France Ophthalmic Devices Market Insights Forecasts to 2033

• The France Ophthalmic Devices Market Size is expected to hold a significant share by 2023.
• The Market is Growing at a CAGR of 4.1% from 2023 to 2033
• The France Ophthalmic Devices Market Size is Expected to Hold a Significant Share by 2033

The France Ophthalmic Devices Market is Anticipated to Hold a Significant Share by 2033, growing at a CAGR of 4.1% from 2023 to 2033.

Market Overview

The medical devices used in optometry and ophthalmology are known as ophthalmic devices. Ophthalmology is a medical science that studies the structure, function, and treatment of various eye diseases. Ophthalmic devices are medical tools used for diagnosis, surgery, and vision correction. Because of the high prevalence of ophthalmic diseases such as glaucoma, cataracts, and other vision-related issues, these devices are becoming more important and widely used. The rising prevalence of ophthalmic diseases like cataracts and glaucoma is a major factor driving the France ophthalmic devices market. Additionally, the increased use of digital devices such as laptops, smartphones, computers, and e-readers, as well as rapid technological advancements such as the introduction of intraocular lenses (IOLs), and an increased emphasis on customer training and education among eye care professionals about eye diseases and associated complications, all contribute significantly to the France ophthalmic market's growth. Technological advancements in various devices, such as intraocular lenses, and the rapid increase in the number of eye surgeries are expected to drive up demand for ophthalmic devices.

Report Coverage

This research report categorizes for the France ophthalmic devices market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the France ophthalmic devices market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the France ophthalmic devices market.

Driving Factors

The increase in population and chronic exposure to UV screens are contributing to the rise in eye-related disorders. The most common diseases are diabetic retinopathy, glaucoma, cataracts, corneal opacities, trachoma, and refractive error disease. The rise of diabetic retinopathy, a common challenge for many diabetics, has created a demand for advanced imaging and laser treatments. These advancements, along with innovative technologies such as femtosecond lasers and cataract phacoemulsification systems, provide a ray of hope in the global fight against vision loss. This is more than just a story about market forces; it demonstrates the power of scientific progress in enabling us to protect our precious vision. As awareness grows and preventive measures are implemented, the demand for specialized ophthalmic equipment is expected to remain high, driven by both the fear of losing sight and the unwavering desire to keep it.

Restraining Factors

Environmental concerns are driving the transition to more sustainable practices. Refurbishing equipment helps to reduce waste and extend equipment life, which is consistent with the growing demand for ethical healthcare practices. Thus, the refurbished market is posing a significant barrier to growth.

Market Segmentation

The France ophthalmic devices market share is classified into application and end-use

• The cataract segment is expected to hold the largest market share through the forecast period.

The France ophthalmic devices market is segmented by application into cataract, vitreo retinal disorders, glaucoma, and refractor disorders. Among these, the cataract segment is expected to hold the largest market share through the forecast period. This can be attributed to the widespread use of ophthalmic devices for cataract surgery. According to the World Health Organization (WHO), cataracts are the leading cause of blindness. Cataracts account for nearly 51% of all cases of blindness worldwide.

• The hospitals & eye clinics segment is expected to dominate the France ophthalmic devices market during the forecast period.       

Based on the end-use, the France ophthalmic devices market is divided into hospitals & eye clinics, academic & research laboratory, and others. Among these, the hospitals & eye clinics segment is expected to dominate the France ophthalmic devices market during the forecast period. This can be attributed to the growing use of ophthalmic devices in hospitals, as well as low-cost, effective treatment in clinics. Increased mergers and acquisitions between ophthalmic clinics and hospitals are expected to drive up demand for new installations in the coming years.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the France ophthalmic devices market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Hoya Corporation
• Alcon Inc.
• Bausch Health Companies Inc.
• Carl Zeiss Meditec AG
• EssilorLuxottica SA
• HAAG-Streit Group
• Johnson and Johnson
• Nidek Co. Ltd
• Topcon Corporation
• Ziemer Ophthalmic Systems AG
• Precilens
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In June 2022, HOYA VISION CARE purchased Medic'Oeil, a network of ophthalmology practices in France. Medic'Oeil operates seven centers in various regions, where vision care equipment and administrative resources are shared by a group of ophthalmologists.

Market Segment

This study forecasts revenue at France, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the France ophthalmic devices market based on the below-mentioned segments:

France Ophthalmic Devices Market, By Application

• Cataract
• Vitreo Retinal Disorders
• Glaucoma
• Refractor Disorders

France Ophthalmic Devices Market, By End-use

• Hospitals & Eye Clinics
• Academic & Research Laboratory
• Others