Global Ophthalmology Surgical Devices Market by Type (Cataract Surgery Devices, Glaucoma Surgery Devices, Vitreoretinal Surgery Devices, Refractive Surgery Devices), By Application (Hospitals, Ambulatory Surgical Centers, Ophthalmic Clinics) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

The Global Ophthalmology Surgical Devices Market size is projected to grow from USD 1.8 billion in 2021 to USD 2.6 billion by 2028, at an estimated CAGR of 4.3%. The growth of this market can be attributed to the increasing number of procedures being performed and the rising geriatric population worldwide as well as technological advancements that are driving innovation in the industry.

Ophthalmic surgical devices are the medical equipment that is used in ocular surgery. They can be classified into major categories such as intraocular lenses, artificial anterior chamber, and iris implants. Ophthalmic surgical devices are implanted into the eye to cure a disease or improve vision. The intraocular lenses, artificial anterior chamber, and iris implants work by correcting impaired vision caused due to various diseases such as cataracts, glaucoma, etc.

On the basis of Type, the global ophthalmology surgical devices market is segmented into cataract surgery devices, glaucoma surgery devices, and vitreoretinal surgery devices.

Cataract Surgery Devices:

Cataract surgeries are designed to remove a clouding of the crystalline lens in an eye that can cause loss of vision. The intraocular lenses work by correcting impaired vision caused due to various diseases such as cataracts or corneal blindness (also known as aphakia). An artificial anterior chamber works by restoring natural tear production on the surface of an eye after removal or extraction for certain eye conditions like trauma or infection.

Glaucoma Surgery Devices:

Glaucoma Surgery Devices include Glaucoma Filters which work by preventing fluid from entering the eye during surgical procedures on glaucoma patients. Aqueous humor drainage devices help in draining aqueous humor from the anterior chamber of an eye before surgery to treat glaucoma or ocular hypertension. Glaucoma Surgery Devices are used to treat glaucoma by removing parts of the eye or pumping fluid out of the eye. These devices can be classified as either laser-assisted surgery, microvascular surgery, or phacoemulsification. Laser-assisted surgery uses a beam of light from an argon laser to seal off small blood vessels; while microvascular surgery and phacoemulsification both use a mechanical device for cutting tissue inside the eye.

Vitreoretinal Surgery Devices:

Vitreoretinal surgery devices are designed to remove vitreal and retinal membranes as well as draining eye fluids. Vitreoretinal Surgery Devices include Retinal Detachment Repair Systems which help in treating retinal detachment, Fuchs' day anomaly, diabetic retinopathy, and other diseases. This device is specifically designed for eye defects that occur in children and adults also known as retinopathy of prematurity (ROP). These surgical instruments are usually made up of micro-surgical instrument sets, laser fiber or endoscopic equipment, cryoprobe/curettage units, and other special accessories such as lasers. The procedure includes a corrective operation on the retina which is done by removing abnormal tissue from it in order to facilitate an improvement of visual acuity with no risk factors affecting health like hemorrhages.

On the basis of Application, the global ophthalmology surgical devices market is segmented into Hospitals, Ambulatory Surgical Centers, and Ophthalmic Clinics.

Hospitals:

These surgical devices are used in hospitals to perform various surgeries on the cornea or lens. It is done by injecting a gas bubble into an area between the eye and eyelid. This helps to prevent damage from contact with air, thus preventing infections of the surface of the eye. It can also be used for cataract surgery where it pushes excess fluid out of your eyes which could lead to glaucoma if left untreated.

Ambulatory Surgical Centers:

Ophthalmic surgical devices are used in Ambulatory Surgical Centers for different purposes. Cataract surgery is one of the most common procedures performed with ophthalmology surgical devices and it usually takes less than 30-45 minutes to complete. This procedure involves removing a clouded lens from an eye, replacing it with an artificial clear lens which can help improve vision. Glaucoma surgery also uses specialized tools such as lasers or forceps that are inserted into the canaliculi (tiny passages) to create a tiny opening on the retina at specific points where pressure builds up due to fluid buildup. Vitreoretinal surgery sets out to repair damage caused by vitreous detachment by replacing detached tissue within the eyes using scleral contact lenses or suturing the back of the retina to a membrane in order to prevent fluid from dripping on it.

Ophthalmic Clinics:

An ophthalmic clinic, also known as an ophthalmologist's office or eye specialist's office is a place where people go for medical attention to the eyes. Oftentimes these clinics will provide examinations and diagnoses of various diseases of the human eye using different types of devices such as slit lamp biomicroscopes and retinoscopes. These can be either in-office or mobile units used inside hospitals by trained personnel who are registered with their respective state boards.

On the basis of Region, the global ophthalmology surgical devices market is segmented into North America, Latin America, Europe Asia Pacific, and Middle East & Africa. on the basis of Country in North America region, the United States ophthalmology surgical devices market is segmented into hospitals with a share of 39% and ambulatory centers with a share of 61%. The country Canada has seen an increase in demand for cataract surgery as its population ages. In addition to this trend, it also saw a rise from other emerging markets such as India which have resulted in a higher need for accessorizing surgeries including glaucoma-specific products and vitreoretinal procedures. In Latin American countries Chile follows closely behind Brazil when considering their respective shares on the global ophthalmic surgical device market. This can be attributed to the fact that Brazil has a relatively higher number of cataract cases in comparison to Chile. Countries such as Argentina are also experiencing rapid growth owing to their young demographics which have led many international manufacturers to invest there due to its promising future trends.

Growth Factors For The Global Ophthalmology Surgical Devices Market:

The key factors driving the Global Ophthalmology Surgical Devices Market growth are the increasing geriatric population, high prevalence of eye diseases, and other end-stage ocular diseases. In addition, the rise in awareness about cataract surgeries as well as technological advances have been instrumental for this market’s expansion from 2018 to 2028. Complementary and alternative medicine (CAM) has been gaining popularity in recent years, which in turn is driving demand for ophthalmic medical equipment. The increasing prevalence of age-related eye disorders such as cataracts and glaucoma that require surgery to be cured is a major factor propelling the growth of this market segment. Moreover, growing awareness of eye disorders and the need for surgical interventions is anticipated to make cataract surgery a priority.

Up Market Research published a new report titled “Ophthalmology Surgical Devices Market research report which is segmented by Types (Cataract Surgery Devices, Glaucoma Surgery Devices, Vitreoretinal Surgery Devices, Refractive Surgery Devices), By Applications (Hospitals, Ambulatory Surgical Centers, Ophthalmic Clinics), By Players/Companies Alcon, Bausch & Lomb, Carl Zeiss Meditec, Glaukos Corporation, HOYA Corporation, IRIDEX Corporation, Johnson & Johnson Vision Care, Lumenis, NIDEK, STAAR Surgical Company”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

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.

Global Ophthalmology Surgical Devices Market Report Segments:

The market is segmented by Type Cataract Surgery Devices, Glaucoma Surgery Devices, Vitreoretinal Surgery Devices, Refractive Surgery Devices and By Application Hospitals, Ambulatory Surgical Centers, Ophthalmic Clinics.

Some of the companies that are profiled in this report are:

1. Alcon
2. Bausch & Lomb
3. Carl Zeiss Meditec
4. Glaukos Corporation
5. HOYA Corporation
6. IRIDEX Corporation
7. Johnson & Johnson Vision Care
8. Lumenis
9. NIDEK
10. STAAR Surgical Company

Ophthalmology Surgical Devices 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:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Ophthalmology Surgical Devices Market

Overview of the regional outlook of the Ophthalmology Surgical Devices Market:

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.

Highlights of The Ophthalmology Surgical Devices Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Ophthalmology Surgical Devices Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.
6. By Type:

                1. Cataract Surgery Devices

                2. Glaucoma Surgery Devices

                3. Vitreoretinal Surgery Devices

                4. Refractive Surgery Devices

                1. Hospitals

                2. Ambulatory Surgical Centers

                3. Ophthalmic Clinics

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Ophthalmology Surgical Devices 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.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
• Business Expansion Strategies
• Consumer Insights
• Understanding Competition Scenario
• Product & Brand Management
• Channel & Customer Management
• Identifying Appropriate Advertising Appeals

Reasons to Purchase the Ophthalmology Surgical Devices Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.