10.15.18

Increasing Surgery Volume Will Fuel Single-Use Ophthalmic Surgical Device Market

Source: Market Scope

According to Market Scope research, two factors will drive healthy growth in the single-use ophthalmic surgical product market over the next 5 years: an aging world population, which will lead to steady growth in ophthalmic surgeries, and rising concerns over cross-contamination.

Market Scope expects the global ophthalmic single-use surgical products market to generate more than $3 billion in sales in 2018, growing at over 4 percent per year through 2023.

Single-use surgical devices now constitute the second largest ophthalmic device category, with revenues only slightly below those of the IOL market. Twelve categories of products are the focus of Market Scope’s newly published 2018 Single-Use Ophthalmic Surgical Products 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.

Viscoelastic solutions represent the single largest category and we classify them with six different types of formulations with forecasts for each by country/region.

With 27 million cataract surgeries globally growing at 3.1 percent per year, cataract surgery is expected to continue to drive the overall market revenues. Retinal surgery is another large segment of the total market, followed by refractive surgery. Other surgical subspecialties, such as glaucoma, oculoplasty, and a variety of other procedures, account for smaller revenues.

To access the full report, visit “2018 Single-Use Ophthalmic Surgical Products Report: A Global Market Analysis for 2017 to 2023.”

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