|Ophthalmic Surgical Instruments Market Worldwide Industry Analysis by Size|
Ophthalmic surgical instruments are used in the diagnosis and treatment of eye diseases. As the geriatric population is rising, awareness regarding eye diseases has also increased. Moreover, developing countries are also adopting ophthalmic surgical instruments. These factors create numerous opportunities for market players.
Increasing geriatric population
According to the World Health Organization (WHO), the geriatric population will double by 2050, reaching over 1.3 billion people. This group, which largely consists of the elderly, is the target market for ophthalmic surgical instruments. Also, the increasing prevalence of age-related diseases such as cataracts and macular degeneration is expected to fuel growth. As a result, the demand for these devices will increase significantly.
Major market participants in the ophthalmic surgical instruments market include Carl Zeiss Meditec, Lumenis, Staar Surgical, Ellex Medical Lasers, Quantel Medical, and Alcon. Company profiles include business overviews and financial data. These profiles are highly customizable based on client preferences and requirements.
Increasing awareness about eye-related illnesses
In the 21st century, public awareness about eye-related diseases and conditions is growing. In addition to increased public education about eye health, the healthcare industry is becoming more vibrant, aiming to prevent disease and encourage timely treatment. However, despite increased public awareness, eye health has not received the public attention it deserves. This is particularly true of eye diseases, where delayed detection and a high incidence of chronic conditions may lead to serious consequences.
Researchers conducted a survey to measure awareness about common eye diseases. The questionnaire included demographic and socio-demographic data, and tested people’s knowledge of four common ocular diseases. Participants were asked to describe each disease and mention its symptoms, and they were also asked to identify any risk factors associated with each disease.
Increasing adoption of ophthalmic surgical instruments in developing countries
The ophthalmic surgical instruments market is expected to grow at a steady pace in Latin America during the forecast period. The growing geriatric population, growing investments in health care innovation, and changing lifestyles in this region are driving growth. Leading players in the market include Carl Zeiss Meditec, Bausch + Lomb, Zimer Ophthalmic Systems, Johnson & Johnson, and Topcon.
The Ophthalmic Surgical Instruments market is segmented based on the product type, application, and region. The report provides a comprehensive overview of the industry and analyzes various factors that drive the growth of the market. It also provides a detailed analysis of the various types of instruments and their applications.
Opportunities for players
The global ophthalmic surgical instruments market is segmented into various segments. A comprehensive study of the industry will highlight the various trends and opportunities for players, based on various metrics. This research is organized based on regional coverage, production price trends, and manufacturing costs, among others.
The global ophthalmic surgical instruments market is highly competitive, with several leading companies in the industry. Moreover, these players are constantly coming up with new products to strengthen their market position. Furthermore, these companies receive timely regulatory approvals, which encourages innovation. For instance, in August 2019, New World Medical launched Ahmed ClearPath drainage tool, which comprises a flexible plate and anteriorly placed suture fixation points. This device provides surgeons with superior precision and ease of use, and will enhance the surgical experience.