Ophthalmic Knives Market analysis research and trends report for 2019-2025
Category: #health  By Partha Ray  Date: 2019-08-12
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Ophthalmic Knives Market analysis research and trends report for 2019-2025

Ophthalmic knives Market size is expected to grow significantly from 2019 to 2025. Ophthalmic knives market will grow significantly over the forthcoming years. The growth is mainly attributable to rising incidence of ophthalmic diseases including keratosis, cataracts among others. According to World Health Organization published data in October 2018, around 1.3 billion individuals worldwide live with some type of vison impairment and the major cause for vision impairment is uncorrected refractive errors as well as cataracts. Also, majority of individuals with vision impairment are above the age of 50 years. Such huge patient pool of vision impairment is anticipated to boost ophthalmic knives industry growth.

Growing awareness regarding ophthalmic disorders coupled with various technological advances in the field of ophthalmology are factors that will upsurge ophthalmic knives revenue size during the forecast timeline. Moreover, several healthcare professionals are engaged in increasing awareness amongst consumers. Additionally, investments in awareness programs is expected to further drive business growth. However, high cost of blades may hamper ophthalmic knives business growth.

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Crescent knives segment accounted for substantial revenue share in 2018 and is expected to grow with a robust CAGR over the analysis period. The growth is primarily attributable to various advantages associated with crescent knives such as sharp edges that help in smooth tunnel incision, and well rounded tip.

Reusable segment is anticipated to witness considerable growth during the forecast timeline owing to increasing preference for reusable knives among ophthalmic surgeons. The factors such as efficacy, durability, and sharpness increase the preference of reusable knives, thereby, propels segmental growth.

Diamond segment will grow significantly over the coming years due to benefits provided by diamond blade type such as diamond knives can be used for repetitive surgeries and it can handle inflexibilities of routine sterilization. Additionally, these are sharpest blade accessible to ophthalmic surgeons, and it also provides cost advantage as compared to disposable knives that encourages customer preference, thus, drives segmental growth. 

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Asia Pacific ophthalmic knives industry is projected to grow substantially during the forecast timeline. The growth is attributed to factors such as increasing incidence of ophthalmic diseases coupled with improving healthcare infrastructure. Moreover, industry players focusing on emerging economies to increase their market share in the region should further boost regional growth.

Some of the major business players operating in ophthalmic knives market includes Eagle Labs, Mani, McKesson Medical-Surgical, Novartis (Alcon), Optitech Eyecare, Pfm medical, Sidapharm, Surgical Specialties, and Surgi Edge. Prominent industry players adopt several strategies to expand their existing product portfolio, or to expand their business divisions in order to gain more market share and sustain the competition in the industry. Companies also focus on strategic initiatives such as partnerships, merger, and acquisition collaboration. For instance, in May 2019, Surgical Specialties Corporation launched Caliber Ophthalmics new business division.

Ophthalmic Knives Market report provides a comprehensive landscape of the industry, accurate market estimates and forecast split by product, application, technology, region and end-use (one or more / all of these segments, as applicable). All quantitative information is covered on a regional as well as country basis. The report provides valuable strategic insights on the Ophthalmic Knives Market, analyzing in detail industry impact forces including growth drivers, pitfalls and regulation evolution. The report also includes a detailed outlook on the Ophthalmic Knives Market competitive environment, diving in to the industry position of each major company along with the strategic landscape.

Ophthalmic Knives Market report is an all-inclusive document, compiled and designed to provide best-in-class research, insightful analysis and accurate quantitative data. The coverage of this research is the most extensive when compared to other similar studies available on Ophthalmic Knives Market. The industry ecosystem information presented in this report is next-to-none and aims to address all stakeholders of the industry, irrespective of their size and business function. Details of segmentation and cross reporting structure, wherever feasible, makes this Ophthalmic Knives Market research one of its kind to offer the most in-depth, readily available data.

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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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