Global Single Use Ophthalmic Surgical Devices Market: Industry Analysis and Forecast (2021-2028)

Single use ophthalmic surgical devices are disposable instruments used in eye surgeries. These devices are designed to be used only once and then discarded. The global single use ophthalmic surgical devices market is expected to grow at a significant rate during the forecast period (2021-2028). The market is driven by the increasing prevalence of eye diseases and the growing demand for minimally invasive surgeries.

Overview

The global single use ophthalmic surgical devices market is expected to reach USD 2.5 billion by 2028, growing at a CAGR of 7.5% during the forecast period. The market is driven by the increasing prevalence of eye diseases such as cataract, glaucoma, and age-related macular degeneration. According to the World Health Organization (WHO), cataract is the leading cause of blindness worldwide, accounting for 51% of all cases of blindness. The growing demand for minimally invasive surgeries is also driving the market growth. Single use ophthalmic surgical devices are preferred over reusable devices as they reduce the risk of infection and contamination.

Key Players in the Global Single Use Ophthalmic Surgical Devices Market: Industry Analysis and Forecast (2021-2028)

The key players in the global single use ophthalmic surgical devices market include Alcon, Bausch + Lomb, Carl Zeiss Meditec, Johnson & Johnson Vision, and Novartis AG. These companies are focusing on product innovation and development to gain a competitive edge in the market. For instance, in 2020, Alcon launched its new AcrySof IQ Vivity intraocular lens (IOL) in the US. The lens is designed to provide clear vision at all distances and reduce the need for glasses after cataract surgery.

Market Challenges

One of the major challenges faced by the global single use ophthalmic surgical devices market is the high cost of these devices. Single use devices are more expensive than reusable devices, which can be a barrier to their adoption in some regions. In addition, the lack of proper disposal facilities for these devices can lead to environmental pollution. The disposal of these devices requires special care to prevent contamination and infection.

Market Opportunities

The growing demand for minimally invasive surgeries is expected to create opportunities for the global single use ophthalmic surgical devices market. Minimally invasive surgeries are less invasive and require smaller incisions, which reduces the risk of complications and leads to faster recovery times. Single use devices are preferred for these surgeries as they reduce the risk of infection and contamination. In addition, the increasing adoption of telemedicine and remote consultations is expected to drive the demand for single use ophthalmic surgical devices. These devices can be used in remote locations where access to healthcare facilities is limited.

Future of the Global Single Use Ophthalmic Surgical Devices Market

The global single use ophthalmic surgical devices market is expected to grow at a significant rate during the forecast period. The market is driven by the increasing prevalence of eye diseases and the growing demand for minimally invasive surgeries. The key players in the market are focusing on product innovation and development to gain a competitive edge. However, the high cost of these devices and the lack of proper disposal facilities can be a barrier to their adoption in some regions. The growing demand for minimally invasive surgeries and the increasing adoption of telemedicine and remote consultations are expected to create opportunities for the market in the future.

Conclusion

The global single use ophthalmic surgical devices market is expected to grow at a significant rate during the forecast period. The market is driven by the increasing prevalence of eye diseases and the growing demand for minimally invasive surgeries. The key players in the market are focusing on product innovation and development to gain a competitive edge. However, the high cost of these devices and the lack of proper disposal facilities can be a barrier to their adoption in some regions. The growing demand for minimally invasive surgeries and the increasing adoption of telemedicine and remote consultations are expected to create opportunities for the market in the future.