The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

According to The Business Research Company’s Ophthalmic Handheld Surgical Instruments Global Market Report 2024, the ophthalmic handheld surgical instruments market is expected to show promising growth in the forecast period.

Market Overview

• Current Market Size: The ophthalmic handheld surgical instruments market grew from $2.31 billion in 2023 to $2.44 billion in 2024 at a CAGR of 5.6%.
• Future Projections: Expected to reach $3.06 billion by 2028, with a CAGR of 5.8%.
• Key Growth Drivers:
  • Increased prevalence of ophthalmic diseases
  • Advancements in surgical techniques
  • Rising demand for minimally invasive procedures
  • Growing geriatric population
  • Expansion in emerging markets

Factors Driving Market Growth

• Historic Period:
  • Rise in minimally invasive procedures
  • Increased geriatric population
  • Emerging market expansion
• Forecast Period:
  • Advancements in microsurgical techniques
  • Increasing prevalence of eye disorders
  • Improved healthcare infrastructure in emerging economies
  • Enhanced precision and efficiency in surgeries

Key Market Trends

• Technological Innovations:
  • Advanced microsurgical tools
  • Growing use of robotic-assisted surgery
  • Customizable instrument sets
• Market Shifts:
  • Preference for disposable instruments
  • Investments in surgeon training and education
  • Emergence of telemedicine solutions

View More On The Ophthalmic Handheld Surgical Instruments Market Report 2024 – https://www.thebusinessresearchcompany.com/report/ophthalmic-handheld-surgical-instruments-global-market-report

Rising Chronic Eye Disorders

• Impact on Market Growth: Increasing chronic eye disorders are driving the demand for ophthalmic handheld surgical instruments.
  • Aging population
  • Rising diabetes rates
  • Lifestyle changes
  • Genetic predispositions
  • Improved awareness and screening programs
• Example: As of January 2024, over 3.4 million Americans aged 40+ were blind or visually impaired, expected to double by 2030.

Technological Advancements

• Innovations: Companies are developing advanced products such as handheld corneal esthesiometers.
  • Example: In July 2023, Brill Engines launched the corneal esthesiometer brill (CEB), the world’s first handheld corneal esthesiometer.
  • Benefits: Reliable, accurate, and efficient assessments of corneal sensitivity, aiding in diagnosing and managing ocular and neurological conditions.

Major Companies

• Leading Players: Novartis AG, Thompson Surgical Instruments Inc., Bausch + Lomb Incorporated, Carl Zeiss Meditec AG, Topcon Corporation, Metall Zug AG, Lumenis Ltd., BVI Medical, Keeler, Katalyst Surgical, Moria S.A., MicroSurgical Technology Inc., Oertli Instrumente AG, Duckworth & Kent Limited, Surgistar Inc., Nova Eye Medical Ltd., Accutome Inc., Takagi Ophthalmic Instruments Europe Ltd., Rumex International Co., Altomed Limited, Katena Products Inc., Mastel Precision Surgical Instruments LLC, Pelion Surgical LLC, Stephens Instruments, Insight Instruments Inc.

Strategic Acquisitions

• Katena Products and ASICO:
  • Acquisition: In April 2021, Katena Products acquired ASICO, enhancing its portfolio and market reach.
  • Outcome: Positioned Katena as a leading provider of comprehensive ophthalmic surgical solutions.

Market Segmentation

• By Product: Ophthalmic Knives, Forceps, Scissor, Chopper, Rapid Immunotherapies, Other Products
• By Application: Cataract, Refractive, Glaucoma, Vitreoretinal, Diabetic Retinopathy, Other Applications
• By End-User: Hospital, Ophthalmic Clinic, Other End Users

Regional Insights

• Largest Region in 2023: North America
• Fastest-Growing Region: Asia-Pacific expected to lead in the forecast period

The ophthalmic handheld surgical instruments market is poised for significant growth, driven by technological advancements, rising chronic eye disorders, and strategic industry moves. As the market evolves, key trends and regional dynamics will continue to shape its trajectory, offering ample opportunities for innovation and expansion.

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