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What's Driving the Ophthalmic Surgical Instruments Market 2025-2034: Increasing Incidence Of Eye Diseases Driving Growth In The Market
Ophthalmic Surgical Instruments Market Size
There has been substantial growth in recent years in the size of the ophthalmic surgical instruments market. It is projected to expand from $10.64 billion in 2024 to $11.35 billion in 2025, achieving a compound annual growth rate (CAGR) of 6.6%. This growth during the historical period can be linked to factors such as an increase in the elderly population, rise in the geriatric population, growing occurrence of eye conditions, heightened awareness and early detection, and the development of healthcare infrastructure.
In the coming years, the ophthalmic surgical instruments market is anticipated to experience significant growth, reaching $14.52 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 6.4%. This surge during the forecast period is linked to enhancements in eye care facilities, an escalation in eye diseases, an uptick in glaucoma prevalence, cataracts and glaucoma's global commonality, and the rising fame of outpatient surgery centers. The forecast period will also witness key trends such as the uptake of microsurgical tools, the progression of phacoemulsification systems, the incorporation of femtosecond lasers, the deployment of vitrectomy machines, and an improvement in the precision of eye disorder diagnosis and treatment.
What Are the Main Catalysts for Growth in the Ophthalmic Surgical Instruments Market?
The rise in eye disorders is projected to stimulate the expansion of the ophthalmic surgical instruments market. This surge in eye illnesses can be attributed to an aging population, lifestyle tendencies such as extended screen time, and ecological impacts like pollution. Ophthalmic surgical instruments are utilized in diagnosing, administering, and treating a range of eye conditions with precision on the eye's fragile formations. For example, the Centers for Disease Control and Prevention, a US government agency, reported in May 2024 that by 2024, 17.2% of Americans aged 40 and above, roughly 20.5 million individuals, will be afflicted with cataracts in at least one eye. This figure is anticipated to exceed 30 million by 2028. As a result, the escalating prevalence of eye diseases is fuelling the development of the ophthalmic surgical instruments market.
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Which Businesses Are at the Forefront of Ophthalmic Surgical Instruments Market Development?
Major companies operating in the ophthalmic surgical instruments market are Johnson & Johnson, Medtronic Plc, Alcon Inc., Hoya Corporation, Carl Zeiss Meditec AG, Santen Pharmaceutical, Corza Opthalmology, Lumenis, Haag-Streit Group, Accutome Inc., Millennium Surgical Corp, Appasamy Associates, Tomey Corporation, IndoSurgicals, Microtrack Surgicals, INKA Surgical Instruments, Surgical Holdings, Devine Meditech, Ambler Surgical, ASICO LLC.
How Is the Ophthalmic Surgical Instruments Market Evolving?
In an effort to enhance surgical procedures and boost patient outcomes, leading firms in the ophthalmic surgical instruments market are prioritizing the development of innovative solutions, particularly towards bladeless technology. This technology category removes the need for rotating blades by utilizing alternative methods like airflow or tissue removal, thereby maximizing safety and efficiency. In August 2022, Sight Sciences, a medical technology firm based in the United States, introduced the SION Surgical Instrument. This tool is intended to cut the trabecular meshwork and lower intraocular pressure in individuals suffering from glaucoma. Some of the distinct attributes of this instrument include a bladeless design to ensure safer tissue excision, micro-engineered precision for effortless navigation around Schlemm's canal, superior control within the eye's anterior chamber, single-use sterility to minimize infection risks, and heightened efficiency in tissue removal. This positions it as a significant development in the field of minimally invasive glaucoma surgery.
How Is the Ophthalmic Surgical Instruments Market Segmented?
The ophthalmic surgical instruments market covered in this report is segmented -
1) By Product: Microscopes, Illumination Devices, Phacoemulsification Instruments, Lasers, Intraocular Lenses, Shunts And Related Drainage Devices, Viscoelastic Devices, Surgical Accessories
2) By Application: Cataract Surgery, Glaucoma Surgery, Refractive Surgery, Vitreoretinal Surgery, Other Applications
3) By End User: Hospitals, Clinics, Ambulatory Surgery Centers, Other End Users
Subsegments:
1) By Microscopes: Operating Microscopes, Handheld Microscopes, Digital Ophthalmic Microscopes
2) By Illumination Devices: Slit Lamps, Surgical Headlights, Operating Room Lighting
3) By Phacoemulsification Instruments: Phacoemulsifiers, Phaco Tips, Handpieces and Foot Pedals
4) By Lasers: Diode Lasers, YAG Lasers, Argon Lasers
5) By Intraocular Lenses: Monofocal Intraocular Lenses, Multifocal Intraocular Lenses, Toric Intraocular Lenses, Accommodative Intraocular Lenses
6) By Shunts And Related Drainage Devices: Glaucoma Shunts, Drainage Implants
7) By Viscoelastic Devices: Ocular Viscosurgical Devices (OVDs), Balanced Salt Solutions (BSS)
8) By Surgical Accessories: Surgical Knives And Blades, Speculums, Surgical Sponges And Drapes
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Where Is the Ophthalmic Surgical Instruments Market Growth Most Prominent?
North America was the largest region in the ophthalmic surgical instruments market in 2024. The regions covered in the ophthalmic surgical instruments market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Ophthalmic Surgical Instruments Global Market Report?
- Market Size Analysis: Analyze the ophthalmic surgical instruments Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the ophthalmic surgical instruments Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the market.
- Market Contribution: Evaluate contributions of different segments to the overall ophthalmic surgical instruments market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the ophthalmic surgical instruments market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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