0
2022
Ophthalmic Knives Market

Ophthalmic Knives Market

By Design (Straight Knives, Crescent Knives, Slit Knives, MVR Knives, Others), By Product (Reusable Ophthalmic Knives, Disposable Ophthalmic Knives), By Application (Glaucoma Surgery, Cataract Surgery, Others), By End User (Hospitals, Eye Clinics, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031

Report Code: A10464
Pages: 256
Jul 2022 | 2376 Views
Author(s) : Monika D , Onkar S
Tables: 187
Charts: 40
  • Formats*:

  • pdf

    Single User License, Five User
    License & Enterprise User License

  • xls

    Data Pack Excel License

  • ppt

    It comes with the additional cost
    of $2500.00 contact sales.

 

Ophthalmic Knives Market Research, 2031

The global ophthalmic knives market was valued at $302.2 million in 2021, and is projected to reach $461.3 million by 2031, growing at a CAGR of 4.3% from 2022 to 2031. Ophthalmic knives are fine blades designed for accomplishing deep, fine, and precision cuts during ophthalmic surgeries that help to reduce the surgical footprint. The ophthalmic knives are produced with special alloys and have a low tolerance. There are various types of designs introduced in the ophthalmic knives market, such as straight knives, crescent knives, slit knives, MVR knives, stab knives, and others. These types of designs are widely used in various ophthalmic surgeries, including glaucoma surgeries, cataracts surgeries keratosis surgeries, and others.

COVID-19 is a large family of viruses that causes illness ranging from common cold to more severe respiratory diseases. The COVID-19 pandemic has negatively impacted the ophthalmic knives industry, as the demand for ophthalmic knives decline due to decline in the number of elective eye surgeries being conducted per week in hospitals and clinics.

Ophthalmic Knives Market, Ophthalmic Knives Market size, Ophthalmic Knives Market share, Ophthalmic Knives Market trends, Ophthalmic Knives Market growth, Ophthalmic Knives Market analysis, Ophthalmic Knives Market forecast, Ophthalmic Knives Market opportunity

Growth in incidences of ophthalmic diseases, such as cataracts, keratosis, and others, coupled with the growing adoption of surgery to treat these types of ophthalmic disease, are some factors that drive the ophthalmic knives market size. In addition, rise in geriatric population globally and surge in government initiatives to control visual impairment, further boost the ophthalmic knives market growth. However, low awareness regarding eye-related diseases, lack of skilled professionals in low income countries, and high cost of reusable ophthalmic knives products, such as diamond knives are some factors that may hamper the growth of the market during ophthalmic knives market forecast. On the contrary, advancement in ophthalmic knives columns for petrochemical applications create an opportunity for the manufacturers to tap and capitalize on the market. On the contrary, emerging countries, such as China, India, and other Asia-Pacific countries possess high growth potential, owing to the improving healthcare infrastructures in these countries, which creates an ophthalmic knives market opportunity for the manufacturers to tap and capitalize on the market.
The outbreak of COVID-19 has disrupted workflows in the healthcare sector globally. The disease has forced a number of industries to shut their doors temporarily, including several sub-domains of healthcare. Moreover, there has also been a negative effect of COVID-19 on various industries, including ophthalmic industry. Due to the COVID-19 outbreak, there has been a significant drop in patient visits to clinics due to lockdowns and constraints implemented to prevent spread of the disease. This has led to a decline in the number of elective eye surgeries being conducted per week in hospitals and clinics. Moreover, the COVID-19 pandemic affected the global economy and showed a huge impact on functioning of general hospital care for non-COVID-19 patients in hospitals across the globe. 
As many hospitals and clinics remain closed, owing to lockdowns, demand for glaucoma surgery devices is including ophthalmic knives expected to be subdued in the short term. For instance, according to a study published in the British Journal of Surgery, in May 2020, based on 12 weeks of peak disruption to hospital services due to COVID-19, around 28.4 million elective surgeries globally will be canceled or postponed in 2020. In addition, according to a study conducted by an international consortium in May 2020, more than 580,000 planned surgeries in India were canceled or delayed, owing to the COVID-19 pandemic. Thus, with delay of these non-emergent services, demand for ophthalmic knives decrease.
In addition, according to the Ophthalmology Times article, in 2020, the number of elective surgeries has reduced from 200 surgeries to only ten surgeries a week. In addition, countries, such as Boston has witnessed 15% cancellations in patient visits to examination centers. Moreover, according to an article published in the British Journal of Ophthalmology 2021, in UK, many glaucoma surgical procedures have been suspended in cases where there is no urgent threat of vision loss. Furthermore, governments have also issued limitations and bans on medical procedures and elective surgeries. These restrictions have hampered the demand for ophthalmic equipment. Due to these restrictions, ophthalmic equipment manufacturing companies are facing problems in conducting in-person product demonstrations, operating their facilities at full capacity, and attending or organizing conferences. Lockdowns in Asia-Pacific countries, such as China and India have delayed production and shipment of ophthalmic devices. All these factors act as a challenge for the growth of the ophthalmic knives market during the COVID-19 pandemic.

OPHTHALMIC KNIVES MARKET SEGMENTATION  

The ophthalmic knives market is segmented into design, product type, application, end user, and region. According to design, the market is categorized into straight knives, crescent knives, slit knives, MVR knives, and others. By product, it is segregated into reusable ophthalmic knives and disposable ophthalmic knives. According to application, the market is segmented into glaucoma surgery, cataract surgery, and others. On the basis of end user, it is segmented into hospitals, eye clinics, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. 

Segment Review

On the basis of design, the market is categorized into straight knives, crescent knives, slit knives, MVR knives, and others. The slit knives segment dominated the ophthalmic knives market size in 2021 and is expected to remain dominant during the forecast period, owing to the fact that, slit ophthalmic knives are light in weight, easy to handle fur physicians, and have blunt tips that offer seamless finishing. However, straight knives is expected to register highest CAGR during the forecast period owing to, its benefit of single-handed blade retraction. These possess superior sharpness and are also available in double bevel type. The metal blades in straight knives are disposable, which is driving their popularity over reusable blades owing to advantages, such as minimal cross-infection risks and affordability. 

Ophthalmic Knives Market
By Design

Your browser does not support the canvas element.

The slit knives segment dominated the market in 2021, and is expected to continue this trend during the forecast period.

Get more information on this report : Request Sample Pages

By product, it is segregated into reusable ophthalmic knives and disposable ophthalmic knives. The reusable ophthalmic knives garnered largest revenue to the market in 2021, owing to great durability as they are manufactured with precision-engineered materials, which makes them reusable by physicians several times. However, disposable ophthalmic knives is expected to registered highest CAGR of 4.8% during the forecast period owing to its affordability, reduces the risk of cross-infection, and no risk of the knife becoming worn or damaged and this eliminates repair costs along with the risk of accidents or broken implements during surgery.

Ophthalmic Knives Market
By Product

Your browser does not support the canvas element.

The reusable ophthalmic segment dominated the market in 2021, and is expected to continue this trend during the forecast period.

Get more information on this report : Request Sample Pages

According to application, the market is segmented into glaucoma surgery, cataract surgery, and others. The cataract surgery segment dominated the market in 2021 and is expected to remain dominant during the forecast period owing to increase in prevalence of cataract.

Ophthalmic Knives Market
By Application

Your browser does not support the canvas element.

The cataract surgery segment dominated the market in 2021, and is expected to continue this trend during the forecast period.

Get more information on this report : Request Sample Pages

On the basis of end user, it is segmented into hospitals, eye clinics, and others. The hospitals segment garnered largest revenue in 2021. This is attributed to the increasing number of ophthalmic surgeries, improving healthcare facilities, favorable reimbursement policies. However, others segment (research institutes, ambulatory surgery centers) registered highest CAGR during the forecast period, owing to factors such as increase in preference of patients toward ambulatory surgical centers for performing glaucoma surgery, owing to reduced medical cost, easy access for patient, increased physician accessibility, and easy scheduling.

Ophthalmic Knives Market
By End User

Your browser does not support the canvas element.

Hospitals segment is projected to grow at a CAGR of 3.7% during the forecast period.

Get more information on this report : Request Sample Pages

Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The North America market has largest ophthalmic knives market share, among other regions in 2021, owing to well-established healthcare system, increase in number of geriatric patients, and supportive reimbursement policies in healthcare system.
On the other hand, Asia-Pacific is expected to register fastest CAGR of 5.6% during the forecast period, owing to improving healthcare infrastructure in the region and large patient populations for target diseases. In addition, expanding presence of key market players in the region propels the market growth.

Ophthalmic Knives Market
By Region

2031
North America 
Europe
Asia-Pacific
LAMEA

North America garnered the largest revenue share in 2021. However, Asia-pacific is anticipated to grow at the highest CAGR 5.6% during the forecast period.

Get more information on this report : Request Sample Pages

Snapshot of Asia-Pacific Ophthalmic Knives Market  

Asia-Pacific offers lucrative opportunities for players that operate in the ophthalmic devices market, due to presence of high population base, surge in disposable income, and improvement in patient awareness about advanced ophthalmic knives. The region has emerged as an epicenter of ophthalmic diseases, such as cataract glaucoma, AMD, and refractive errors. Ophthalmic diseases are highly prevalent in Japan, India, and China. Japan accounts for the highest cases of glaucoma, followed by diabetic retinopathy. High prevalence of eye-related diseases in Japan makes it a lucrative market for ophthalmic knives manufacturers.

The key market players profiled in the report include Amar Instruments, Bausch Health Companies Inc., Beijing Bohaikangyuan Medical Devices Co., Ltd., Core Surgical Ltd., Diamatrix Ltd., HAI Laboratories, Inc., Kanchan Eye Instruments, Mani, Inc., Micromed International Pvt. Ltd., Omni Lens Pvt. Ltd., Ophtechnics Unlimited, Inc., Ophthalmic Solution, Inc., Paramount Surgical Ltd., SafeOps Surgical Care Ltd., Sidapharm, Inc., Surgi Edge, Inc., and Surgistar, Inc.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the ophthalmic knives market analysis from 2021 to 2031 to identify the prevailing ophthalmic knives market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the ophthalmic knives market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global ophthalmic knives market trends, key players, market segments, application areas, and market growth strategies.

Ophthalmic Knives Market Report Highlights

Aspects Details
By Design
  • Straight Knives
  • Crescent Knives
  • Slit Knives
  • MVR Knives
  • Others
By Product
  • Reusable Ophthalmic Knives
  • Disposable Ophthalmic Knives
By Application
  • Glaucoma Surgery
  • Cataract Surgery
  • Others
By End User
  • Hospitals
  • Eye Clinics
  • Others
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific  (Japan, China, India, Australia, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
Key Market Players Sidapharm, Micromed International, Surgi Edge, Kanchan Eye Instruments, HAI Labs, Inc., Ophthalmic Solution, BHKY, SafeOps, Bausch Health (Storz Opthalmic Instrument), Ophtechnics Unlimited, Core Surgical, Mani, Inc., Omnilens, Diamatrix Ltd, Surgi Star, Paramount Surgimed Ltd., Amar Instruments
 

Loading Table Of Content...


 
 

Large number of research projects are undertaken to prove the surgical potential of ophthalmic knives, which in turn is expected to stimulate the demand for ophthalmic knives.
The utilization of ophthalmic knives for eye-related surgeries is expected to witness significant growth, owing to increase in prevalence of eye-related diseases. It is largely utilized across various eye-related surgeries including cataract, glaucoma, vitreoretinal surgery, and corneal transplant. Cataract is highly prevalent and if diagnosed earlier can be treated through surgeries. This propels the utilization of different ophthalmic knives depending upon the requirement, such as reusable ophthalmic knives or disposable ophthalmic knives. In addition, a significant increase in the geriatric population, increased disposable income, skilled ophthalmologists, and their preference toward the use of ophthalmic knives for performing surgeries are set to propel the market growth in near future.
Moreover, rise in government initiatives to control visual impairment is anticipated to increase awareness regarding available latest eye testing technologies among patients suffering from eye-associated disorders. Conversely, less accessibility to eye care in low-income countries poses as a restraint to the market. Furthermore, growing global geriatric population that is most prone to various vision loss or other eye-related injuries and problems is also expected to motivate the growth in the global ophthalmic knives market over the next few years.
 

PURCHASE OPTIONS

Call or Email us

U.S.-Canada Toll-free: +1-800-792-5285
Int'l : +1-503-894-6022
Europe : +44-845-528-1300
Email : help@alliedmarketresearch.com
 
FREQUENTLY ASKED QUESTIONS?

A. Top companies such as Amar Instruments, Bausch Health Companies Inc., Beijing Bohaikangyuan Medical Devices Co., Ltd, Core Surgical Ltd, Diamatrix Ltd, HAI Laboratories, Inc., Kanchan Eye Instruments, Mani, Inc held a high market position in 2021.

A. Slit knives segment is the most influencing segment owing to the fact that, slit ophthalmic knives are light in weight, easy to handle fur physicians, and have blunt tips that offer seamless finishing.

A. Increase in prevalence of ophthalmic diseases, such as cataracts, keratosis and others, coupled with the growing adoption of surgery are some factors expected to boost the market growth during the forecast period.

A. The total market value of ophthalmic knives market is $302.15 million in 2021.

A. The forcast period for ophthalmic knives market is 2022 to 2031

A. The market value of ophthalmic knives market in 2031 is $461.25 million.

A. The base year is 2021 in ophthalmic knives market

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
RELATED TAGS

Purchase Full Report of
Ophthalmic Knives Market

Start reading instantly.
This Report and over 53,854+ more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,570
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  • Free industry update
    (Within 180 days)
  • Free report update in next update cycle
    (Jul 2023 - Jul 2024)
  • Data Pack
  • $3,840
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Jul 2023 - Jul 2024)
  • Single User
  • $5,820
  • Restricted to one authorized user
  • One print only
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Jul 2023 - Jul 2024)
  • Five Users
  • $6,450
  • Limited to five authorized users
  • Print upto five copies
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Jul 2023 - Jul 2024)
  • Enterprise
    License/PDF

  • $9,600
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Jul 2023 - Jul 2024)
  • Library
    Membership

  • $999 $ 1,175
    Per User/ Per month/ Billed annually
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

RELATED REPORTS
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers