Global Ophthalmic Surgical Instruments
Market Report
2024
Ophthalmic Surgical Instruments market was valued at USD 2.5 billion in 2022 and will reach USD 3.3 billion by 2030, registering a CAGR of 3.9% for the forecast period 2023-2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The global Ophthalmic Surgical Instruments market was valued at USD 2.5 billion in 2022 and will reach USD 3.3 billion by 2030, registering a CAGR of 3.9% for the forecast period 2023-2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Ophthalmic Surgical Instruments Market Sales Revenue 2022 | $ 2.5 Billion |
Global Ophthalmic Surgical Instruments Market Sales Revenue 2030 | $ 3.3 Billion |
Global Ophthalmic Surgical Instruments Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 3.9% |
Market Split by Product |
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Market Split by End User |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Ophthalmic Surgical Instruments Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Ophthalmic surgical instruments are specialized tools used by ophthalmologists and eye surgeons to perform various procedures and surgeries on the eye. These instruments are designed to be precise, delicate, and specific to the needs of eye surgery. During the time frame of the projection, it is expected that the prevalence of eye conditions such as glaucoma, cataracts, and vitreoretinal disorders will fuel demand for ophthalmic handheld surgical equipment.
The rising prevalence of eye disorders such as cataracts, glaucoma, macular degeneration, and diabetic retinopathy is a significant driver for the ophthalmic surgical instruments market. As the aging population grows and the incidence of these eye conditions increases, there is a higher demand for ophthalmic surgeries and corresponding surgical instruments.
Advances in ophthalmic surgical instruments, including microsurgical instruments, phacoemulsification systems, vitrectomy machines, and femtosecond laser systems, have significantly improved surgical outcomes. Technological advancements attract surgeons and healthcare providers, driving the adoption of these instruments for better precision, safety, and efficiency during ophthalmic surgeries. Moreover, increasing preference for minimally invasive surgical options that provide permanent solutions to common ophthalmic conditions are the factors which boost the number of surgeries in the developing regions. Additionally, the factors such as the advent of minimally invasive surgeries having potential advantages such as shorter recovery periods and shorter turnaround times in the treatment of glaucoma and cataract have increased the average number of ophthalmic surgeries globally.
Restraining factors
Ophthalmic surgical instruments require proper maintenance and sterilization to ensure their effectiveness and prevent the risk of infection. However, the process of cleaning, sterilizing, and maintaining these instruments can be time-consuming and costly. This can pose a restraining factor, particularly for facilities with limited resources or inadequate infrastructure.
Ophthalmic surgery requires specialized skills and training. Surgeons need to have a deep understanding of the instruments they use, their functionalities, and the surgical techniques involved. Moreover, the complexity of these instruments and the need for specialized training can limit the number of surgeons who can perform ophthalmic surgeries effectively.
Impact of the COVID-19 Pandemic on the Ophthalmic surgical instruments Market
During the COVID-19 pandemic, a significant reduction in ophthalmic elective surgeries particularly cataract surgery was observed, resulting in a significant decline in the sales of ophthalmic handheld surgical instruments. Slower approval of minimally invasive surgery tools and the shortage of ophthalmic surgeons globally are the factors anticipated to hinder the ophthalmic hand-held surgical instruments market growth. Routine healthcare services including ophthalmic services were canceled, and patients were recommended to avoid hospital visits, unless critically needed, to minimize the risk of COVID-19 transmission, leading to substantial disruption to the provision of ophthalmic services and patient care
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June 2022
LENSAR, Inc a global medical technology company focused on advanced femtosecond laser surgical solutions for the treatment of cataracts, announced U.S. Food and Drug Administration approval clearance for its next-generation ALLY Adaptive Cataract Treatment System. ALLY is the first FDA-cleared platform to enable cataract surgeons to complete the femtosecond-laser-assisted cataract surgery procedure seamlessly in a single, sterile environment. Moreover, the Company plans to deliver the first ALLY Systems to surgeons in the third quarter of this year through a controlled and targeted initial launch
Top Companies Market Share in Ophthalmic Surgical Instruments Industry: (In no particular order of Rank)
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North America accounts for the largest share
Based on the regionOpthalmic surgical instruments can be divided into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa where North America held the market globally Factors such as the high prevalence of ocular disorders, the presence of key players, and the presence of efficient reimbursement policies have contributed to its largest revenue share. For instance, healthcare payers such as Medicare and Medicaid consider cataract surgery as a medically necessary service and offer it free of cost. Also, with ophthalmic surgery services resuming after the COVID-19-induced pause, the demand for handheld surgical instruments is anticipated to face a steep rise.
The current report Scope analyzes Ophthalmic Surgical Instruments Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
Global Ophthalmic Surgical Instruments Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Ophthalmic Surgical Instruments Industry growth. Ophthalmic Surgical Instruments market has been segmented with the help of its Product, End User , and others. Ophthalmic Surgical Instruments market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Ophthalmic knives hold the Largest Share of Market
Based on the product segmentation the market can be segmented into Forceps, Scissors, Choppers, Ophthalmic Knives, Cannulas, and Others. Where ophthalmic knives hold the market they are available in different shapes, styles, and sizes. There are two types of knives used in eye surgery—diamond and disposable knives. Diamond knives are facing a surge in demand owing to their advantages such as precision incisions, reusability, cost efficiency, and durability. Whereas disposable knives are a better fit for small ophthalmic centers performing lower volumes of ocular surgeries.
Scissors are the second most commonly found ophthalmic handheld instruments found in the surgical kit of ocular surgeries. They are widely classified based on application as conjunctival, corneal, general ophthalmic, IOL, iris, stitch, tenotomy, vannas, and strabismus scissors. Regular handheld surgical instrument kits designed for trabeculectomy and extracapsular cataract extraction include approximately 3-6 different types of scissors
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Ophthalmic Surgical Instruments Industry. Request a Free Sample PDF!
The hospital segment held the largest segment of the market.
Based on the end-user of ophthalmic surgical instruments can be classified as Hospitals, Ophthalmic Clinics, and Others. where the hospital segment controls the market. The procurement of ophthalmic handheld surgical instruments is mostly single-time activity due to their longer shelf life. An increasing number of mobile ophthalmic care centers is expected to contribute significantly to the segment growth. For instance, African Eye Foundation has invested USD 16 million to construct a high-class eye care facility to offer comprehensive ophthalmic surgical services for the people of Cameron, Central Africa.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Ophthalmic Surgical Instruments market report 2024 Edition by contacting our team.
Research Associate at Cognitive Market Research
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.
Anushka is a highly motivated and detail-oriented research analyst with a passion for uncovering valuable insights from data. Her expertise in Market Research and business intelligence has equipped her with the skills necessary to analyze complex information and provide strategic recommendations. She thrives in dynamic environments where her analytical abilities and research expertise can contribute to informed decision-making for businesses
I played a pivotal role in conducting market research and competitive analysis. I have a demonstrated ability to synthesize diverse data sources, identify trends, and translate findings into actionable recommendations. My collaborative approach facilitated effective communication of insights, fostering a data-driven culture within the organization. I am committed to maintaining excellence through continuous learning and staying ahead of industry trends. Regular participation in conferences and professional development opportunities keeps my skills sharp and relevant.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Ophthalmic Surgical Instruments Market is witnessing significant growth in the near future.
In 2023, the Forceps segment accounted for noticeable share of global Ophthalmic Surgical Instruments Market and is projected to experience significant growth in the near future.
The Hospitals segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Haag-Streit Group , Millennium Surgical Corp and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Product | Forceps, Scissors, Choppers, Ophthalmic Knives, Cannulas, Others |
End User | Hospitals, Ophthalmic Clinics, Others |
List of Competitors | Haag-Streit Group, Appasamy Associates, Millennium Surgical Corp, Katalyst Surgical, ASICO LLC., INKA Surgical Instruments, Surgical Holdings |
This chapter will help you gain GLOBAL Market Analysis of Ophthalmic Surgical Instruments. Further deep in this chapter, you will be able to review Global Ophthalmic Surgical Instruments Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Ophthalmic Surgical Instruments Market Trends North America Ophthalmic Surgical Instruments Technological Road Map North America Ophthalmic Surgical Instruments Market Drivers North America Ophthalmic Surgical Instruments Market Restraints North America Ophthalmic Surgical Instruments Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
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Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Analysis 2019 -2031, will provide market size split by Product. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by End User Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Ophthalmic Surgical Instruments market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Forceps have a significant impact on Ophthalmic Surgical Instruments market? |
What are the key factors affecting the Forceps and Scissors of Ophthalmic Surgical Instruments Market? |
What is the CAGR/Growth Rate of Hospitals during the forecast period? |
By type, which segment accounted for largest share of the global Ophthalmic Surgical Instruments Market? |
Which region is expected to dominate the global Ophthalmic Surgical Instruments Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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