The analysis of the sold production of ophthalmic instruments and appliances in the UK shows a significant fluctuation between 2013 and 2023. Initial years saw a drop in production from 2013 to 2014, followed by recoveries and periods of growth, with notable increases in 2017 and 2019. By 2023, the production value stood at 23.983 million items. Over the last two years, the year-on-year variation was 3.06% in 2022 and 2.91% in 2023. The compound annual growth rate (CAGR) over the last five years up to 2023 was 4.35%.
Looking ahead, from 2024 onwards, the forecast indicates a steady growth, with the CAGR projected at 2.17% over the next five years, resulting in a total growth rate of 11.31%. Future trends to watch for include potential technological advancements in ophthalmic instruments, increased focus on eye health due to aging populations, and potential impacts from economic fluctuations and healthcare policies that could affect production volumes.
