Ophthalmic Surgical Technologies Market Future Prospects and Forecast To 2028

 The global ophthalmic surgical technologies market size USD 982.2 million and expected to reach USD 1,380.2 million by 2028, at a CAGR of 5.92% during the forecast period 2022-2028. Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on “Ophthalmic Surgical Technologies Market By Product Type (Excimer Laser Systems, Femtosecond System, Phacoemulsification Systems, YAG Laser Systems, Others), By Indication (Refractive Surgery, Retinal Surgery, Cataract Surgery, Glaucoma Surgery, Others), By End-User (Hospitals, Ambulatory Surgical Centers, Eye Care Centers), and Geography - Global/Region/Country Forecast to 2028”

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Ophthalmologists can perform delicate eye procedures owing to advances in medical technology. Medical expertise combined with various technologies improves surgeon access and control while also improving patient outcomes. Ophthalmic surgery, commonly referred to as eye surgery or ocular surgery, is executed on the eye or any portion of the eye. Surgery on the eye is performed to correct retinal abnormalities, remove cataracts or tumors, or repair eye muscles. Ophthalmologic surgery is most commonly used to repair or improve vision. Ophthalmic surgery is a medical technique that involves making incisions in the eye with equipment to repair damage or slow the progression of disease. Uncorrected refractive errors, age-related macular degeneration, unoperated cataract, diabetic retinopathy and glaucoma are the leading global causes of moderate to severe visual impairment, according to WHO estimates from 2010. Around the world, ocular surgery technologies are improving at a rate of about 3.5% per year. Furthermore, the WHO estimates that by 2019, 85 percent of all cases of vision impairment will be among individuals aged 50 and up.



Globally, the ophthalmic surgical technologies market is predicted to develop due to an ageing population and a rising prevalence of eye ailments. Furthermore, there is an increasing awareness of the need of eye care, a growing government initiative to combat visual impairment, and technological innovation. In recent years, there has been an increase in the use of robots in eye surgery procedures, particularly in wealthy countries. Robots have a high level of accuracy and can execute better in situations where delicate activities are required. In the near future, a number of important participants in the healthcare business, and even a number of governments around the world, are anticipated to implement ophthalmic surgical technology, which on the other hand is expected to boost the market in the future. Emerging technologies such as lab-on-a-chip prototyping, 3D bioprinting, cellular detection of eye biomarkers, new biopolymers for eye enucleation, and bio-sensors are enhancing the quality of life of patients who have had ophthalmic surgery.

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Impact of COVID-19 on Ophthalmic Surgical Technologies Market:
In addition, the report discusses the implications of COVID-19, including the industry's initial response and strategies for ensuring business continuity in the coming years.

The global ophthalmic surgical technologies market segmentation:

 1) By Product Type: Excimer Laser Systems, Femtosecond System, Phacoemulsification Systems, YAG Laser Systems, Others.

 2) By Indication: Refractive Surgery, Retinal Surgery, Cataract Surgery, Glaucoma Surgery, Others.

 3)By End-User: Hospitals, Ambulatory Surgical Centers, Eye Care Centers.

 

Due to the rising number of aged individuals in China and Japan, as well as the rising frequency of ocular illnesses, Asia-Pacific is predicted to contribute considerably to the Ophthalmic Surgical Technologies Market. With a revenue of USD 2.82 billion in 2018, North America is expected to dominate the Ophthalmic Surgical Technologies market over the projected period. The active adoption of improved diagnostic and surgical treatments will drive the market in Europe.

Some of the major key players in the ophthalmic surgical technologies market are Topcon Corporation (Japan), Alcon Laboratories, Inc. (Novartis AG) (U.S.), Johnson and Johnson Vision Care, Inc. (U.S.), Carl Zeiss Meditek AG (Germany), Bausch & Lomb Inc. (U.S.), STAAR Surgical (U.S.), Essilor (France), Hoya Corporation (Japan), Nidek Co., Ltd. (Japan), Lumenis (Israel)

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