Single Use Ophthalmic Surgical Devices Market - Forecast(2024 - 2030)
Single Use Ophthalmic Surgical Devices Market Overview
Single Use Ophthalmic Surgical Devices Market size is estimated to reach $5,200 million by 2026, growing at a CAGR of 6.5% over 2021-2026. Single use ophthalmic surgical devices are the kind of products that are used in the process of surgery single time. Single use ophthalmic surgical instruments provide safety and are used in various ophthalmic indication such as diabetic retinopathy, cataract surgery, etc. Ophthalmic viscosurgical devices are mostly used in cataract surgical procedure and helps to make this procedure successful and are also available in prefilled syringes. Prefilled Syringes are used to reduce the dosing errors that helps patients to get exact dose. Rising prevalence of cataract and rising advancement in technology is the major factors driving the growth of this market. Furthermore, rising geriatric population and increasing research and development activities is set to further enhance the overall market demand for Single Use Ophthalmic Surgical Devices Market for the period 2021-2026.
Report Coverage
The report: “Single Use Ophthalmic Surgical Devices Market Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Single Use Ophthalmic Surgical Devices Market.
By Product: Forceps, Nuclear Rotators and Choppers, Knives, Curettes, Ophthalmic Viscosurgical devices, and Others
By Application: Diabetic Retinopathy, Cataract Surgery, Glaucoma Surgery, Corneal Surgery, Vitreoretinal Surgery, and Others
By End-Use Industry: Hospitals, Ambulatory Surgical Centers (ASCs), and Others
By Geography: North America (U.S., Canada, Mexico), Europe (U.K, Germany, Italy, France, Spain, Russia, Rest of Europe), Asia Pacific (China, Australia, Japan, South Korea, India, Rest of Asia Pacific) South America (Brazil, Argentina, Others) and Rest of the World (Middle East, Africa)
Key Takeaways
- Geographically, in 2020, North America dominated the Single Use Ophthalmic Surgical Devices Market owing to increasing adoption of advanced technology and rising number of cataract patients.
- Rising prevalence of cataract and rising advancement in technology are likely to aid in the market growth of the Single Use Ophthalmic Surgical Devices.
- Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Single Use Ophthalmic Surgical Devices Market report.
- High price and low adoption rate is set to create hurdles for the Single Use Ophthalmic Surgical Devices Market.
Single-Use Ophthalmic Surgical Devices Segment Analysis – By Product
The global Single-Use Ophthalmic Surgical Devices Market based on Product can be further segmented into Forceps, Nuclear Rotators and Choppers, Knives, Curettes, Ophthalmic Viscosurgical devices, and Others. The Forceps segment is the major segment generating revenue in 2020. This is owing to the easy accessibility and affordability of forceps. The Nuclear Rotators and Choppers segment is estimated to register the fastest CAGR of 3.8% for the period 2021-2026. This is owing to choppers is designed in such a way that they provide complete control to surgeons.
Single-Use Ophthalmic Surgical Devices Market Size, By Product 2020-2026 (USD Million)
Single Use Ophthalmic Surgical Devices Segment Analysis – By Application
The global Single Use Ophthalmic Surgical Devices Market based on Application can be further segmented into Diabetic Retinopathy, Cataract Surgery, Glaucoma Surgery, Corneal Surgery, Vitreoretinal Surgery, and Others. The Cataract Surgery segment registers for the highest Single-Use Ophthalmic Surgical Devices market share in 2020. According to World Health Organization in 2019, about 2.2 billion people are suffering from vision impairment that increases the growth of this segment. The Diabetic Retinopathy segment is estimated to register the fastest CAGR of 2.7% over 2021-2026. This is owing to the increasing prevalence of diabetic-related ophthalmic diseases which increases the growth of this segment.
Single-Use Ophthalmic Surgical Devices Segment Analysis – By Geography
North America dominated the Single-Use Ophthalmic Surgical Devices Market with major share of 40% in 2020. This is owing to increasing adoption of advanced technology and the rising number of cataract patients. According to National Eye Institution, about 24.4 million Americans are suffering from cataract in 2020 which increases the demand of cataract surgeries and are contributing to the rise in market growth.
However, Asia-Pacific is estimated to outpace all the regions by clocking the highest CAGR of 25% during the forecast period 2021-2026 owing to the rising healthcare facilities and improving innovative technologies.
Single Use Ophthalmic Surgical Devices Market Drivers
Rising Prevalence of Cataract
Growing prevalence of cataract and growing number of geriatric population increases the growth of the Single Use Ophthalmic Surgical Devices Market. According to World Health Organization (WHO), aging is the reason for the development of eye diseases and conditions and about 2.1 billion people above 60 year have cataract that increasing the growth of the Single Use Ophthalmic Surgical Devices Market over 2021-2026.
Rising Advancement in Technology
Growing technological advancement and developing innovative procedures are increasing the growth of the Single Use Ophthalmic Surgical Devices Market. Moreover, various procedures are increasing in ophthalmic surgery that increase the growth of Single Use Ophthalmic Surgical Devices Market over 2021-2026.
Covid Impact:
COVID-19 Pandemic has greatly affected the Single Use Ophthalmic Surgical Devices Market. During Pandemic, there are lockdowns, flight cancellations, and isolation, closure of restaurants, ban on all indoor events which are largely affected the manufacturers of this industry and that are negatively affected the growth of Single Use Ophthalmic Surgical Devices Market.
Single Use Ophthalmic Surgical Devices Market Challenges
High price of Ophthalmic Surgical Devices
The factors that are set to impede the growth of the Single Use Ophthalmic Surgical Devices Market is the high price of devices. Moreover, low production rate and limited availability of product are set to create hurdles for the Single Use Ophthalmic Surgical Devices Market.
Single Use Ophthalmic Surgical Devices Market Landscape
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Single Use Ophthalmic Surgical Devices Market. Single Use Ophthalmic Surgical Devices top 10 companies include, BLINK MEDICAL, Stephen Instruments, Surgitrac Instruments UK Limited, Sterimedix Ltd, Accutome Inc., Alcon Vision LLC, Rumex International Co., and BAUSCH & LOMB INCORPORATED
Acquisitions/Product Launches
- In December 2019, Johnson & Johnson launches TECNIS Toric II lens for the cataract patients that is approved by Food and Drug Administration (F.D.A.)
- In August 2019, New World Medical launches its brand new glaucoma drainage tool. The device consists of a flexible plate designed to align with the curvature of the eye and anteriorly placed suture fixation points for efficient drainage.
Relevant Reports:
Report Code: HCR 47895
Report Code: HCR 96781
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1. Single Use Ophthalmic Surgical Devices Market Overview
1.1Definitions and Scope
2. Single Use Ophthalmic Surgical Devices Market Executive Summary
2.1 Market Size and Key Trends
2.2 Key trends by Product
2.3 Key trends by Application
2.4 Key trends by End-Use Industry
2.5 Key trends by Geography
3. Single Use Ophthalmic Surgical Devices Market Landscape
3.1 Market Share Analysis- Key Companies
3.2 Product Benchmarking- Key Companies
3.3 Financial Analysis - Key Companies
3.4 Patent Analysis
3.5 Pricing Analysis
4. Single Use Ophthalmic Surgical Devices Market- Startup companies Scenario Premium Premium
4.1Key startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Application Analysis
4.1.4 Venture Capital and Funding Scenario
5. Single Use Ophthalmic Surgical Devices Market- Industry Market Entry Scenario Premium Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case Studies of successful ventures
6. Single Use Ophthalmic Surgical Devices Market Forces
6.1 Market Drivers
6.2 Market Constraints/Challenges
6.3 Porters Five Force Model
6.3.1 Bargaining Power of Suppliers
6.3.2 Bargaining Powers of Customers
6.3.3 Threat of New Entrants
6.3.4 Rivalry Among Existing Players
6.3.5 Threat of Substitutes
7. Single Use Ophthalmic Surgical Devices Market Strategic Analysis
7.1 Value Chain Analysis
7.2 Opportunities Analysis
7.3 Market Life Cycle
8. Single Use Ophthalmic Surgical Devices Market– By Product (Market Size -$Million/$Billion)
8.1 Forceps
8.2 Nuclear Rotators and Choppers
8.3 Knives
8.4 Curettes
8.5 Ophthalmic Viscosurgical Devices
8.6 Others
9. Single Use Ophthalmic Surgical Devices Market – By Application (Market Size -$Million/$Billion)
9.1 Diabetic Retinopathy
9.2 Cataract Surgery
9.3 Glaucoma Surgery
9.4 Corneal Surgery
9.5 Vitreoretinal Surgery
9.6 Others
10. Single Use Ophthalmic Surgical Devices Market – By End-Use Industry (Market Size -$Million/$Billion)
10.1 Hospitals
10.2 Ambulatory Surgical Centers (ASCs)
10.3 Others
11. Single Use Ophthalmic Surgical Devices Market- By Geography (Market Size -$Million/$Billion)
11.1 North America
11.1.1 U.S.
11.1.2 Canada
11.1.3 Mexico
11.2 South America
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Others
11.3 Europe
11.3.1 U.K.
11.3.2 Germany
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Russia
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 China
11.4.2 Australia
11.4.3 Japan
11.4.4 South Korea
11.4.5 India
11.4.6 Rest of Asia-Pacific
11.5 Rest of the World
11.5.1 Middle East
11.5.2 Africa
12. Single Use Ophthalmic Surgical Devices Market Entropy
13. Single Use Ophthalmic Surgical Devices Market- Industry / Segment Competition landscape Premium Premium
13.1 Market Share Analysis
13.1.1 Market Share by Country- Key companies
13.1.2 Market Share by Region- Key companies
13.1.3 Market Share at Global Level- Key companies
13.1.4 Best Practices for Companies
14. Single Use Ophthalmic Surgical Devices Market- Key Company List by Country Premium Premium
15. Single Use Ophthalmic Surgical Devices Market Company Analysis
15.1 Company Revenue, Products, M&A, Developments
15.2 Company 1
15.3 Company 2
15.4 Company 3
15.5 Company 4
15.6 Company 5
15.7 Company 6
15.8 Company 7
15.9 Company 8
15.10 Company 9
15.11 Company 10
"*Financials for private companies would be provided on a best efforts basis”.