How Has The Computer Vision in Ophthalmic Surgical Instruments Market Size Evolved In Recent Years?
The ophthalmic surgical instruments market has seen considerable growth due to a variety of factors.
• In recent times, the ophthalmic surgical instruments market has seen substantial growth. The market is forecasted to expand from a size of $10.64 billion in 2024 to $11.35 billion in 2025, at a compound annual growth rate (CAGR) of 6.6%.
The impressive growth in the prior years can be traced back to factors such as an increase in the aging segment of the population, a surge in older adults, a rise in the occurrence of eye disorders, heightened awareness coupled with early diagnosis, and improvements in healthcare infrastructure.
What is the Forecasted Growth of the Ophthalmic Surgical Instruments Market Size?
The ophthalmic surgical instruments market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of ophthalmic surgical instruments is predicted to experience a significant increase in the coming years, escalating to a value of $14.52 billion by 2029 with a compound annual growth rate (CAGR) of 6.4%.
The factors contributing to this growth during the projected period include enhanced eye care infrastructure, escalation in eye disorders, increased occurrence of glaucoma, a worldwide surge in cataracts and glaucoma cases, and the growing preference for ambulatory surgery centers. Trending advancements expected during this period involve the incorporation of microsurgical instruments, progression of phacoemulsification systems, amalgamation of femtosecond lasers, application of vitrectomy machines, and enhanced precision in the diagnosis and treatment of eye-related disorders.
What Key Factors and Trends are Driving the Growth of the Ophthalmic Surgical Instruments Market?
The growth of the ophthalmic surgical instruments market is anticipated to be driven by the rising prevalence of eye-related diseases. The cause for this increase is attributed to factors such as aging populations, lifestyle practices like increased screen time, and environmental factors like pollution. Ophthalmic surgical instruments are crucial for diagnosing, treating, and managing various eye ailments through intricate procedures performed on the fine structures of the eye. For example, the Centers for Disease Control and Prevention, a government agency based in the US, noted in May 2024, that cataracts will affect 17.2% of Americans aged 40 and older, or approximately 20.5 million people, in at least one eye by 2024. This number is predicted to exceed 30 million by 2028. Thus, the escalating prevalence of eye conditions is promoting ophthalmic surgical instruments market's expansion.
What Is The Segmentation Of The Global Ophthalmic Surgical Instruments Market?
The ophthalmic surgical instruments market covered in this report is segmented –
1) By Product: Microscopes, Illumination Devices, Phacoemulsification Instruments, Lasers, Intraocular Lenses, Shunts And Related Drainage Devices, Viscoelastic Devices, Surgical Accessories
2) By Application: Cataract Surgery, Glaucoma Surgery, Refractive Surgery, Vitreoretinal Surgery, Other Applications
3) By End User: Hospitals, Clinics, Ambulatory Surgery Centers, Other End Users
Subsegments:
1) By Microscopes: Operating Microscopes, Handheld Microscopes, Digital Ophthalmic Microscopes
2) By Illumination Devices: Slit Lamps, Surgical Headlights, Operating Room Lighting
3) By Phacoemulsification Instruments: Phacoemulsifiers, Phaco Tips, Handpieces and Foot Pedals
4) By Lasers: Diode Lasers, YAG Lasers, Argon Lasers
5) By Intraocular Lenses: Monofocal Intraocular Lenses, Multifocal Intraocular Lenses, Toric Intraocular Lenses, Accommodative Intraocular Lenses
6) By Shunts And Related Drainage Devices: Glaucoma Shunts, Drainage Implants
7) By Viscoelastic Devices: Ocular Viscosurgical Devices (OVDs), Balanced Salt Solutions (BSS)
8) By Surgical Accessories: Surgical Knives And Blades, Speculums, Surgical Sponges And Drapes
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What Emerging Trends Are Shaping The Ophthalmic Surgical Instruments Market?
Leading businesses in the ophthalmic surgical instruments market are shifting their focus towards the creation of groundbreaking solutions, such as bladeless technology. This technology aims to improve surgical procedures and raise patient results by disposing of rotating blades and replacing them with alternative mechanisms, highlighting safety and efficiency. For instance, Sight Sciences, a medical technology organization based in the United States, unveiled the SION Surgical Instrument in August 2022. The instrument, targeting the reduction of intraocular pressure in patients suffering from glaucoma, has an impressive lineup of features including bladeless safe tissue excision, micro-engineered precision for simplified navigation around Schlemm's canal, increased flexibility within the anterior chamber of the eye, single-use sterility to minimize infection threats, and efficiency in tissue removal. This positions the SION Surgical Instrument as a significant step forward in the realm of minimally invasive glaucoma surgery.
Who Are the Key Players in the Ophthalmic Surgical Instruments Market?
Major companies operating in the ophthalmic surgical instruments market are include:
• Johnson & Johnson
• Medtronic Plc
• Alcon Inc.
• Hoya Corporation
• Carl Zeiss Meditec AG
• Santen Pharmaceutical
• Corza Opthalmology
• Lumenis
• Haag-Streit Group
• Accutome Inc.
• Millennium Surgical Corp
• Appasamy Associates
• Tomey Corporation
• IndoSurgicals
• Microtrack Surgicals
• INKA Surgical Instruments
• Surgical Holdings
• Devine Meditech
• Ambler Surgical
• ASICO LLC.
What are the Regional Insights into the Ophthalmic Surgical Instruments Market?
North America was the largest region in the ophthalmic surgical instruments market in 2024. The regions covered in the ophthalmic surgical instruments market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
