Global Ophthalmic Knives Market, By Design (Straight, Crescent, Slit, MVR, Stab, Lance Tip, Corneal and Others), Usage (Reusable and Disposable), Blade (Diamond, Stainless Steel, Laser, Metal and Others), Application (Cataract, AMD, Glaucoma, Keratitis and Others), End Users (Hospitals, Specialty Clinics, ASC and Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
Data Bridge Market Research analyses that the ophthalmic knives market will exhibit a CAGR of around 4.95% for the forecast period of 2021-2028. Rising adoption of ophthalmic knives owing to the degree of accuracy offered by them, increased focus of technological advancements involved in the manufacturing of medical devices and rising expenditure on the healthcare infrastructure development are the major factors attributable to the growth of ophthalmic knives market.
Ophthalmic knives are used in the surgical procedures where there is a need for deep, fine and precision cuts. These promote quicker healing time by reducing the intensity of scars. Ophthalmic knives are effective in reducing the surgical footprint and are manufactured using special alloys. But, due to their low tolerance level, the ophthalmic knives require high maintenance and care.
Rising prevalence of surgical procedures is one of the major factors fostering the growth of ophthalmic knives market. Rising expenditure for research and development activities for product innovations, rising prevalence of road accidents and rising personal disposable income are some other indirect market growth determinants. Rising technological advancements in the healthcare sector will further generate lucrative market growth opportunities. Rising prevalence of optic disorders coupled with rising geriatric population susceptible to optical disorders is also bolstering the market growth.
However, high maintenance costs will act as a major market growth restraint. High sterilization costs will further derail the market growth rate. Unfavourable reimbursement policies especially in the developing economies will further pose challenges for the market growth.
This ophthalmic knives market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on ophthalmic knives market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Ophthalmic Knives Market Scope and Market Size
The ophthalmic knives market is segmented on the basis of design, usage, blade, application and end users. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on design, the global ophthalmic knives market has been divided into straight, crescent, slit, MVR, stab, lance tip, corneal and others.
- On the basis of usage, the ophthalmic knives market is segmented into reusable and non-reusable.
- On the basis of blade, the ophthalmic knives market is segmented into diamond, stainless steel, laser, metal and others.
- On the basis of application, the ophthalmic knives market is segmented into cataract, AMD, glaucoma, keratitis and others.
- Based on the end users, the ophthalmic knives market has been segmented as hospitals, speciality clinics, ASC and others.
Ophthalmic Knives Market Country Level Analysis
The ophthalmic knives market is analysed and market size insights and trends are provided by country, design, usage, blade, application and end users as referenced above.
The countries covered in the ophthalmic knives market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the ophthalmic knives market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is because of the prevailing sophisticated level of healthcare facilities coupled with the rising prevalence of ophthalmic diseases. Asia-Pacific on the other hand is projected to exhibit the highest growth rate during the forecast period owing to the rising number of road accidents, rising geriatric population and increased expenditure on healthcare infrastructure.
The country section of the ophthalmic knives market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
Ophthalmic knives market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for digital health technologies market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the ophthalmic knives market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Ophthalmic Knives Market Share Analysis
The ophthalmic knives market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to ophthalmic knives market.
The major players covered in the ophthalmic knives market report are ParamountBlades.com, Optiedge, India., Alcon, Surgistar., Novartis AG, Sidapharm, Surgical Specialties Corporation., pfm medical ag., Surgi Edge., Eagle Labs, MANI,INC., Shah Eye Care Pvt. Ltd, Optitech Eye Care., FCI, Accutome Inc., Bausch & Lomb Incorporated, Diamatrix Ltd., BVI, OPHTECHNICS UNLIMITED, Teleflex Incorporated. and HAI Laboratories, Inc. among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.