Growth Opportunities and Trends in the Ophthalmic Surgical Instruments Market: Key Insights for 2025-2034
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What fueled the previous growth in the ophthalmic surgical instruments market?
In recent years, the market size of ophthalmic surgical instruments has seen robust growth. The market is predicted to expand from $10.64 billion in 2024 to $11.35 billion in 2025, with a compound annual growth rate (CAGR) of 6.6%. Factors such as an increase in the elderly population, a rise in the number of aged people, augmenting instances of eye disorders, increased awareness and early detection, along with the growth of the healthcare infrastructure, are believed to have contributed to the historical growth.
What will be the ophthalmic surgical instruments market size in the future?
Ophthalmic surgical instruments market is predicted to witness a robust growth, with its size reaching $14.52 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 6.4%. Factors responsible for this growth in the upcoming years include an improved eye care infrastructure, an rising number of eye disorders, increased prevalence of glaucoma, a higher global rate of cataracts and glaucoma, and the growing appeal of ambulatory surgery centers. Key trends expected during this forecast period encompass the utilization of microsurgical instruments, advancements in phacoemulsification systems, incorporation of femtosecond lasers, employment of vitrectomy machines, and enhanced precision in diagnosing and treating eye disorders.
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What main drivers are fueling expansion in the ophthalmic surgical instruments market?
The growth of the ophthalmic surgical instruments market is set to be fueled by the rising instances of eye conditions. This rise in eye diseases can be attributed to factors like aging populations, lifestyle choices like increased exposure to screens, and environmental factors like pollution. Ophthalmic surgical instruments, which are used to diagnose, treat, and administer various eye disorders by performing meticulous procedures on the fragile structures of the eye, play a crucial role here. For example, the Centers for Disease Control and Prevention, a US government agency, projected in May 2024 that 17.2% of Americans aged 40 and over, which is an estimated 20.5 million individuals, will develop cataracts in at least one eye in 2024. This figure is projected to skyrocket to over 30 million by 2028. Thus, such rising instances of eye diseases are propelling the growth of the ophthalmic surgical instruments market.
What key areas define the segmentation of the global ophthalmic surgical instruments market?
The ophthalmic surgical instruments market covered in this report is segmented –
1) By Product: Microscopes, Illumination Devices, Phacoemulsification Instruments, Lasers, Intraocular Lenses, Shunts And Related Drainage Devices, Viscoelastic Devices, Surgical Accessories
2) By Application: Cataract Surgery, Glaucoma Surgery, Refractive Surgery, Vitreoretinal Surgery, Other Applications
3) By End User: Hospitals, Clinics, Ambulatory Surgery Centers, Other End Users
Subsegments:
1) By Microscopes: Operating Microscopes, Handheld Microscopes, Digital Ophthalmic Microscopes
2) By Illumination Devices: Slit Lamps, Surgical Headlights, Operating Room Lighting
3) By Phacoemulsification Instruments: Phacoemulsifiers, Phaco Tips, Handpieces and Foot Pedals
4) By Lasers: Diode Lasers, YAG Lasers, Argon Lasers
5) By Intraocular Lenses: Monofocal Intraocular Lenses, Multifocal Intraocular Lenses, Toric Intraocular Lenses, Accommodative Intraocular Lenses
6) By Shunts And Related Drainage Devices: Glaucoma Shunts, Drainage Implants
7) By Viscoelastic Devices: Ocular Viscosurgical Devices (OVDs), Balanced Salt Solutions (BSS)
8) By Surgical Accessories: Surgical Knives And Blades, Speculums, Surgical Sponges And Drapes
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Who are the dominant players expanding their reach in the ophthalmic surgical instruments market?
Major companies operating in the ophthalmic surgical instruments market are Johnson & Johnson, Medtronic Plc, Alcon Inc., Hoya Corporation, Carl Zeiss Meditec AG, Santen Pharmaceutical, Corza Opthalmology, Lumenis, Haag-Streit Group, Accutome Inc., Millennium Surgical Corp, Appasamy Associates, Tomey Corporation, IndoSurgicals, Microtrack Surgicals, INKA Surgical Instruments, Surgical Holdings, Devine Meditech, Ambler Surgical, ASICO LLC.
What are the key trends shaping the future of the ophthalmic surgical instruments market?
Major companies operating in the ophthalmic surgical instruments market are focusing on developing innovative solutions, such as bladeless technology, to enhance surgical procedures and improve patient outcomes. Bladeless technology refers to designs that eliminate rotating blades, using alternative mechanisms for tasks such as airflow or tissue removal, and improving safety and efficiency. For instance, in August 2022, Sight Sciences, a US-based medical technology company, launched the SION Surgical Instrument, designed to excise the trabecular meshwork and reduce intraocular pressure in glaucoma patients. This instrument boasts unique features, including a bladeless design for safe tissue excision, micro-engineered precision for smooth navigation around Schlemm’s canal, enhanced maneuverability within the eye’s anterior chamber, single-use sterility to reduce infection risks, and improved efficiency in tissue removal, positioning it as a key advancement in minimally invasive glaucoma surgery.
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Which regions are emerging as leaders in the ophthalmic surgical instruments market?
North America was the largest region in the ophthalmic surgical instruments market in 2024. The regions covered in the ophthalmic surgical instruments market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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