Germany Ophthalmic Devices Market Trends

Ophthalmic lasers are used to aid and improve vision for those with common refractive errors like myopia, hypermetropia, astigmatism, and presbyopia. These visual impairments result in low vision. Moreover, the rise in these conditions is expected to boost the growth of the market segment.

As per the January 2022 estimates by the Federal Statistical Office (Destatis), 16.2 million people over the age of 67 years old lived in Germany at the end of the year 2021. The same source projected that the number would rise to 21.6 by the year 2060. The rising geriatric population is likely to propel the segment's growth in the nation over the forecast period as this population is more vulnerable to eye-related disorders. Furthermore, the elderly population is more prone to illness and poor vision. In addition, as this population grows, the demand for vision correction surgeries is likely to increase, in turn boosting the demand for laser devices.

Strategic initiatives by key players are also expected to contribute to the segment's growth. For instance, in July 2022, MaxiVision Eye Hospital introduced Technolas Teneo 317 Model 2 (Teneo M2). The Teneo M2 is an advanced, high-performance excimer laser, designed with expert German engineering design. The device provides customized treatments for a wide range of patients, correcting presbyopia, myopia, hyperopia, and astigmatism. TENEO M2's unique SUPRACOR treatment is a true progressive LASIK for presbyopic patients for improved vision without glasses for most daily activities. Such product launches by German ophthalmic device manufacturers are expected to boost the growth of the segment over the forecast period.

Thus, due to the above-mentioned factors, the laser segment is expected to grow significantly during the forecast period.