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Ophthalmic Sutures Market Size

  • Report ID: GMI3358
  • Published Date: Jan 2023
  • Report Format: PDF

Ophthalmic Sutures Market Size

Ophthalmic Sutures Market size was valued at over USD 791 million in 2022. Driven by the surging incidence of diabetes leading to ophthalmic disorders, the market is slated to register over 6.5% CAGR from 2023 to 2032.

 

Increasing prevalence of diabetes is further leading to more cases of ophthalmic diseases across the globe. This is further raising the case load of diabetic eye diseases, such as diabetic retinopathy and diabetic macular edema, which causes blindness or poor vision, elevating the demand for ophthalmic sutures.

 

More than 240 national diabetes associations from over 168 nations have appointed a team of professionals to effectively manage diabetic macular edema cases. Meanwhile, National Center for Biotechnology Information, estimates suggest that over 191 million are expected to suffer from diabetic retinopathy by 2030.  

 

Postoperative complications related to ophthalmic procedures may constrain industry growth

Postoperative complications associated with ophthalmic procedures may negatively impact the ophthalmic sutures market scenario. Risks related to eye-surgeries are greatly elevated due to factors such as lack of essential expertise and proper training for surgeons. The potential complications of eye surgeries include inflammation inside the eye, bleeding, retinal detachment, and infection among others. As per the American Academy of Ophthalmology, immediate eye-surgery-related complications include discomfort and swelling of the eyelid, increased intraocular pressure, and allergic reaction to the antibiotic drop among others.

Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

The market size for ophthalmic sutures registered over USD 791 million in 2022 and is poised to grow at over 6.5% CAGR from 2023 to 2032, on account of the growing prevalence of diabetes related ophthalmic disorders.

Ambulatory surgical centers end-use segment is slated to reach around USD 425 million by 2032, fueled by shifting patient preference for minimally invasive outpatient surgeries due to their affordable nature.

Asia Pacific ophthalmic sutures market is anticipated to grow at over 9% CAGR from 2023 to 2032, owing to the increasing occurrence of eye ailments from the high diabetes-related disease load in the region.

Some key industry leaders partaking in the global ophthalmic sutures industry share include Geuder AG, Unilene, Asssut Medical, Mani, Inc., Medtronic, Alcon Inc., Teleflex Incorporated, Corzamedical, among others.

Ophthalmic Sutures Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 12
  • Tables & Figures: 423
  • Countries covered: 18
  • Pages: 210
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