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Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....
Ophthalmic Knife Market: By Product Type By Usage, By Blade By Application By End User, and Geography
Ophthalmic Knife Market: By Product Type By Usage, By Blade By Application By End User, and Geography
Ophthalmic Knife Market size was valued at US$ 4.6 billion in 2021 and is projected to reach US$ 11.6 billion by 2028 at a CAGR of 4.11% from 2023-2029. The driving force is provided by diseases such as glaucoma and cataract which requires minimally invasive surgery and improved healthcare facilities it consist of a variety of design that improve its application hence contributing to the growth in the global ophthalmic knife market. Resistance to ophthalmic is the high cost of ophthalmic knives and the low focus on ophthalmology, in medicine, as compared to others. Certain innovative procedures for developing certain grade stainless steel and the introduction of various sharp knife manufacturing processes are some of the factors that can be attributed to a lot of trending opportunities and the development of the global Ophthalmic knife market. Ophthalmic knives are fine blades used during ophthalmic surgeries to conduct deep, precise, and precise cuts in order to minimize the surgical footprint. Ophthalmic knives are used in a wide range of ophthalmic treatments, including keratitis, glaucoma, cataract surgery, and more. Ophthalmic knives can be used only once or can be reused. They provide greater control and precision during surgical procedures, as well as exceptional sharpness, resulting in a high-quality incision. Surgical blades come in a variety of shapes and sizes, depending on the technique. In addition, the market for ophthalmic knives is being influenced by expanding government attempts to improve eye care services.
The Ophthalmic Knife Market Key Developments:
Study Period
2024-2030Base Year
2023CAGR
4.11%Largest Market
North-AmericaFastest Growing Market
North America
It is noticed that the global ophthalmic knife market is influenced mainly by the increase application of disposable ophthalmic surgeries which is the key factor causing the ophthalmic knife market to grow. The surgery performed on the eye or its adnexa, usually by an ophthalmologist, is known as ocular surgery.The eye is a very delicate organ which needs special caution to mitigate or avoid further damage before, during, and after a surgical procedure. It is the responsibility of an expert eye surgeon to choose the appropriate surgical technique for the patient, and to take the requisite safety precautions.
North America contributed major revenue followed by Europe and Asia Pacific. In 2019, North America region accounted huge growth rate and is anticipated to grow with a forecast year. Technology advancement had opened up the lead for minimum invasive surgery through the global ophthalmic knife market. Increase in geriatric population is the key variable. It is anticipated to increase from 901 million in 2030 to 2.1 billion by 2050. Europe make a profit of 70% by favorable reimbursement strategy and increase in the number of populations who has age related problems. Asia Pacific CAGR is around 6.9% as there is a significant increase in the demand and rise in the market players which include China and India.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2028 |
US$ 11.6 billion |
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Market CAGR |
4.11% |
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By Design Type |
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By Usage |
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By Blade |
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By Application |
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The ophthalmic knife market size was valued at US$ 4.6 billion in 2021
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
The ophthalmic knife market key players are Alcon, Inc., Hoya Corporation, Essilor, Topcon Corporation, Hai Laboratories, Inc., Bausch and Lomb Incorporated, MANI Inc., Seiko Optical Products Co., Ltd.
Key Market Players
Author
Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthcare domain, encompassing pharmaceuticals, medical devices, and diagnostics. A graduate in Pharmacy, he possesses a strong foundation in the intricacies of the healthcare sector. He further enhanced his expertise by pursuing an MBA in Pharmaceuticals, equipping him with valuable business acumen. His analytical skills and market insights have contributed to strategic decision-making and enhanced market positioning for various healthcare organizations. Committed to driving innovation and excellence, Muni continues to seek opportunities to improve healthcare delivery through data-driven insights.