Ophthalmic Handheld Surgical Instruments Market 2024-2033: Technological Advancements, Competitive Landscape and Strategies

The ophthalmic handheld surgical instruments global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Ophthalmic Handheld Surgical Instruments Market, 2024report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size – 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 increased prevalence of ophthalmic diseases, advancements in surgical techniques, rise in demand for minimally invasive procedures, growing geriatric population, 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%.  The growth in the forecast period can be attributed to advancements in microsurgical techniques, rising demand for minimally invasive procedures, increasing prevalence of eye disorders, expanding geriatric population, growing healthcare infrastructure in emerging economies, and heightened focus on precision and efficiency in surgical interventions. Major trends in the forecast period include advanced microsurgical tools, expanding applications in minimally invasive procedures, a growing preference for disposable instruments, increased adoption of robotic-assisted surgery, a shift towards customizable instrument sets, rising investments in surgeon training and education programs, and the emergence of telemedicine solutions.

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Scope Of Ophthalmic Handheld Surgical Instruments Market

The Business Research Company’s reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Ophthalmic Handheld Surgical Instruments Market Overview

Market Drivers –The rising prevalence of chronic eye disorders is expected to propel the growth of the ophthalmic handheld surgical instruments market going forward. Chronic eye disorders refer to long-term or persistent conditions affecting the eyes or visual system that typically require ongoing management and treatment. The prevalence of chronic eye disorders is due to the aging population, rising diabetes rates, lifestyle changes, genetic predisposition, and improved awareness and screening programs. The ophthalmic handheld surgical instruments are indispensable in the diagnosis and treatment of a wide range of corneal disorders, enabling ophthalmic surgeons to perform precise, targeted interventions that preserve vision and improve patients’ quality of life.  For instance, in January 2024, according to the Centers for Disease Control and Prevention, a US-based vital public health agency, over 3.4 million Americans aged 40 years and older were blind or visually impaired, which is expected to double by 2030. Therefore, the increase in chronic eye disorders is expected to propel the growth of the ophthalmic handheld surgical instruments market.

Market Trends – Major companies operating in the ophthalmic handheld surgical instruments market are developing technologically advanced products, such as handheld corneal esthesiometers incorporating several cutting-edge features to measure corneal sensitivity accurately. The handheld corneal esthesiometer is a tool in ophthalmology and neurology for assessing corneal nerve function and diagnosing conditions that affect corneal sensitivity. For instance, in July 2023, Brill Engines, a Spain-based medical equipment manufacturing company, launched the corneal esthesiometer brill (CEB), the world’s first and only handheld corneal esthesiometer. It measures the cornea’s sensitivity, the eye’s transparent front part. It is designed for user-friendliness and typically requires minimal training to operate effectively. Handheld corneal esthesiometers provide reliable, accurate, and efficient assessments of corneal sensitivity, aiding in diagnosing and managing various ocular and neurological conditions.

The ophthalmic handheld surgical instruments market covered in this report is segmented –

1) By Product: Ophthalmic Knives, Forceps, Scissor, Chopper, Rapid Immunotherapies, Other Products
2) By Application: Cataract, Refractive, Glaucoma, Vitreoretinal, Diabetic Retinopathy, Other Applications
3) By End-User: Hospital, Ophthalmic Clinic, Other End Users

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Regional Insights – 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.

Key Companies – 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.

Table of Contents

1. Executive Summary
2. Ophthalmic Handheld Surgical Instruments Market Characteristics
3. Ophthalmic Handheld Surgical Instruments Market Trends And Strategies
4. Ophthalmic Handheld Surgical Instruments Market – Macro Economic Scenario
5. Global Ophthalmic Handheld Surgical Instruments Market Size and Growth

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32. Global Ophthalmic Handheld Surgical Instruments Market Competitive Benchmarking
33. Global Ophthalmic Handheld Surgical Instruments Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Ophthalmic Handheld Surgical Instruments Market
35. Ophthalmic Handheld Surgical Instruments Market Future Outlook and Potential Analysis
36. Appendix

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