Ophthalmic Knives Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI3737
Ophthalmic knives Market size is expected to grow significantly from 2019 to 2025.
Ophthalmic knives market will grow significantly over the forthcoming years. The growth is mainly attributable to rising incidence of ophthalmic diseases including keratosis, cataracts among others. According to World Health Organization published data in October 2018, around 1.3 billion individuals worldwide live with some type of vison impairment and the major cause for vision impairment is uncorrected refractive errors as well as cataracts. Also, majority of individuals with vision impairment are above the age of 50 years. Such huge patient pool of vision impairment is anticipated to boost ophthalmic knives industry growth.
Growing awareness regarding ophthalmic disorders coupled with various technological advances in the field of ophthalmology are factors that will upsurge ophthalmic knives revenue size during the forecast timeline. Moreover, several healthcare professionals are engaged in increasing awareness amongst consumers. Additionally, investments in awareness programs is expected to further drive business growth. However, high cost of blades may hamper ophthalmic knives business growth.
Crescent knives segment accounted for substantial revenue share in 2018 and is expected to grow with a robust CAGR over the analysis period. The growth is primarily attributable to various advantages associated with crescent knives such as sharp edges that help in smooth tunnel incision, and well rounded tip.
Reusable segment is anticipated to witness considerable growth during the forecast timeline owing to increasing preference for reusable knives among ophthalmic surgeons. The factors such as efficacy, durability, and sharpness increase the preference of reusable knives, thereby, propels segmental growth.
Diamond segment will grow significantly over the coming years due to benefits provided by diamond blade type such as diamond knives can be used for repetitive surgeries and it can handle inflexibilities of routine sterilization. Additionally, these are sharpest blade accessible to ophthalmic surgeons, and it also provides cost advantage as compared to disposable knives that encourages customer preference, thus, drives segmental growth.
Asia Pacific ophthalmic knives industry is projected to grow substantially during the forecast timeline. The growth is attributed to factors such as increasing incidence of ophthalmic diseases coupled with improving healthcare infrastructure. Moreover, industry players focusing on emerging economies to increase their market share in the region should further boost regional growth.
Some of the major business players operating in ophthalmic knives market includes Eagle Labs, Mani, McKesson Medical-Surgical, Novartis (Alcon), Optitech Eyecare, Pfm medical, Sidapharm, Surgical Specialties, and Surgi Edge. Prominent industry players adopt several strategies to expand their existing product portfolio, or to expand their business divisions in order to gain more market share and sustain the competition in the industry. Companies also focus on strategic initiatives such as partnerships, merger, and acquisition collaboration. For instance, in May 2019, Surgical Specialties Corporation launched Caliber Ophthalmics new business division.
Ophthalmic Knives Market By Product Type, 2014-2025 (USD Million)
- Crescent Knives
- Stab Knives
- Slit Knives
- MVR Knives
Ophthalmic Knives Market By Usage, 2014-2025 (USD Million)
Ophthalmic Knives Market By Blade Type, 2014-2025 (USD Million)
- Stainless Steel
Ophthalmic Knives Market By Application, 2014-2025 (USD Million)
- Endothelial Keratoplasty
Ophthalmic Knives Market By End-use, 2014-2025 (USD Million)
- Specialized Clinics
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
- Eagle Labs
- Mani, Inc.
- McKesson Medical-Surgical Inc.
- Novartis (Alcon)
- Optitech Eyecare
- Pfm medical ag
- Shah Eye Care Pvt. Ltd.
- Surgi Edge
- Surgical Specialties Corporation
- Unique Technologies inc.
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