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Ophthalmic Surgical Instruments Market Product, 2019-2026|Share, Growth, Size, Trends, Opportunities & Top players are Novartis, ZEISS Group, J & J Services, Inc., Hoya Corporation, Valeant Pharmaceuticals, Nidek Inc.

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.

Analysis and estimations of important industry trends, market drivers, market restraints, market size, market share and sales volume are mentioned in the Global Ophthalmic Surgical Instruments Market report. Market share analysis and key trend analysis are the two other major success factors in this market report. It is a proficient and a comprehensive report that focuses on primary and secondary market drivers, market share, leading segments and geographical analysis.
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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 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,
  • NIDEK CO. LTD.,
  • TOPCON CORPORATION,
  • Ellex Medical Lasers,
  • IRIDEX Corporation,
  • Lumenis,
  • STAAR SURGICAL,
  • Ziemer Ophthalmic Systems,
  • Essilor, Aurolab,
  • ASICO LLC.,
  • Duckworth & Kent,
  • OPHMED CO. LTD.,
  • Millennium Surgical Corp,
  • Anodyne Surgical,
  • HAAG-STREIT GROUP

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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Why should you buy Ophthalmic Surgical Instruments Market Report?

  • Build business strategy by identifying the high growth and attractive Ophthalmic Surgical Instruments market categories
  • Develop competitive strategy based on competitive landscape
  • Design capital investment strategies based on forecasted high potential segments
  • Identify potential business partners, acquisition targets and business buyers
  • Plan for a new product launch and inventory in advance
  • Prepare management and strategic presentations using the Ophthalmic Surgical Instruments market data
  • Recent Events and Developments
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