EU: Ophthalmic Instruments Market 2024

Ophthalmic Instruments Market Size in the EU

The EU ophthalmic instruments market soared to $X in 2022, rising by X% against the previous year. In general, consumption recorded a remarkable increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Ophthalmic Instruments Production in the EU

In value terms, ophthalmic instruments production amounted to $X in 2022 estimated in export price. In general, production showed a strong expansion. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, production reached the peak level in 2022 and is likely to continue growth in years to come.

Ophthalmic Instruments Exports

Exports in the EU

In 2022, ophthalmic instruments exports in the European Union skyrocketed to X units, with an increase of X% compared with the year before. Overall, exports posted a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, ophthalmic instruments exports totaled $X in 2022. Total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2016 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in years to come.

Exports by Country

In 2022, Germany (X units) was the major exporter of ophthalmic instruments and appliances, making up X% of total exports. Belgium (X units) ranks second in terms of the total exports with a X% share, followed by the Netherlands (X%) and France (X%). The following exporters - Italy (X units) and Denmark (X units) - together made up X% of total exports.

Germany was also the fastest-growing in terms of the ophthalmic instruments and appliances exports, with a CAGR of X% from 2012 to 2022. At the same time, the Netherlands (X%), France (X%) and Denmark (X%) displayed positive paces of growth. Italy and Belgium experienced a relatively flat trend pattern. Germany (X p.p.) significantly strengthened its position in terms of the total exports, while the Netherlands, France, Italy and Belgium saw its share reduced by X%, X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest ophthalmic instruments supplier in the European Union, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total exports. It was followed by Belgium, with a X% share.

In Germany, ophthalmic instruments exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Belgium (X% per year).

Export Prices by Country

The export price in the European Union stood at $X per unit in 2022, reducing by X% against the previous year. Overall, the export price saw a slight downturn. The pace of growth appeared the most rapid in 2015 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while Denmark ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the other leaders experienced more modest paces of growth.

Ophthalmic Instruments Imports

Imports in the EU

Ophthalmic instruments imports rose notably to X units in 2022, increasing by X% against the year before. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, ophthalmic instruments imports expanded significantly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the near future.

Imports by Country

The countries with the highest levels of ophthalmic instruments imports in 2022 were France (X units), the Netherlands (X units), Spain (X units), Germany (X units), Belgium (X units) and Italy (X units), together reaching X% of total import. Poland (X units), Greece (X units), Portugal (X units), Sweden (X units), Denmark (X units), Ireland (X units) and Austria (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Ireland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ophthalmic instruments importing markets in the European Union were the Netherlands ($X), Germany ($X) and France ($X), with a combined X% share of total imports. Belgium, Italy, Spain, Poland, Sweden, Austria, Portugal, Ireland, Denmark and Greece lagged somewhat behind, together accounting for a further X%.

Ireland, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per unit, growing by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of X%. Over the period under review, import prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per unit), while Greece ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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