Single Use Ophthalmic Surgical Devices Market, By Product Type, By Application, By Distribution, By Country, and By Region - Industry Analysis, Market Size, Market Share & Forecast from 2024-2032
Single Use Ophthalmic Surgical Devices Market size was valued at USD 43,908.32 Million in 2023, expanding at a CAGR of 5.90% from 2024 to 2032.
The single-use ophthalmic surgical devices market encompasses disposable instruments and tools designed specifically for eye surgeries, including cataract, glaucoma, and refractive procedures. These devices are used once and then discarded, helping to reduce the risk of infections and cross-contamination while enhancing procedural efficiency. The market is supported by the increasing demand for hygiene, cost-effectiveness, and advancements in ophthalmic surgery technologies. Key products in this sector include forceps, speculums, and nucleus rotators.
Single Use Ophthalmic Surgical Devices Market- Market Dynamics
Increasing Prevalence Of Cataract Among Geriatric-Population
The increasing prevalence of cataracts among the geriatric population is driving the demand for single-use ophthalmic surgical devices. In India, cataract prevalence is three times higher than in the United States, with 82% of Indians aged 75 to 83 years affected compared to just 46% of US individuals in the same age group. This higher prevalence amplifies the need for efficient, cost-effective surgical solutions. Single-use devices offer enhanced safety by reducing the risk of infections and cross-contamination, while also simplifying the surgical process and eliminating the need for sterilization. This trend aligns with the broader move towards disposable medical products that cater to the specific needs of aging patients, ensuring higher standards of care and operational efficiency in ophthalmic surgeries.
Single Use Ophthalmic Surgical Devices Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 5.90% over the forecast period (2024-2032)
Based on Product type segmentation, Forceps was predicted to show maximum market share in the year 2023
Based on application segmentation, Cataract surgery was the leading type in 2023
On the basis of region, North America was the leading revenue generator in 2023
Single Use Ophthalmic Surgical Devices Market- Segmentation Analysis:
The Global Single Use Ophthalmic Surgical Devices Market is segmented on the basis of Product Type, Application, Distribution, and Region.
The market is divided into eight categories based on Product type: Forceps typically hold the leading position. Their dominance is due to their essential role in various ophthalmic procedures, such as cataract surgery, where precision and control are crucial. Forceps are frequently used for handling delicate tissues, making them a key component in ophthalmic surgeries.
The market is divided into seven categories based on Application: Cataract surgery is the dominant largely due to the high prevalence of cataracts and the extensive use of disposable instruments in cataract procedures to enhance safety and efficiency. Single-use devices such as forceps, nucleus rotators, and cannulas are critical in cataract surgery, driving the largest share of the market. While other segments like diabetic retinopathy and vitreo-retinal surgery are also significant, cataract surgery remains the leading segment due to its widespread application and the frequency of procedures performed.
Single Use Ophthalmic Surgical Devices Market- Geographical Insights
The North American landscape for single-use ophthalmic surgical devices is characterized by rapid growth and innovation, supported by increasing demand for advanced, cost-effective solutions. This market features a wide range of devices, from disposable cataract surgery instruments to single-use laser lenses. Regulatory support and heightened focus on infection control have fueled the adoption of these products. Regional players include major medical device manufacturers, who continuously introduce new technologies to enhance surgical precision and patient outcomes. As healthcare providers seek to minimize risks and improve efficiency, the trend toward single-use ophthalmic devices is expected to continue expanding.
Single Use Ophthalmic Surgical Devices Market- Competitive Landscape:
The competitive landscape for single-use ophthalmic surgical devices features several key players, including Alcon, Johnson & Johnson Vision, Bausch + Lomb, and Carl Zeiss Meditec. Alcon is notable for its extensive range of high-quality disposable instruments and innovative technologies. Johnson & Johnson Vision excels with its advanced lens systems and precision surgical tools. Bausch + Lomb is distinguished by its strong focus on both surgical and diagnostic devices, offering comprehensive solutions. Carl Zeiss Meditec is recognized for its cutting-edge imaging technologies and integration with surgical systems. Each company leverages unique technological advancements and broad product portfolios to maintain a competitive edge in the market.
Recent Developments:
In April 2023, Bausch + Lomb Corporation has announced the U.S. launch of its new ophthalmic viscosurgical devices (OVDs): StableVisc(TM) and the TotalVisc(TM) Viscoelastic System. These products offer eye surgeons enhanced dual-action protection during cataract surgery.
In Jan 2023, Corza Medical is expanding its global leadership team to drive its next phase of growth, emphasizing exceptional customer interactions, earning trust through high-quality technologies, and delivering outstanding value.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL SINGLE USE OPHTHALMIC SURGICAL DEVICES MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Alcon Inc.
Bausch & Lomb Inc.
Johnson & Johnson Vision Care Inc.
Carl Zeiss Meditec AG
Topcon Corporation
Haag-Streit Holding AG
Essilor International S.A.
Hoya Corporation
Nidek Co. Ltd.
Ziemer Ophthalmic Systems AG
STAAR Surgical Company
Beaver-Visitec International
Allergan Plc
Moria SA
Oertli Instrumente AG
GLOBAL SINGLE USE OPHTHALMIC SURGICAL DEVICES MARKET, BY PRODUCT TYPE- MARKET ANALYSIS, 2019 - 2032
Forceps
Speculum
Nucleus Rotators & Choppers
Curettes
Cannulas
Knives
OVD
Others
GLOBAL SINGLE USE OPHTHALMIC SURGICAL DEVICES MARKET, BY APPLICATION- MARKET ANALYSIS, 2019 - 2032
Diabetic Retinopathy
Cataract Surgery
Glaucoma Surgery
Refractive Surgery
Corneal Surgery
Vitreo-Retinal Surgery
Others
GLOBAL SINGLE USE OPHTHALMIC SURGICAL DEVICES MARKET, BY DISTRIBUTION- MARKET ANALYSIS, 2019 - 2032
Hospitals
Ophthalmic clinic
ASCs
Others
GLOBAL SINGLE USE OPHTHALMIC SURGICAL DEVICES MARKET, BY REGION- MARKET ANALYSIS, 2019 - 2032
North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Russia
Netherlands
Sweden
Poland
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Colombia
Rest of LATAM
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Israel
Turkey
Algeria
Egypt
Rest of MEA
Table of Contents
1. Single Use Ophthalmic Surgical Devices Market Overview
1.1. Study Scope
1.2. Market Estimation Years
2. Executive Summary
2.1. Market Snippet
2.1.1. Single Use Ophthalmic Surgical Devices Market Snippet by Product Type
2.1.2. Single Use Ophthalmic Surgical Devices Market Snippet by Application
2.1.3. Single Use Ophthalmic Surgical Devices Market Snippet by Distribution
2.1.4. Single Use Ophthalmic Surgical Devices Market Snippet by Country
2.1.5. Single Use Ophthalmic Surgical Devices Market Snippet by Region
2.2. Competitive Insights
3. Single Use Ophthalmic Surgical Devices Key Market Trends
3.1. Single Use Ophthalmic Surgical Devices Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Single Use Ophthalmic Surgical Devices Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Single Use Ophthalmic Surgical Devices Market Opportunities
3.4. Single Use Ophthalmic Surgical Devices Market Future Trends
4. Single Use Ophthalmic Surgical Devices Industry Study
4.1. PEST Analysis
4.2. Porter's Five Forces Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. Single Use Ophthalmic Surgical Devices Market: COVID-19 Impact Analysis
5.1. Pre-COVID-19 Impact Analysis
5.2. Post-COVID-19 Impact Analysis
5.2.1. Top Performing Segments
5.2.2. Marginal Growth Segments
5.2.3. Top Looser Segments
5.2.4. Marginal Loss Segments
6. Single Use Ophthalmic Surgical Devices Market Landscape
6.1. Single Use Ophthalmic Surgical Devices Market Share Analysis, 2023
6.2. Breakdown Data, by Key Manufacturer
6.2.1. Established Players' Analysis
6.2.2. Emerging Players' Analysis
7. Single Use Ophthalmic Surgical Devices Market - By Product Type