Ophthalmic Knives Market Size, Share, Industry Trends and Forecast to 2030

Ophthalmic Knives Market Size & CAGR in 2021

The global ophthalmic knives market is anticipated to have a growth rate of 4.2% CAGR from 2021 to 2030. As a result, the market is expected to reach a value of USD 345.6 million by 2028.

COVID-19 Impact on the Ophthalmic Knives Market

The COVID-19 pandemic has had a significant impact on the ophthalmic knives market. With restrictions on elective surgeries and decreased patient visits to healthcare facilities, the demand for ophthalmic knives saw a decline in 2020. However, with the gradual easing of restrictions and the resumption of elective surgeries, the market is expected to rebound in the coming years.

Ophthalmic Knives Dynamics

The ophthalmic knives market is driven by factors such as the increasing prevalence of ophthalmic disorders, advancements in ophthalmic surgical procedures, and rising geriatric population. Additionally, the growing adoption of minimally invasive surgeries and technological innovations in ophthalmology are contributing to the market growth.

Segments and Related Analysis

The ophthalmic knives market can be segmented based on product type, blade type, material, end-user, and region. Product types include crescent knives, lance tip knives, and others. Blade types consist of diamond knives, stainless steel knives, and others. Materials used include stainless steel, diamond, and others. End-users include hospitals, ambulatory surgical centers, and specialty clinics.

By Region Analysis

The ophthalmic knives market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to dominate the market due to the presence of advanced healthcare infrastructure and high adoption of ophthalmic surgical procedures. Asia Pacific is anticipated to witness significant growth owing to the increasing prevalence of ophthalmic disorders and improving healthcare facilities.

Key Market Players and Competitive Landscape

Some of the key players in the ophthalmic knives market include Alcon, Bausch + Lomb, Diamatrix, Kai Industries, Sharpoint, and Surgitrac Instruments. These companies are focusing on product launches, partnerships, and acquisitions to strengthen their market position and expand their product portfolios.

Recent Happenings in the Ophthalmic Knives Market

- In July 2021, Alcon announced the launch of its new line of ophthalmic knives with enhanced precision and safety features. - In September 2021, Bausch + Lomb introduced a range of disposable ophthalmic knives for cataract surgery to improve surgical outcomes. - In November 2021, Diamatrix collaborated with a leading ophthalmic surgical center to develop customized ophthalmic knives for specific surgical procedures.