Product Code: BMIRE00030901
The Europe ophthalmology devices market was valued at US$ 9,776.50 million in 2023 and is expected to reach US$ 16,575.70 million by 2031; it is estimated to register at a CAGR of 6.8% from 2023 to 2031.
Technological Advancements in Ophthalmic Devices Drive Europe Ophthalmology Devices Market
Technological innovation has always been fundamental to any discipline of life sciences, including ophthalmology, as modern devices are key to accurate diagnosis and improved treatments. Advancements in medications, diagnostic devices, laser systems, and surgical techniques have enabled the improved diagnosis of glaucoma, cataracts and macular degeneration, and dry eye disease. Virtual reality, 3D imaging, and big data and artificial intelligence (AI) are being used for data analysis in ophthalmology. These tools have made it possible to gain accurate and reliable results. Tools such as AI are being used in the screening of diabetic retinopathy, detection of lesions, and monitoring of the progress of certain diseases such as age-related macular degeneration or macular edema. However, these tools are still under development as they are being evaluated for their suitability in diagnostic and prognostic applications in ocular pathologies. Minimally invasive surgeries such as LASIK (i.e., laser-assisted in situ keratomileusis) surgery, femtosecond laser surgery, multi-wavelength diabetic retinopathy treatment, and ultrasound phacoemulsification are likely to increase the demand for ophthalmology devices, in turn, propelling the overall market growth.
Europe Ophthalmology Devices Market Overview
The Europe ophthalmology devices market is categorized into Germany, France, the UK, Spain, Italy, and the Rest of Europe. Countries such as Germany and Italy are expected to account for a significant share of the market in the region, and countries such as France, the UK, and Spain are likely to experience opportunities for the ophthalmology devices market growth during the forecast period. The Europe ophthalmology devices market is expected to grow in the coming years with the rising cases of eye diseases and the increasing adoption of varied techniques in diagnostics and treatments for those eye diseases.
As per the Federal Statistical Office (Destatis), 16.2 million people in Germany were age 67 and above by the end of 2021, and the figure is projected to reach 21.6 million by 2060. Furthermore, eyesight problems are more common among older adults. The incidence of eye-related diseases is increasing with the rise in the aging population in Germany, which boosts the demand for ophthalmology devices. Thus, the significant prevalence of eye diseases across Germany propels the ophthalmology devices market growth.
Europe Ophthalmology Devices Market Revenue and Forecast to 2031 (US$ Million)
Europe Ophthalmology Devices Market Segmentation
The Europe ophthalmology devices market is segmented based on product, application, end user, and country.
Based on product, the North America ophthalmology devices market is segmented into vision care products, surgical devices, and diagnostics and monitoring devices. The vision care products segment held the largest share in 2023.
In terms of application, the North America ophthalmology devices market is segmented into cataract, glaucoma, refractory disorders, vitreoretinal disorders, and other applications. The glaucoma segment held the largest share in 2023.
By end user, the North America ophthalmology devices market is segmented into hospital and eye clinics, academic and research laboratories, and other end users. The hospital and eye clinics segment held the largest share in 2023.
Based on country, the Europe ophthalmology devices market is categorized into Germany, France, the UK, Italy, Spain, and the Rest of Europe. Germany dominated the Europe ophthalmology devices market in 2023.
Key players operating in the Europe ophthalmology devices market are Johnson & Johnson Vision Care Inc, Alcon AG, Carl Zeiss Meditec, Bausch & Lomb Inc, Essilor Intonational SAS, Nidek Co Ltd, Topcon Corp, Haag-Streit AG, Ziemer Ophthalmic Systems AG, and Hoya Corp are some of the leading companies operating in the Europe ophthalmology devices market.
Table Of Contents
1. Introduction
- 1.1 The Insight Partners Research Report Guidance
- 1.2 Market Segmentation
2. Executive Summary
3. Research Methodology
- 3.1 Secondary Research
- 3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macro-economic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country level data:
4. Europe Ophthalmology Devices Market - Key Market Dynamics
- 4.1 Europe Ophthalmology Devices Market - Key Market Dynamics
- 4.2 Market Drivers
- 4.2.1 Upsurge in Incidence of Ophthalmic Disorders
- 4.2.2 Increasing Number of Product Launches, Collaborations, Acquisitions
- 4.3 Market Restraints
- 4.3.1 High Cost of Ophthalmic Surgeries
- 4.4 Market Opportunities
- 4.4.1 Technological Advancements in Ophthalmic Devices
- 4.5 Future Trends
- 4.5.1 Growing Focus on Telemedicine for Eye Care Services
- 4.6 Impact analysis
5. Ophthalmology Devices Market -Europe Market Analysis
- 5.1 Europe Ophthalmology Devices Market Revenue (US$ Million), 2021-2031
6. Europe Ophthalmology Devices Market Analysis - by Product
- 6.1 Europe Ophthalmology Devices Market Breakdown, by Product
- 6.1.1 Europe Ophthalmology Devices Market Breakdown, by Vision Care Devices
- 6.1.2 Europe Ophthalmology Devices Market Breakdown, by Diagnostic and Monitoring Devices
- 6.1.3 Europe Ophthalmology Devices Market Breakdown, by Surgical Devices
- 6.2 Vision Care Devices
- 6.2.1 Overview
- 6.2.2 Vision Care Devices: Europe Ophthalmology Devices Market - Revenue and Forecast to 2031 (US$ Million)
- 6.3 Diagnostic and Monitoring Devices
- 6.3.1 Overview
- 6.3.2 Diagnostic and Monitoring Devices: Europe Ophthalmology Devices Market - Revenue and Forecast to 2031 (US$ Million)
- 6.4 Surgical Devices
- 6.4.1 Overview
- 6.4.2 Surgical Devices: Europe Ophthalmology Devices Market - Revenue and Forecast to 2031 (US$ Million)
7. Europe Ophthalmology Devices Market Analysis - by Application
- 7.1 Glaucoma
- 7.1.1 Overview
- 7.1.2 Glaucoma: Europe Ophthalmology Devices Market - Revenue and Forecast to 2031 (US$ Million)
- 7.2 Cataract
- 7.2.1 Overview
- 7.2.2 Cataract: Europe Ophthalmology Devices Market - Revenue and Forecast to 2031 (US$ Million)
- 7.3 Vitreoretinal Disorders
- 7.3.1 Overview
- 7.3.2 Vitreoretinal Disorders: Europe Ophthalmology Devices Market - Revenue and Forecast to 2031 (US$ Million)
- 7.4 Refractory Disorders
- 7.4.1 Overview
- 7.4.2 Refractory Disorders: Europe Ophthalmology Devices Market - Revenue and Forecast to 2031 (US$ Million)
- 7.5 Others
- 7.5.1 Overview
- 7.5.2 Others: Europe Ophthalmology Devices Market - Revenue and Forecast to 2031 (US$ Million)
8. Europe Ophthalmology Devices Market Analysis - by End User
- 8.1 Hospitals and Eye Clinics
- 8.1.1 Overview
- 8.1.2 Hospitals and Eye Clinics: Europe Ophthalmology Devices Market - Revenue and Forecast to 2031 (US$ Million)
- 8.2 Academic and Research Laboratory
- 8.2.1 Overview
- 8.2.2 Academic and Research Laboratory: Europe Ophthalmology Devices Market - Revenue and Forecast to 2031 (US$ Million)
- 8.3 Others
- 8.3.1 Overview
- 8.3.2 Others: Europe Ophthalmology Devices Market - Revenue and Forecast to 2031 (US$ Million)
9. Europe Ophthalmology Devices Market -Country Analysis
- 9.1 Europe
- 9.1.1 Europe: Ophthalmology Devices Market - Revenue and Forecast Analysis - by Country
- 9.1.1.1 Germany: Ophthalmology Devices Market - Revenue and Forecast to 2031 (US$ Million)
- 9.1.1.1.1 Germany: Ophthalmology Devices Market Breakdown, by Product
- 9.1.1.1.2 Germany: Ophthalmology Devices Market Breakdown, by Vision Care Devices
- 9.1.1.1.3 Germany: Ophthalmology Devices Market Breakdown, by Diagnostic And Monitoring Devices
- 9.1.1.1.4 Germany: Ophthalmology Devices Market Breakdown, by Surgical Devices
- 9.1.1.1.5 Germany: Ophthalmology Devices Market Breakdown, by Application
- 9.1.1.1.6 Germany: Ophthalmology Devices Market Breakdown, by End User
- 9.1.1.2 France: Ophthalmology Devices Market - Revenue and Forecast to 2031 (US$ Million)
- 9.1.1.2.1 France: Ophthalmology Devices Market Breakdown, by Product
- 9.1.1.2.2 France: Ophthalmology Devices Market Breakdown, by Vision Care Devices
- 9.1.1.2.3 France: Ophthalmology Devices Market Breakdown, by Diagnostic And Monitoring Devices
- 9.1.1.2.4 France: Ophthalmology Devices Market Breakdown, by Surgical Devices
- 9.1.1.2.5 France: Ophthalmology Devices Market Breakdown, by Application
- 9.1.1.2.6 France: Ophthalmology Devices Market Breakdown, by End User
- 9.1.1.3 United Kingdom: Ophthalmology Devices Market - Revenue and Forecast to 2031 (US$ Million)
- 9.1.1.3.1 United Kingdom: Ophthalmology Devices Market Breakdown, by Product
- 9.1.1.3.2 United Kingdom: Ophthalmology Devices Market Breakdown, by Vision Care Devices
- 9.1.1.3.3 United Kingdom: Ophthalmology Devices Market Breakdown, by Diagnostic And Monitoring Devices
- 9.1.1.3.4 United Kingdom: Ophthalmology Devices Market Breakdown, by Surgical Devices
- 9.1.1.3.5 United Kingdom: Ophthalmology Devices Market Breakdown, by Application
- 9.1.1.3.6 United Kingdom: Ophthalmology Devices Market Breakdown, by End User
- 9.1.1.4 Italy: Ophthalmology Devices Market - Revenue and Forecast to 2031 (US$ Million)
- 9.1.1.4.1 Italy: Ophthalmology Devices Market Breakdown, by Product
- 9.1.1.4.2 Italy: Ophthalmology Devices Market Breakdown, by Vision Care Devices
- 9.1.1.4.3 Italy: Ophthalmology Devices Market Breakdown, by Diagnostic And Monitoring Devices
- 9.1.1.4.4 Italy: Ophthalmology Devices Market Breakdown, by Surgical Devices
- 9.1.1.4.5 Italy: Ophthalmology Devices Market Breakdown, by Application
- 9.1.1.4.6 Italy: Ophthalmology Devices Market Breakdown, by End User
- 9.1.1.5 Spain: Ophthalmology Devices Market - Revenue and Forecast to 2031 (US$ Million)
- 9.1.1.5.1 Spain: Ophthalmology Devices Market Breakdown, by Product
- 9.1.1.5.2 Spain: Ophthalmology Devices Market Breakdown, by Vision Care Devices
- 9.1.1.5.3 Spain: Ophthalmology Devices Market Breakdown, by Diagnostic And Monitoring Devices
- 9.1.1.5.4 Spain: Ophthalmology Devices Market Breakdown, by Surgical Devices
- 9.1.1.5.5 Spain: Ophthalmology Devices Market Breakdown, by Application
- 9.1.1.5.6 Spain: Ophthalmology Devices Market Breakdown, by End User
- 9.1.1.6 Rest of Europe: Ophthalmology Devices Market - Revenue and Forecast to 2031 (US$ Million)
- 9.1.1.6.1 Rest of Europe: Ophthalmology Devices Market Breakdown, by Product
- 9.1.1.6.2 Rest of Europe: Ophthalmology Devices Market Breakdown, by Vision Care Devices
- 9.1.1.6.3 Rest of Europe: Ophthalmology Devices Market Breakdown, by Diagnostic And Monitoring Devices
- 9.1.1.6.4 Rest of Europe: Ophthalmology Devices Market Breakdown, by Surgical Devices
- 9.1.1.6.5 Rest of Europe: Ophthalmology Devices Market Breakdown, by Application
- 9.1.1.6.6 Rest of Europe: Ophthalmology Devices Market Breakdown, by End User
10. Industry Landscape
- 10.1 Overview
- 10.2 Growth Strategies in Ophthalmology Devices Market
- 10.3 Organic Growth Strategies
- 10.4 Inorganic Growth Strategies
11. Company Profiles
- 11.1 Johnson & Johnson Vision Care Inc
- 11.1.1 Key Facts
- 11.1.2 Business Description
- 11.1.3 Products and Services
- 11.1.4 Financial Overview
- 11.1.5 SWOT Analysis
- 11.1.6 Key Developments
- 11.2 Alcon AG
- 11.2.1 Key Facts
- 11.2.2 Business Description
- 11.2.3 Products and Services
- 11.2.4 Financial Overview
- 11.2.5 SWOT Analysis
- 11.2.6 Key Developments
- 11.3 Carl Zeiss Meditec
- 11.3.1 Key Facts
- 11.3.2 Business Description
- 11.3.3 Products and Services
- 11.3.4 Financial Overview
- 11.3.5 SWOT Analysis
- 11.3.6 Key Developments
- 11.4 Bausch & Lomb Inc
- 11.4.1 Key Facts
- 11.4.2 Business Description
- 11.4.3 Products and Services
- 11.4.4 Financial Overview
- 11.4.5 SWOT Analysis
- 11.4.6 Key Developments
- 11.5 Essilor International SAS
- 11.5.1 Key Facts
- 11.5.2 Business Description
- 11.5.3 Products and Services
- 11.5.4 Financial Overview
- 11.5.5 SWOT Analysis
- 11.5.6 Key Developments
- 11.6 Nidek Co Ltd
- 11.6.1 Key Facts
- 11.6.2 Business Description
- 11.6.3 Products and Services
- 11.6.4 Financial Overview
- 11.6.5 SWOT Analysis
- 11.6.6 Key Developments
- 11.7 Topcon Corp
- 11.7.1 Key Facts
- 11.7.2 Business Description
- 11.7.3 Products and Services
- 11.7.4 Financial Overview
- 11.7.5 SWOT Analysis
- 11.7.6 Key Developments
- 11.8 Haag-Streit AG
- 11.8.1 Key Facts
- 11.8.2 Business Description
- 11.8.3 Products and Services
- 11.8.4 Financial Overview
- 11.8.5 SWOT Analysis
- 11.8.6 Key Developments
- 11.9 Ziemer Ophthalmic Systems AG
- 11.9.1 Key Facts
- 11.9.2 Business Description
- 11.9.3 Products and Services
- 11.9.4 Financial Overview
- 11.9.5 SWOT Analysis
- 11.9.6 Key Developments
- 11.10 Hoya Corp
- 11.10.1 Key Facts
- 11.10.2 Business Description
- 11.10.3 Products and Services
- 11.10.4 Financial Overview
- 11.10.5 SWOT Analysis
- 11.10.6 Key Developments
12. Appendix
- 12.1 About The Insight Partners
- 12.2 Glossary of Terms for Ophthalmology Devices Market