Ophthalmic Handheld Surgical Instruments Market report published by Value Market Research, which studies the future outlook of the market. It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2022-2028.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the ophthalmic handheld surgical instruments market include BVI, Accutome Inc., Katena Products Inc., Haag-Streit Group, Appasamy Associates, Millennium Surgical Corp, Katalyst Surgical, ASICO LLC., INKA Surgical Instruments, Surgical Holdings. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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Market Dynamics
Global demand for handheld ophthalmic surgical equipment is anticipated to rise due to the increasing number of the elderly population. The chronic eye disorders such as glaucoma, night blindness, cataract, and vitreoretinal disorder are increasing which will boost the demand for ophthalmic handheld surgical instruments.The inclination toward safe and invasive surgeries, an increase in awareness about technologically advanced products, a well-established healthcare infrastructure, an increase in government initiatives, and financial assistance to patients for ophthalmic surgeries is likely to expand the market for handheld surgical instruments. Governments in developing nations are investing heavily in the modernization of the life sciences sector and the healthcare infrastructure, which will enhance access to healthcare. This is anticipated to raise demand for ophthalmic handheld surgical instruments and, as a result, open up enormous market opportunities.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of ophthalmic handheld surgical instruments. The growth and trends of ophthalmic handheld surgical instruments industry provide a holistic approach to this study.
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Market Segmentation
This section of the ophthalmic handheld surgical instruments market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product
· Forceps
· Scissor
· Chopper
· Ophthalmic Knives
· Cannula
· Others
By End-Use
· Hospitals
· Ophthalmic Clinics
· Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Ophthalmic Handheld Surgical Instruments market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
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The ophthalmic surgical instruments market is segmented into femtosecond lasers, excimer lasers, other lasers, and refractive surgery instruments & kits.
The femtosecond lasers segment accounted for the major share of the refractive surgery devices market and is also expected to register the highest CAGR during the forecast period.
The large share and high growth of this segment is attributed to its benefits such as lower incidence of dry eyes, less induced aberrations, greater safety, faster uncorrected visual acuity recovery, less intraocular pressure (IOP) variation in the femtosecond-created flap, and growing number of femtosecond laser-assisted surgeries being performed across the globe.What the Market Looks Like?The global Ophthalmic surgical instruments market is projected to reach USD 11.18 Billion by 2022 from USD 8.36 Billion in 2017, at a CAGR of 6.0%.
Growth in this market is attributed to the rapid growth in the geriatric population, increasing number of ophthalmic surgeries owing to the rising prevalence of eye diseases, technological advancement in ophthalmic surgical instruments, and government initiatives to increase awareness about visual impairment across the globe.Based on product, the ophthalmology surgical instruments market is segmented into cataract surgery devices, vitreoretinal surgery devices, refractive surgery devices, glaucoma surgery devices, ophthalmic microscopes, and accessories.
The cataract surgery devices segment accounted for the major share of the global ophthalmic surgical instruments market.
The large share of this segment can primarily be attributed to the growing number of cataract surgeries across the globe.
