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Driving Ophthalmic Knives Market Growth in 2025: The Role of Driving Factors for Growth in the Ophthalmic Knives Market
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Ophthalmic Knives Market Size Growth Forecast: What to Expect by 2025?
The market for ophthalmic knives has witnessed considerable growth in recent years. It is projected to expand from $2.08 billion in 2024 to $2.23 billion in 2025, registering a compound annual growth rate (CAGR) of 7.5%. This growth during the historical timeframe can be accredited to the rise in the number of cataracts, glaucoma, and other vision disorders. The preference towards minimally invasive surgeries, enhanced investment in healthcare infrastructure and ocular care, more rigid regulatory guidelines ensuring the quality and safety of ophthalmic knives, and the proliferation of specialized eye care facilities have also fuelled this growth.
How Will the Ophthalmic Knives Market Size Evolve and Grow by 2029?
In the coming years, the ophthalmic knives market is anticipated to experience significant growth, escalating to $2.94 billion by 2029 with a compound annual growth rate (CAGR) of 7.1%. Factors contributing to this growth during the forecast period involve the broadening usage of ophthalmic knives, escalating demand in emerging markets, increasing instances of age-related eye disorders fueling demand, elevated government healthcare expenditure, specifically in the area of eye care, and a focus on minimizing surgical issues while enhancing recuperation periods. The forecast period will witness several trends including the employment of durable, biocompatible materials, the creation of more precise and compact knives, the growing incorporation of AI and robotic-assisted surgery systems, the customizing of ophthalmic knives to align with individual patient demands and specific surgical criteria, as well as the emergence of reusable, eco-conscious surgical tools.
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What Drivers Are Propelling the Growth of Ophthalmic Knives Market Forward?
The rise in eye-related medical issues is anticipated to boost the expansion of the ophthalmic knives market. Eye health disorders such as cataracts, glaucoma, and diabetic retinopathy, which impact the eye's lens, optic nerve, and retina respectively, are on the increase. This upsurge can be attributed to elements such as an aging population, lifestyle shifts, and environmental factors. Ophthalmic knives, used in surgery to address issues like cataracts, glaucoma, and diabetic retinopathy, aid in making exact cuts and assisting surgical interventions to enhance sight and preserve eye health. For example, data from the US-based Centers for Disease Control and Prevention, a science and data-led organization safeguarding public health, indicated that over 3.4 million Americans 40 or above were blind or had impaired vision in January 2024, a number that is projected to double by 2030. As a result, the escalating prevalence of eye-related illnesses will fuel the expansion of the ophthalmic knives market.
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Which Emerging Trends Are Transforming the Ophthalmic Knives Market in 2025?
Leading businesses in the ophthalmic knives market are innovating and developing enhanced ophthalmic knives, such as disposable phaco knives, to increase durability and functionality during surgical operations. These disposable phaco knives, utilized once in cataract surgeries, make precise incisions, endorsing sterility and decreasing the risk of contamination. For example, HumanOptics Holding AG, a company based in Germany that manufactures medical and surgical devices, introduced disposable surgical knives for ophthalmic operations in June 2024. These knives come with smart-shaped designs and include advanced phaco knives and other special blades aimed to elevate surgical accuracy. The disposable surgical blades are created using top-grade stainless steel and are coated with an anti-glare coating to keep them sharp. These knives are crafted using high-end materials to ensure precision, longevity, and minimal tissue damage.
What Are the Key Segments in the Ophthalmic Knives Market?
The ophthalmic knives market covered in this report is segmented -
1) By Product: Reusable Ophthalmic Knives, Single-Use Ophthalmic Knives
2) By Material: Diamond, Stainless Steel, Other Materials
3) By Design: Straight Knives, Crescent Knives, Slit Knives, Micro Vitreoretinal (MVR), Stab Knives, Other Designs
4) By Application: Glaucoma Surgery, Keratitis Surgery, Cataract Surgery, Other Applications
5) By End User: Hospitals, Ambulatory Surgery Centers (ASCs), Clinics
Subsegments:
1) By Reusable Ophthalmic Knives: Diamond-Coated Ophthalmic Knives, Stainless Steel Ophthalmic Knives, Surgical Blade Ophthalmic Knives
2) By Single-Use Ophthalmic Knives: Disposable Diamond Ophthalmic Knives, Disposable Stainless Steel Ophthalmic Knives, Disposable Surgical Blade Ophthalmic Knives
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Who Are the Key Players Shaping the Ophthalmic Knives Market's Competitive Landscape?
Major companies operating in the ophthalmic knives market are Alcon Inc., Bausch Health Companies Inc., HOYA Surgical Optics, Teleflex Incorporated, MANI INC., RUMEX International Co., Aspen Surgical Products Inc., Appasamy Associates Private Limited, Accutome Inc., Unique Technologies Inc., Beaver-Visitec International Holdings Inc., Surgistar Inc., Millennium Surgical Corporation, Paramount Surgimed Ltd., Altomed Ltd., GWS Surgicals LLP, Ophtechnics Unlimited, Diamatrix Ltd., HAI Laboratories Inc., Corza Ophthalmology, Tecfen Medical
What Geographic Markets Are Powering Growth in the Ophthalmic Knives Market?
North America was the largest region in the ophthalmic knives market in 2024. The regions covered in the ophthalmic knives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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