Market Size of Germany Ophthalmic Devices Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.10 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Germany Ophthalmic Devices Market Analysis
The Germany Ophthalmic Devices market is expected to register a CAGR of 6.1% over the forecast period.
The COVID-19 pandemic had interrupted the healthcare services provided all over the nation. Most of the general medical services that were not urgent were postponed to prevent the further spread of the pandemic. Several ophthalmologic surgeries, which were deemed not urgent, were also postponed. The ophthalmic devices market in Germany faced several restrictions during the COVID-19 pandemic. An article titled "Impact of the SARS-CoV-2 pandemic on ophthalmic care in Germany" published in the journal of Ophthalmologe in July 2021 indicated that during the pandemic period, with the exception of endophthalmitis, almost all ophthalmic procedures, including retinal detachment, perforating eyeball injuries, acute glaucoma, central retinal artery occlusion, anterior ischemic optic neuropathy, penetrating keratoplasty, and amniotic membrane transplantation, among others, were declined. The decrease in ophthalmic patient care in the nation during the COVID-19 pandemic significantly affected the growth of the ophthalmic devices market.
Ophthalmic devices are medical equipment designed for diagnosis, surgical, and vision correction purposes. These devices have gained increasing importance and adoption due to the high prevalence of various ophthalmic diseases such as glaucoma, cataract, retinal detachment, and other vision-related issues across the country. An article titled "Incidence of Retinal Detachment in Germany: Results from the Gutenberg Health Study" published in the journal of Ophthalmologica in May 2021 indicated that in Germany, retinal detachment disease had an incidence rate of 42 per 100,000 people per year for the age group of 35-74 years. The study estimated that the incidence of retinal detachment in Germany at the age of 35-74 years is high in comparison to estimates from neighboring European countries. Such a high prevalence of ophthalmic disorders is expected to boost the market's growth over the forecast period.
Moreover, technological advancements and product approvals in the field have boosted the adoption rate of devices in the nation. In June 2021, Implandata Ophthalmic Products, a digital health company, obtained a CE mark for its EYEMATE-SC biosensor. The device will be used in conjunction with the pioneering EYEMATE system for digitally enabled remote glaucoma monitoring and management. EYEMATE-SC is an improved version of its predecessor.
Thus, due to the aforementioned factors, the market for ophthalmic devices in Germany is anticipated to grow. However, although there have been advancements, the devices are still deemed unsafe and can cause damage if not handled professionally. Hence, such factors may restrain the market's growth over the coming years.
Germany Ophthalmic Devices Industry Segmentation
As per the scope of the report, ophthalmology is a branch of medical science that deals with the structure, function, and various diseases related to the eye. Ophthalmic devices are medical equipment designed for diagnosis, surgical, and vision correction purposes. The Market is Segmented by Devices (Surgical Devices (Glaucoma Drainage Devices, Glaucoma Stents and Implants, Intraocular Lenses, Lasers, and Other Surgical Devices), Diagnostic and Monitoring Devices (Autorefractors and Keratometers, Corneal Topography Systems, Ophthalmic Ultrasound Imaging Systems, Ophthalmoscopes, Optical Coherence Tomography Scanners, and Other Diagnostic and Monitoring Devices), and Vision Correction Devices (Spectacles and Contact Lenses). The report offers the value (in USD million) for the above segments.
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Germany Ophthalmic Devices Market Size Summary
The ophthalmic devices market in Germany is poised for growth, driven by the increasing prevalence of eye-related disorders such as glaucoma, cataracts, and retinal detachment. Despite the disruptions caused by the COVID-19 pandemic, which led to a temporary decline in ophthalmic procedures, the market is expected to recover and expand. The high incidence of retinal detachment and other vision-related issues, coupled with technological advancements and product approvals, is anticipated to boost the adoption of ophthalmic devices. Innovations like the EYEMATE-SC biosensor for remote glaucoma monitoring exemplify the advancements in the field, enhancing the market's growth prospects. However, concerns regarding the safety and professional handling of these devices may pose challenges to market expansion.
The growing geriatric population in Germany, which is more susceptible to eye disorders, is expected to further propel the demand for ophthalmic devices, particularly lasers used for vision correction. Strategic initiatives by key players, such as the introduction of advanced laser systems like the Technolas Teneo 317 Model 2, are likely to contribute to the segment's growth. Germany's well-structured healthcare system and significant investment in research and development create a competitive market environment, attracting global companies. Collaborations and partnerships among major players, such as those between Carl Zeiss Meditec and Precise Bio, are expected to drive innovation and enhance the performance of ophthalmic devices, supporting the market's expansion over the forecast period.
Germany Ophthalmic Devices Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Demographic Shift and Increasing Prevalence of Eye Diseases
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1.2.2 Rising Geriatric Population
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1.2.3 Technological Advancements in Ophthalmic Devices
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1.3 Market Restraints
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1.3.1 Risk Associated with Ophthalmic Procedures
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Devices
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2.1.1 Surgical Devices
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2.1.1.1 Glaucoma Drainage Devices
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2.1.1.2 Glaucoma Stents and Implants
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2.1.1.3 Intraocular Lenses
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2.1.1.4 Lasers
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2.1.1.5 Other Surgical Devices
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2.1.2 Diagnostic and Monitoring Devices
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2.1.2.1 Autorefractors and Keratometers
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2.1.2.2 Corneal Topography Systems
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2.1.2.3 Ophthalmic Ultrasound Imaging Systems
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2.1.2.4 Ophthalmoscopes
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2.1.2.5 Optical Coherence Tomography Scanners
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2.1.2.6 Other Diagnostic and Monitoring Devices
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2.1.3 Vision Correction Devices
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2.1.3.1 Spectacles
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2.1.3.2 Contact Lenses
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Germany Ophthalmic Devices Market Size FAQs
What is the current Germany Ophthalmic Devices Market size?
The Germany Ophthalmic Devices Market is projected to register a CAGR of 6.10% during the forecast period (2024-2029)
Who are the key players in Germany Ophthalmic Devices Market?
Alcon Inc, Bausch Health Companies Inc, Johnson and Johnson, Carl Zeiss Meditec AG and Ziemer Ophthalmic Systems AG are the major companies operating in the Germany Ophthalmic Devices Market.
