Ophthalmic Knives Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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Ophthalmic Knives Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : September, 2021 | Medical Devices

Report Digest


Global Ophthalmic Knives Market: Overview

The global ophthalmic knives market has grown steadily over the years due to the rising prevalence of several ophthalmic diseases. Ophthalmic knives find its major usage in the area of numerous ophthalmic diseases such as glaucoma, cataract, and keratosis. These knives are highly available in hospitals, clinics, and ASCs. Rising number of specific ophthalmic surgical procedure is majorly driving the global ophthalmic knives market.

From the perspective of products, the global ophthalmic knives market is segmented into reusable ophthalmic knives and single-use ophthalmic knives. Among them, single-use ophthalmic knives segment accounts for the highest share in the global ophthalmic knives market due to the increasing demand for hygienic ophthalmic procedures. The research report by TMR Research (TMR) designs a unique growth strategies through providing a comprehensive analysis of the competitive landscape of the global ophthalmic knives market. The report also offers information on the products which are offered by companies. 

Global Ophthalmic Knives Market: Notable Developments

Some of the key developments responsible for the steady growth of the global ophthalmic knives market include:

  • Diamatrix Ltd. is manufacturing ophthalmic crescent blades which features pointed and sharp edges with rounded tip and straight sides. Such blades provide accurate cuts.
  • Shreeji Micro Systems Inc. are developing ophthalmic knives with the integration of various latest technologies. They are launching heat tampered knives which are specially designed for offering precise and strong point for easy penetration at the time of surgeries.

Some of the most prominent competitors operating in the competitive landscape of global ophthalmic knives market include –

  • HAI Laboratories
  • Novartis
  • Bausch Health
  • Sidapharm

Global Ophthalmic Knives Market: Key Growth Drivers

The global ophthalmic knives market is primarily driven by the rising incidences of several ophthalmic diseases. Along with this, increasing number of surgeries worldwide and soaring demand for minimally invasive surgeries are also propelling expansion in the global ophthalmic knives market. Rapid adoption of robotic platforms in ophthalmic surgeries and surging demand for advanced surgical procedures among patients suffering from keratosis and glaucoma are also providing impetus to the growth of the global ophthalmic knives market.

Furthermore, several companies in the global ophthalmic knives market are emphasizing on launching several technologically advanced  single-use ophthalmic knives, which differ in the area of material and sharpness on the basis of surgical demands. Due to this, numerous end-users such as clinics and hospitals are choosing the ophthalmic knives based on the different types of ophthalmic surgical procedures. Such factors are also expected to fuel growth in the global ophthalmic knives market. However, another factor responsible for spurring growth of the global ophthalmic knives market includes the growing cases of diabetes globally. Diabetes has become a major cause of blindness, which results in diabetic retinopathy.

However, the global ophthalmic knives market is facing a few challenges which are hampering the growth. Health hazards associated with the use of ophthalmic knives is expected to negatively impact the growth of the global ophthalmic knives market during the assessment period. Nonetheless, rapid technological advancements and incorporation of latest technology in ophthalmology are believed to overcome some challenges in the upcoming years.

Global Ophthalmic Knives Market: Regional Outlook

With respect to geography, North America is expected to dominate the global ophthalmic knives market as the region has witnessed rising healthcare expenditures. Along with this, presence of several reimbursement opportunities in countries such as Canada and the USA and increasing number of ASCs are also responsible for fueling growth in the ophthalmic knives market in this region.

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?