devices Market Report

The report on the France ophthalmic devices market includes an assessment of the market, trends, segments, and Geography markets. Overview and dynamics have also been included in the report.

France Ophthalmic Devices Market Segment Insights

Vision correction devices segment is expected to grow at a robust pace

Based on devices, the market is segregated into surgical devices, diagnostic and monitoring devices, vision correction devices. The surgical devices segment is further classified as glaucoma drainage devices, glaucoma stents and implants, intraocular lenses, lasers and others.

The diagnostic and monitoring devices segment is further segmented into autorefractors and keratometers, corneal topography systems, ophthalmic ultrasound imaging systems, ophthalmoscopes, optical coherence tomography scanners, and others.

The vision correction devices segment is further classified as spectacles and contact lenses. The contact lenses sub-segment is anticipated to account for a significant market share during the forecast period. Rising prevalence of stress-induced eye disorders is presumed to promote the use of anti-glare contact lenses.

The main factors driving the development of contact lenses in France are the rising prevalence of astigmatism myopia, presbyopia and hypermetropia, expanding preference for contact lenses over prescription eyeglasses, and rising geriatric populace around the world.

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Segments

Devices

• Surgical Devices
  • Glaucoma Drainage Devices
  • Glaucoma Stents and Implants
  • Intraocular Lenses
  • Lasers
  • Others
• Diagnostic and Monitoring Devices
  • Autorefractors and Keratometers
  • Corneal Topography Systems
  • Ophthalmic Ultrasound Imaging Systems
  • Ophthalmoscopes
  • Optical Coherence Tomography Scanners
  • Others
• Vision Correction Devices
  • Spectacles
  • Contact Lenses

Country

• France

Key Players

• Johnson and Johnson
• Alcon Inc.
• Topcon Corporation
• Bausch Health Companies Inc.
• Carl Zeiss Meditec AG
• EssilorLuxottica SA
• HAAG-Streit Group
• Hoya Corporation
• Nidek Co. Ltd
• Ziemer Ophthalmic Systems AG.

Competitive Landscape

Key players competing in the France ophthalmic devices market are Johnson and Johnson; Alcon Inc.; Topcon Corporation; Bausch Health Companies Inc.; Carl Zeiss Meditec AG; EsilorLuxottica SA; HAAG-Streit Group; Hoya Corporation; Nidek Co. Ltd; and Ziemer Ophthalmic Systems AG.

Various significant organizations are adding to the development of the market in the country. For instance, Essilor International SA is another French-based worldwide ophthalmic optics organization that that designs, manufactures, and markets contact lenses to correct or protect eyesight.