The North America Ophthalmic Handheld Surgical Instruments Market would witness market growth of 3.9% CAGR during the forecast period (2023-2030).
The healthcare landscape is continually evolving, driven by advancements in medical technology, increasing awareness of eye health, and a growing aging population. Within this dynamic environment, the market emerges as a crucial segment, playing a pivotal role in eye care. The applications of these instruments span a wide spectrum, catering to various ocular conditions and surgical procedures. These instruments are integral to the intricate world of eye surgeries, addressing conditions ranging from cataracts and glaucoma to retinal disorders and refractive surgeries.
Moreover, a notable trend shaping the adoption of ophthalmic handheld instruments is the increasing preference for minimally invasive procedures. Patients and surgeons seek interventions that offer quicker recovery times and reduced postoperative complications, driving the demand for precision instruments designed for such approaches. It is common for patients who undertake minimally invasive ophthalmic surgeries to recover more quickly and spend less time in the hospital. This aspect resonates with the demands of contemporary lifestyle, contributing to the widespread adoption of these procedures.
The growing aging population in Canada is likely to result in an increased number of cases of eye diseases, necessitating ophthalmic surgeries and driving the demand for associated surgical instruments. The aging population in Canada is likely to contribute to a higher incidence of AMD, leading to an increased need for surgical interventions and related instruments. According to the data released in 2022 by the Government of Canada, over 861,000 older adults, or more than twice as many as were found in the 2001 Census, were counted in the 2021 Census. Thus, rising eye diseases and the aging population in North America are expected to boost the demand for these instruments in the region.
The US market dominated the North America 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 $818.1 Million by 2030. The Canada market is experiencing a CAGR of 6.2% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 5.3% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The 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
By End-use
By Product
By Country
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