Ophthalmic surgical instruments market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the ophthalmic surgical instruments market to account grow at a CAGR of 10.1% in the above-mentioned forecast period.
The ophthalmic devices are used in the diagnosis and treatment of eyes associated diseases such as peripheral vitreoretinal disease, vision loss due to aging, refractive eye state, glaucoma treatment, cataract surgeries, and others in hospitals or other specialty clinics. The rising number of players to develop and launch ophthalmic devices for further enhancement such as clear visualization by using ophthalmic microscopes, smart phone associated ophthalmic devices, and devices being used for glaucoma and cataract surgeries.
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Segmentation: Global Ophthalmic Surgical Instruments Market
- By Product (Cataract Surgery Devices, Refractive Surgery Devices, Glaucoma Surgery Devices, Vitreoretinal Surgery Devices, Ophthalmic Microscopes and Ophthalmic Surgical Accessories)
- By Application (Cataract, Refractive, Glaucoma, Vitreoretinal, Diabetic Retinopathy and Others)
- By End User (Hospitals, Specialty Clinics and Ambulatory Surgery Centers)
Major Market competitors/players: Global Ophthalmic Surgical Instruments Market
The major players covered in the ophthalmic surgical instruments market report are ZEISS International, Leica Microsystem, Johnson & Johnson Services, Inc., Quantel Medical, Bausch Health Companies Inc., NIDEK CO., LTD., Novartis AG, Ellex Medical Lasers Ltd., Ziemer Ophthalmic Systems, HOYA Corporation, Lumenis, STAAR SURGICAL, IRIDEX Corporation, TOPCON CORPORATION, Takagi Ophthalmic Instruments Europe LTD., ACB MOLTENO, Medical Technical Products, IVIS Technologies, Aurolab, Inami & Co., Ltd. among other domestic and global players.
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- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
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Key insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key Market players involved in this industry
- Detailed analysis of the Market Segmentation
- Competitive analysis of the key players involved
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Related Reports:
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.
The ophthalmic surgical instruments market size is expected to reach USD 15.02 billion by 2028 according to a new study by Polaris Market Research.
The report “Ophthalmic Surgical Instruments Market Share, Size, Trends, Industry Analysis Report, By Product; By Application (Cataract Surgery, Glaucoma Surgery, Refractive Surgery, Vitreoretinal Surgery, Others); By End-Use (Hospitals, Clinics, Ambulatory Surgery Centers); By Regions; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.The different types of ophthalmic surgical instruments include microscopes, illumination devices, phacoemulsification instruments, lasers, intraocular lenses, shunts & related drainage devices, viscoelastic devices, and surgical accessories.
Operating microscopes are widely used for providing detailed imaging during surgery.The microscopes are equipped with advanced optics and illumination for high-quality imaging at lower light intensities to offer superior precision.
Market players are introducing advanced microscopes integrated with technologies such as intraocular lens positioning guidance, optical coherence tomography, and 3D display to offer enhanced services to customers.Get Sample PDF @ https://www.polarismarketresearch.com/industry-analysis/ophthalmic-surgical-instruments-market/request-for-sample Ophthalmic surgical instruments are used in hospitals, clinics, ambulatory surgery centers, and others.
The hospital segment accounted for the highest share in 2019.
Availability of advanced equipment and financial funds, and the introduction of medical schemes have increased the adoption of ophthalmic surgical instruments in hospitals.North American market dominated the global ophthalmic surgical instruments industry in 2020 and is expected to maintain its dominance over the forecast period.
