Acumen Research and Consulting, a global provider of market research studies, in a recently published report titled “Ophthalmic Knives Market Size 2019-2026”.
LOS ANGELES, June 21, 2019 (GLOBE NEWSWIRE) -- The global ophthalmic knives market is estimated to grow at CAGR above 5.8 % over the forecast time frame 2019 to 2026.
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In the coming years ophthalmic knives will develop in the industry by increasing their product portfolio with the launch of single-use ophthalmic knives. With increasing frequency of ophthalmic illnesses like keratosis, glaucoma and other ophthalmic surgeries, the need for ophthalmic cords is increasing. Therefore, several businesses focus on the launch of ophthalmic single-use cloths that vary in sharpness and material on the basis of the operating requirements. This will assist end users such as hospitals, clinics and ASCs choose the goods that will drive demand and increase market development depending on the ophthalmic surgery procedure.
The main driver of the worldwide ophthalmic knives industry is increasing incidence of ophthalmic illnesses, such as cataracts, keratosis etc., together with increased surgical acceptance. Cataracts are thought to be the most prevalent eye condition by the world health organisation, which causes blindness in 23 million individuals or 51% of blindness worldwide. In addition, an estimated globally visually impaired 285 million individuals, 246 million of which have little sight, are reported by the World Health Organization. Thus, due to an rise in the amount of medicines for cataract and domestic blindness prevention plans, there is a big market for ophthalmic knives.
In addition to the development, medical devices and complementary diagnostics devices like Magnétal Resonance Imaging (MRI), Compotable Tomography (CT) and others, among the variables boosting the operation segment, are among the technological drivers on the ophthalmic knives market. Advanced diamond tip ophthalmic knives are also being promoted through the introduction of minimally invasive surgical procedures, such as ultramicrotomy and SICS.
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However, some of the variables impeding the development of the market in ophthalmic knives include the elevated costs of the ophthalmic knives and the low-volume high-value nature of the market that resist the economy of scale and the low priority on eye care in medicine over other specialties.
By region, the worldwide market for ophthalmic knives should dominate North America with increasing expenses in healthcare. North America, with growing expenditure on health care, is anticipated to dominate the worldwide ophthalmitic knives market. In this context, several reimbursement possibilities also fuel development in the ophthalmic knives industry in nations like Canada and the USA and a growing amount of ASCs.
Some factors are anticipated to boost the marker development by technological progress in the manufacturing processes and the implementation of innovative designs for the eyewear. The last decade has seen significant improvement in ophthalmic operations in the developments of surgical instruments and in modernization of the surgical methods. The introduction of specialized knives is expected to boost the amount of ophthalmic surgeries in pediatric patients.
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Key Players & Strategies
The main players in the worldwide market for ophthalmic knives are Surgistar, Optiedge, Sidapharm, Diamatrix Ltd, Bausch & Lomb Incorporated, Ophtechnics unlimited, and Unique Technologies Inc. The study provides an overview of the industry and includes detailed perspectives, facts as well as historical information, statistically endorsed and validated by the industry. It also includes predictions based on a number of appropriate assumptions and methods. The study study analyzes and offers data by sections of the market, such as geography, implementation and business.
With the presence of several market players, the market seems to be mildly fragmented. Sellers focus on obtaining specific products or businesses in sophisticated ophthalmology to improve the acceptance of their current businesses or products. This market research study helps customers identify fresh growth possibilities and develop distinctive growth policies by providing a thorough assessment and data on the competitive landscape of the market.
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