10.15.20

Concerns Over Surgical Waste Are Clouding Future of Single-Use Device Market

Source: Market Scope

The global single-use surgical device market has shown steady growth over several decades, reaching a peak of $3.4 billion in 2019, but growing concerns over the amount of waste created by disposable surgical devices have raised questions about future growth prospects, according to a Market Scope report.

Other important market drivers are counterbalancing these concerns and will lead to modest growth over the next 5 years. Among these are the world’s aging population, resulting in steady growth in ophthalmic surgery at a compound annual rate of 10 percent, from 33.6 million surgical procedures in COVID-19-impacted 2020 to over 54 million by 2025.

“A major growth driver is concern over cross-contamination, and we believe the pandemic has only increased this concern. We also expect a steady flow of new types of disposable surgical devices developed each year,” according to Market Scope.

Market Scope expects the global ophthalmic single-use surgical device market to generate only $2.5 billion in 2020, down from $3.4 billion in 2019. However, we forecast that the market will grow to $4.3 billion by 2025.

Single-use surgical devices now constitute ophthalmology’s second largest surgical device category, with revenue only slightly below that of the intraocular lens market. We classify these devices in 12 categories: 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. 

Ocular viscoelastic devices (OVDs) represent the single largest category, which we break into six formulation types, with forecasts for each by country or region. Disposable instruments are the second largest category and will experience a strong rate of growth over the next 5 years due to the 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 damaging them, driving demand for disposable versions. 

Market Scope’s “2020 Single-Use Ophthalmic Surgical Products Market Report” was published in September.

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