Market Size of France Ophthalmic Devices Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.10 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
France Ophthalmic Devices Market Analysis
The French Ophthalmic Devices Market is expected to grow at a CAGR of 4.1% over the forecast period (2022-2027).
The COVID-19 pandemic impacted the studied market significantly. Since only emergency cases were allowed for treatment and diagnosis, the market growth for ophthalmic devices decreased during the initial phase of the pandemic. However, the increasing cases of eye diseases in France during the pandemic are anticipated to drive market growth. For instance, as per the study titled 'COVID-19 Changed Prevalence, Disease Spectrum and Management Strategies of Ocular Trauma' published in January 2022, in France, the incidence of ocular trauma caused by alcohol-based hand sanitizer in children increased by seven times in 2020 compared with the same period in 2019, with nearly 38% of patients with corneal ulcers involving over 50% of the ocular surface and nearly 13% of patients requiring amniotic membrane transplantation. Such instances argue for an increase in the use of ophthalmic devices used for surgeries and transplantations. This is expected to have a positive impact on the market under study. Therefore, the pandemic is expected to significantly impact the studied market growth.
Factors such as the increase in the geriatric population, demographic shift, and increasing prevalence of eye diseases are fuelling market growth.
With the increasing aging population, the prevalence of associated diseases, including eye-related diseases, is also increasing in France. As per the United Nations Population Fund's World Population Dashboard Statistics 2021, about 21.1% of individuals in France are 65 or older. Since vision loss and refraction errors are more common among the elderly, the need for the use of lenses is predicted to rise over the forecast period. Additionally, as the people of France are focused on aesthetic appeal, the use of powered contact lenses is expected to increase in the country, further driving the ophthalmic device market in France.
Furthermore, the increasing number of eye diseases in the country is creating opportunities for the studied market. The research article 'Refractive errors in a large dataset of French children: the ANJO study' published in March 2022, mentioned that when the cohort study was conducted to show the proportions of refractive errors (RE) in French children using cycloplegic refraction, RE was found frequently among the target French population, especially hyperopia and anisometropia, which are major risk factors for amblyopia. Thus, such a burden of eye disorders among school-going children in France demands the availability of ophthalmic devices for screening, diagnosis, and treatment. thus fuelling the market's growth over the forecast period.
Therefore, owing to the abovementioned factors, the market under study is anticipated to witness growth over the forecast period. However, the risk associated with ophthalmic procedures is anticipated to hinder market growth over the forecast period.
France Ophthalmic Devices Industry Segmentation
As per the scope of the report, ophthalmology is a branch of medical sciences, that deals with the structure, function, and various diseases related to the eye. The ophthalmic devices are medical equipment designed for diagnosis, surgical, and vision correction purposes. The France Ophthalmic Devices Market is segmented by Devices (Surgical Devices, Diagnostic and Monitoring Devices, Vision Correction Devices). The report offers the value (in USD million) for the above segments.
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France Ophthalmic Devices Market Size Summary
The French ophthalmic devices market is poised for growth, driven by several key factors. The aging population in France is contributing to an increase in eye-related diseases, which in turn is boosting the demand for ophthalmic devices. The prevalence of conditions such as myopia, hypermetropia, astigmatism, and presbyopia is rising, particularly among the elderly, who are more prone to vision loss and refraction errors. This demographic shift is expected to lead to a higher demand for lenses and contact lenses, as individuals seek solutions to maintain their vision and aesthetic appeal. Additionally, the COVID-19 pandemic has highlighted the need for ophthalmic devices, as the incidence of eye diseases and injuries increased during this period, further propelling market growth.
The market is also experiencing a surge in demand for contact lenses, driven by the rising prevalence of dry eye disease (DED) and the growing preference for silicone-based hydrogel lenses, which offer better moisture retention. The burden of DED, along with age-related macular degeneration (AMD) as a leading cause of visual impairment, is creating opportunities for the ophthalmic devices market in France. The competitive landscape is marked by the presence of major players such as Alcon Inc., Bausch Health Companies Inc., and EssilorLuxottica SA, among others. Recent strategic moves, such as acquisitions and investments in ophthalmology-focused companies, indicate a robust market environment poised for continued expansion over the forecast period.
France 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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1.3 Market Restraints
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1.3.1 Risk Associated with Ophthalmic Procedures
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1.4 Porter's Five Force 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 (Market Size by Value - USD million)
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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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France Ophthalmic Devices Market Size FAQs
What is the current France Ophthalmic Devices Market size?
The France Ophthalmic Devices Market is projected to register a CAGR of 4.10% during the forecast period (2024-2029)
Who are the key players in France Ophthalmic Devices Market?
EssilorLuxottica SA, Alcon Inc., Carl Zeiss Meditec Group, Ziemer Ophthalmic Systems and NIDEK SA are the major companies operating in the France Ophthalmic Devices Market.
