Regardless of a company’s size or income, the most recent research report from Quadintel offers a thorough analysis of the global Ophthalmic Knives Market for the years 2023–2030.
The global market report provides statistics and information on the evolution of the investment structure, technological advancements, industry trends and developments, market players’ capabilities, and in-depth details on the major market players. The analysis also includes a summary of the global market strategies that have been implemented in light of the industry’s present and future conditions.
An overview of the Ophthalmic Knives Market, the current state of the industry, market trends, significant market participants, product type, application, and geography are provided at the beginning of the study. It also covers how COVID-19 has affected market participants, end-user industries, future predictions, growth potential, and worldwide market trends.
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Market Overview:
Global Ophthalmic Knives Market is valued at approximately USD 302.2 Million in 2021 and is anticipated to grow with a healthy growth rate of more than 4.3% over the forecast period 2022-2029.
Ophthalmic Knives are specialized medical tools utilized to perform eye surgeries and in treatment of ocular emergencies, such as retinal detachment, vitreous haemorrhage, retinoblastoma surgery, and pars plana lensectomy among others. These knives are engineered to perform deep, fine, and precision cuts during ophthalmic surgical procedures to reduce the surgical footprint. The growing incidences of ophthalmic diseases and increasing adoption of surgical procedures to treat Ophthalmic diseases as well as strategic initiatives from leading market players are key factors accelerating the growth of the Global Ophthalmic Knives market.
According to Centers for Disease Control & Prevention (CDC) estimates – as of 2020, an estimated 20.5 million (17.2%) American citizens aged 40 years and older have cataract in one or both eyes. In addition, an estimated 2.95 million American Citizens aged 40 years and older are affected by age-related macular degeneration (AMD) and an additional 7.3 million citizens are at higher risk of developing AMD. Moreover, as per The Royal National Institute of Blind People (RNIB), UK – as of 2020, globally an estimated 285 million people are living with sight loss, out of this around 39 million people are blind, and 246 million people are partially sighted. In addition, uncorrected refractive error and cataracts are the leading causes of sight loss worldwide. Also, growing healthcare infrastructure in emerging economies and rising geriatric population would create lucrative growth prospectus for the Global Ophthalmic Knives Market over the forecast period. However, lack of awareness towards eye-related diseases and dearth of skilled professionals in low- & medium-income countries as well as high costs associated with reusable ophthalmic knives impede the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Ophthalmic Knives Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region in terms of market share owing to factors such as growing prevalence of eye disorders and diseases as well presence of leading market players in the region. Whereas, Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising geriatric and target populations, and growing healthcare sector in the region.
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Major market players included in this report are:
- Ophthalmic Solution
- Core Surgical
- Omnilens
- SafeOps
- Micromed International
- Mani, Inc.
- Kanchan Eye Instruments
- Bausch Health (Storz Ophthalmic Instrument)
- Diamatrix Ltd
- HAI Labs, Inc.
The detailed segments and sub-segment of the market are explained below:
By Design:
Straight Knives
Crescent Knives
Slit Knives
MVR Knives
Others
By Product:
Reusable Ophthalmic Knives
Disposable Ophthalmic Knives
By Application:
Glaucoma Surgery
Cataract Surgery
Others
By End-User:
Hospitals
Eye Clinics
Others
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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Report Include:
- Market Behavior/ Level of Risk and Opportunity
- End Industry Behavior/ Opportunity Assessment
- Expected Industry Recovery Timeline
Key Market Features in Global Market: The report assessed key market features, including revenue, capacity, price, capacity utilization rate, production rate, gross, production, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. The study also offers a thorough analysis of the most important market factors and their most recent developments, as well as pertinent market segments and sub-segments.
In this report, the following important queries are addressed:
- What is the Global market’s sales value, production value, consumption value, import, and export (including North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
- Who are the major manufacturers in this sector on a global scale? How are their capacity, production, sales, pricing, cost, gross, and revenue operating?
- What are the vendors’ market prospects and risks in the international industry?
- Which product types, end users, or applications might be looking for additional growth prospects? What is each type’s and application’s market share?
- What specific strategies and limitations are keeping the market in check?
- What is the various marketing, sales, and distribution channels in the international market?
- What are the upstream raw materials, as well as the manufacturing machinery?
- What are the market opportunities, market risk, and market overview of this industry?
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