Global Ophthalmic Knives Market - 2024-2031

Global Ophthalmic Knives Market - 2024-2031

Global ophthalmic knives market reached US$ XX million in 2023 and is expected to reach US$ XX million by 2031, growing at a CAGR of XX% during the forecast period 2024-2031.

Ophthalmic knives are specially designed to perform eye surgeries and handle ocular emergencies, including retinal detachment, vitreous haemorrhage, retinoblastoma surgery and pars plana lensectomy. These are some of the most delicate surgeries performed on eyes that require precision. The slightest mis-stroke can not only result in lost vision but also loss of the eye. Ophthalmic knives are incredibly intricate and specialized tools that have been engineered with fine edges to minimize any injury during rough handling.

Ophthalmic knives come in various shapes, sizes and designs to accommodate different surgical techniques and procedures. They are typically made of high-quality materials such as stainless steel or diamond, ensuring durability and sharpness for precise cutting. The design and functionality of ophthalmic knives are optimized to minimize trauma to the delicate structures of the eye, thereby reducing the risk of complications and promoting faster healing.

Market Dynamics: Drivers

Rising number of ophthalmic surgeries

The rising number of ophthalmic surgeries is expected to drive the ophthalmic knives market over the forecast period. As the global population continues to age, the prevalence of age-related eye conditions such as cataracts, glaucoma and macular degeneration is increasing. Older individuals are more likely to require ophthalmic surgeries to address these conditions, driving the demand for ophthalmic knives.

For instance, according to the WHO, by 2030, 1 in 6 people in the world will be aged 60 years or over. At this time the share of the population aged 60 years and over will increase from 1 billion in 2020 to 1.4 billion. By 2050, the world’s population of people aged 60 years and older will double (2.1 billion). The number of persons aged 80 years or older is expected to triple between 2020 and 2050 to reach 426 million. This aging population may leads to ophthalmic disorders simultaneously with ophthalmic surgeries like cataracts, glaucoma and others.

Cataracts are one of the leading causes of vision impairment worldwide, particularly among the elderly population. With cataract surgery being one of the most commonly performed ophthalmic procedures, the increasing prevalence of cataracts contributes significantly to the increased demand for ophthalmic knives.

For instance, according to the Cleveland Clinic Organization, researchers estimate that each year, surgeons perform over 3 million cataract surgeries in the U.S. and 20 million around the world. About half of all people who live into their 90s will need cataract surgery.

Further, the increasing prevalence of ophthalmic disorders, the rising aging population, increasing advancements in ophthalmic knives, rising awareness and accessibility and rising adoption of ophthalmic knives for various eye surgeries are the factors expected to drive the market over the forecast period.

Restraints

Factors such as complications and risks associated with ophthalmic knives, concerns regarding ophthalmic surgeries and preference for alternative ophthalmic surgical devices are the factors expected to hamper the market.

For more details on this report - Request for Sample

Segment Analysis

The global ophthalmic knives market is segmented based on product type, usability, application, end-user and region.

The crescent knives segment accounted for approximately 43,7% of the ophthalmic knives market share

The crescent knives segment is expected to hold the largest market share over the forecast period. Crescent knives are versatile instruments that can be used for a wide range of ophthalmic procedures. They are commonly employed in procedures such as corneal transplantation, where precise incisions are required to create grafts or access the corneal tissue. Crescent knives are designed to create precise, controlled incisions in the cornea, making them ideal for delicate ophthalmic surgeries such as cataract surgeries. The sharp, curved blade of the knife allows surgeons to achieve the desired depth and shape of incisions with accuracy.

For instance, Ophthalmic Marketing And Services Pvt. Ltd (OMS) Sharpedge brand Crescent knives are manufactured using imported surgical-grade stainless steel material. They offer size options ranging from 1.0mm to 2.6mm. This gives the surgeon the flexibility to choose the appropriate size that suits surgical technique. This crescent knife is mainly used for making the scleral tunnel/self-sealing valve incision while using the small incision cataract surgery (SICS) or the phacoemulsification (Phaco) technique for the cataract surgery of the eye.

The design of crescent knives minimizes the risk of tissue damage during surgery. The curved blade enables surgeons to make smooth, clean incisions with minimal trauma to surrounding tissues, which is particularly important in procedures involving the cornea and delicate ocular structures. Surgeons can maintain precise control over the instrument, allowing for accurate incisions even in challenging surgical scenarios.

Geographical Analysis

North America accounted for approximately 43.4% of the market share

North America region is expected to hold the largest market share over the forecast period owing to the strong presence of major players and rising adoption of ophthalmic knives due to the increasing number of various ophthalmic surgeries in the region. North America especially the United States is well known hub for its strong presence of major players such as medical device companies. This presence of major players in the region aims to develop more ophthalmic knives with many suitable shapes by developing various manufacturing centers in the region.

For instance, in January 2021, Caliber Ophthalmics, a business unit of Surgical Specialties, opened a new ophthalmology design and manufacturing center in Sinking Spring, Pennsylvania, US. The newly refurbished 23,000ft facility features a room for the precision manufacturing of medical devices, as well as an engineering design center and advanced blade manufacturing capabilities. Caliber’s site includes two advanced teams with expertise in designing and manufacturing ophthalmic knives and instruments that have been added from the acquisitions of Unique Technologies (UTI) and VPM Surgical (VPM).

In addition, the rising adoption of ophthalmic knives due to the increasing number of various ophthalmic surgeries is also expected to drive the market in the region. For instance, according to the American Academy of Ophthalmology, cataracts affect more than 20.5 million Americans age 40 and older and 6.1 million Americans have had cataract surgery. Glaucoma affects about 3 million Americans. An estimated 50% of people with the disease are undiagnosed. This increasing number of ophthalmic surgeries in the region increases the demand for ophthalmic knives.

Competitive Landscape

The major global players in the ophthalmic knives market include Ophtec, Optiedge, India, Microtrack Surgicals, MANI, INC., Paramount Surgimed Ltd, Advin Health Care, Tecfen Medical, MicroSurgical Technology, Devine Meditech and Shreeji Micro Systems Inc. among others.

COVID-19 Impact Analysis

The COVID-19 pandemic significantly impacted the global ophthalmic knives market. During the initial phases of the coronavirus disease 2019 (COVID-19) pandemic, many healthcare facilities postponed or canceled elective surgeries including ophthalmic procedures. This led to a significant reduction in the number of ophthalmic surgeries performed, thereby decreasing the demand for ophthalmic knives.

Market Segmentation

By Product Type
• Straight Knives
• Crescent Knives
• Slit Knives
• Others

By Usability
• Reusable ophthalmic knives
• Single-use ophthalmic knives

By Application
• Cataract Surgery
• Refractive Surgery
• Retinoblastoma Surgery
• Pars Plana Lensectomy
• Others

By End-User
• Hospitals
• Ophthalmic Clinics
• Ambulatory Surgical Centers
• Others

By Region
• North America
U.S.
Canada
Mexico
• Europe
Germany
U.K.
France
Spain
Italy
Rest of Europe
• South America
Brazil
Argentina
Rest of South America
• Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
• Middle East and Africa

Why Purchase the Report??
• To visualize the global ophthalmic knives market segmentation based on product type, usability, application, end-user and region as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development
• Excel data sheet with numerous data points of ophthalmic knives market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global ophthalmic knives market report would provide approximately 69 tables, 70 figures and 181 Pages.

Target Audience 2024
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies