Global Ophthalmic Knives Market 2019-2023

The global ophthalmic knives market size will grow by USD 144.45 million during 2019-2023. This report offers an analysis of the market based on product (reusable and single-use ophthalmic knives). The ophthalmic knives market research report further presents an in-depth insight on the growth prospects of the market across Asia, Europe, North America, and ROW. The report analyzes the market’s competitive landscape and offers information on several companies including Bausch Health, Diamatrix Ltd., HAI Laboratories, Inc., MANI, INC., Novartis AG, and Sidapharm.

Below are some of the key findings from this ophthalmic knives market analysis report

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Global ophthalmic knives industry overview

There is a growing focus among companies towards expanding their product portfolio and the manufacturers are launching single-use ophthalmic knives. There is a high need for these knives because of the growing incidence of ophthalmic diseases such as glaucoma, keratosis, and cataract. This is subsequently resulting in an increase in the number of surgeries. This is encouraging companies to introduce single-use ophthalmic knives with different material and sharpness. This helps companies enhance their product portfolio and strengthen their market position. The focus of the manufacturers towards expanding their product portfolio will be one of the critical reasons that will drive ophthalmic knives market growth in the coming years.

Additionally, the adoption of minimally invasive ophthalmic surgical procedures and robotic platforms will also contribute to the growth of the ophthalmic knives market, which will register a CAGR of over 5% during the forecast period. There is an increase in preference for minimally invasive surgeries such as small incision cataract surgery (SICS) as it minimizes the out-of-pocket expenditure of patients, pre and post-surgical diagnosis and medication, surgery cost, and hospital stay. This boosts the demand for ophthalmic surgical processes and ophthalmic knives as surgeries involving these knives aids in less blood loss. Moreover, the adoption of robotic platforms by surgeons to improve surgical precision while performing complicated ophthalmic surgeries such as vitreoretinal surgery will also drive market growth as these robotic platforms are integrated with medical devices such as ophthalmic knives.

Top ophthalmic knives companies covered in this market research report

The ophthalmic knives market is moderately fragmented. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by companies, this ophthalmic knives industry analysis report will help clients identify new growth opportunities and design strategies to improve their market share.

The report offers a complete analysis of various companies including:

• Bausch Health
• Diamatrix Ltd.
• HAI Laboratories, Inc.
• MANI, INC.
• Novartis AG
• Sidapharm

Ophthalmic knives market segmentation based on geographic regions

• Asia
• Europe
• North America
• ROW

North America will account for the largest ophthalmic knives market share throughout the forecast period. The presence of reimbursement opportunities in developed countries such as the US and Canada and the strategic partnerships between end-users to increase the number of ASCs are some of the major reasons for the high growth of the ophthalmic knives market in this region.

Ophthalmic knives market segmentation based on product

• Reusable ophthalmic knives
• Single-use ophthalmic knives

The reusable ophthalmic knives market segment will account for the highest market share because of the growing preference for reusable knives among ophthalmic surgeons owing to their sharpness and efficacy. Additionally, these knives also exhibit high durability as they are made from high-quality materials.

Key highlights of the global ophthalmic knives market for the forecast years 2019-2023:

• CAGR of the market during the forecast period 2019-2023
• Detailed information on factors that will accelerate the growth of the ophthalmic knives market during the next five years
• Precise estimation of the global ophthalmic knives market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the ophthalmic knives industry across various geographies such as Asia, Europe, North America, and ROW
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details on factors that will challenge the growth of ophthalmic knives companies 

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