09.20.19

Cataract Surgery Products Continue to be the Main Single-Use Surgical Device Sales Driver

Source: Market Scope

The world’s aging population—leading to steady growth in cataract surgeries—and rising concerns over cross-contamination are key factors that will drive healthy growth in the single-use ophthalmic surgical product market during the next 5 years, according to Market Scope.

Market Scope expects the global ophthalmic single-use surgical product market to generate nearly $3.4 billion in sales in 2019, growing to over $4.1 billion by 2024.

Single-use ophthalmic surgical devices now constitute the second-largest device market category, with revenues only slightly below the intraocular lens market total. Twelve categories of single-use disposable products are the focus of Market Scope’s report: viscoelastic solutions, disposable instruments, surgical knives, procedure packs, balanced salt solutions, drapes, fluid management devices, sutures, eye shields, ocular dyes, capsular tension rings, and cautery pencils.

Market Scope’s newly published “2019 Single-Use Ophthalmic Surgical Products Market Report” breaks out those 12 product categories globally and regionally, with forecasts for the United States, Western Europe, Japan, other wealthy nations, China, India, Latin America, and the rest of the world.

Ocular viscoelastic devices (OVDs) and disposable instruments represent the largest categories in the market.

Disposable instruments will experience the highest rate of growth over the next 5 years, due in part to the demand for disposable versions of instruments and the increasing demand for smaller gauge micro-incision instruments. The newer smaller gauge micro-incision disposable instruments are more difficult for hospitals and ASCs to sterilize without damage, driving the demand for disposable versions.

Disposable surgical devices are used across all types of ophthalmic surgery, but cataract surgery accounts for over three-quarters of revenue. With over 28 million surgeries globally, growing at 3.1 percent per year, cataract surgery is expected to continue to drive the overall market. Retinal surgery is another large segment of the total, followed by refractive surgery. Other surgical specialties, including glaucoma, oculoplasty, and a variety of other procedures, account for smaller revenues.

The United States, Western Europe, and Japan currently are expected to account for nearly 70 percent of total revenue in 2019.

The highest revenue growth rates are expected to come from developing nations and regions, especially China, Latin America, and India. Driven by rapidly expanding economies, robust increases in surgery, improving health care delivery and a rapidly growing elderly population, China, India, and Latin America are expected to experience single-use surgical device revenue growth rates typically several percentage points higher than wealthy nations.

Alcon Surgical is by far the largest competitor in the market. Alcon holds the leading position in several categories of disposables, including OVDs, balanced salt solutions, knives, drapes, sutures, fluid management devices, and procedure packs. Other significant competitors include AMO, Bausch + Lomb, and Beaver-Visitec. More than 80 smaller companies compete in the market.

Market Scope’s “2019 Single-Use Ophthalmic Surgical Products Market Report: A Global Analysis for 2018 to 2024” was published in September.

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