What are the Historical Developments and Current Growth Metrics of the Ophthalmic Handheld Surgical Instruments Market?
The ophthalmic handheld surgical instruments market has seen considerable growth due to a variety of factors.
• The ophthalmic handheld surgical instruments market has seen significant growth recently. It is projected to rise from $2.44 billion in 2024 to $2.59 billion in 2025, at a compound annual growth rate (CAGR) of 6.1%.
The growth in the past years is linked to the rising occurrence of eye diseases, advancements in surgical methods, a growing demand for minimally invasive procedures, an aging population, and expansion in emerging markets.
What is the Forecasted Market Size and CAGR for the Ophthalmic Handheld Surgical Instruments Market?
The ophthalmic handheld surgical instruments market is expected to maintain its strong growth trajectory in upcoming years.
• The ophthalmic handheld surgical instruments market is set to grow to $3.24 billion by 2029, with a CAGR of 5.7%.
Factors fueling this growth include advances in microsurgery, a rising demand for minimally invasive procedures, a growing aging population, enhanced healthcare infrastructure in emerging markets, and a focus on precision and efficiency in surgeries. Notable trends include sophisticated microsurgical tools, increasing use of disposable instruments, greater adoption of robotic-assisted surgery, customizable instrument sets, and telemedicine solutions.
What Key Factors and Trends Are Driving The Growth Ophthalmic Handheld Surgical Instruments Market?
The escalation in chronic eye illnesses is projected to fuel the expansion of the ophthalmic handheld surgical instruments market. These enduring or tenacious conditions that affect visual health typically necessitate routine monitoring and treatment. The high incidence of chronic eye conditions is attributed to factors such as an ageing population, increasing rates of diabetes, changes in lifestyle, genetically inherent predispositions, as well as enhanced awareness and screening programs. Ophthalmic handheld surgical instruments are vital in diagnosing and treating a variety of corneal ailments, empowering ophthalmic surgeons to execute accurate, focused procedures that help maintain vision and enhance the patient's quality of life. For example, the Centers for Disease Control and Prevention, a health organization based in the U.S, noted in January 2024 that more than 3.4 million Americans over the age of 40 were blind or visually impaired, a figure they predict will double by 2030. Hence, the hike in chronic eye conditions is likely to boost the growth of the ophthalmic handheld surgical instruments market.
What Are The Market Segments In The Ophthalmic Handheld Surgical Instruments Market?
The ophthalmic handheld surgical instruments market covered in this report is segmented –
1) By Product: Ophthalmic Knives, Forceps, Scissor, Chopper, Rapid Immunotherapies, Other Products
2) By Application: Cataract, Refractive, Glaucoma, Vitreoretinal, Diabetic Retinopathy, Other Applications
3) By End-User: Hospital, Ophthalmic Clinic, Other End Users
Subsegments:
1) By Ophthalmic Knives: Cataract Knives, Keratome Blades, Scleral Incision Knives
2) By Forceps: Micro Forceps, Capsulorhexis Forceps, Tying Forceps
3) By Scissors: Suture Scissors, Iris Scissors, Dissecting Scissors
4) By Chopper: Cataract Chopper, Vitreoretinal Chopper
5) By Rapid Immunotherapies: Immunotherapy Delivery Devices, Biologic Therapy Instruments
6) By Other Products: Retinal Surgical Instruments, Vitrectomy Instruments, Lens Extraction Devices
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What Trends Are Shaping The Ophthalmic Handheld Surgical Instruments Market?
Leading organizations in the ophthalmic handheld surgical instruments market are shifting towards the creation of sophisticated technology products such as handheld corneal esthesiometers. These instruments integrate multiple advanced features that help deliver precise measurements of corneal sensitivity. The use of handheld corneal esthesiometers spans across fields such as ophthalmology and neurology to assess corneal nerve function and diagnose conditions impacting corneal sensitivity. As an example, in July 2023, Brill Engines, a medical equipment manufacturer based in Spain, unveiled the corneal esthesiometer brill (CEB) - the first and only handheld corneal esthesiometer globally. The device is crafted to measure the sensitivity of the cornea - the clear front portion of the eyes. It is designed for ease of use and generally necessitates basic training for effective operation. Handheld corneal esthesiometers are known for their high reliability, precision, and efficiency in evaluating corneal sensitivity, thereby assisting in the diagnosis and management of numerous eye and neurological conditions.
Who Are the Key Players In The Ophthalmic Handheld Surgical Instruments Market?
Major companies operating in the ophthalmic handheld surgical instruments market are:
• Novartis AG
• Thompson Surgical Instruments Inc.
• Bausch + Lomb Incorporated
• Carl Zeiss Meditec AG
• Topcon Corporation
• Metall Zug AG
• Lumenis Ltd.
• BVI Medical
• Keeler
• Katalyst Surgical
• Moria S.A.
• MicroSurgical Technology Inc.
• Oertli Instrumente AG
• Duckworth & Kent Limited
• Surgistar Inc.
• Nova Eye Medical Ltd.
• Accutome Inc.
• Takagi Ophthalmic Instruments Europe Ltd.
• Rumex International Co.
• Altomed Limited
• Katena Products Inc.
• Mastel Precision Surgical Instruments LLC
• Pelion Surgical LLC
• Stephens Instruments
• Insight Instruments Inc.
What Are The Regional Insights Into The Ophthalmic Handheld Surgical Instruments Market?
North America was the largest region in the ophthalmic handheld surgical instruments market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the ophthalmic handheld surgical instruments market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
