The Asia Pacific Ophthalmic Handheld Surgical Instruments Market would witness market growth of 5.3% CAGR during the forecast period (2023-2030).
Innovation is the cornerstone of progress in the market, with ongoing developments shaping the landscape of ocular surgeries. Innovations in imaging technologies have revolutionized ophthalmic surgeries. Handheld instruments now incorporate advanced imaging and visualization capabilities, allowing surgeons to navigate with enhanced precision and real-time feedback.
The field of microsurgery has witnessed significant advancements in ophthalmology. Microsurgical instruments, including those for vitreoretinal surgeries, enable surgeons to conduct intricate procedures with unparalleled precision, minimizing tissue damage and improving patient outcomes. The integration of robotics into ophthalmic surgeries marks a transformative trend. Robotic-assisted procedures offer surgeons greater control and skill, particularly in delicate maneuvers, further elevating the precision standards in these instruments.
China is witnessing a substantial increase in its aging population. The probability of developing age-related ocular disorders, including cataracts, glaucoma, and macular degeneration, increases with age. The demographic shift towards an older population contributes significantly to the surge in eye disorders. As per the data provided by the State Council of China in 2021, the population of mainland Chinese citizens aged 60 or older has reached 264.02 million, with 190.64 million individuals aged 65 or older, or 13.5% of the total population. Thus, with the rising prevalence of cataracts and the aging population in Asia Pacific, there will be increased growth in the regional market.
The China market dominated the Asia Pacific 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 $244.3 Million by 2030. The Japan market is registering a CAGR of 4.6% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 5.9% 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global Ophthalmic Handheld Surgical Instruments Market is Predict to reach $3.2 Billion by 2030, at a CAGR of 4.6%
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
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