Ophthalmic instruments market in Spain

Earlier Report Observations

Between 2018 and 2019, the ophthalmic instruments market in Spain increased from $105.1 million to $125.6 million. This growth was primarily driven by the rising geriatric population and higher prevalence of eye diseases such as cataracts and glaucoma, which boosted demand for surgical and diagnostic devices. Additionally, strong government investment in R&D for advanced ophthalmic surgical instruments and the development of healthcare infrastructure facilitated the adoption of technologically advanced devices in clinics and hospitals.

The COVID-19 pandemic in 2020 led to a temporary pause in many ophthalmic procedures and research, reducing demand for devices. As restrictions eased in 2021, demand gradually recovered for diagnostic and surgical equipment, supported by an increase in elective procedures and eye checks. The market size reached $117.2 million in 2021, below the 2019 peak but reflecting the beginning of a recovery phase.

In the following years, the market continued to evolve. In 2022, the market size slightly declined to $115.9 million, while new product launches, such as disposable surgical devices, and a shift in consumer preference towards sterile single-use consumables to reduce cross-contamination risks gained traction. From 2023 to 2024, trends towards digitalization and the use of artificial intelligence in diagnostic tools strengthened, along with a greater presence of international companies introducing innovative products to the Spanish market. Growth in ophthalmology consultations and per capita spending on ophthalmic products further supported device demand.

Production ophthalmic instruments in Spain

In value, 2017-2020, K $ US

The market showed an unstable trend throughout the period. The lowest value was recorded in 2017, while the highest occurred in 2018, with a peak-to-trough ratio of 1.8 times. In 2019, output of ophthalmic instruments in Spain was valued at 12 586 K $ US, marking a 35.8% drop compared to the previous year. The maximum value was recorded in 2018 at 19 609 K $ US. The largest increase was observed in 2018, reaching 80.8%.

Annual dynamics of production in Spain in value, 2017-2020, K $ US

Exports ophthalmic instruments from Spain

Exports in kind, t

Ophthalmic instruments exports from Spain increased for the third consecutive year. In 2020, exports reached 154 t, showing a significant gain of 27.7% year-over-year. Between 2017 and 2020, exports grew by 126%, which translates to an annualized rate of 31.2%.

Annual dynamics of product's exports from Spain in kind, 2017-2020, t

From 2017 to 2020, Portugal (61.5% of exports in kind), France (9.1% of exports in kind), and Germany (6.7% of exports in kind) were the primary buyers of ophthalmic instruments from Spain, together accounting for 77.3% of total exports in kind.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Spain in kind, 2017-2020

Exports in value, M $ US

Spain exported 10.3 M $ US of ophthalmic instruments in 2020, representing a 3.5% year-over-year rise. Between 2017 and 2020, exports decreased by 20%, equating to an annualized rate of 7.2%. The minimum value was recorded in 2019 at 9.9 M $ US, while the maximum was in 2018 at 15.7 M $ US. The largest decline occurred in 2019, falling by 37.0%, and the largest increase was in 2018, rising by 22.5%.

Annual dynamics of product's exports from Spain in value, 2017-2020, M $ US

Over the period 2017–2020, Portugal (35.2% of exports in value terms), Germany (15.9% of exports in value terms), and the United States (10.4% of exports in value terms) were the main buyers of ophthalmic instruments from Spain, together comprising 61.5% of total exports in value terms.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Spain in value, 2017-2020

Imports ophthalmic instruments to Spain

Imports in kind, t

After a two-year uptick, Spain's ophthalmic instruments imports declined. In 2020, imports amounted to 982 t, down by 49.6% year-over-year. Over the period 2017-2020, imports decreased by 12.6%, with a compound annual growth rate of 4.4%. The maximum value was recorded in 2019 at 1 948 t. The largest increase was observed in 2018, reaching 41.8%.

Annual dynamics of product's imports to Spain in kind, 2017-2020, t

From 2017 to 2020, Belgium (32.4% of imports in kind), France (15.2% of imports in kind), and the Netherlands (14.7% of imports in kind) were the principal suppliers of ophthalmic instruments to Spain, jointly accounting for 62.3% of total imports in kind.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Spain in kind, 2017-2020

Imports in value, M $ US

After a two-year increase, Spain's ophthalmic instruments imports declined. In 2020, imports stood at 97.0 M $ US, showing a solid fall of 21.1% compared to 2019. Between 2017 and 2020, imports increased by 8.2%, equating to an annualized rate of 2.7%. The maximum value was recorded in 2019 at 122.9 M $ US. The largest increase was observed in 2019, rising by 21.4%.

Annual dynamics of product's imports to Spain in value, 2017-2020, M $ US

Over 2017–2020, Belgium (25.4% of imports in value terms), the Netherlands (23.5% of imports in value terms), and Germany (15.5% of imports in value terms) remained the leading destinations in the country structure of imports in value terms, with a combined share of 64.3% of total flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Spain in value, 2017-2020