What Has Been the Growth of the Ophthalmic Knives Market So Far?
The ophthalmic knives market has seen considerable growth due to a variety of factors.
• The ophthalmic knives market has grown steadily in recent years. It is expected to increase from $2.08 billion in 2024 to $2.23 billion in 2025, at a compound annual growth rate (CAGR) of 7.5%.
Factors driving this growth include a rise in cataract, glaucoma, and other vision-related issues, a shift towards less invasive procedures, more investment in ophthalmic care infrastructure, stricter safety regulations, and the growth of specialized eye care facilities.
What Is the Forecasted Market Size and Growth Rate for The Ophthalmic Knives Market Size In The Coming Years?
The ophthalmic knives market is expected to maintain its strong growth trajectory in upcoming years.
• The ophthalmic knives market is expected to grow to $2.94 billion by 2029, with a CAGR of 7.1%.
The growth is driven by expanding use of ophthalmic knives, rising demand in emerging markets, higher incidences of age-related eye conditions, increased healthcare spending, and the focus on reducing surgical complications and recovery times. Major trends include the use of biocompatible materials, more precise and smaller knives, AI integration in surgery, knives tailored to patient needs, and the development of reusable, environmentally friendly surgical tools.
What Factors Are Driving Growth In The Ophthalmic Knives Market?
The rise in cases of eye-related diseases is anticipated to boost the expansion of the ophthalmic knives market. Disorders like cataracts, glaucoma, and diabetic retinopathy, affecting the eye's lens, optic nerve, and retina respectively, are referred to as eye-related conditions. The growth in the patient count for these conditions can be attributed to factors like aging populations, changes in lifestyle, and environmental influences. Ophthalmic knives play a critical role in surgical procedures by creating accurate incisions for treating conditions like cataracts, glaucoma, and diabetic retinopathy, thereby enhancing vision and managing eye health. For example, in January 2024, the Centers for Disease Control and Prevention, a U.S.-based organization employing scientific methods and data to protect public health, noted that over 3.4 million Americans aged 40 and above were blind or visually challenged, a number projected to double by 2030. Hence, the escalating frequency of eye-related diseases is expected to fuel the growth of the ophthalmic knives market.
What Are The Main Segments Of The Global Ophthalmic Knives Market?
The ophthalmic knives market covered in this report is segmented –
1) By Product: Reusable Ophthalmic Knives, Single-Use Ophthalmic Knives
2) By Material: Diamond, Stainless Steel, Other Materials
3) By Design: Straight Knives, Crescent Knives, Slit Knives, Micro Vitreoretinal (MVR), Stab Knives, Other Designs
4) By Application: Glaucoma Surgery, Keratitis Surgery, Cataract Surgery, Other Applications
5) By End User: Hospitals, Ambulatory Surgery Centers (ASCs), Clinics
Subsegments:
1) By Reusable Ophthalmic Knives: Diamond-Coated Ophthalmic Knives, Stainless Steel Ophthalmic Knives, Surgical Blade Ophthalmic Knives
2) By Single-Use Ophthalmic Knives: Disposable Diamond Ophthalmic Knives, Disposable Stainless Steel Ophthalmic Knives, Disposable Surgical Blade Ophthalmic Knives
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What Emerging Trends Are Influencing The Growth Of The Ophthalmic Knives Market?
Leading firms in the ophthalmic knives market are creating sophisticated tools, such as single-use phaco knives, designed to increase durability and operational efficiency in surgery. These disposable phaco knives, which are utilized for precise incisions during cataract surgeries, encourage a sterile environment while reducing the risk of contamination. For example, in June 2024, HumanOptics Holding AG, a medical and surgical device producer based in Germany, introduced its disposable surgical knives for use in ophthalmic procedures. These cutting-edge phaco knives have unique designs, along with other specific blades, all catering to enhance surgical accuracy. These disposable surgical blades are composed of top-quality stainless steel with an anti-glare coating that retains sharpness. The materials used in the production of these knives assure accuracy, longevity, and minimal tissue damage.
Who Are the Key Players In The Ophthalmic Knives Market?
Major companies operating in the ophthalmic knives market are:
• Alcon Inc.
• Bausch Health Companies Inc.
• HOYA Surgical Optics
• Teleflex Incorporated
• MANI INC.
• RUMEX International Co.
• Aspen Surgical Products Inc.
• Appasamy Associates Private Limited
• Accutome Inc.
• Unique Technologies Inc.
• Beaver-Visitec International Holdings Inc.
• Surgistar Inc.
• Millennium Surgical Corporation
• Paramount Surgimed Ltd.
• Altomed Ltd.
• GWS Surgicals LLP
• Ophtechnics Unlimited
• Diamatrix Ltd.
• HAI Laboratories Inc.
• Corza Ophthalmology
• Tecfen Medical
What Is The Most Dominant Region In The Ophthalmic Knives Market?
North America was the largest region in the ophthalmic knives market in 2024. The regions covered in the ophthalmic knives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
