Global Microkeratome Market Size, Trends & Growth Opportunity, By Product (Disposable, and Reusable), By Technology (Fully Invasive, and Minimally Invasive), By Treatment (Epiretinal Membrane, Diabetic Retinopathy, Retinal Detachment, and Others), Regiona

Global Microkeratome Market Size, Trends & Growth Opportunity, By Product (Disposable, and Reusable), By Technology (Fully Invasive, and Minimally Invasive), By Treatment (Epiretinal Membrane, Diabetic Retinopathy, Retinal Detachment, and Others), Regional Outlook, Competitive Market Share & Forecast, 2022 – 2027.

Global Microkeratome Market

Global Microkeratome Market was valued at USD 878.90 million in 2022 and is slated to reach at USD 1340.26 million by 2027 at a CAGR of 9.2% from 2022-2027.

Microkeratome is a type of high precision surgical instrument which comprises an oscillating blade intended to create the corneal flap for surgeries associated with refractive errors. These devices are used in LASIK or ALK surgeries. Healthy human cornea varies in between 500 & 600m in LASIK technique, the microkeratome produces a thick flap of around 83200 m.

Market Drivers

Rise in number of visual impairment cases in emerging economies is key driving factor which is expected to boost the global microkeratome market growth. For instance, according to WHO (World Health Organization) more than 80% of total ophthalmic diseases in African country of Rwanda was refractive errors represented around 5.3% of the total population in 2018.

Furthermore, increase in approval and launch of effective surgical products and advanced technologies will positively contribute the market growth. Moreover, increase in mergers and acquisitions by key competitors will drive the market growth.

For instance, in February 2018, Abbott Medical Optics had acquired by Johnson and Johnson which includes ophthalmic products in areas of patient care including cataract surgery and consumer eye health laser refractive surgery.

Market Restraints

However, high cost of these devices is major challenging factor which are expected to hinder the global microkeratome market growth. Also, lack of skilled professionals and increase in adoption of LASIK technologies such as femtosecond laser will affect the market growth.

Impact of COVID-19

Impact of COVID-The COVID-19 outbreak has significantly disrupted the economy and society. Numerous organisations' supply chains and value chains have been impacted by the pandemic. The market for microkeratomes is typical.

Based on the entire industry, considering both the demand side and supply side viewpoints, the impact of the COVID-19 pandemic will be examined. The pandemic's consequences would be researched and examined for both short- and long-term situations.

Recent Development

STAAR Surgical and Smile Eye Group, a German and Austrian facility specialising in vision repair, formed a strategic cooperative agreement in February 2019. According to the agreement, the business promoted the EVO Visian ICL series of lenses as the primary refractive technique for myopia patients. As a result of this partnership, more eye care specialists are using the product, increasing the company's income.

The iDESIGN refractive studio, the next generation of tailored LASIK surgery, was introduced in September 2018 by Johnson & Johnson Services, Inc. The newly developed tool enabled medical professionals to properly perform LASIK surgery with accurate measuring of the eye's inside. This product introduction increased the company's current refractive surgical product range and helped it establish itself as one of the most technologically advanced businesses.

Market Segmentation

The Global Microkeratome Market is segmented into product such as Disposable, and Reusable, by Technology such as Fully Invasive, and Minimally Invasive. Further, market is segmented into treatment such as Epiretinal Membrane, Diabetic Retinopathy, Retinal Detachment, and Others.

Regional Analysis

The Global Microkeratome Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

Market Key Players

Various key players are discussed in this report such as Alcon, Inc., Carl Zeiss AG, Hoya Corporation, CooperVision, Bausch & Lomb Incorporated, Johnson & Johnson Vision Care, Essilor International, Marvel Medtech, STAAR Surgical Company, and Abbott Medical Optics Inc.

Market Taxonomy

By Product

• Disposable
• Reusable

• Fully Invasive
• Minimally Invasive

• Epiretinal Membrane
• Diabetic Retinopathy
• Retinal Detachment
• Others

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa