Germany Intraocular Lens Market Size & Outlook, 2022-2030
Germany intraocular lens market, 2018-2030 (US$M)
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Germany intraocular lens market highlights
- The Germany intraocular lens market generated a revenue of USD 338.8 million in 2022 and is expected to reach USD 497.4 million by 2030.
- The Germany market is expected to grow at a CAGR of 4.9% from 2023 to 2030.
- In terms of segment, multifocal intraocular lenses was the largest revenue generating product in 2022.
- Toric Intraocular Lenses is the most lucrative product segment registering the fastest growth during the forecast period.
Intraocular lens market data book summary
| Market revenue in 2022 | USD 338.8 million |
| Market revenue in 2030 | USD 497.4 million |
| Growth rate | 4.9% (CAGR from 2022 to 2030) |
| Largest segment | Multifocal intraocular lenses |
| Fastest growing segment | Toric Intraocular Lenses |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Monofocal Intraocular Lenses, Multifocal Intraocular Lenses, Toric Intraocular Lenses, Accommodative Intraocular Lenses |
| Key market players worldwide | Alcon Inc, Bausch & Lomb Corp, Carl Zeiss Meditec AG, Staar Surgical Co, Hoya Corp, Johnson & Johnson, Rayner Surgical Group, Eyekon Medical, Lenstec, HumanOptics |
Other key industry trends
- In terms of revenue, Germany accounted for 8.0% of the global intraocular lens market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany intraocular lens market is projected to lead the regional market in terms of revenue in 2030.
- Spain is the fastest growing regional market in Europe and is projected to reach USD 174.4 million by 2030.
Multifocal intraocular lenses was the largest segment with a revenue share of 62.34% in 2022. Horizon Databook has segmented the Germany intraocular lens market based on monofocal intraocular lenses, multifocal intraocular lenses, toric intraocular lenses, accommodative intraocular lenses covering the revenue growth of each sub-segment from 2018 to 2030.
Intraocular lenses market in Germany is expected to witness significant growth over the forecast period. Mandatory health insurance coverage for citizens in the country is helping people avail eye care treatment.
In addition, rise in geriatric population of the country is anticipated to expand the patient pool for the market in this country. According to CIA World Fact Book, around 41.7% of the total German population was aged between 25 and 54 years, and around 13.6% of the population was aged between 55 and 65 years in 2014.
The geriatric population is expected to increase during the forecast period, which is anticipated to lead to a rise in incidence of cataract and other eye conditions associated with age. On the other hand, in spite of a well-defined regulatory framework and insurance provisions, the issue related to affordability of premium lenses remains unresolved.
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Intraocular Lens Market Scope
Intraocular Lens Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany intraocular lens market size, by product, 2018-2030 (US$M)
Germany Intraocular Lens Market Outlook Share, 2022 & 2030 (US$M)
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