The Ophthalmic Knives Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Ophthalmic Knives Global Market Report 2024, The ophthalmic knives market size is expected to see strong growth in the next few years. It will grow to $2.75 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to expanding applications of ophthalmic knives, rising demand in emerging markets, higher incidences of age-related eye conditions driving demand, increasing government spending on healthcare, particularly in eye care, and emphasizing reducing surgical complications and improving recovery times. Major trends in the forecast period include the use of biocompatible and durable materials, the development of smaller and more precise knives, the increasing adoption of AI and robotic-assisted surgical systems, the tailoring of ophthalmic knives to meet individual patient needs and specific surgical requirements, and the development of reusable and environmentally friendly surgical instruments.
The increasing prevalence of eye-related conditions is expected to propel the growth of the ophthalmic knife market going forward. Eye-related conditions, such as cataracts, glaucoma, and diabetic retinopathy, refer to various disorders affecting the eye’s lens, optic nerve, and retina, respectively. The increase in the number of patients with eye-related conditions, such as cataracts, glaucoma, and diabetic retinopathy, is due to factors such as aging populations, lifestyle changes, environmental factors. Ophthalmic knives are used in surgical procedures to treat conditions such as cataracts, glaucoma, and diabetic retinopathy by making precise incisions and facilitating surgical interventions to improve vision and manage eye health. For instance, in January 2024, according to the Centers for Disease Control and Prevention, a US-based science and data-driven service organization that protects the public’s health, over 3.4 million Americans aged 40 years and older were blind or visually impaired, which is expected to double by 2030. Therefore, the increasing prevalence of eye-related conditions will drive the growth of the ophthalmic knife market.
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The ophthalmic knives market covered in this report is segmented –
1) By Product: Reusable Ophthalmic Knives, Single-Use Ophthalmic Knives
2) By Material: Diamond, Stainless Steel, Other Materials
3) By Design: Straight Knives, Crescent Knives, Slit Knives, Micro Vitreoretinal (MVR), Stab Knives, Other Designs
4) By Application: Glaucoma Surgery, Keratitis Surgery, Cataract Surgery, Other Applications
5) By End User: Hospitals, Ambulatory Surgery Centers (ASCs), Clinics
Major companies operating in the ophthalmic knife market are developing advanced ophthalmic knives, such as disposable phaco knives, that enhance durability and performance in surgical procedures. Disposable phaco knives are single-use tools used in cataract surgeries to make accurate cuts, promoting sterility and minimizing contamination risks. For instance, in June 2024, HumanOptics Holding AG, a Germany-based medical and surgical device manufacturing company, launched disposable surgical knives for ophthalmic procedures. These include advanced phaco knives with smart-shaped designs and other specialized blades aimed at improving surgical precision. The disposable surgical blades are made of high-quality stainless steel and have an anti-glare coating that maintains their sharpness. These knives are made from high-quality materials to ensure precision, durability, and minimal tissue trauma.
The ophthalmic knives market report table of contents includes:
1. Executive Summary
- Ophthalmic Knives Market Characteristics
- Ophthalmic Knives Market Trends And Strategies
- Ophthalmic Knives Market – Macro Economic Scenario
- Global Ophthalmic Knives Market Size and Growth
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32. Global Ophthalmic Knives Market Competitive Benchmarking
- Global Ophthalmic Knives Market Competitive Dashboard
- Key Mergers And Acquisitions In The Ophthalmic Knives Market
- Ophthalmic Knives Market Future Outlook and Potential Analysis
- Appendix
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