Ophthalmic Knives Market Outlook and Opportunities in Grooming Regions with Forecast 2025

Pune, India, March 2020, MRFR Press Release/- Market Research Future has published a Half-Cooked Research Report on the Global Ophthalmic Knives Market.

Market Highlights

According to MRFR analysis, Global Ophthalmic Knives Market is expected to register a CAGR of 4.9% during the forecast period of 2019 to 2025.  

The rising rates of blindness globally is encouraging researchers to come up with innovative surgical instruments for the treatment of ophthalmic diseases, including cataract. A cataract is expected to affect over 30.1 million Americans age 40 years and older by the year 2020. This rising prevalence of ophthalmic diseases is increasing the demand for ophthalmic knives, thus, driving the growth of this market.

Ophthalmic knives are fine blades that are used during ophthalmic surgeries. These are manufactured by using special alloys and have a low tolerance.

The increasing number of ophthalmic surgical procedures is rising the demand for ophthalmic knives. Thus, encouraging market players to launch single-use disposable ophthalmic knives of different sizes, shapes, and blade types. Thereby, it helps market players to enhance their product portfolio and strengthen their market position, which is expected to be a key driver for the growth of the ophthalmic knives market during the forecast period. Bausch Health Companies Inc.’s wholly-owned subsidiary, Bausch + Lomb, announced 26 new scientific analyses. These novel scientific presentations reveal the positive experiences of ophthalmic surgeons with Bausch + Lomb products, including their vision enhancement system and intraocular lens.

Regional Analysis

The market has been divided, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa.

Americas has been segmented into North America and Latin America, with the North American market being divided into the US and Canada. The Americas hold the largest market share owing to the presence of major market players, and rising awareness about ophthalmic diseases drives the market growth during the forecasted period.  

The European ophthalmic knives market has been categorized as Western Europe and Eastern Europe. The Western European market has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. The ophthalmic knives market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. Due to the rising geriatric population and the presence of a large patient pool, the market in Asia-Pacific is expected to be the fastest-growing. The ophthalmic knives market in the Middle East & Africa has been divided into the Middle East and Africa.

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Segmentation

The Global Ophthalmic Knives Market has been segmented based on product Type, Utility, Blade Type, Application, and End Users.

The market, based on product type, has been divided into crescent knives, slit knives, straight knives, MVR knives, and others.  The straight knives segment is likely to hold the maximum market share in the global ophthalmic knives market owing to advantages such as minimal cross-infection risks and affordability.

The global ophthalmic knives market on the basis of utility has been segregated into reusable and disposable.

By blade type, the market is divided into diamond, stainless steel, and others. The diamond knife is ideal for larger, high volume and well- established centers that are able to deal with the initial cost outlay including acquiring the necessary sterilization equipment.

On the basis of application, the global ophthalmic knives market has been segregated into cataract, keratitis, glaucoma, and others. The risk of cataract increases with each decade of life starting around age 40. By age 75, half of white Americans have a cataract. This increases the adoption of ophthalmic knives.

On the basis of end users, the global ophthalmic knives market has been segmented into hospitals, ambulatory surgical centers, and others. An increasing number of ophthalmic surgeries and improving healthcare facilities are driving the growth of the hospitals segment during the forecast period.

Key Players

Some of the Key Players in the Global Ophthalmic Knives Market are Dassault Systèmes (France), Certara USA, Inc. (US), Simulation Plus (US), Schrödinger (US), Chemical Computing Group (Canada), Physiomics (UK), In Silico Biosciences (US), Advanced Chemistry Development, Inc. (Canada), Genedata AG (Switzerland), Nuventra Pharma (US), Evidera (US), Leadinvent Technologies (India), LeadScope, Inc. (US), Rosa (US) and INOSIM Software GmbH (Germany).