Global Ophthalmic Knives Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Ophthalmic Knives Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global ophthalmic knives market report has been segmented on the basis of the product type, usage, application, end user, and region.
Global Ophthalmic Knives Market: Overview
There are wide range of ophthalmic knives commercially available such as keratome slit blade, ophthalmic crescent blades, ophthalmic knives, ophthalmic surgical blades, keratome ophthalmic blades knives, and keratome slit knives. Ophthalmic knives are used in the area of surgical procedure of numerous ophthalmic diseases such as, cataract, keratosis, glaucoma, and others.
Global Ophthalmic Knives Market: Dynamics
Increasing incidences of ophthalmic diseases such as such as glaucoma, keratosis, and many other is a major factor expected to drive growth of the global ophthalmic knives market. In addition, increasing demand for minimally invasive surgeries, growing awareness about ophthalmic disorders, increasing incidences of chronic diseases such as diabetes – a major cause of blindness, increasing geriatric population suffering from refractive eye errors are some of the additional factors estimated to fuel growth of the target market over the forecast years. However, some complexity, health hazards from the use of ophthalmic knives, and low awareness regarding ophthalmology in medicine as compared to other medicines in developing countries are factors that could hamper growth of the target market to a significant extent.
Global Ophthalmic Knives Market: Segment Analysis
Among the product type segment, straight knives segment is estimated to dominate the global ophthalmic knives and is projected to register highest revenue share over the forecast years. This is owing to its sharpness and advantages such as lightweight as well as easy handling during surgical procedure. Among the usage type, disposable knives segment is projected to register significant market share, owing to increasing usage of single-use disposable ophthalmic knives by healthcare professionals and ophthalmologists globally. Among the application, age-related macular degeneration segment is projected to register fastest growth rate, owing to increasing number of elderly population. Among the end user, hospital segment is projected to register highest revenue.
Global Ophthalmic Knives Market: Trends
Increasing focus on mergers and acquisitions by prominent players in order to add innovative products to an existing product portfolio, with a view to expand offerings, strengthen market presence, and drive revenues. The aforementioned are some of the current trends witnessed in the target market.
For instance, In May 2019, Surgical Specialties Corporation, which is a US-based company launched new business division – Caliber Ophthalmic – that focuses on enhancing its product offering for ophthalmic surgical procedures.
In September 2018, a US-based Innovia Medical Inc. medical equipment company acquired Eagle Laboratories, Inc. This acquisition was made to focus on expanding geographical presence.
Global Ophthalmic Knives Market: Regional Analysis
The market in North America is expected to dominate the global ophthalmic knives market. This is primarily attributed to, rising healthcare expenditure, launching technologically advanced ophthalmic knives, the introduction of favorable reimbursement policies in countries in the region. The market in Asia Pacific is expected to fastest-growing ophthalmic owing to the rapidly growing healthcare sector and higher awareness among patients regarding glaucoma in the region.
Segmentation by Product Type:
- Crescent Knives
- Straight Knives
- Stab Knives
- Slit Knives
- MVR Knives
Segmentation by Usage:
Segmentation by Application:
- Age-related Macular Degeneration (AMD)
Segmentation by End User:
- Specialized Clinics
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Bausch Health Companies Inc.
- Diamatrix Ltd.
- HAI Laboratories Inc.
- MANI Inc.
- Novartis AG
- Seiko Optical Products Co., Ltd.
- Topcon Corporation
- Nidek Co., Ltd.
- Alcon, Inc.
- Hoya Corporation
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