Ophthalmic Microsurgical Device Market size shall reach a value of $3.8 Billion in 2031, growing with a CAGR of 11.3% during the forecast period of 2021 to 2031.
The worldwide ophthalmic microsurgical instrument market is said to expand rapidly shortly. The market is experiencing an increase in the number of senior patients, & also an increase in chronic diseases and microscopy innovation. Soon, these factors are likely to generate significant expansion in the ophthalmic microsurgical tools market.
Microsurgeries are carried out using microscopes. These are required for examining tiny blood arteries, nerves, and tubes. These operations are becoming more common as a result of shifting lifestyle views and growing disposable incomes in new locations. Because of innovation and new prospects, the future is bright for new players in the worldwide ophthalmic microsurgical tools market.
In hospitals or other specialized clinics, ophthalmic equipment is required in the diagnosis & treatment of eye-related disorders such as peripheral vitreoretinal disease, vision loss due to age, refractive eye condition, glaucoma therapy, cataract procedures, and others. A growing number of businesses are developing and launching ophthalmic devices for further refinements, such as clear visibility utilizing ophthalmic microscopes & other equipment used in glaucoma and cataract procedures.
Key Trends & Drivers
The aging population and rising prevalence of chronic diseases such as diabetes and hypertension are the primary drivers of the ophthalmic microsurgical instrument market. The market is flourishing by demand for ophthalmic equipment worldwide, increasing the need for precise disease treatment. With the increasing incidence of diabetes, the number of instances of age-related macular degeneration (AMD) is rising, creating an opportunity for the ophthalmic microsurgical instrument market. A large population base in emerging nations worldwide provides an opportunity for the ophthalmic microsurgical industry.
The ophthalmic microsurgical market has significant challenges due to a lack of knowledge and access to eye care in low-income nations. The high costs of ophthalmology devices, on the other hand, would be the primary restriction in the growth of the ophthalmic microsurgical market during the projected period of 2021-2031.
Top Companies
ZEISS International, Leica Microsystem, Johnson & Johnson Services, Inc., Quantel Medical, Bausch Health Companies Inc., NIDEK CO., LTD., Novartis AG, Ellex Medical Lasers Ltd., Ziemer Ophthalmic Systems, HOYA Corporation, Lumenis, STAAR SURGICAL, IRIDEX Corporation, TOPCON CORPORATION, Takagi Ophthalmic Instruments are the major players covered in the ophthalmic microsurgical instruments market.
Regional Assessment
The countries covered in the ophthalmic microsurgical instruments market report are the United States, Canada, and Mexico in North America, Germany, France, the United Kingdom, the Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, and the Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, and the Philippines, and the Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC). The ophthalmic microsurgical instruments market is likely to be led by North America. The rising prevalence of ocular diseases due to North Americas expanding elderly population, increased healthcare spending, technical developments in equipment and technologies used for minimally invasive operations, and increasing regulatory approvals have fueled the regional market. The main element driving the regional markets growth is a rising market with new players.
Report Highlights
• Historical data available (as per request)
• Estimation/projection/forecast for revenue and unit sales (2021-2031)
• Data breakdown for every market segment (2021-2031)
• Gross breakdown for every market segment (2021-2031)
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry and Revenue Segmentation
Application Analysis (Revenue, USD Million, 2020-2031)
• Cataract
• Refractive
• Glaucoma
• Vitreoretinal
• Diabetic
• Retinopathy
• Others
End User Analysis (Revenue, USD Million, 2020-2031)
• Hospitals
• Specialty Clinics
• Ambulatory Surgery Centers
• Others
Key Company Analysis (Revenue, USD Million, 2020-2031)
• ZEISS International
• Leica Microsystem
• Johnson & Johnson Services Inc.
• Quantel Medical
• Bausch Health Companies Inc.
• NIDEK CO. LTD.
• Novartis AG
• Ellex Medical Lasers Ltd.
• Ziemer Ophthalmic Systems
• HOYA Corporation
• Lumenis
• STAAR SURGICAL
• IRIDEX Corporation
• TOPCON Corporation
• Takagi Ophthalmic Instruments Europe Ltd.
• ACB MOLTENO
• Medical Technical Products
• IVIS Technologies
• Aurolab
• Inami & Co. Ltd.
• Others
Regional Analysis (Revenue, USD Million, 2020 – 2031)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United kingdom
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• UAE
• Qatar
• Saudi Arabia
• Japan
• Africa
• Rest of the world
Available Versions:
• United States Ophthalmic Microsurgical Instrument Industry Research Report
• Europe Ophthalmic Microsurgical Instrument Industry Research Report
• Asia Ophthalmic Microsurgical Instrument Industry Research Report
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