The Global Ophthalmic Handheld Surgical Instruments Market size is expected to reach $3.2 billion by 2030, rising at a market growth of 4.6% CAGR during the forecast period.
The rising prevalence of ophthalmic conditions such as cataracts, glaucoma, and retinal disorders contributes to the growing demand for ophthalmic surgeries. As eye surgeries increase, the need for specialized instruments like ophthalmic scissors also rises. Consequently, the scissor segment would acquire nearly 10% of the total market share by 2030. Scissors are meticulously designed to meet the precision demands of eye surgeries. These specialized ophthalmic scissors feature slender blades with sharp, fine tips, allowing surgeons to make controlled and accurate incisions in delicate eye tissues. These aspects will pose lucrative growth prospects for the segment. Some of the factors impacting the market are rising incidence of eye disorders, increasing awareness and access to eye care and lack of skilled healthcare professionals.
As individuals age, they are more prone to conditions such as cataracts, glaucoma, and age-related macular degeneration (AMD). A prevalent age-related ocular condition, cataracts manifest as cloudiness in the eye's lens, resulting in visual impairment. Surgical removal of cataracts is a common procedure, and handheld surgical instruments are crucial for precise and effective surgeries. An increased consciousness regarding ocular well-being and the accessibility of sophisticated surgical interventions motivates individuals to initiate medical intervention for eye disorders in their nascent stages. Early detection and intervention often involve surgical procedures, driving the demand for these instruments. These factors will drive the demand in the market. Additionally, Increased awareness about the importance of eye health prompts individuals to pay more attention to their vision and seek regular eye check-ups. Public health campaigns, educational programs, and information dissemination contribute to raising awareness about common eye conditions, symptoms, and the significance of early detection. Moreover, the increased availability of eye care facilities in urban and rural areas ensures that a larger population can access timely and appropriate eye care. These factors will pose lucrative prospects for the market.
However, Ophthalmic surgeries involve delicate procedures that require specialized skills and expertise. Surgeons need comprehensive training to handle advanced handheld instruments effectively. In some regions, there may be a shortage of formal training programs for ophthalmic surgeons, limiting the number of professionals acquiring the necessary skills to use advanced instruments. In addition, adopting advanced handheld instruments often requires ophthalmic surgeons to familiarize themselves with new technologies. The learning curve associated with these technologies may deter some professionals from incorporating them into their practice. Therefore, these aspects can restrain the demand in the market.
Moreover, the pandemic led to disruptions in manufacturing activities and supply chains across the globe. Lockdowns, restrictions, and disruptions in transportation affected the production and timely delivery of these instruments. Moreover, the slowdown in elective surgeries and the disruption in the supply chain affected the revenues of companies operating in the market. Many manufacturers experienced declining sales and financial challenges during the pandemic's peak. Therefore, the COVID-19 pandemic negatively impacted the market.
Based on product, the market is segmented into forceps, scissor, chopper, ophthalmic knives, rapid immunotherapies, and others. The forceps segment attained a significant revenue share in the market. Forceps play a crucial role in ensuring surgical precision during ophthalmic procedures. Their design allows surgeons to delicately handle tissues, making them indispensable for suturing, tissue manipulation, and grasping small structures within the eye. Therefore, the segment will expand rapidly in the coming years.
On the basis of end-use, the market is divided into hospitals, ophthalmic clinics, and others. In 2022, the ophthalmic clinics segment witnessed a substantial revenue share in the market. Ophthalmic clinics are witnessing a surge in surgical procedures, including cataract surgeries, refractive surgeries, and retinal surgeries. The need for specialized handheld instruments to support these surgical interventions is growing, leading to increased adoption in ophthalmic clinics. Owing to these factors, there will be increased demand in the segment.
| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 2.3 Billion |
| Market size forecast in 2030 | USD 3.2 Billion |
| Base Year | 2022 |
| Historical Period | 2019 to 2021 |
| Forecast Period | 2023 to 2030 |
| Revenue Growth Rate | CAGR of 4.6% from 2023 to 2030 |
| Number of Pages | 220 |
| Number of Table | 290 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Product, End-use, Region |
| Country scope |
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| Companies Included | Metall Zug AG (Haag-Streit AG), Surgical Holdings, Ziemer Ophthalmic Systems AG, Topcon Corporation, Carl Zeiss Meditec AG, Johnson & Johnson (Johnson & Johnson Vision Care, Inc.), Bausch + Lomb Corporation (Bausch Health Companies, Inc.), Alcon, Inc., Appasamy Associates Private Limited and INKA Surgical Instruments |
| Growth Drivers |
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| Restraints |
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By region, the market is segmented into North America, Europe, Asia Pacific, and LAMEA. The North America segment procured the highest revenue share in the market in 2022. Ongoing advancements in surgical technologies, including handheld instruments, can drive market growth. Surgeons in North America may adopt innovative instruments that offer improved precision, efficiency, and patient outcomes. North America, particularly the United States and Canada, has well-developed healthcare infrastructure and facilities. Therefore, the segment will help in the expansion of the segment.
Free Valuable Insights: Global Ophthalmic Handheld Surgical Instruments Market size to reach USD 3.2 Billion by 2030
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Metall Zug AG (Haag-Streit AG), Surgical Holdings, Ziemer Ophthalmic Systems AG, Topcon Corporation, Carl Zeiss Meditec AG, Johnson & Johnson (Johnson & Johnson Vision Care, Inc.), Bausch + Lomb Corporation (Bausch Health Companies, Inc.), Alcon, Inc., Appasamy Associates Private Limited and INKA Surgical Instruments
By End-use
By Product
By Geography
This Market size is expected to reach $3.2 billion by 2030.
Rising incidence of eye disorders are driving the Market in coming years, however, Lack of skilled healthcare professionals restraints the growth of the Market.
Metall Zug AG (Haag-Streit AG), Surgical Holdings, Ziemer Ophthalmic Systems AG, Topcon Corporation, Carl Zeiss Meditec AG, Johnson & Johnson (Johnson & Johnson Vision Care, Inc.), Bausch + Lomb Corporation (Bausch Health Companies, Inc.), Alcon, Inc., Appasamy Associates Private Limited and INKA Surgical Instruments
The expected CAGR of this Market is 4.6% from 2023 to 2030.
The Hospitals segment led the Market by End-use in 2022; thereby, achieving a market value of $1.9 Billion by 2030.
The North America region dominated the Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1.1 Billion by 2030.
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