Germany Ophthalmic Devices Market Share, Size & Trend | 2031
Germany Ophthalmic Devices Market Share, Size & Trend | 2031
Segments - Germany Ophthalmic Devices Market by Devices (Surgical Devices {Glaucoma Drainage Devices, Glaucoma Stents and Implants, Intraocular Lenses, Lasers, and Others}, Diagnostic & Monitoring Devices {Autorefractors & Keratometers, Corneal Topography Systems, Ophthalmic Ultrasound Imaging Systems, Ophthalmoscopes, Optical Coherence Tomography Scanners, and Others}, and Vision Correction Devices {Spectacles, Contact Lenses}) and Country (Germany) - Germany Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :HC-3862
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| 215 Pages
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Report Description
Germany Ophthalmic Devices Market Outlook 2031
The Germany ophthalmic devices market size was estimated at USD 2.54 Billion in 2022 and is anticipated to reach USD 3.75 Billion by 2031, expanding at a CAGR of 4.43% during the forecast period, 2023 - 2031. The growth of market is attributed to increased prevalence of eye diseases and demographic shift.
Ophthalmology is a medical specialty that deals with the anatomy, function, and illnesses of the eyes. Surgical, diagnostic, and vision correction devices are the three basic categories of ophthalmic devices depending on their function. These devices gain rising importance & adoption due to more prevalence of different ophthalmic diseases such as cataract, glaucoma, and other vision-related issues.
The Covid-19 pandemic affected the demand and supply of the Germany ophthalmic devices market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Due to lockdown, the ophthalmology diagnostics clinics are closed and the surgeries are postponed which is expected to limit the growth of the market.
Germany Ophthalmic Devices Market Trends, Drivers, Restraints, and Opportunities
- Increasing geriatric population with having more vision-related problems is projected to boost the market.
- Due to increasing ophthalmic diseases such as glaucoma, cataract, and others for that need of the technological advancements in ophthalmic devices, is estimated to fuel the market.
- Ophthalmic procedures and risks related to it are projected to hinder the market growth.
Scope of Germany Ophthalmic Devices Market Report
The report on the Germany ophthalmic devices market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Ophthalmic Devices Market - Germany Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Devices (Surgical Devices {Glaucoma Drainage Devices, Glaucoma Stents and Implants, Intraocular Lenses, Lasers, and Others}, Diagnostic and Monitoring Devices {Autorefractors & Keratometers, Corneal Topography Systems, Ophthalmic Ultrasound Imaging Systems, Ophthalmoscopes, Optical Coherence Tomography Scanners, and Others}, and Vision Correction Devices {Spectacles, Contact Lenses}) |
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Country Scope |
Germany |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Alcon Inc.; Bausch Health Companies Inc.; Johnson and Johnson.; Carl Zeiss Meditec AG.; Ziemer Ophthalmic Systems AG |
Germany Ophthalmic Devices Market Segment Insights
Devices Segment Analysis
Based on devices, the ophthalmic devices market is divided into surgical devices, diagnostic & monitoring devices, and vision correction devices. The surgical devices segment is further segregated into glaucoma drainage devices, glaucoma stents and implants, intraocular lenses, lasers, and others.
The diagnostic & monitoring devices segment is sub-segregated into autorefractors & keratometers, corneal topography systems, ophthalmic ultrasound imaging systems, ophthalmoscopes, optical coherence tomography scanners, and others.
The vision correction devices segment is further bifurcated into spectacles and contact lenses. The vision correction devices segment is projected to expand at a considerable CAGR during the forecast period because this help people with typical refractive defects like as myopia, hypermetropia, astigmatism, and presbyopia. Low vision is the result of certain visual impairments.
According to the United Nations world aging population report, Germany had one of the highest percentages of people aged 60 and more in 2017. Furthermore, most wealthy countries, such as Germany, are experiencing healthcare issues, mostly as a result of the expanding senior population. Illnesses and impaired vision are more common among the elderly. The need for vision correction products is predicted to rise as this population expands.
Country Outlook
Increased prevalence of eye diseases and demographic shift. Germany fosters pharmaceutical device research and, development as a result, has a very high healthcare spending.
Segments
The Germany ophthalmic devices market has been segmented on the basis of
Devices
- Surgical Devices
- Glaucoma Drainage Devices
- Glaucoma Stents & Implants
- Intraocular Lenses
- Lasers
- Others
- Diagnostic & Monitoring Devices
- Autorefractors & Keratometers
- Corneal Topography Systems
- Ophthalmic Ultrasound Imaging Systems
- Ophthalmoscopes
- Optical Coherence Tomography Scanners
- Others
- Vision Correction Devices
- Spectacles
- Contact Lenses
Country
- Germany
Key Players
- Alcon Inc.
- Bausch Health Companies Inc
- Johnson and Johnson
- Carl Zeiss Meditec AG
- Ziemer Ophthalmic Systems AG
Competitive Landscape
Key players competing in the Germany ophthalmic devices market include Alcon Inc.; Bausch Health Companies Inc.; Johnson and Johnson.; Carl Zeiss Meditec AG.; and Ziemer Ophthalmic Systems AG.
Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and raise their production line of the business in the coming years.
Frequently Asked Questions
Germany has high healthcare spending and fosters pharmaceutical device research and development, supporting continued innovation in ophthalmic devices.
Risks associated with ophthalmic procedures and certain market restraints may hinder growth.
The demand is rising due to a higher proportion of elderly individuals with vision impairments and the prevalence of refractive errors like myopia, hypermetropia, astigmatism, and presbyopia.
The market is segmented into surgical devices, diagnostic & monitoring devices, and vision correction devices.
Key companies include Alcon Inc., Bausch Health Companies Inc., Johnson and Johnson, Carl Zeiss Meditec AG, and Ziemer Ophthalmic Systems AG.
The pandemic caused supply chain disruptions, clinic closures, and postponed surgeries, leading to a temporary decline in market growth.
Key growth drivers include the increasing prevalence of eye diseases, a growing geriatric population, and technological advancements in ophthalmic devices.
Ophthalmic devices in Germany are categorized into surgical devices (such as glaucoma drainage devices, intraocular lenses, and lasers), diagnostic & monitoring devices (like autorefractors, corneal topography systems, and OCT scanners), and vision correction devices (including spectacles and contact lenses).
The market is expected to reach USD 3.75 billion by 2031, growing at a CAGR of 4.43% from 2023 to 2031.
The Germany ophthalmic devices market was valued at USD 2.54 billion in 2022.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Ophthalmic Devices Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Ophthalmic Devices Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Ophthalmic Devices Market - Supply Chain
4.5. Global Ophthalmic Devices Market Forecast
4.5.1. Ophthalmic Devices Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Ophthalmic Devices Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Ophthalmic Devices Market Absolute $ Opportunity
5. Global Ophthalmic Devices Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Ophthalmic Devices Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Ophthalmic Devices Demand Share Forecast, 2019-2026
6. North America Ophthalmic Devices Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Ophthalmic Devices Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Ophthalmic Devices Demand Share Forecast, 2019-2026
7. Latin America Ophthalmic Devices Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Ophthalmic Devices Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Ophthalmic Devices Demand Share Forecast, 2019-2026
8. Europe Ophthalmic Devices Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Ophthalmic Devices Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Ophthalmic Devices Demand Share Forecast, 2019-2026
9. Asia Pacific Ophthalmic Devices Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Ophthalmic Devices Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Ophthalmic Devices Demand Share Forecast, 2019-2026
10. Middle East & Africa Ophthalmic Devices Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Ophthalmic Devices Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Ophthalmic Devices Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Ophthalmic Devices Market: Market Share Analysis
11.2. Ophthalmic Devices Distributors and Customers
11.3. Ophthalmic Devices Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. Alcon Inc.
11.4.2. Bausch Health Companies Inc
11.4.3. Johnson and Johnson
11.4.4. Carl Zeiss Meditec AG
11.4.5. Ziemer Ophthalmic Systems AG
Methodology
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