Europe Ophthalmic Devices Market

Europe Ophthalmic Devices Market is expected to be valued USD 13.14 Billion by 2023
Overview:
Ophthalmology refers to a branch of medical science that deals with the structural and
functional defects of the eye. Ophthalmic devices are medical devices used in the treatment
and identification of certain deformities and ocular deficiencies. The global market for
ophthalmic devices is determined by ocular disorders such as glaucoma, diabetic retinopathy,
macular degeneration, and cataract and vision care devices. Ophthalmic devices are also used
in various surgical procedures, such as ultrasonic phacoemulsification, to achieve faster
recovery rates and increased safety.
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In the year 2018, the Europe Ophthalmic Devices Market was valued at USD 9.71 Billion, by the
year 2023 it is expected to reach USD 13.14 Billion with 6.24% CAGR.
Drivers and Restraints:
Europe Ophthalmic devices market is mainly driven by increasing geriatric population. As, aged
people are more prone to developing eye-related disorders/conditions such as dry eye,
glaucoma,
promoting
awareness
about
these
disorders,
continuous
technological
advancements in the field of medical technology for the development of novel products which
have more efficacy and accuracy are boosting the market. High cost of ophthalmic devices, the
lack of skilled professionals in the rural regions of developing countries is limiting the growth of
the market.
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Geographic Segmentation
The Europe market has been geographically segmented into Germany, U.K, France, Spain, and
Italy. Europe stands second after North America. U.K held the largest share in the market across
all the segments.
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Major companies in the market are Alcon Inc., Essilor International S.A., Johnson & Johnson,
Abbott Medical Optics Inc., Bausch & Lomb, Inc., Haag-Streit AG, Topcon Corporation, Carl Zeiss
Meditec AG, Nidek Co. Ltd., and Ziemer Ophthalmic Systems AG.
Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of
market potential and forecasts with utmost granularity. Along this, the factors influential in
effecting the market dynamics and trends are discussed in detail at the product level. Further,
the performance of the market at the regional and country-level is assessed and the prospects
with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance,
market position and growth strategies. Comparative analysis on prime strategically activities of
the market players delineating the key developments like mergers & acquisitions,
collaborations and an evaluation of the competitive environment within the industry are
provided. The report also offers a broad outlook of the market along with recommendations
from industry experts on the opportunities for investment activity.
What else? Apart from the syndicated report, our in-house team has an expertise and
experience in designing custom reports to meet your specific research needs and assist you in
making well-informed decisions.
Contact Info:
Name: Mr. Abhishek Shukla
Email: [email protected]
Organization: MarketDataForecastā„¢
Address: 2nd Floor, Lakeview Plaza, Kavuri Hills, Hyderabad, Telangana 500033, India.
Phone: +1-888-702-9626

Europe Ophthalmic Devices Market By Product Type (Surgical Devices, Monitoring And Diagnostic Devices, Vision Care), By Devices (Lenses, Glaucoma Surgical Devices, Ophthalmic Lasers, Cataract Surgical Devices, Iris Retractors, Lens Clearing And Disinfectant Solutions And Others)