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Ophthalmic Knives Market - Growth, Trends, and Forecast (2020 - 2025)

  • ID: 4896197
  • Report
  • January 2020
  • Region: Global
  • 112 pages
  • Mordor Intelligence
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FEATURED COMPANIES

  • Alcon(Novartis)
  • Diamatrix Ltd
  • Ophtechnics Unlimited
  • Optiedge, India
  • Paramount Surgimed Ltd
  • Sidapharm
  • MORE
Market Overview

The ophthalmic knives market is projected to grow with a healthy CAGR over the forecast period. The major factor attributing to the growth of the market is the growing incidence of ophthalmic diseases like cataracts, keratosis, and others. According to the World Blind Union, 2017, nearly 300 million people around the world estimated to be blind or visually impaired, with increasing patient pool, the market for ophthalmic knives also increases. Furthermore, the growing geriatric population, who are prone to various eye disorders increases the cases of the diseases, and in turn the surgeries. Growth of the medical devices industry, coupled with the implementation of approving diagnostic devices are a few other major factors driving the market. However, the high cost of ophthalmic knives is the major restraint to the growth of the market. The high cost to low volume ratio is a major drawback.

Scope of the Report

As per the scope of the report, ophthalmic knives are fine blades intended for performing deep, fine and precision cuts during ophthalmic surgeries to reduce the surgical imprint. These are manufactured by using special alloys and have a low tolerance. This report is segmented by Design, by Product, by End User, and by Geography.

Key Market Trends

The straight knives segment is anticipated to have a major share in the market.
  • Ophthalmic knives are segmented into Straight knives, Crescent knives, Slit knives, MVR knives, etc.
  • The straight ophthalmic knife has the advantage of single-handed blade retraction. These retain superior sharpness and are also accessible in double bevel type. The metal blades in straight knives are disposable, which is leading their popularity over reusable blades owing to benefits such as minimal cross-infection risks and affordability.
  • The increasing incidence of chronic ophthalmic diseases globally, increasing number of eye surgeries are factors that are directly proportional to the market growth of the segment.
  • According to EUROSTAT, a number of cataract surgeries conducted in the United Kingdom for the year 2016 is approximately 491.6 thousand. The statistics give a clear picture of the increasing number of eye surgeries, which in turn increases the growth of the market.
Asia Pacific is expected to be the fastest-growing market in the forecast period.

The Asia Pacific is expected to grow rapidly, throughout the forecast period. The market growth is due to factors such as increasing demand for enhanced ophthalmic knives and a substantial rise in the number of local market players in countries such as China, India, and South Korea. Furthermore, beneficial government initiatives and an increase in the number of research partnerships are some of the drivers expected to increase the market growth. Countries like Thailand, India, and Malaysia are facing a steep rise in medical tourism in recent years. This is due to the increasing existence of healthcare services providers which offer world-class services at reasonable costs. Additionally, the increasing number of non-profit organizations that offer inexpensive healthcare services in rural parts of the region are expected to fuel the demand during the forecast period.

Competitive Landscape

The Ophthalmic Knives market is moderately competitive and consists of several major players. Some of the companies which are currently dominating the market are Alcon(Novartis), Optiedge, India, Paramount Surgimed Ltd., Surgistar, Ophtechnics Unlimited, Sidapharm, Diamatrix Ltd., Bausch & Lomb Incorporated and Unique Technologies Inc.

Reasons to Purchase this report:
  • The market estimate (ME) sheet in Excel format.
  • Report customization as per the client's requirements.
  • 3 months of analyst support.

This report will be delivered within 2 business days.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Alcon(Novartis)
  • Diamatrix Ltd
  • Ophtechnics Unlimited
  • Optiedge, India
  • Paramount Surgimed Ltd
  • Sidapharm
  • MORE
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increase in the incidence of ophthalmic diseases
4.2.2 Growth of the medical devices industry
4.3 Market Restraints
4.3.1 High cost of the opthalmic knives
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 By Design
5.1.1 Straight knives
5.1.2 Crescent knives
5.1.3 Slit knives
5.1.4 MVR knives
5.1.5 Others
5.2 By Product
5.2.1 Reusable ophthalmic knives
5.2.2 Single-use ophthalmic knives
5.3 By End-User
5.3.1 Hospital
5.3.2 Clinics
5.3.3 Others
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Italy
5.4.2.5 Spain
5.4.2.6 Rest of Europe
5.4.3 Asia Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 Australia
5.4.3.5 South Korea
5.4.3.6 Rest of Asia-Pacific
5.4.4 Middle East and Africa
5.4.4.1 GCC
5.4.4.2 South Africa
5.4.4.3 Rest of Middle East and Africa
5.4.5 South America
5.4.5.1 Brazil
5.4.5.2 Argentina
5.4.5.3 Rest of South America

6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Alcon(Novartis)
6.1.2 Optiedge, India
6.1.3 Paramount Surgimed Ltd
6.1.4 Surgistar
6.1.5 Ophtechnics Unlimited
6.1.6 Sidapharm
6.1.7 Diamatrix Ltd
6.1.8 Bausch & Lomb Incorporated
6.1.9 Unique Technologies Inc.

7 MARKET OPPORTUNITIES AND FUTURE TRENDS
Note: Product cover images may vary from those shown
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  • Alcon(Novartis)
  • Optiedge, India
  • Paramount Surgimed Ltd
  • Surgistar
  • Ophtechnics Unlimited
  • Sidapharm
  • Diamatrix Ltd
  • Bausch & Lomb Incorporated
  • Unique Technologies Inc.
Note: Product cover images may vary from those shown
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