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Ophthalmic Handheld Surgical Instruments Global Market Growth Opportunities, Emerging Trends, Industry Analysis And Global Forecast 2024 To 2033 | Novartis AG, Topcon Corporation, Metall Zug AG, Lumenis Ltd., BVI Medical
Ophthalmic Handheld Surgical Instruments Market
As per the report, the ophthalmic handheld surgical instruments market size has grown strongly in recent years. It will grow from $2.31 billion in 2023 to $2.44 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%. The ophthalmic handheld surgical instruments market size is expected to see strong growth in the next few years. It will grow to $3.06 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%.
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Rising Chronic Eye Disorders Propel Growth Of Ophthalmic Handheld Surgical Instruments Market
The rising prevalence of chronic eye disorders is expected to propel the growth of the ophthalmic handheld surgical instruments market going forward. Chronic eye disorders refer to long-term or persistent conditions affecting the eyes or visual system that typically require ongoing management and treatment. The prevalence of chronic eye disorders is due to the aging population, rising diabetes rates, lifestyle changes, genetic predisposition, and improved awareness and screening programs. The ophthalmic handheld surgical instruments are indispensable in the diagnosis and treatment of a wide range of corneal disorders, enabling ophthalmic surgeons to perform precise, targeted interventions that preserve vision and improve patients' quality of life. For instance, in January 2024, according to the Centers for Disease Control and Prevention, a US-based vital public health agency, over 3.4 million Americans aged 40 years and older were blind or visually impaired, which is expected to double by 2030. Therefore, the increase in chronic eye disorders is expected to propel the growth of the ophthalmic handheld surgical instruments market.
Technological Advancements Transforming Ophthalmic Handheld Surgical Instruments
Major companies operating in the ophthalmic handheld surgical instruments market are developing technologically advanced products, such as handheld corneal esthesiometers incorporating several cutting-edge features to measure corneal sensitivity accurately. The handheld corneal esthesiometer is a tool in ophthalmology and neurology for assessing corneal nerve function and diagnosing conditions that affect corneal sensitivity. For instance, in July 2023, Brill Engines, a Spain-based medical equipment manufacturing company, launched the corneal esthesiometer brill (CEB), the world's first and only handheld corneal esthesiometer. It measures the cornea's sensitivity, the eye's transparent front part. It is designed for user-friendliness and typically requires minimal training to operate effectively. Handheld corneal esthesiometers provide reliable, accurate, and efficient assessments of corneal sensitivity, aiding in diagnosing and managing various ocular and neurological conditions.
The ophthalmic handheld surgical instruments market covered in this report is segmented -
1) By Product: Ophthalmic Knives, Forceps, Scissor, Chopper, Rapid Immunotherapies, Other Products
2) By Application: Cataract, Refractive, Glaucoma, Vitreoretinal, Diabetic Retinopathy, Other Applications
3) By End-User: Hospital, Ophthalmic Clinic, Other End Users
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Major companies operating in the ophthalmic handheld surgical instruments market are Novartis AG, Thompson Surgical Instruments Inc., Bausch + Lomb Incorporated, Carl Zeiss Meditec AG, Topcon Corporation, Metall Zug AG, Lumenis Ltd., BVI Medical, Keeler, Katalyst Surgical, Moria S.A., MicroSurgical Technology Inc., Oertli Instrumente AG, Duckworth & Kent Limited, Surgistar Inc., Nova Eye Medical Ltd, Accutome Inc., Takagi Ophthalmic Instruments Europe Ltd, Rumex International Co., Altomed Limited, Katena Products Inc, Mastel Precision Surgical Instruments LLC, Pelion Surgical LLC, Stephens Instruments, Insight Instruments Inc.
Contents of the report:
1. Executive Summary
2. Ophthalmic Handheld Surgical Instruments Market Report Structure
3. Ophthalmic Handheld Surgical Instruments Market Trends And Strategies
4. Ophthalmic Handheld Surgical Instruments Market - Macro Economic Scenario
5. Ophthalmic Handheld Surgical Instruments Market Size And Growth
…..
27. Ophthalmic Handheld Surgical Instruments Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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