A recent report published by Infinium Global Research on ophthalmic knives market provides an in-depth analysis of segments and sub-segments in the global as well as regional ophthalmic knives market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional ophthalmic knives market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global ophthalmic knives market. According to the report, the global ophthalmic knives market is projected to grow at a healthy CAGR over the forecast period of 2019-2025.
Ophthalmic knives are fine blades designed for performing deep, fine and precision cuts during ophthalmic surgeries to reduce the surgical impression. Ophthalmic knives are mainly used for the treatment of diseases like glaucoma and cataract. The global ophthalmic knives market is expected to grow at a success rate over the forecast period.
The increasing occurrence of ophthalmic disorders, diabetic retinopathy, and other eye surgical cases are the major factors driving the growth of the global ophthalmic knives market. Also, the increase in the geriatric population is another reason that is fueling the growth of the market. Moreover, the rise in the incidence of ophthalmic diseases, such as cataracts, keratosis, and others are the driving factors for the market growth. According to the World Health Organization, over 51% of blindness in the eastern Mediterranean region is mainly due to cataract. Moreover, the growing number of the ophthalmic surgical process also plays a key role in the growth of the ophthalmic knives market across the globe. Though, an increase in the high cost of ophthalmic knives may restrain the market growth during the forecast period. Training initiatives for surgeons and healthcare providers to improve abilities creates an opportunity for the growth of the market in the upcoming years.
The report on the ophthalmic knives market is segmented regionally into North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, and Middle East & Africa. Among all, North America is leading the global ophthalmic knives market due to an increase in healthcare expenditure. The increasing number of Ambulatory surgery centers also plays a key role in the growth of the ophthalmic knives market in this region. Moreover, Asia-Pacific is projected to grow at a rapid pace during the forecast period. Growth in healthcare centers is one of the key factors for the growth of the market in this region. The Middle East and Africa ophthalmic knives market are anticipated to be dominated by the Gulf nations of Saudi Arabia, Qatar, Kuwait, and UAE. The poor healthcare costs of Africa and the lesser adoption of medical devices in the region are some factors hampering the market growth. Thus, low-tech devices hold a top-heavy share of the Middle East and Africa ophthalmic knives market.
The report on global ophthalmic knives market covers segments such as product type, usage, blade type, application, and end user. On the basis of product type, the sub-markets include slit knives, MVR knives, crescent knives, stab knives, and other product types. On the basis of usage, the sub-markets include reusable, and disposable. On the basis of blade type, the sub-markets include diamond, stainless steel, and blade types. On the basis of application, the sub-markets include cataract, glaucoma, endothelial, keratoplasty, and other application. On the basis of end user, the sub-markets include hospitals, specialized clinics, and other end user.
The report provides profiles of the companies in the market such as Unique Technologies Inc., Paramount Surgimed Ltd., Optiedge, Diamatrix Ltd., Ophtechnics Unlimited, Bausch & Lomb Incorporated, Surgistar, Sidapharm, Novartis AG, Alcon Inc., and Other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of ophthalmic knives market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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