The global Ophthalmic Surgical Knives market is expected to experience significant growth in the coming years. According to the MRI Team’s Market Research Intellect, the market is projected to grow at a compound annual growth rate (CAGR) of 9.26% between 2024 and 2031, reaching a valuation of USD 146.11 billion by 2031, up from USD 78.6 billion in 2024. The expansion of the market is attributed to advancements in surgical techniques, the increasing prevalence of eye diseases, and the demand for precision surgical instruments, especially for cataract and refractive surgeries.
The aging population is also a driving factor for the growth of the ophthalmic surgical knives market, as the elderly are more prone to eye ailments that require surgical intervention. Healthcare facilities are investing in cutting-edge surgical equipment, further propelling the market’s expansion. Additionally, government regulations, rising healthcare costs, and the adoption of minimally invasive surgical procedures are contributing to the market growth.
Key players in the market include MANI, INC, Alcon Laboratories, BVI Medical, Corza Medical, and others. These companies are continuously innovating and expanding their product portfolios to stay competitive in the market. Mergers and acquisitions are common in the industry as companies seek to strengthen their market positions and drive growth.
Regions such as North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa are witnessing significant growth in the ophthalmic surgical knives market. Rising urban populations, stringent regulations promoting eco-friendly alternatives, and increasing demand for precision instruments in healthcare facilities are driving the market in these regions.
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