Ophthalmic Handheld Surgical Instruments Global Market Estimated to Experience a Hike in Growth by 2028 | Novartis AG, Topcon Corporation, Metall Zug AG, Lumenis Ltd., BVI Medical

"""The Business Research Company recently released a comprehensive report on the Global Ophthalmic Handheld Surgical Instruments Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, 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 growth in the historic period can be attributed to the increased prevalence of ophthalmic diseases, advancements in surgical techniques, rise in demand for minimally invasive procedures, growing geriatric population, and expansion in emerging markets.

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%. The growth in the forecast period can be attributed to advancements in microsurgical techniques, rising demand for minimally invasive procedures, increasing prevalence of eye disorders, expanding geriatric population, growing healthcare infrastructure in emerging economies, and heightened focus on precision and efficiency in surgical interventions. Major trends in the forecast period include advanced microsurgical tools, expanding applications in minimally invasive procedures, a growing preference for disposable instruments, increased adoption of robotic-assisted surgery, a shift towards customizable instrument sets, rising investments in surgeon training and education programs, and the emergence of telemedicine solutions.

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Market Drivers and Trends:

The rising cases of liver disease are expected to propel the growth of the liver metastases treatment market going forward. Liver disease refers to any disorder of the liver that can stop the liver from working or prevent it from functioning well. Metastase treatments benefit overall wellness by protecting liver function, which is necessary for metabolism, detoxification, and other essential body activities. Moreover, in some situations, intensive treatments, including surgical resection, ablation, or targeted therapies, are needed for long-term remission, especially when paired with systemic medications such as chemotherapy or immunotherapy. For instance, in September 2022, according to Cancer Australia, an Australia-based government cancer agency, around 2,905 new cases of liver cancer were diagnosed in Australia in 2022 (2,113 males and 792 females). Further, the risk of developing liver cancer by age 85 is predicted to be 1 in 103 (or 0.97%) in 2022, 1 in 70, or 1.4%, for men, and 1 in 195, or 0.51%, for women. Therefore, the rising cases of liver disease are propelling the liver metastases treatment market.

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.

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Major Key Players of the Market:

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.

Ophthalmic Handheld Surgical Instruments Market 2024 Key Insights:

• 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%.
• Rising Chronic Eye Disorders Propel Growth Of Ophthalmic Handheld Surgical Instruments Market
• Technological Advancements Transforming Ophthalmic Handheld Surgical Instruments
• North America was the largest region in the ophthalmic handheld surgical instruments market in 2023

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