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Ophthalmic knives, also known as microsurgical knives, are specifically designed for uncomplicated and hassle-free eye surgeries. Ophthalmic knives are available in different shapes and angles for accurate incisions in the cornea and sclera during an eye surgery. These knives consist of blades that are strong and break-resistant, and made of different materials such as stainless steel, diamond, sapphire, and silicon to provide sharpness and an accurate opening.

Growth of the globalophthalmic knives marketis attributed to increase in the global geriatric population, which is more prone to cataracts and refractive eye errors. Moreover, increase in the incidences of glaucoma, vitreoretinal, diabetes retinopathy, corneal transplantation, and technological advancements are boosting the growth of the global ophthalmic knives market.

North America dominated the global ophthalmic knives market in 2018, and this trend is anticipated to continue during the forecast period. This is attributed to rise in the prevalence of ophthalmic diseases, awareness about minimal invasive surgeries, and surge in vision impairment in the region.

However, increase in the number of local manufacturers is creating a pricing pressure, which is likely to hamper the growth of the global ophthalmic knives market in North America in the latter half of the forecast period. Asia Pacific is expected to be a highly lucrative market for ophthalmic knives during the forecast period.

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High Prevalence of Eye Disorders and Rise in Awareness to Drive Usage of Ophthalmic Knives

The incidences of eye diseases has increased across the globe, and is expected to rise significantly in the near future. Ophthalmic disorders that need surgery are cataract, glaucoma, age-related muscular disorders, corneal transplantation, and others. Globally, eye disorders such as cataract, glaucoma, andage-related macular degeneration(AMD) are the leading causes of blindness and visual impairment. The high prevalence of eye disorders is fueling the demand for minimal invasive surgeries with ophthalmic knives.

Cataract is the most prevalent eye disorder across the globe. Hence, the demand for eye surgeries to treat this disorder is high. Rise in cataract surgeries has induced manufacturers to focus on developing efficient and versatile ophthalmic knives. According to the NCBI journal, the rate of blindness caused by cataract is rising at 1 million per year, globally, and the number of people undergoing cataract operations is increasing by 4 million to 5 million per year.

According to a WHO report (2010), glaucoma was estimated to cause blindness in 4.5 million people, which is around 12% of all global blindness, while AMD was the third-leading cause of blindness after cataract and glaucoma, with a global prevalence of 8.7%.

The incidences of eye disorders such as cataract are expected to rise, due to the increase in the geriatric population. According to research, the prevalence of cataract is three times higher in India compared to that in the U.S., with 82% people in India aged between 75 years and 83 years affected by cataract as compared to only 46% in the U.S. in the same age group.

Increase in Geriatric Population Increases the Need of Surgeries

The geriatric population is likely to suffer from cataract more often than the younger population. Moreover, the geriatric population is increasing at a faster pace than the younger population.

Increase in the geriatric population aged above 65 years is projected to surge the incidences of eye disorders, which, in turn, is anticipated to boost the need for corrective surgeries and treatment of these disorders. Eye surgeries require ophthalmic knives for successful incisions. These factors are likely to boost the global ophthalmic knives market.

According to the United Nations, the geriatric population aged above 60 is expected to double by 2050 and triple by 2100, an increase from 962 million in 2017 to 2.1 billion in 2050, and 3.1 billion by 2100.

Adoption of Technologically-Advanced Blades

Technological advancement is key for the growth of the medical devices market. Hence, manufacturers are keen on developing and offering innovative solutions to surgeons and patients.Bio blade is an innovative ophthalmic surgical blade recommended for uncomplicated eye surgeries, with excellent sharpness and consistency for smooth and uniform incisions.

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Bio blades are manufactured from highly purified stainless steel, which makes the blade hard and break-resistant, and are highly preferred by surgeons. Rise in the adoption of bio blades offers considerable opportunities to the providers of advanced ophthalmic care across the world.

Key Players Driving Global Ophthalmic Knives Market

The global ophthalmic knives market is fragmented in terms of number of players. Key players in the global ophthalmic knives market include Sidapharm, Surgical Specialties Corporation, Pfm medical ag, Alcon, Surgi Edge, Eagle Lab, Mani, Inc., Optitech Eyecare, Unique Technologies Inc., and Shah Eye Care Pvt. Ltd.

Original post:
Ophthalmic Knives Market is Expected To Increase Up to US$ 460 mn by 2027 - Downey Magazine

This entry was posted on November 22, 2019 at 5:54 pm and is filed under Blindness. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed. |