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 |
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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.
