Germany Ophthalmic Drugs Market Size & Outlook, 2023-2030
Germany ophthalmic drugs market, 2018-2030 (US$M)
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Germany ophthalmic drugs market highlights
- The Germany ophthalmic drugs market generated a revenue of USD 1,752.4 million in 2023 and is expected to reach USD 2,919.0 million by 2030.
- The Germany market is expected to grow at a CAGR of 7.6% from 2024 to 2030.
- In terms of segment, anti-vegf agents was the largest revenue generating drug class in 2023.
- Gene & Cell Therapy is the most lucrative drug class segment registering the fastest growth during the forecast period.
Ophthalmic drugs market data book summary
| Market revenue in 2023 | USD 1,752.4 million |
| Market revenue in 2030 | USD 2,919.0 million |
| Growth rate | 7.6% (CAGR from 2023 to 2030) |
| Largest segment | Anti-vegf agents |
| Fastest growing segment | Gene & Cell Therapy |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Anti-Allergy, Anti-VEGF agents, Anti-inflammatory, Anti-glaucoma, Gene & Cell Therapy |
| Key market players worldwide | Pfizer Inc, Alcon Inc, Novartis AG ADR, Bausch Health Companies Inc, Merck & Co Inc, Regeneron Pharmaceuticals Inc, AbbVie Inc, Bayer AG, Genentech, Nicox SA Share from reverse split, Coherus BioSciences Inc |
Other key industry trends
- In terms of revenue, Germany accounted for 4.6% of the global ophthalmic drugs market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany ophthalmic drugs market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 2,405.7 million by 2030.
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Ophthalmic Drugs Market Scope
Ophthalmic Drugs Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany ophthalmic drugs market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ophthalmic drugs market will help companies and investors design strategic landscapes.
Anti-vegf agents was the largest segment with a revenue share of 32.85% in 2023. Horizon Databook has segmented the Germany ophthalmic drugs market based on anti-allergy, anti-vegf agents, anti-inflammatory, anti-glaucoma, gene & cell therapy covering the revenue growth of each sub-segment from 2018 to 2030.
Germany has a strong healthcare system, which covers 90% of the population under mandatory health insurance coverage. This allows easy access of the population to treatments, facilitating the adoption of ophthalmic drugs.
Technological advancements and the increasing prevalence of ophthalmic diseases are driving the demand for ophthalmic drugs in Germany. Furthermore, factors such as increasing demand for personalized medicines and a number of healthcare establishments catering to the geriatric population, along with favorable government initiatives, are anticipated to drive market growth during the forecast period.
An increase in the number of partnerships between educational institutions and hospitals to gain insights into R&D is expected to propel the demand for ophthalmic drugs in the country.
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Our clientele includes a mix of ophthalmic drugs market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany ophthalmic drugs market , including forecasts for subscribers. This country databook contains high-level insights into Germany ophthalmic drugs market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany ophthalmic drugs market size, by drug class, 2018-2030 (US$M)
Germany Ophthalmic Drugs Market Outlook Share, 2023 & 2030 (US$M)
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