Ophthalmic Knives Market To Reach $2.83 Billion By 2030

Ophthalmic Knives Market Growth & Trends

The global ophthalmic knives market size is expected to reach USD 2.83 billion in 2030 and is projected to grow at a CAGR of 3.8% from 2024 to 2030. Introduction of advanced knives and rising incidence of age related ophthalmic diseases are some of the major factors driving the growth.

Increasing overall life expectancy and rising geriatric population is expected to cause steep increase in age related ophthalmic disorders. Along with these, incidence of lifestyle associated ophthalmic devices including myopia and hypermetropia are expected showcase significant growth during the forecast period. Most of these ophthalmic conditions cannot be treated by drugs. Increasing number of ophthalmic surgeries are expected to boost the market during forecast period.

High competition and introduction of local players are the factors encouraging market players to introduce advanced knives at affordable prices. Major players are focusing on developing innovative manufacturing techniques along with advanced raw materials to reduce the device price.

Incorporation of new reimbursement policies in developed countries along with growing efforts of non-profit organizations to increase awareness about ophthalmic conditions and to provide affordable/free ophthalmic procedures in rural regions are the factors expected to boost the number of ophthalmic surgeries.

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Ophthalmic Knives Market Report Highlights

• North America captured the largest ophthalmic knife industry share in 2023 owing to favorable reimbursement policies, presence of major market players, and rise in geriatric population

• Straight knives segment dominated ophthalmic knives market with a revenue share of 27.3% in 2023. An increasing number of ophthalmic diseases and surgeries drives the growth.

• Hospitals dominated the global ophthalmic knives market in 2023. The rising cases of eye-related disorders, better healthcare infrastructure, and rising disposable income levels are the key growth factors for this segment.

• Single-use/disposable knives segment is expected to witness significant growth over the forecast period due to features such as safety and affordability

Ophthalmic Knives Market Segmentation

Grand View Research has segmented the global ophthalmic knives market on the basis of design, product, end user, and region:

Ophthalmic Knives Design Outlook (Revenue, USD Million, 2018 - 2030)

• Straight knives

• Crescent knives

• Slit knives

• MVR knives

• Stab knives

• Others

Ophthalmic Knives Product Outlook (Revenue, USD Million, 2018 - 2030)

• Reusable ophthalmic knives

• Single-use ophthalmic knives

Ophthalmic Knives End Use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals

• ASCs

• Clinics

Ophthalmic Knives Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Denmark

  • Sweden

  • Norway

• Asia Pacific

  • Japan

  • China

  • India

  • Australia

  • South Korea

  • Thailand

• Latin America

  • Brazil

  • Argentina

• Middle East & Africa

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

List of Key Players in Ophthalmic Knives Market

• Alcon

• Bausch & Lomb

• BVI

• Diamatrix Ltd.

• PARAMOUNT SURGIMED LTD.

• Teleflex Incorporated

• UNIQ Technologies

• Ophtechnics Unlimited

• HAI Laboratories, Inc.

• MANI INC.