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Allied Market Research

Ophthalmic Knives Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

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Aug 2021 | 378 Views
   
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COVID-19

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An ophthalmic knives is a tool that can be used for cutting the tissues within the eye while performing ophthalmic surgery. Ophthalmic knives are develop with the help of unique alloys and are tolerant to low levels. Ophthalmic knives are intended to cut profound, fine and precise surgical footprint. There is a various types of design introducing in the ophthalmic knives market such as straight knives, crescent knives, slit knives, MVR knives, stab knives, and others. This types of designs are widely used in various ophthalmic disorders including glaucoma, cataracts and keratosis, ophthalmic knives. These cuts can be found in hospitals, clinics and ASCs. The older people is mostly affected by conditions such as dry eye, cataract, diabetic retinopathy, and macular degeneration related to age (MDA). One of the main treatments during these illnesses is corneal transplantation.

Ophthalmic-Knives

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value ($USD)

  Segments covered

  Design, Product, Material, Application End User

  Region covered

North America (U.S., Canada), Europe (U.K, France, Germany, Italy, Spain and Rest of Europe), Asia-Pacific (China, India, Japan, Thailand, South Korea and Rest of Asia-Pacific), LANTAM (Brazil, Mexico, Argentina, Colombia, and Rest of Latin America), Middle East & Africa (South Africa, Saudi Arabia and UAE)

  Companies covered

Major players analyzed include, Alcon, Inc., Hoya Corporation, Essilor, Topcon Corporation, Hai Laboratories, Inc., Bausch and Lomb Incorporated, MANI Inc., Seiko Optical Products Co., Ltd., Nidek Co., Ltd., Ziemer Group, Alltion, DGH Technology.

 

COVID-19 Scenario Analysis:

To take care of infected population the demand for medical supplies is increasing. Respiratory support devices such as atomizer, life-support machine, oxygen generator, and monitor are among the majorly used medical devices in primary clinical treatment. Moreover, COVID-19 has led to a huge surge in demand for medical supplies such as personal protective equipment including masks, gloves, and protective eyeglasses. With rise in number of COVID-19 cases worldwide, the need for medical supplies keeps on rising among, both from healthcare professionals and civil population for precautionary measures. Manufacturers of these products have a chance to capitalize this increased demand of medical supplies to ensure adequate and continuous supply of personal protective equipment in the market.

As the COVID-19 virus outbreak in December 2019, the disease has spread to almost 100 countries across the globe with the “World Health Organization” announcing it a public health emergency. The global impacts of the COVID-19 pandemic are already starting to be felt, and will significantly affect the ophthalmic knives market in 2020. COVID-19 can affect the global economy in three main ways by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets.

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis:

Globally, Asia-Pacific hold the largest market share and dominate overall ophthalmic knives market. This attributed to the factors such as increasing geriatric population, rising demand for ophthalmic knives in healthcare, increasing investment in healthcare, and presence of favourable reimbursement policies. However, North America considered as a second largest market contributor due to presence of major market players, and increasing geriatric population. 

According to “WHO” around 23 million individuals are blindness due to the cataract across the globe. Also reported that 285 million individuals globally suffered from visual impairment, 246 million of whom were low vision workers. Cataract is the most common cause of eye disorder. 

The factor such as rising application of disposable ophthalmic knives in minimally invasive surgeries for the treatment of diseases such as glaucoma and cataract, increasing geriatric population, rising incidence of eye associated disorders,  increasing adoption of disposable knives over reusable knives, introduction of advanced knives, etc., majorly drive the growth of ophthalmic knives market the major opportunities available for ophthalmic knives market including introducing disposable knives over reusable knives and reducing the high cost of ophthalmic knives and treatment. However, the factor that restrain the growth of the ophthalmic knives market such as high cost of ophthalmic knives, the low volumes of high value on the market resistance to a large scale economy, and the low focus on ophthalmology, in medicine, as compared to others.

New Product launch to flourish the market:

Major Key market manufacturer have been focusing on increasing research and development activities and producing new product solution for specific applications as there are varying demands based on the utilization. Leading market players have determined how improved accuracy can be influential in many applications. 

In 2018, “Alcon, Inc.”, has launched “A-OK® Stainless Steel” and “AUS 8A is a high carbon”. Both of this is a low chromium stainless steel that has proven, over time, to be a very good compromise between toughness, strength, edge holding and resistance to corrosion.

In 2019, “Topcon Corporation” has launched “ImageNet project” is a large visual database designed for use in visual object recognition software research. More than 14 million images have been hand-annotated by the project to indicate what objects are pictured and in at least one million of the images, bounding boxes are also provided.

In 2019, “BD BeaverTM” has launched EdgeAheadTM Slit Knives. This knives have a sharp tip and straight shoulders are designed to create or enlarge initial incision for insertion of phacoemulsification tips. Matte finish reduces glare from microscope light, made from flat stock.

Key segments covered:

Segments

Sub-segments

  Design

  • Straight Knives
  • Crescent Knives
  • Slit Knives
  • MVR Knives
  • Stab Knives
  • Others

  Product

  • Reusable
  • Single-use

  Material

  • Diamond
  • Metal
  • Others

  Application

  • Glaucoma Surgery
  • Keratitis Surgery
  • Cataract Surgery
  • Others

  End User

  • Hospitals
  • Ambulatory Surgery Centres
  • Clinics

 

Key benefits of the report:

  • This study presents the analytical depiction of the global ophthalmic knives market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global ophthalmic knives market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global ophthalmic knives market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global ophthalmic knives market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the Ophthalmic Knives Market research report:

  • Who are the leading market players active in ophthalmic knives market?
  • What are the current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that will help in taking further strategic steps?
 
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