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 high growth of this segment is attributed to the rising prevalence of
glaucoma and technological advancements in the glaucoma surgical devices
throughout the world.
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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.
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Top Key
Players: -
The prominent players in the global
ophthalmic surgical instruments market are Alcon (Switzerland), Carl Zeiss
Meditec (Germany), Johnson & Johnson Vision Care (US), Hoya Corporation
(Japan), Bausch + Lomb (US), NIDEK (Japan), Topcon Corporation (Japan), Ellex
Medical Lasers (Australia), IRIDEX Corporation (US), Lumenis (Israel), STAAR
Surgical Company (US), and Ziemer Ophthalmic Systems (Switzerland).
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