Global Ophthalmic Knives Market is Estimated to Value Over USD 2.1 Billion by 2026 End

  • 13 Sep 2019

Global Ophthalmic Knives Market is estimated to value over USD 2.1 billion by 2026 end and is expected to register a CAGR of over 4.7% during the forecast period 2019 to 2026.

A growing number of applications of disposable ophthalmic knives, especially in minimally invasive surgeries for the treatment of diseases like cataract and glaucoma is primarily driving the ophthalmic knives market growth. Increasing adoption of disposable and affordable knives over reusable knives is creating significant and profitable growth opportunities for new market players.

Implementation of sharp knife automation manufacturing processes and introduction of innovative procedures for developing grade 400 and 300 stainless steel are some of the factors which are responsible for easy availability and affordability of ophthalmic knives. These procedures enable efficient manufacturing cost reduction and in turn, the final product price.

Availability of widely ranged designs is anticipated to increase the number of applications of ophthalmic knives. Slit knives are anticipated to witness significant ophthalmic knives market growth owing to their increasing number of applications for entering into anterior chamber incision in ophthalmic surgical procedures.

Additionally, slit ophthalmic knives are easy to handle for physicians, have blunt tips that offer high-quality finishing and are lightweight. They are specially designed to cut the necessary width for the intraocular lens.Disposable ophthalmic knives segment is anticipated to witness the highest CAGR value over the forecast period owing to rising adoption over reusable products. Furthermore, disposable surgical knives help in the minimization of cross-infection risk. Due to cost-effectiveness, disposable knives are primarily used in larger clinics and hospitals which order in bulk. Moreover, single use ophthalmic or disposable knives can be ideally used by beginners and students since they allow to experience a wide range of styles, shapes and sizes, and are economic.

 

Single use ophthalmic knives significantly reduce cross-infection risks. Additionally, minimal risks pertaining to blade wear and tear is expected to increase the demand for the product in the near future.

Reusable knives offer great durability as they are manufactured from precision-engineered and superior materials, which help the physicians to reuse them multiple times. Nonetheless, factors such as costly sterilization procedures and high device pricing are expected to hamper segment growth over the forecast period.

Key market players include Alcon Vision LLC, Bausch & Lomb Inc., BVI, Diamatrix Ltd., HAI Laboratories, MANI Inc., Ophtechnics Unlimited, Paramount Surgimed Ltd., Sidapharm, Surgistar, Teleflex Inc. and Unique Technologies. 

 

Global Ophthalmic Knives Market Segmentation:

By Design Outlook

· Straight Knives

· Crescent Knives

· Slit Knives

· MVR Knives

· Stab Knives

· Others

 

By Product

· Reusable Ophthalmic Knives

· Single-Use Ophthalmic Knives

 

By End User

  • Hospitals
  • Ambulatory Surgery Centers
  • Clinics

 

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

 

FutureWise Key Takeaways:

• Growth prospects

• SWOT analysis 

• Key trends 

• Key data-points affecting market growth 

 

Objectives of the Study:

  • To provide with an exhaustive analysis on the global ophthalmic knives market by design outlook, by product, by end user and by region
  • To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
  • To evaluate and forecast micro-markets and the overall market 
  • To predict the market size, in key regions (along with countries)— North America, Asia Pacific, Europe, Latin America and Middle East & Africa
  • To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
  • Profiling of companies to evaluate their market shares, strategies, financials and core competencies

 

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