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 : August, 2020 | Medical Devices | PPT format

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 study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.