Global Ophthalmic Surgical Instruments Market
Press Release

Competitive Analysis: 

The Global Ophthalmic Surgical Instruments Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Ophthalmic Surgical Instruments Market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

According to the Ophthalmic Surgical Instruments Market report, the global market is expected to witness a relatively higher growth rate during the forecast period. The ophthalmic surgical instruments market is changing because of the key players and brands which make moves like developments, product launches, joint ventures, merges and accusations that in turns changes the view of the global face of Surgical Devices industry.  The global ophthalmic surgical instruments market report also contains the drivers and restrains for the market that are derived from SWOT analysis, and also shows what all the recent developments, product launches, joint ventures, merges and accusations by the several key players and brands that are driving the market are by systemic company profiles.

Global Ophthalmic Surgical Instruments Market is expected to rise from its initial estimated value of USD 8.85 billion in 2018 to an estimated value of USD 14.21 billion by 2026, registering a CAGR of 6.1% in the forecast period of 2019-2026. This growth of the market value can be attributed to the increasing geriatric population and optic disorders that accompany this age group.

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Key Market Competitors: 

Few of the major competitors currently working in the Ophthalmic Surgical Instruments Market are

  • Novartis AG,
  • Carl Zeiss AG,
  • Johnson & Johnson Services Inc.,
  • HOYA Corporation,
  • Bausch Health,
  • Ellex Medical Lasers,
  • IRIDEX Corporation,
  • Lumenis,
  • Ziemer Ophthalmic Systems,
  • Essilor, Aurolab,
  • Duckworth & Kent,
  • Millennium Surgical Corp,
  • Anodyne Surgical,

Market Definition: 

Ocular Surgery also known as eye surgery is a surgery performed usually on the eye with the help of surgical equipment’s by an ophthalmologist. These surgical instruments are carefully selected that improve the safety and chances of procedure being successful. These instruments are responsible for the correction and treatment of these optic disorders.

Market Drivers:

  • Rising levels of geriatric population inducing the prevalence of eye disease that accompany the age group, is expected to drive the market growth
  • Government programs and initiatives about the awareness of optic diseases and treatments available is also expected to drive the market growth

Market Restraints:

  • Lack of awareness and affordability of these instruments in developing countries
  • High cost of these surgical instruments is also expected to restrain the market growth

Key Developments in the Market: 

  • In July 2016, Abbott announced the approval of “Tecnis Symfony” Introcular Lenses by US Food and Drug Administration for the treatment of cataracts.
  • In September 2016, US Food and Drug Administration announced the approval of SMILE (Small Incision Lenticule Extraction) procedure along with the utilization of VisuMax Femtosecond Laser for the treatment and contraction of myopia in patients of age 22 or above.


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Market Segmentation: Global Ophthalmic Surgical Instruments Market

By Product

  1. Cataract Surgery Devices
    1. Introcular Lenses (IOLs)
      1. Standard
      2. Premium
    2. Ophthalmic Viscoelastic Devices (OVDs)
      1. Cohesive
      2. Dispersive
      3. Combinational
  • Phacoemulsification Devices
  1. Cataract Surgery Lasers
  2. Intraocular Injectors
  3. Cataract Surgery Instruments and Kits
  1. Glaucoma Surgery Devices
      1. Glaucoma Drainage Devices (GDDS)
      2. Glaucoma Stents and Implants
      3. Glaucoma Laser Systems
      4. Micro-Invasive Glaucoma Surgery Devices
      5. Glaucoma Surgery Instruments and Kits
  1. Refractive Surgery Devices
      1. Femtosecond Lasers
      2. Excimer Lasers
      3. Other Lasers
      4. Refractive Surgery Instruments and Kits
  1. Vitreoretinal Surgery Devices
      1. Vitreoretinal Packs
      2. Vitrectomy Machines
      3. Photocoagulation Lasers
      4. Illumination Devices
      5. Vitrectomy Probes
      6. Vitreoretinal Surgery Instruments and Kits
  1. Ophthalmic Microscopes
  2. Accessories
      1. Tips & Handles
      2. Forceps
      3. Spatulas
      4. Scissors
      5. Macular Lenses
      6. Cannulas
      7. Others
  • By End-User
    1. Hospitals
    2. Clinics
    3. Ambulatory Surgical Centers
    4. Others
  • By Geography
    1. North America
    2. South America
    3. Europe
    4. Asia-Pacific
    5. Middle East and Africa

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