The global ophthalmic handheld surgical instruments market size is anticipated to reach USD 3.0 billion by 2027 registering a CAGR of 4.8%, according to a new report by Grand View Research, Inc. Rising prevalence of ocular disorders, such as glaucoma, cataract, and refractive errors, and high adoption of advanced surgical instruments are the factors expected to drive the market growth. Increasing patient preference for treatment methods that provide long-term and immediate relief from symptoms is one of the primary factors driving the market. In addition, the presence of several initiatives undertaken by various governments and NGOs to conduct awareness programs and surgical outreach camps is anticipated to aid market growth.
Increasing
preference for minimally invasive surgical options and rapid technological
advancements are expected to replace traditional surgical techniques. The
growing popularity of ambulatory surgery centers and patient preference for a
minimal hospital stay are also expected to boost the demand for advanced
handheld surgical tools during the forecast period. Obsolete technologies due
to high competition and shortage of ophthalmic surgeons globally are some of
the factors anticipated to hinder the market growth. The shortage of ophthalmic
surgeons means longer wait times, which results in high demand for alternative
treatment methods over ocular surgeries.
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Ophthalmic
Handheld Surgical Instruments Market Report Highlights
- The ophthalmic
knives product segment will account for the largest revenue share of
the market by 2027
- However,
ophthalmic knives are expected to be gradually replaced by advanced laser
cutting systems
- The scissors
segment is anticipated to register the fastest CAGR during the forecast
period
- The hospital
end-use segment captured the largest market share in 2019 and is expected
to grow at a significant CAGR over the forecast period
- This growth
can be attributed to the factors, such as large patient pool and
availability of technologically advanced instruments & skilled
professionals, in hospitals
- North America
held the largest market share as the U.S. is one of the majorsuppliers of
ophthalmic handheld surgical instruments globally
- Asia Pacific
is expected to be the fastest-growing regional market over the forecast
period due to rising product demand in countries, such as China, India,
and Japan
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Ophthalmic
Handheld Surgical Instruments Market Segmentation
Grand View Research has
segmented the global ophthalmic handheld surgical instruments market on the
basis of product, end use, and region:
Ophthalmic
Handheld Surgical Instruments Product Outlook (Revenue, USD Million, 2016 -
2027)
- Forceps
- Scissor
- Chopper
- Ophthalmic Knives
- Cannula
- Others
Ophthalmic
Handheld Surgical Instruments End-use Outlook (Revenue, USD Million, 2016 -
2027)
- Hospital
- Ophthalmic Clinic
- Others
Ophthalmic
Handheld Surgical Instruments Regional Outlook (Revenue, USD Million, 2016 -
2027)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Italy
- Spain
- Asia Pacific
- Japan
- China
- India
- South Korea
- Thailand
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
List of Key
Players of Ophthalmic Handheld Surgical Instruments Market
- BVI
- Accutome, Inc.
- Katena Products, Inc.
- Haag-Streit Group
- Appasamy Associates
- Millennium Surgical Corp.
- Asico, LLC.
- Katalyst Surgical
- Inka Surgical Instruments
- Surgical Holdings
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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