The ophthalmic handheld surgical instruments market size has grown strongly in recent years. It will grow from $2.31 billion in 2023 to $2.44 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to the advancements in surgical techniques, increased prevalence of ophthalmic diseases, growing geriatric population, rise in demand for minimally invasive procedures, and expansion in emerging markets.
The ophthalmic handheld surgical instruments market size is expected to see strong growth in the next few years. It will grow to $3.06 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. During the forecast period, growth is expected due to advancements in microsurgical techniques, heightened demand for minimally invasive procedures, a rising incidence of eye disorders, expansion of the elderly population, improved healthcare infrastructure in emerging markets, and a stronger emphasis on precision and efficacy in surgical interventions. Key trends in this period include the development of advanced microsurgical tools, broader application of minimally invasive procedures, increased use of disposable instruments, greater adoption of robotic-assisted surgery, a transition toward customizable instrument sets, increased investments in surgeon training and education initiatives, and the rise of telemedicine solutions.
The surge in chronic eye disorders is anticipated to drive the expansion of the ophthalmic handheld surgical instruments market in the future. Chronic eye disorders encompass enduring conditions affecting the eyes or visual system, necessitating ongoing management and treatment. The prevalence of such disorders stems from factors such as aging demographics, escalating diabetes rates, lifestyle shifts, genetic predispositions, and heightened awareness and screening initiatives. Ophthalmic handheld surgical instruments play a vital role in diagnosing and treating various corneal disorders, empowering ophthalmic surgeons to conduct precise interventions that safeguard vision and enhance patients' quality of life. For instance, as of January 2024, the Centers for Disease Control and Prevention reported that over 3.4 million Americans aged 40 and above were either blind or visually impaired, a figure projected to double by 2030. Thus, the upsurge in chronic eye disorders is poised to spur growth in the ophthalmic handheld surgical instruments market.
Key players in the ophthalmic handheld surgical instruments market are innovating with advanced technologies, exemplified by handheld corneal esthesiometers, which boast multiple sophisticated functionalities for precise corneal sensitivity measurement. These devices serve critical roles in ophthalmology and neurology by evaluating corneal nerve functionality and diagnosing conditions impacting corneal sensitivity. For example, in July 2023, Brill Engines introduced the corneal esthesiometer brill (CEB), the globe's inaugural handheld corneal esthesiometer. Tailored for user convenience, the CEB facilitates straightforward operation, typically requiring minimal training. These handheld instruments offer dependable, precise, and efficient corneal sensitivity assessments, contributing to the diagnosis and treatment of various ocular and neurological ailments.
In April 2021, Katena Products, a US-based manufacturer of ophthalmic surgical instruments, completed the acquisition of ASICO for an undisclosed sum. This strategic move enables Katena to broaden its product range, extend its market presence, and tap into ASICO's valuable expertise and innovative capabilities, consolidating Katena's position as a premier provider of comprehensive ophthalmic surgical solutions. ASICO, also based in the US, specializes in manufacturing and distributing high-quality ophthalmic surgical instruments.
Major companies operating in the ophthalmic handheld surgical instruments market are Novartis AG, Thompson Surgical Instruments Inc., Bausch + Lomb Incorporated, Carl Zeiss Meditec AG, Topcon Corporation, Metall Zug AG, Lumenis Ltd., BVI Medical, Keeler, Katalyst Surgical, Moria S.A., MicroSurgical Technology Inc., Oertli Instrumente AG, Duckworth & Kent Limited, Surgistar Inc., Nova Eye Medical Ltd, Accutome Inc., Takagi Ophthalmic Instruments Europe Ltd, Rumex International Co., Altomed Limited, Katena Products Inc, Mastel Precision Surgical Instruments LLC, Pelion Surgical LLC, Stephens Instruments, Insight Instruments Inc.
North America was the largest region in the ophthalmic handheld surgical instruments market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the ophthalmic handheld surgical instruments market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the ophthalmic handheld surgical instruments market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Ophthalmic handheld surgical instruments are specialized implements utilized by eye surgeons in a variety of eye surgeries. These tools play a crucial role in ensuring precise, safe, and effective outcomes for patients undergoing ophthalmic procedures. Common applications for ophthalmic handheld surgical instruments include cataract removal, glaucoma treatment, retinal repairs, and corneal transplants.
Primary offerings within ophthalmic handheld surgical instruments include ophthalmic knives, forceps, scissors, choppers, rapid immunotherapies, and additional tools. Ophthalmic knives are specialized implements utilized in a range of ocular surgeries to make meticulous incisions in eye tissues. They find application across various procedures including those related to cataracts, refractive issues, glaucoma, vitreoretinal conditions, diabetic retinopathy, and more. These instruments cater to diverse end-users including hospitals, ophthalmic clinics, and other medical facilities.
The ophthalmic handheld surgical instruments market research report is one of a series of new reports that provides ophthalmic handheld surgical instruments market statistics, including ophthalmic handheld surgical instruments industry global market size, regional shares, competitors with a ophthalmic handheld surgical instruments market share, detailed ophthalmic handheld surgical instruments market segments, market trends and opportunities, and any further data you may need to thrive in the ophthalmic handheld surgical instruments industry. This ophthalmic handheld surgical instruments market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The ophthalmic handheld surgical instruments market consists of sales of spatulas, hooks, speculums, and retractors. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The ophthalmic handheld surgical instruments market size is expected to see strong growth in the next few years. It will grow to $3.06 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. During the forecast period, growth is expected due to advancements in microsurgical techniques, heightened demand for minimally invasive procedures, a rising incidence of eye disorders, expansion of the elderly population, improved healthcare infrastructure in emerging markets, and a stronger emphasis on precision and efficacy in surgical interventions. Key trends in this period include the development of advanced microsurgical tools, broader application of minimally invasive procedures, increased use of disposable instruments, greater adoption of robotic-assisted surgery, a transition toward customizable instrument sets, increased investments in surgeon training and education initiatives, and the rise of telemedicine solutions.
The surge in chronic eye disorders is anticipated to drive the expansion of the ophthalmic handheld surgical instruments market in the future. Chronic eye disorders encompass enduring conditions affecting the eyes or visual system, necessitating ongoing management and treatment. The prevalence of such disorders stems from factors such as aging demographics, escalating diabetes rates, lifestyle shifts, genetic predispositions, and heightened awareness and screening initiatives. Ophthalmic handheld surgical instruments play a vital role in diagnosing and treating various corneal disorders, empowering ophthalmic surgeons to conduct precise interventions that safeguard vision and enhance patients' quality of life. For instance, as of January 2024, the Centers for Disease Control and Prevention reported that over 3.4 million Americans aged 40 and above were either blind or visually impaired, a figure projected to double by 2030. Thus, the upsurge in chronic eye disorders is poised to spur growth in the ophthalmic handheld surgical instruments market.
Key players in the ophthalmic handheld surgical instruments market are innovating with advanced technologies, exemplified by handheld corneal esthesiometers, which boast multiple sophisticated functionalities for precise corneal sensitivity measurement. These devices serve critical roles in ophthalmology and neurology by evaluating corneal nerve functionality and diagnosing conditions impacting corneal sensitivity. For example, in July 2023, Brill Engines introduced the corneal esthesiometer brill (CEB), the globe's inaugural handheld corneal esthesiometer. Tailored for user convenience, the CEB facilitates straightforward operation, typically requiring minimal training. These handheld instruments offer dependable, precise, and efficient corneal sensitivity assessments, contributing to the diagnosis and treatment of various ocular and neurological ailments.
In April 2021, Katena Products, a US-based manufacturer of ophthalmic surgical instruments, completed the acquisition of ASICO for an undisclosed sum. This strategic move enables Katena to broaden its product range, extend its market presence, and tap into ASICO's valuable expertise and innovative capabilities, consolidating Katena's position as a premier provider of comprehensive ophthalmic surgical solutions. ASICO, also based in the US, specializes in manufacturing and distributing high-quality ophthalmic surgical instruments.
Major companies operating in the ophthalmic handheld surgical instruments market are Novartis AG, Thompson Surgical Instruments Inc., Bausch + Lomb Incorporated, Carl Zeiss Meditec AG, Topcon Corporation, Metall Zug AG, Lumenis Ltd., BVI Medical, Keeler, Katalyst Surgical, Moria S.A., MicroSurgical Technology Inc., Oertli Instrumente AG, Duckworth & Kent Limited, Surgistar Inc., Nova Eye Medical Ltd, Accutome Inc., Takagi Ophthalmic Instruments Europe Ltd, Rumex International Co., Altomed Limited, Katena Products Inc, Mastel Precision Surgical Instruments LLC, Pelion Surgical LLC, Stephens Instruments, Insight Instruments Inc.
North America was the largest region in the ophthalmic handheld surgical instruments market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the ophthalmic handheld surgical instruments market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the ophthalmic handheld surgical instruments market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Ophthalmic handheld surgical instruments are specialized implements utilized by eye surgeons in a variety of eye surgeries. These tools play a crucial role in ensuring precise, safe, and effective outcomes for patients undergoing ophthalmic procedures. Common applications for ophthalmic handheld surgical instruments include cataract removal, glaucoma treatment, retinal repairs, and corneal transplants.
Primary offerings within ophthalmic handheld surgical instruments include ophthalmic knives, forceps, scissors, choppers, rapid immunotherapies, and additional tools. Ophthalmic knives are specialized implements utilized in a range of ocular surgeries to make meticulous incisions in eye tissues. They find application across various procedures including those related to cataracts, refractive issues, glaucoma, vitreoretinal conditions, diabetic retinopathy, and more. These instruments cater to diverse end-users including hospitals, ophthalmic clinics, and other medical facilities.
The ophthalmic handheld surgical instruments market research report is one of a series of new reports that provides ophthalmic handheld surgical instruments market statistics, including ophthalmic handheld surgical instruments industry global market size, regional shares, competitors with a ophthalmic handheld surgical instruments market share, detailed ophthalmic handheld surgical instruments market segments, market trends and opportunities, and any further data you may need to thrive in the ophthalmic handheld surgical instruments industry. This ophthalmic handheld surgical instruments market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The ophthalmic handheld surgical instruments market consists of sales of spatulas, hooks, speculums, and retractors. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Ophthalmic Handheld Surgical Instruments Market Characteristics3. Ophthalmic Handheld Surgical Instruments Market Trends And Strategies32. Global Ophthalmic Handheld Surgical Instruments Market Competitive Benchmarking33. Global Ophthalmic Handheld Surgical Instruments Market Competitive Dashboard34. Key Mergers And Acquisitions In The Ophthalmic Handheld Surgical Instruments Market
4. Ophthalmic Handheld Surgical Instruments Market - Macro Economic Scenario
5. Global Ophthalmic Handheld Surgical Instruments Market Size and Growth
6. Ophthalmic Handheld Surgical Instruments Market Segmentation
7. Ophthalmic Handheld Surgical Instruments Market Regional And Country Analysis
8. Asia-Pacific Ophthalmic Handheld Surgical Instruments Market
9. China Ophthalmic Handheld Surgical Instruments Market
10. India Ophthalmic Handheld Surgical Instruments Market
11. Japan Ophthalmic Handheld Surgical Instruments Market
12. Australia Ophthalmic Handheld Surgical Instruments Market
13. Indonesia Ophthalmic Handheld Surgical Instruments Market
14. South Korea Ophthalmic Handheld Surgical Instruments Market
15. Western Europe Ophthalmic Handheld Surgical Instruments Market
16. UK Ophthalmic Handheld Surgical Instruments Market
17. Germany Ophthalmic Handheld Surgical Instruments Market
18. France Ophthalmic Handheld Surgical Instruments Market
19. Italy Ophthalmic Handheld Surgical Instruments Market
20. Spain Ophthalmic Handheld Surgical Instruments Market
21. Eastern Europe Ophthalmic Handheld Surgical Instruments Market
22. Russia Ophthalmic Handheld Surgical Instruments Market
23. North America Ophthalmic Handheld Surgical Instruments Market
24. USA Ophthalmic Handheld Surgical Instruments Market
25. Canada Ophthalmic Handheld Surgical Instruments Market
26. South America Ophthalmic Handheld Surgical Instruments Market
27. Brazil Ophthalmic Handheld Surgical Instruments Market
28. Middle East Ophthalmic Handheld Surgical Instruments Market
29. Africa Ophthalmic Handheld Surgical Instruments Market
30. Ophthalmic Handheld Surgical Instruments Market Competitive Landscape And Company Profiles
31. Ophthalmic Handheld Surgical Instruments Market Other Major And Innovative Companies
35. Ophthalmic Handheld Surgical Instruments Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Ophthalmic Handheld Surgical Instruments Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on ophthalmic handheld surgical instruments market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for ophthalmic handheld surgical instruments ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The ophthalmic handheld surgical instruments market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Product: Ophthalmic Knives; Forceps; Scissor; Chopper; Rapid Immunotherapies; Other Products2) By Application: Cataract; Refractive; Glaucoma; Vitreoretinal; Diabetic Retinopathy; Other Applications
3) By End-User: Hospital; Ophthalmic Clinic; Other End Users
Key Companies Mentioned: Novartis AG; Thompson Surgical Instruments Inc.; Bausch + Lomb Incorporated; Carl Zeiss Meditec AG; Topcon Corporation
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Novartis AG
- Thompson Surgical Instruments Inc.
- Bausch + Lomb Incorporated
- Carl Zeiss Meditec AG
- Topcon Corporation
- Metall Zug AG
- Lumenis Ltd.
- BVI Medical
- Keeler
- Katalyst Surgical
- Moria S.A.
- MicroSurgical Technology Inc.
- Oertli Instrumente AG
- Duckworth & Kent Limited
- Surgistar Inc.
- Nova Eye Medical Ltd
- Accutome Inc.
- Takagi Ophthalmic Instruments Europe Ltd
- Rumex International Co.
- Altomed Limited
- Katena Products Inc
- Mastel Precision Surgical Instruments LLC
- Pelion Surgical LLC
- Stephens Instruments
- Insight Instruments Inc.
Methodology
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