The Latin America, Middle East and Africa Ophthalmic Handheld Surgical Instruments Market would witness market growth of 6.4% CAGR during the forecast period (2023-2030).
The concept of smart instrumentation is gaining traction, with handheld instruments incorporating connectivity features. Smart instruments enable data exchange, intraoperative guidance, and seamless integration with electronic health records, enhancing the overall efficiency of ophthalmic surgeries. Instrument manufacturers are increasingly focusing on using biocompatible materials and ergonomic designs. Incorporating materials that reduce the risk of allergic reactions and the development of instruments with ergonomic handles contribute to surgeon comfort and overall procedural success.
Additionally, innovations in ophthalmic handheld instruments extend beyond surgical tools to drug delivery systems. Combining surgery with targeted drug administration allows more effective treatment of certain eye conditions, presenting a promising avenue for future developments. Ophthalmic handheld instruments with drug delivery capabilities allow targeted treatment of specific eye structures. This targeted approach minimizes systemic medication exposure, reducing potential side effects and optimizing the therapeutic impact on the affected areas.
Brazil is experiencing a demographic transition characterized by a rising proportion of elderly individuals. An increased prevalence of age-related eye conditions, including cataracts, glaucoma, and macular degeneration, is associated with the aging process. As per the data published in 2022 by the Pan American Health Organization, 13% of the population of Brazil consists of individuals aged 60 years and later, of which more than 30 million are 65 years or older. By 2030, this age group will comprise 24 percent of the Brazilian population or approximately 50 million individuals. Therefore, the rising aging population in LAMEA will lead to increased demand for these instruments.
The Brazil market dominated the LAMEA Ophthalmic Handheld Surgical Instruments Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $65.4 Million by 2030. The Argentina market is showcasing a CAGR of 7% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 6.1% during (2023 - 2030).
Based on End-use, the market is segmented into Hospitals, Ophthalmic Clinics, and Others. Based on Product, the market is segmented into Ophthalmic Knives, Forceps, Scissor, Chopper, Rapid Immunotherapies, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Metall Zug AG (Haag-Streit AG), Surgical Holdings, Ziemer Ophthalmic Systems AG, Topcon Corporation, Carl Zeiss Meditec AG, Johnson & Johnson (Johnson & Johnson Vision Care, Inc.), Bausch + Lomb Corporation (Bausch Health Companies, Inc.), Alcon, Inc., Appasamy Associates Private Limited and INKA Surgical Instruments
The concept of smart instrumentation is gaining traction, with handheld instruments incorporating connectivity features. Smart instruments enable data exchange, intraoperative guidance, and seamless integration with electronic health records, enhancing the overall efficiency of ophthalmic surgeries. Instrument manufacturers are increasingly focusing on using biocompatible materials and ergonomic designs. Incorporating materials that reduce the risk of allergic reactions and the development of instruments with ergonomic handles contribute to surgeon comfort and overall procedural success.
Additionally, innovations in ophthalmic handheld instruments extend beyond surgical tools to drug delivery systems. Combining surgery with targeted drug administration allows more effective treatment of certain eye conditions, presenting a promising avenue for future developments. Ophthalmic handheld instruments with drug delivery capabilities allow targeted treatment of specific eye structures. This targeted approach minimizes systemic medication exposure, reducing potential side effects and optimizing the therapeutic impact on the affected areas.
Brazil is experiencing a demographic transition characterized by a rising proportion of elderly individuals. An increased prevalence of age-related eye conditions, including cataracts, glaucoma, and macular degeneration, is associated with the aging process. As per the data published in 2022 by the Pan American Health Organization, 13% of the population of Brazil consists of individuals aged 60 years and later, of which more than 30 million are 65 years or older. By 2030, this age group will comprise 24 percent of the Brazilian population or approximately 50 million individuals. Therefore, the rising aging population in LAMEA will lead to increased demand for these instruments.
The Brazil market dominated the LAMEA Ophthalmic Handheld Surgical Instruments Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $65.4 Million by 2030. The Argentina market is showcasing a CAGR of 7% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 6.1% during (2023 - 2030).
Based on End-use, the market is segmented into Hospitals, Ophthalmic Clinics, and Others. Based on Product, the market is segmented into Ophthalmic Knives, Forceps, Scissor, Chopper, Rapid Immunotherapies, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Metall Zug AG (Haag-Streit AG), Surgical Holdings, Ziemer Ophthalmic Systems AG, Topcon Corporation, Carl Zeiss Meditec AG, Johnson & Johnson (Johnson & Johnson Vision Care, Inc.), Bausch + Lomb Corporation (Bausch Health Companies, Inc.), Alcon, Inc., Appasamy Associates Private Limited and INKA Surgical Instruments
Scope of the Study
Market Segments Covered in the Report:
By End-use
- Hospitals
- Ophthalmic Clinics
- Others
By Product
- Ophthalmic Knives
- Forceps
- Scissor
- Chopper
- Rapid Immunotherapies
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Metall Zug AG (Haag-Streit AG)
- Surgical Holdings
- Ziemer Ophthalmic Systems AG
- Topcon Corporation
- Carl Zeiss Meditec AG
- Johnson & Johnson (Johnson & Johnson Vision Care, Inc.)
- Bausch + Lomb Corporation (Bausch Health Companies, Inc.)
- Alcon, Inc.
- Appasamy Associates Private Limited
- INKA Surgical Instruments
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. LAMEA Ophthalmic Handheld Surgical Instruments Market by End-use
Chapter 5. LAMEA Ophthalmic Handheld Surgical Instruments Market by Product
Chapter 6. LAMEA Ophthalmic Handheld Surgical Instruments Market by Country
Chapter 7. Company Profiles
Companies Mentioned
- Metall Zug AG (Haag-Streit AG)
- Surgical Holdings
- Ziemer Ophthalmic Systems AG
- Topcon Corporation
- Carl Zeiss Meditec AG
- Johnson & Johnson (Johnson & Johnson Vision Care, Inc.)
- Bausch + Lomb Corporation (Bausch Health Companies, Inc.)
- Alcon, Inc.
- Appasamy Associates Private Limited
- INKA Surgical Instruments
Methodology
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