The Global Bowman Lacrimal Probe Market size is projected to grow from USD 0.5 million in 2018 to USD 1.2 million by 2028, at a CAGR of 5.4% during the forecast period (2021-2028). The growth can be attributed to the increasing number of surgeries and rising demand for minimally invasive procedures such as cataract surgery and cornea transplantation which are performed with the use of Bowman lacrimal probes.
Bowman Lacrimal Probe is a device used to diagnose and monitor tear production. It involves measuring the rate of fluid drainage from the eye into external canals or ducts which are then measured in millimeters per minute. The Bowman lacrimal probes have been designed for patients who suffer from dry eyes, ocular surface disease, obstructions in the nasolacrimal system, etc.
On the basis of Types, the market is segmented into Stainless Steel Type and Silver Type. The stainless steel type segment is expected to dominate the market throughout the forecast period.
A stainless steel Bowman lacrimal probe is a device that’s used to measure the amount of tear fluid in someone’s eye. It can also be called an Ophthalmic Schirmer test or Tear Test, and it uses this small metal rod with a hooked tip to touch your eyes.
The stainless steel type silver alloy probes are made up of chromium-cobalt-nickel alloys that offer high corrosion resistance; low friction coefficient; good wear & abrasion properties; toughness, strength, and hardness with an increased material density which allow them to pierce hard tissue without breaking off easily, enhancing its durability.
Silver Bowman Lacrimal Probe is a thin, long probe that works by passing an electrical current through the tissue. It can be used to monitor surgical depth and detect changes in resistance during surgery. The silver type also offers excellent heat transfer characteristics due to its thermal conductivity resulting in better patient comfort during surgical procedures as it does not cause any cooling effect.
On the basis of Application, the market is segmented into Hospitals, Surgery Centers & Others. The hospital segment is expected to be the largest market for the global Bowman probe during the forecast period.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America is expected to dominate over other regions in terms of revenue generation due to its strong presence and investments by leading players coupled with high healthcare spending.
Europe represents one of the regional markets due to its well-developed medical devices sector & government initiatives such as economic incentives through various schemes like R&D tax credits & patent box regime are likely to promote adoption rates of these probes across hospitals in the UK, Germany, France, etc.
The Middle East and Africa represent another market where there is a growing awareness among people about surgeries performed on eyes which led them towards eye care services. Asia Pacific region has a rapid growth rate which will lead this industry in a positive direction.
The market is driven by factors such as the increasing number of surgical procedures due to the rising prevalence of ophthalmic diseases and disorders across the globe along with the growing geriatric population base resulting in an increase in demand for Bowman probes during surgeries. Moreover, technological advancements coupled with increased adoption of minimally invasive techniques are some other major drivers which propel this market growth over the forecast period.
Up Market Research published a new report titled “Bowman Lacrimal Probe Market research report which is segmented by Types (Stainless Steel Type, Silver Type), By Applications (Hospitals, Surgery Centers, Other), By Players/Companies Sklar, Bowman Lacrimal Probe, Wexler Surgical, BR Surgical, Accurate Surgical & Scientific Instruments”.
Report Attributes | Report Details |
Report Title | Bowman Lacrimal Probe Market Research Report |
By Type | Stainless Steel Type, Silver Type |
By Application | Hospitals, Surgery Centers, Other |
By Companies | Sklar, Bowman Lacrimal Probe, Wexler Surgical, BR Surgical, Accurate Surgical & Scientific Instruments |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 233 |
Number of Tables & Figures | 164 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Stainless Steel Type, Silver Type and By Application Hospitals, Surgery Centers, Other.
Some of the companies that are profiled in this report are:
Bowman Lacrimal Probe Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Bowman Lacrimal Probe Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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