Ophthalmic Surgical Technologies Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2030

The report on the global ophthalmic surgical technologies market provides qualitative and quantitative analysis for the period from 2021-2030. The global ophthalmic surgical technologies market was valued at USD 1543.76 million in 2022 and is expected to reach USD 2487.63 million in 2030, with a CAGR of 5.25% during the forecast period 2023-2030. The study on ophthalmic surgical technologies market covers the analysis of the leading geographies such as North America, Europe, Asia Pacific, and RoW for the period of 2021-2030.

Ophthalmic surgery involves surgical procedures performed by ophthalmologists on the eye and its related structures. Common eye ailments include cataracts, glaucoma, macular degeneration, strabismus, uveitis, and eye tumors. Various advanced technologies, such as femtosecond systems, excimer laser systems, phacoemulsification systems, and YAG laser systems, are employed in ophthalmic surgery. Femtosecond laser technology, in particular, is widely used for LASIK procedures to correct myopia (nearsightedness) and in cataract treatment.

The growth of the ophthalmic surgical technologies market is driven by the increasing prevalence of eye disorders and the expanding global elderly population. Notably, femtosecond laser-assisted cataract surgery has gained significant traction. Cataract surgery is one of the most commonly performed surgical procedures globally, with approximately 19 million surgeries conducted annually. The World Health Organization predicts a near doubling of the global population over 60 years old, from 12% to 22%, between 2015 and 2050. Additionally, rising awareness regarding minimally invasive surgical techniques and increased government funding for healthcare infrastructure are bolstering the ophthalmic surgical technologies market. However, the high costs associated with ophthalmic surgery instruments and a shortage of skilled professionals may hinder market growth. To overcome these challenges, market leaders should focus on exploring new technologies and innovations in the field of ophthalmic surgery.

Geographically, North America is expected to lead the ophthalmic surgical technologies market during the forecast period. This is attributed to the presence of numerous key players and a rising prevalence of eye diseases in countries like the United States and Canada. Asia-Pacific and Europe are also poised for significant growth in the ophthalmic surgical technologies market in the coming years, driven by increased research and development spending and ongoing advancements in the healthcare sector within these regions.

Report Findings

1) Drivers

• The growth of the ophthalmic surgical technologies market is driven by the increasing prevalence of eye disorders and the expanding global elderly population.
• The rising awareness regarding minimally invasive surgical techniques and increased government funding for healthcare infrastructure are boosting the ophthalmic surgical technologies market.

2) Restraints

• The high costs associated with ophthalmic surgery instruments and a shortage of skilled professionals may hinder market growth.

3) Opportunities

• The continuous advancements in surgical technologies, such as robotics, artificial intelligence, and advanced imaging techniques, offer significant opportunities for enhancing the precision and effectiveness of ophthalmic surgeries.

Research Methodology

A) Primary Research

The primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents.

The primary respondents approached include:

1. Key Opinion Leaders
2. Internal and External subject matter experts
3. Professionals and participants from the industry

The primary research respondents typically include:

1. Executives working with leading companies in the market under review
2. Product/brand/marketing managers
3. CXO level executives
4. Regional/zonal/country managers
5. Vice President level executives.

B) Secondary Research

Secondary research involves extensive exploring through the secondary sources of information available in both the public domain and paid sources. Each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.

The secondary sources of the data typically include:

1. Company reports and publications
2. Government/institutional publications
3. Trade and associations journals
4. Databases such as WTO, OECD, World Bank, and among others.
5. Websites and publications by research agencies

Segments Covered

The global ophthalmic surgical technologies market is segmented on the basis of product type, and surgery type.

The Global Ophthalmic Surgical Technologies Market by Product Type

• Excimer Laser Systems
• Femtosecond Systems
• YAG Laser Systems
• Phacoemulsification Systems

The Global Ophthalmic Surgical Technologies Market by Surgery Type

• Retinal Surgery
• Cataract Surgery
• Glaucoma Surgery

Company Profiles

The companies covered in the report include:

• Nidek Co., Ltd.
• Topcon Corporation
• Johnson & Johnson Services, Inc.
• Glaukos Corporation
• Alcon
• STAAR SURGICAL
• AbbVie Inc.
• Lumenis Be Ltd.
• Carl Zeiss Meditec AG
• Santen Pharmaceutical Co., Ltd.

What does this Report Deliver?

1. Comprehensive analysis of the global as well as regional markets of the ophthalmic surgical technologies market.

2. Complete coverage of all the segments in the ophthalmic surgical technologies market to analyze the trends, developments in the global market and forecast of market size up to 2030.

3. Comprehensive analysis of the companies operating in the global ophthalmic surgical technologies market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.

4. The Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.

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