Global Ophthalmic Knives Market Size, Share, Growth, Trends, Company Analysis and Forecast 2019-2026

Published Date : Aug 2019 | No. of Pages : 200 Pages | Category : Healthcare

The global ophthalmic knives market is projected to grow at CAGR above 5.9 % over the forecast time frame 2019 to 2026.

The main driver of the worldwide ophthalmic knives industry is increasing incidence of ophthalmic illnesses, such as cataracts, keratosis etc., together with increased surgical acceptance. Cataracts are thought to be the most prevalent eye condition by the world health organisation, which causes blindness in 23 million individuals or 51% of blindness worldwide. In addition, an estimated globally visually impaired 285 million individuals, 246 million of which have little sight, are reported by the World Health Organization. Thus, due to an rise in the amount of medicines for cataract and domestic blindness prevention plans, there is a big market for ophthalmic knives.

In addition to the development, medical devices and complementary diagnostics devices like Magnétal Resonance Imaging (MRI), Compotable Tomography (CT) and others, among the variables boosting the operation segment, are among the technological drivers on the ophthalmic knives market. Advanced diamond tip ophthalmic knives are also being promoted through the introduction of minimally invasive surgical procedures, such as ultramicrotomy and SICS.

However, some of the variables impeding the development of the market in ophthalmic knives include the elevated costs of the ophthalmic knives and the low-volume high-value nature of the market that resist the economy of scale and the low priority on eye care in medicine over other specialties.

Public health issues are expanding with every passing year and donning a prominent place in the list are visual disorders and blindness, paving the way for heated discussions on the way forward. On the other side, these are creating lucrative opportunities for market players of ophthalmic knives to dabble with, leading the market to chart a healthy CAGR (Compound Annual Growth Rate) between 2019 and 2027.

This is interesting because it is in sync with better ophthalmic knives making the rounds, bringing too fore uncomplicated and hassle free surgeries of the eyes. As these play a critical role by facilitating accurate incisions, demand rises. One of the most significant factors leading to growth in the global ophthalmic knives market is the rise in geriatric population.

Geriatric Population t Propel Growth in the Global Ophthalmic Knives Market over the Forecast Period

By 2050, 2 billion people will mark the age bracket of geriatrics – 60 and over. This is in direct contrast with a mere 900 million in 2015. As per a study, one in every six people will be aged 65 and above – one in every four in North America and Europe. It is interesting to note here that in 2018, the world witnesses making of history in terms of demographic shift. This year, for the first time in the history of mankind, there were more people aged 65 and above that those people aged five and below.

As this age group os prone to cataracts, glaucoma, vitreoretinal, and other refractive eye errors. This leads to much growth in the global ophthalmic knives market. This is further fuelled by technological advancements in the product.

By region, the worldwide market for ophthalmic knives should dominate North America with increasing expenses in healthcare. North America, with growing expenditure on health care, is anticipated to dominate the worldwide ophthalmitic knives market. In this context, several reimbursement possibilities also fuel development in the ophthalmic knives industry in nations like Canada and the USA and a growing amount of ASCs.

Some factors are anticipated to boost the marker development by technological progress in the manufacturing processes and the implementation of innovative designs for the eyewear. The last decade has seen significant improvement in ophthalmic operations in the developments of surgical instruments and in modernization of the surgical methods. The introduction of specialized knives is expected to boost the amount of ophthalmic surgeries in pediatric patients.

Key Players & Strategies

The main players in the worldwide market for ophthalmic knives are Surgistar, Optiedge, Sidapharm, Diamatrix Ltd, Bausch & Lomb Incorporated, Ophtechnics unlimited, and Unique Technologies Inc. The study provides an overview of the industry and includes detailed perspectives, facts as well as historical information, statistically endorsed and validated by the industry. It also includes predictions based on a number of appropriate assumptions and methods. The study study analyzes and offers data by sections of the market, such as geography, implementation and business.

With the presence of several market players, the market seems to be mildly fragmented. Sellers focus on obtaining specific products or businesses in sophisticated ophthalmology to improve the acceptance of their current businesses or products. This market research study helps customers identify fresh growth possibilities and develop distinctive growth policies by providing a thorough assessment and data on the competitive landscape of the market.

The global ophthalmic knives market has been segmented as follows:

  • Global Ophthalmic Knives Market by Product Type
    • Crescent Knives
    • Slit Knives
    • MVR Knives
    • Stab Knives
    • Others
  • Global Ophthalmic Knives Market by Usage
    • Reusable
    • Disposable
  • Global Ophthalmic Knives Market by Blade Type
    • Diamond
    • Stainless Steel
    • Others
  • Global Ophthalmic Knives Market by Application
    • Cataract
    • Glaucoma
    • Endothelial Keratoplasty
    • Others
  • Global Ophthalmic Knives Market by End User
    • Hospitals
    • Specialized Clinics
    • Others
  • Global Ophthalmic Knives Market by Region
    • North America
      • U.S.
      • Canada
    • Europe
      • Germany
      • U.K.
      • France
      • Italy
      • Spain
      • Rest of Europe
    • Asia Pacific
      • China
      • India
      • Japan
      • Australia & New Zealand
      • Rest of Asia Pacific
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America
    • Middle East & Africa
      • GCC Countries
      • South Africa
      • Rest of Middle East & Africa

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