The ophthalmic surgical instruments market is segmented into femtosecond lasers, excimer lasers, other lasers, and refractive surgery instruments & kits. The femtosecond lasers segment accounted for the major share of the refractive surgery devices market and is also expected to register the highest CAGR during the forecast period. The large share and high growth of this segment is attributed to its benefits such as lower incidence of dry eyes, less induced aberrations, greater safety, faster uncorrected visual acuity recovery, less intraocular pressure (IOP) variation in the femtosecond-created flap, and growing number of femtosecond laser-assisted surgeries being performed across the globe.
What the Market Looks Like?
The global Ophthalmic surgical instruments market is projected to reach USD 11.18 Billion by 2022 from USD 8.36 Billion in 2017, at a CAGR of 6.0%. Growth in this market is attributed to the rapid growth in the geriatric population, increasing number of ophthalmic surgeries owing to the rising prevalence of eye diseases, technological advancement in ophthalmic surgical instruments, and government initiatives to increase awareness about visual impairment across the globe.
Based on product, the ophthalmology surgical instruments market is segmented into cataract surgery devices, vitreoretinal surgery devices, refractive surgery devices, glaucoma surgery devices, ophthalmic microscopes, and accessories. The cataract surgery devices segment accounted for the major share of the global ophthalmic surgical instruments market. The large share of this segment can primarily be attributed to the growing number of cataract surgeries across the globe. Glaucoma surgery devices segment is expected to register the highest growth during the forecast period. The high growth of this segment is attributed to the rising prevalence of glaucoma and technological advancements in the glaucoma surgical devices throughout the world.
Download PDF Brochure:- https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=11819932
What Drives the Market?
The growth of the global market for Ophthalmic Surgical Instruments is primarily influenced by the following factors:
- Rising Prevalence of Eye Diseases
- Technological Advancements in Ophthalmic Surgical Instruments
- Increasing Government Initiatives to Control Visual Impairment
North America accounted for the largest share of the ophthalmology surgical instruments market in 2016, followed by Europe. The large share of this region is attributed to rising prevalence of ocular disorders owing to growing geriatric population in North America, increase in healthcare expenditure, technological advancements in instruments & devices used for minimally invasive surgeries, and increasing regulatory approvals.
Speak to Analyst for more Details: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=11819932
The ophthalmic surgical instruments market is segmented into femtosecond lasers, excimer lasers, other lasers, and refractive surgery instruments & kits.
The femtosecond lasers segment accounted for the major share of the refractive surgery devices market and is also expected to register the highest CAGR during the forecast period.
The large share and high growth of this segment is attributed to its benefits such as lower incidence of dry eyes, less induced aberrations, greater safety, faster uncorrected visual acuity recovery, less intraocular pressure (IOP) variation in the femtosecond-created flap, and growing number of femtosecond laser-assisted surgeries being performed across the globe.What the Market Looks Like?The global Ophthalmic surgical instruments market is projected to reach USD 11.18 Billion by 2022 from USD 8.36 Billion in 2017, at a CAGR of 6.0%.Based on product, the ophthalmology surgical instruments market is segmented into cataract surgery devices, vitreoretinal surgery devices, refractive surgery devices, glaucoma surgery devices, ophthalmic microscopes, and accessories.
The cataract surgery devices segment accounted for the major share of the global ophthalmic surgical instruments market.
The large share of this segment can primarily be attributed to the growing number of cataract surgeries across the globe.
Glaucoma surgery devices segment is expected to register the highest growth during the forecast period.
The ophthalmic surgical instruments market size is expected to reach USD 15.02 billion by 2028 according to a new study by Polaris Market Research.
The report “Ophthalmic Surgical Instruments Market Share, Size, Trends, Industry Analysis Report, By Product; By Application (Cataract Surgery, Glaucoma Surgery, Refractive Surgery, Vitreoretinal Surgery, Others); By End-Use (Hospitals, Clinics, Ambulatory Surgery Centers); By Regions; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.The different types of ophthalmic surgical instruments include microscopes, illumination devices, phacoemulsification instruments, lasers, intraocular lenses, shunts & related drainage devices, viscoelastic devices, and surgical accessories.
Operating microscopes are widely used for providing detailed imaging during surgery.The microscopes are equipped with advanced optics and illumination for high-quality imaging at lower light intensities to offer superior precision.
Market players are introducing advanced microscopes integrated with technologies such as intraocular lens positioning guidance, optical coherence tomography, and 3D display to offer enhanced services to customers.Get Sample PDF @ https://www.polarismarketresearch.com/industry-analysis/ophthalmic-surgical-instruments-market/request-for-sample Ophthalmic surgical instruments are used in hospitals, clinics, ambulatory surgery centers, and others.
The hospital segment accounted for the highest share in 2019.
Availability of advanced equipment and financial funds, and the introduction of medical schemes have increased the adoption of ophthalmic surgical instruments in hospitals.North American market dominated the global ophthalmic surgical instruments industry in 2020 and is expected to maintain its dominance over the forecast period.
