Ophthalmic knives is a tool that can be used for cutting the tissues within the eye while performing ophthalmic surgery. Ophthalmic knives are developed with the help of unique alloys and are tolerant to low levels. Ophthalmic knives are intended to cut profound, fine, and precise surgical footprint. There are a various types of design introduced in the ophthalmic knives market, such as straight knives, crescent knives, slit knives, MVR knives, stab knives, and others. These types of designs are widely used in various ophthalmic surgeries, including glaucoma surgeries, cataracts surgeries keratosis surgeries, and others. The older people are mostly affected by conditions, such as dry eye, cataract, diabetic retinopathy, and macular degeneration related to age (MDA). One of the main treatments during these illnesses is corneal transplantation, in which ophthalmic knives are mostly used.
The major factors that drive the growth of the global ophthalmic knives market include, increase in prevalence of ophthalmic diseases, such as cataracts, keratosis and others, coupled with the growing adoption of surgery, which is the prime driver of the global ophthalmic knives market. In addition, rise in geriatric population globally, surge in government initiatives to control visual impairment, and increase in the number of ophthalmic surgeries, are some factors boosting the growth of the ophthalmic knives market. However, high cost of ophthalmic knives products is likely to restrain the growth of the ophthalmic knives market during the forecast period. However, low awareness regarding eye-related diseases and dearth of skilled professionals are expected to hamper the growth of the market. On the contrary, emerging countries such as China, India, and other Asia-Pacific countries possess high growth potential, owing to the improving healthcare infrastructures in these countries.
The ophthalmic knives market is segmented into design, product type, application, end user, and region. According to design, the market is categorized into straight knives, crescent knives, slit knives, MVR knives, and others. By product, it is segregated into reusable ophthalmic knives and disposable ophthalmic knives. According to application, the market is segmented into glaucoma surgery, cataract surgery, and others. On the basis of end user, it is segmented into hospitals, eye clinics, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major companies profiled in the report include, Amar Instruments, Bausch Health Companies Inc., Beijing Bohaikangyuan Medical Devices Co., Ltd, Core Surgical Ltd, Diamatrix Ltd, HAI Laboratories, Inc., Kanchan Eye Instruments, Mani, Inc., Micromed International Pvt. Ltd, Omni Lens Pvt Ltd, Ophtechnics unlimited, Inc., Ophthalmic Solution, Inc., Paramount Surgical Ltd, SafeOps Surgical Care Ltd., Sidapharm, Inc., Surgi Edge, Inc., and Surgistar, Inc.
The major factors that drive the growth of the global ophthalmic knives market include, increase in prevalence of ophthalmic diseases, such as cataracts, keratosis and others, coupled with the growing adoption of surgery, which is the prime driver of the global ophthalmic knives market. In addition, rise in geriatric population globally, surge in government initiatives to control visual impairment, and increase in the number of ophthalmic surgeries, are some factors boosting the growth of the ophthalmic knives market. However, high cost of ophthalmic knives products is likely to restrain the growth of the ophthalmic knives market during the forecast period. However, low awareness regarding eye-related diseases and dearth of skilled professionals are expected to hamper the growth of the market. On the contrary, emerging countries such as China, India, and other Asia-Pacific countries possess high growth potential, owing to the improving healthcare infrastructures in these countries.
The ophthalmic knives market is segmented into design, product type, application, end user, and region. According to design, the market is categorized into straight knives, crescent knives, slit knives, MVR knives, and others. By product, it is segregated into reusable ophthalmic knives and disposable ophthalmic knives. According to application, the market is segmented into glaucoma surgery, cataract surgery, and others. On the basis of end user, it is segmented into hospitals, eye clinics, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major companies profiled in the report include, Amar Instruments, Bausch Health Companies Inc., Beijing Bohaikangyuan Medical Devices Co., Ltd, Core Surgical Ltd, Diamatrix Ltd, HAI Laboratories, Inc., Kanchan Eye Instruments, Mani, Inc., Micromed International Pvt. Ltd, Omni Lens Pvt Ltd, Ophtechnics unlimited, Inc., Ophthalmic Solution, Inc., Paramount Surgical Ltd, SafeOps Surgical Care Ltd., Sidapharm, Inc., Surgi Edge, Inc., and Surgistar, Inc.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the ophthalmic knives market analysis from 2021 to 2031 to identify the prevailing ophthalmic knives market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the ophthalmic knives market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global ophthalmic knives market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Design
- Straight Knives
- Crescent Knives
- Slit Knives
- MVR Knives
- Others
By Product
- Reusable Ophthalmic Knives
- Disposable Ophthalmic Knives
By Application
- Glaucoma Surgery
- Cataract Surgery
- Others
By End User
- Hospitals
- Eye Clinics
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- Ophthalmic Solution
- Core Surgical
- Omnilens
- SafeOps
- Micromed International
- Mani, Inc.
- Kanchan Eye Instruments
- Bausch Health (Storz Opthalmic Instrument)
- Diamatrix Ltd
- HAI Labs, Inc.
- Amar Instruments
- Sidapharm
- Ophtechnics Unlimited
- BHKY
- Surgi Edge
- Paramount Surgimed Ltd.
- Surgi Star
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: OPHTHALMIC KNIVES MARKET, BY DESIGN
CHAPTER 5: OPHTHALMIC KNIVES MARKET, BY PRODUCT
CHAPTER 6: OPHTHALMIC KNIVES MARKET, BY APPLICATION
CHAPTER 7: OPHTHALMIC KNIVES MARKET, BY END USER
CHAPTER 8: OPHTHALMIC KNIVES MARKET, BY REGION
CHAPTER 9: COMPANY LANDSCAPE
CHAPTER 10: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “Ophthalmic Knives Market," the ophthalmic knives market was valued at $302.15 million in 2021, and is estimated to reach $461.3 million by 2031, growing at a CAGR of 4.3% from 2022 to 2031.Ophthalmic knives are fine blades designed for performing deep, fine, and precision cuts during ophthalmic surgeries to reduce the surgical footprint. These are manufactured using special alloys and have low tolerance.
Increase in the incidence of ophthalmic diseases, such as cataracts, keratosis, and others, coupled with the growing adoption of surgery is the prime driver of the global ophthalmic knives market size. The World Health Organization estimates that cataract is the most common eye ailment, which has caused blindness in 23 million people or 51% of the world’s blindness. The World Health Organization further states that an estimated 285 million people are visually impaired globally, of which 246 million people have low vision. Thus, there is a large market for ophthalmic knives owing to increase in the number of treatments for cataract and national plans for the prevention of blindness. Furthermore, increase in the number of ophthalmic surgeries also increases the adoption of ophthalmic knives are some ophthalmic knives market trends which further boosts the growth of the market.
However, high cost of the ophthalmic surgeries and reusable ophthalmic knives, and dearth of skilled professionals, coupled with lack of awareness about eye care in low-income economies are some of the factors hampering the growth of the ophthalmic knives market. Conversely, high growth potential in untapped emerging economies provides opportunities for the ophthalmic knives market growth.
COVID-19 is a large family of viruses that causes illness ranging from common cold to more severe respiratory diseases. The COVID-19 pandemic has negatively impacted the ophthalmic industry, as the demand for ophthalmic knives decline due to decline in the number of elective eye surgeries being conducted per week in hospitals and clinics.
The ophthalmic knives market is segmented into design, product type, application and end user. According to design, the market is categorized into straight knives, crescent knives, slit knives, MVR knives, and others. The slit knives segment dominated the market in 2021 and is expected to remain dominant during the forecast period, owing to the fact that, slit ophthalmic knives are light in weight, easy to handle fur physicians, and have blunt tips that offer seamless finishing. However, straight knives registered highest CAGR during forecast period owing to, its benefit of single-handed blade retraction. These possess superior sharpness and are also available in double bevel type. The metal blades in straight knives are disposable, which drives their popularity over reusable blades, owing to advantages such as minimal cross-infection risks and affordability.
By product, it is segregated into reusable ophthalmic knives and disposable ophthalmic knives. The reusable ophthalmic knives garnered largest revenue to the market in 2021, owing great durability as they are manufactured with precision-engineered materials, which makes them reusable by physicians several times. However, disposable ophthalmic knives expected to register highest CAGR during the forecast period owing to, its affordability, reduced risk of cross-infection, and no risk of the knife becoming worn or damaged, which eliminates repair costs along with the risk of accidents or broken implements during surgery.
According to application, the market is segmented into glaucoma surgery, cataract surgery, and others. The cataract surgery segment dominated the ophthalmic knives market share in 2021 and is expected to remain dominant during the forecast period owing to increase in prevalence of cataract.
On the basis of end user, it is segmented into hospitals, eye clinics, and others. The hospitals segment garnered largest revenue in 2021. This is attributed to the increasing number of ophthalmic surgeries, improving healthcare facilities, and favorable reimbursement policies. However, the others (research institutes, ambulatory surgery centers) segment is expected to register highest CAGR during the forecast period, owing to factors such as increase in preference of patients toward ambulatory surgical centers for performing glaucoma surgery, owing to reduced medical cost, easy access for patient, increased physician accessibility, and easy scheduling.
Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The North America market was dominant, in terms of revenue, among other regions in 2021, owing to well-established healthcare system, increase in number of geriatric patients, and supportive reimbursement policies in healthcare system.
On the other hand, Asia-Pacific is expected to register fastest CAGR of 5.6% during the forecast period, owing to improving healthcare infrastructure in the region and large patient populations for target diseases. In addition, expanding presence of key market players in the region propels the market growth.
Key Findings of the Study
- On the basis of design, the slit knives segment dominated the market in 2021, and is expected to continue this trend during the forecast period.
- On the basis of product, the reusable ophthalmic segment dominated the market in 2021, and is expected to continue this trend during the forecast period.
- On the basis of application, the cataract surgery segment dominated the market in 2021, and is expected to continue this trend during the forecast period.
- Depending on end user, hospital segment is projected to grow at a CAGR of 3.7% during the forecast period.
- Region-wise, North America garnered the largest revenue share in 2021. However, Asia-pacific is anticipated to grow at the highest CAGR 5.6% during the forecast period.
Companies Mentioned
- Ophthalmic Solution
- Core Surgical
- Omnilens
- Safeops
- Micromed International
- Mani, Inc.
- Kanchan Eye Instruments
- Bausch Health (Storz Opthalmic Instrument)
- Diamatrix Ltd
- Hai Labs, Inc.
- Amar Instruments
- Sidapharm
- Ophtechnics Unlimited
- Bhky
- Surgi Edge
- Paramount Surgimed Ltd.
- Surgi Star
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
LOADING...
