Newark, New Castle, USA, June 23, 2023 (GLOBE NEWSWIRE) -- The market analysis of the global ophthalmic knives market was conducted by Growth Plus Reports in 2022 and was valued at US$ 2.10 billion. The market is expected to hit a revenue CAGR of 4.7% to reach US$ 3.17 billion by 2031.
Analysis of the global market for ophthalmic knives indicates that during the forecast period, revenue share is likely to increase significantly. Ophthalmic knives are surgical tools used in ophthalmology, a medical specialty that focuses on identifying and treating conditions affecting the eyes.
Key Takeaways:
- The increasing number of patients with eye disorders is driving the market revenue share.
- The demand for advanced technology that is easy to use is increasing the market revenue growth rapidly.
- The CDC estimates that 20.5 million (17.2%) Americans older than 40 have cataracts in one or both eyes and that 6.1 million (5.1%) of those persons have removed their lenses surgically.
Ophthalmic Knives Market Scope
| Report Attribute | Details |
| Market Size Value in 2022 | US$ 2.10 billion |
| Revenue Forecast in 2031 | US$ 3.17 billion |
| CAGR | 4.7% |
| Base Year for Estimation | 2022 |
| Forecast Period | 2023 to 2031 |
| Historical Year | 2021 |
| Segments Covered | Design, Product, and Application and Region |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Request a Free Sample PDF: https://www.growthplusreports.com/inquiry/request-sample/ophthalmic-knives-market/8917
Recent Development in the Ophthalmic Knives Market:
- In February 2021, Surgical Specialties Corporation (Surgical Specialties) and the TachoSil Fibrin Sealant Patch (TachoSil) were bought and combined concurrently by GTCR's management partnership with Corza Health to form a new business, Corza Medical.
Competitive Landscape
A list of the companies operating in the global market for ophthalmic knives includes:
- Bausch & Lomb Incorporated
- BVI
- Diamatrix Ltd.
- Paramount Surgimed Ltd
- Ophtechnics Unlimited
- HAI Laboratories, Inc.
Market Drivers and Restraints:
The global ophthalmic knife market revenue is driven by the rising prevalence of eye disorders, such as cataracts, glaucoma, and diabetic retinopathy. Furthermore, the rising advancements in surgical techniques are raising patients' demand for a more successful technique of ophthalmic surgery. This results in the overall market revenue growth of ophthalmic knives.
However, due to the accessibility of complementary therapies like medicine or laser therapy, the ophthalmic knife market revenue growth is likely to be restrained.
Market Segmentation:
- Based on the design, the global ophthalmic knives market is segmented into straight knives, crescent knives, slit knives, MVR knives, and others.
- Based on product, the global ophthalmic knives market is segmented into reusable ophthalmic knives and single-use ophthalmic knives.
- Based on application, the global ophthalmic knife market is segmented into cataract surgery, keratitis surgery, glaucoma surgery, and others.
Request for Customization – https://www.growthplusreports.com/inquiry/customization/ophthalmic-knives-market/8917
Segmentation By Application
Based on the application, the cataract surgery segment dominates the global ophthalmic knife market with the largest revenue share. This significant share of revenue is attributed to it being the most common eye surgery globally. Furthermore, technological advancements such as micro-incisional techniques and the use of intraocular lenses are driving market revenue growth further.
Regional Growth Dynamics
Based on the region, North America, with the largest revenue share, dominates the global ophthalmic knife market. This large share of share is attributed to the rising prevalence of eye disorders, the adoption of advanced technologies, well-established healthcare infrastructure, and high disposable income.
Report Coverage
Growth Plus Reports carried out extensive market research on the ophthalmic knives market globally. We examined the fundamental market characteristics, significant investment opportunities, regional growth patterns, ten-year revenue estimates, competing market players, and mergers and acquisitions.
Table of Content
- INTRODUCTION
- Market Ecosystem
- Timeline Under Consideration
- Historical Years – 2021
- Base Year – 2022
- Forecast Years – 2023 to 2031
- Currency Used in the Report
- RESEARCH METHODOLOGY
- Research Approach
- Data Collection Methodology
- Data Sources
- Secondary Sources
- Primary Sources
- Market Estimation Approach
- Bottom Up
- Top Down
- Market Forecasting Model
- Limitations and Assumptions
- PREMIUM INSIGHTS
- Current Market Trends (COVID-19 Perspective)
- Key Players & Competitive Positioning (2022)
- MARKET DYNAMICS
- Drivers
- Restraints/Challenges
- Opportunities
- GLOBAL OPHTHALMIC KNIVES MARKET - ANALYSIS & FORECAST, BY DESIGN
- Straight Knives
- Crescent Knives
- Slit Knives
- MVR Knives
- Others
- GLOBAL OPHTHALMIC KNIVES MARKET - ANALYSIS & FORECAST, BY PRODUCT
- Reusable Ophthalmic Knives
- Single-use Ophthalmic Knives
- GLOBAL OPHTHALMIC KNIVES MARKET - ANALYSIS & FORECAST, BY APPLICATION
- Cataract Surgery
- Keratitis Surgery
- Glaucoma Surgery
- Others
Buy this Premium Research Report: https://www.growthplusreports.com/checkout-8917
VALUE PROPOSITIONS RELATED TO THE REPORT:
- Powered with Complimentary Analyst Hours and Expert Interviews with Each Report
- Comprehensive quantitative and qualitative insights at segment and sub-segment level
- Covid 19 impact trends and perspective
- Granular insights at global/regional/country level
- Deep-rooted insights on market dynamics (drivers, restraints, opportunities) and business environment
- Blanket coverage on competitive landscape
- Winning imperatives
- Exhaustive coverage on 'Strategic Developments' registered by leading players of the market.
CUSTOMIZATION OPTIONS:
- Distributor Landscape Assessment
- Pricing Intelligence
- Customer Base Assessment
- Investment & Initiatives Analysis
- 'Business Profile' of Key Players
Schedule a call with our analyst: https://appoint.ly/s/salesZ3Jvd3RocGx1c3JlcG9ydHMuY29t/introduction
Visit our report store at - https://www.growthplusreports.com/report-store
Browse more latest healthcare reports:
Orthopedic Biomaterials Market by Material Type (Polymers, Ceramics & Bioactive Glasses, Calcium Phosphate Cement), Application (Joint Replacement/Reconstruction, Orthobiologics, Viscosupplementation)-Global Outlook & Forecast 2023-2031
Specialty Generics Market by Route of Administration (Injectables, Oral drugs, Others), Indication (Oncology, Inflammatory Conditions, Multiple Sclerosis) End-Use: Specialty Pharmacy, Retail Pharmacy, Hospital Pharmacy) – Global Outlook & Forecast 2023-2031
Gastric Motility Disorder Drugs Market by Drug Class (Cholinergic Agonists, Prokinetic Agents), Route of Administration (Oral, Subcutaneous, Intramuscular), Distribution Channel (Hospital Pharmacies, Retail Pharmacies) – Global Outlook & Forecast 2023-2031
Nephrology Drugs Market by Drug Class (ACE Inhibitors, Beta Blockers), Route of Administration (Oral, Parenteral), Distribution Channel (Hospital Pharmacies, Retail Pharmacies)– Global Outlook & Forecast 2023-2031
Diabetes Drugs Market by Drugs (Oral Anti-Diabetic Drugs, Insulin), Type (Type 1, Type 2), Distribution Channel (Hospital Pharmacies, Retail Pharmacies)– Global Outlook & Forecast 2023-2031
About Us:
Growth Plus Reports is part of GRG Health, a global healthcare knowledge service company. We are proud members of EPhMRA (European Pharmaceutical Marketing Research Association).
Growth Plus portfolio of services draws on our core capabilities of secondary & primary research, market modelling & forecasting, benchmarking, analysis and strategy formulation to help clients create scalable, ground-breaking solutions that prepare them for future growth and success.
We were awarded by the prestigious CEO Magazine as "Most Innovative Healthcare Market Research Company in 2020".
