Ophthalmic Knives

Global Ophthalmic Knives Market to Reach US$3.0 Billion by 2030

The global market for Ophthalmic Knives estimated at US$2.3 Billion in the year 2024, is expected to reach US$3.0 Billion by 2030, growing at a CAGR of 4.1% over the analysis period 2024-2030. Reusable Ophthalmic Knives, one of the segments analyzed in the report, is expected to record a 3.4% CAGR and reach US$1.6 Billion by the end of the analysis period. Growth in the Single-Use Ophthalmic Knives segment is estimated at 4.8% CAGR over the analysis period.

The U.S. Market is Estimated at US$629.0 Million While China is Forecast to Grow at 7.5% CAGR

The Ophthalmic Knives market in the U.S. is estimated at US$629.0 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$625.7 Million by the year 2030 trailing a CAGR of 7.5% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.4% and 3.0% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.1% CAGR.

Key Trends and Drivers

Ophthalmic knives are specialized instruments designed for precision and safety in various eye surgeries, including cataract removal, corneal transplants, and vitreoretinal surgeries. These knives must meet exacting standards of sharpness, durability, and ease of handling to allow surgeons to perform delicate cuts without damaging surrounding ocular tissues. The range of ophthalmic knives includes different types, such as keratomes for creating incisions in the cornea, crescent blades for scleral and corneal dissections, and MVR (Micro Vitreo Retina) blades specifically designed for retinal surgeries. Material innovations have led to the development of blades made from advanced metals and alloys that offer superior sharpness and resistance to wear, as well as diamond blades known for their unparalleled precision and longevity.

The evolution of ophthalmic surgical techniques continues to influence the development of ophthalmic knives. With the rise of minimally invasive surgery (MIS) in ophthalmology, there is an increasing demand for knives that make smaller, more precise incisions, which help in reducing surgical time and improving patient outcomes. This demand has spurred advancements in the manufacturing techniques of these knives, with a focus on enhancing their ergonomic design to provide surgeons with better control and reducing patient discomfort post-surgery. Additionally, the move towards disposable ophthalmic knives is gaining momentum due to concerns about sterilization and cross-contamination. Disposable knives ensure that each patient experiences a surgery with a new, sterile blade, thus enhancing safety and efficiency.

The growth in the ophthalmic knives market is driven by several factors, including technological advancements in eye surgery, increasing prevalence of eye diseases such as cataracts and glaucoma, and a growing global aging population that is more susceptible to such conditions. As the number of eye surgeries continues to rise, the demand for high-quality surgical instruments also grows. Additionally, there is a significant shift in consumer behavior towards preferring quick, minimally invasive procedures that offer faster recovery times and minimal post-operative complications, which in turn fuels the demand for advanced ophthalmic knives. Regulatory approvals and the introduction of new products also play critical roles in market expansion, encouraging continuous innovation among manufacturers. Furthermore, the expanding capabilities of surgical centers around the world, coupled with increased healthcare spending and awareness about available surgical options, are pivotal in driving the growth of this market.

SCOPE OF STUDY:

The report analyzes the Ophthalmic Knives market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Product Type (Reusable Ophthalmic Knives, Single-Use Ophthalmic Knives); Design Type (Slit Design Type Knives, MVR Design Type Knives, Straight Design Type Knives, Crescent Design Type Knives, Other Design Types); End-Use (Hospitals End-Use, Ambulatory Surgery Centers End-Use, Other End-Uses)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 43 Featured) -

• 2nd Sight Medical Co., Ltd.
• Alcon, inc.
• Amar Instruments
• Bausch & Lomb, Inc.
• Beijing Bohaikangyuan Medical Devices Co., Ltd.
• Belle Healthcare Technology Co., Ltd.
• Corza Medical
• Diamatrix Ltd
• Innovia Medical (Eagle Lab)
• Kai Industries Co. Ltd.
• Ophtechnics Unlimited
• Paramount Surgimed Ltd.
• Sidapharm
• Stephens Instruments
• Surgistar Inc.
• Yilmaz Medikal

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

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