Global Eye Spear Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Eye Spear Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Eye Spear is made of soft, absorbent and highly retentive polyvinyl alcohol foam and is designed to quickly clean the surface of the eye and absorb diffuse fluids during ophthalmic procedures.

Market Overview:

The latest research study on the global Eye Spear market finds that the global Eye Spear market reached a value of USD 32.89 million in 2022. It’s expected that the market will achieve USD 74.34 million by 2028, exhibiting a CAGR of 14.56% during the forecast period.

The effect of COVID-19

The new COVID-19 episode initially started in Wuhan (China) in December 2019, and from that point forward, it has spread all throughout the planet at a high speed. China, Italy, Iran, Spain, the Republic of Korea, France, Germany, and the US are among the most noticeably awful influenced nations as far as certain cases and detailed passings, as of March 2020. The COVID-19 is significantly impacting the business and global economy in addition to the serious implications on public health. The COVID-19 episode has influenced economies and ventures in different nations because of lockdowns, travel boycotts, and business closures. The worldwide logistics industry is one of the significant enterprises confronting genuine interruptions, for example, inventory network breaks, innovation occasions undoings, and office closures because of this episode. However, China is the worldwide assembling center, with the presence of and the biggest crude material providers. The general market separates because of COVID-19 is likewise influencing the development of the market because of closing down of processing plants, impediment in store network, and decline in world economy. Given the current uncertainty caused by COVID-19, the market will also become unstable.

The market in Asia Pacific region is expected to expand

In terms of region, the global eye care surgical devices market can be segmented into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. Each region is further divided into specific countries such as the U.S., Canada, Germany, the U.K., Brazil, India, Japan, and GCC Countries. North America region is leading the eye care surgical devices market owing to increase in prevalence of refractive errors and other eye related diseases, rise in geriatric population, surge in new technological advancements, and growth in health care expenditures. The market in Asia Pacific region is expected to expand at a considerable pace during the forecast period owing to increase in support from governments and initiatives taken by NGOs.

Risks in competitions with global player

Major players are introducing new products with technological advancements to increase their market share. They also engage in different growth strategies, such as acquisitions, mergers, collaborations, partnerships, and agreements, to gain competitive advantage. The strong alliance of major industry players is conducive to the healthy development of the market to a certain extent, but on the other hand, with the continuous development of the economy, the market becomes more and more expansive, which will make the market competition fierce.

Region Overview:

In global comparison, a significant portion of the revenue was generated in North America (38.79% in 2021).

Company Overview:

BVI Medical is one of the major players operating in the Eye Spear market, holding a share of 35.3% in 2022.

BVI Medical

As one of the fastest-growing, diversified surgical ophthalmic businesses in the world, BVIs purpose-built portfolio spans more than 115 countries and set sights on touching the lives of millions of patients affected by conditions such as cataracts, refractive error, glaucoma, retinal disease, and dry eye.

Bausch & Lomb

Bausch + Lomb, a division of Bausch Health Companies Inc., is solely dedicated to protecting and enhancing the gift of sight for millions of people around the world. The company is one of the best-known and most respected healthcare brands in the world, offering the widest and finest range of eye health products including contact lenses and lens care products, pharmaceuticals, intraocular lenses and other eye surgery products.

Segmentation Overview:

By type, Regular Eye Spear segment accounted for the largest share of market in 2021.

Application Overview:

The market's largest segment by application is the segment Clinic, with a market share of 50.76% in 2021.

Key Companies in the global Eye Spear market covered in Chapter 3:

Alcon Laboratories, Inc.
Bausch & Lomb
Hurricane Medical
BVI Medical
Foryou Medical
Defries Industries
BenQ Materials
Network Medical
Aurolab
Cenefom

In Chapter 4 and Chapter 14.2, on the basis of types, the Eye Spear market from 2018 to 2029 is primarily split into:

Regular Eye Spear
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Eye Spear market from 2018 to 2029 covers:

Hospital
Clinic
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)