PUBLISHER: The Business Research Company | PRODUCT CODE: 1826820
PUBLISHER: The Business Research Company | PRODUCT CODE: 1826820
Ophthalmic surgical instruments are specialized tools designed for eye surgery, enabling various procedures such as cataract removal, corneal transplants, retinal surgery, and more. These instruments are crafted to be precise, delicate, and safe for use in the small, sensitive environment of the eye.
The primary types of ophthalmic surgical instruments include microscopes, illumination devices, phacoemulsification instruments, lasers, intraocular lenses, shunts and drainage devices, viscoelastic devices, and surgical accessories. Microscopes are crucial in ophthalmic surgeries, providing high magnification for precise operations on delicate eye structures. These microscopes are used in multiple surgeries such as cataract, glaucoma, refractive, and vitreoretinal surgeries, and are found in various healthcare settings, including hospitals, clinics, ambulatory surgery centers, and more.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
The sharp rise in U.S. tariffs and the resulting trade tensions in spring 2025 are having a significant impact on the healthcare sector, especially in the supply of essential medical devices, diagnostic equipment, and pharmaceuticals. Hospitals and healthcare providers are grappling with higher costs for imported surgical tools, imaging systems, and consumables like syringes and catheters, many of which have limited domestic substitutes. These escalating expenses are putting pressure on healthcare budgets, prompting some providers to delay equipment upgrades or pass increased costs on to patients. Furthermore, tariffs on raw materials and components are disrupting the manufacturing of vital drugs and devices, leading to supply chain delays. In response, the industry is adopting diversified sourcing strategies, expanding local production where feasible, and pushing for tariff exemptions on critical medical products.
The ophthalmic surgical instruments market research report is one of a series of new reports from The Business Research Company that provides ophthalmic surgical instruments market statistics, including ophthalmic surgical instruments industry global market size, regional shares, competitors with an ophthalmic surgical instruments market share, detailed ophthalmic surgical instruments market segments, market trends and opportunities, and any further data you may need to thrive in the ophthalmic surgical instruments industry. This ophthalmic surgical instruments market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The ophthalmic surgical instruments market size has grown strongly in recent years. It will grow from $10.64 billion in 2024 to $11.32 billion in 2025 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to the rise in the aging population, growing geriatric population, increasing incidence of eye disorders, rising awareness and early diagnosis, and expansion of healthcare infrastructure.
The ophthalmic surgical instruments market size is expected to see strong growth in the next few years. It will grow to $14.42 billion in 2029 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to improvements in eye care infrastructure, a rise in eye disorders, an increase in the prevalence of glaucoma, a high global incidence of cataracts and glaucoma, and the increasing popularity of ambulatory surgery centers. Major trends in the forecast period include the adoption of microsurgical instruments, advancement of phacoemulsification systems, integration of femtosecond lasers, use of vitrectomy machines, and increased accuracy in diagnosing and treating eye disorders.
The forecast of 6.2% growth over the next five years reflects a slight reduction of 0.1% from the previous projection. This reduction is primarily due to the impact of tariffs between the US and other countries. Trade tensions could hinder U.S. adoption of femtosecond laser platforms and micro-invasive vitrectomy probes by inflating prices of precision-engineered ophthalmic tools developed in Italy and Singapore, resulting in higher cataract and retinal surgery costs and elevated ambulatory surgery center expenses. The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.
The rising incidence of eye diseases is expected to drive the growth of the ophthalmic surgical instruments market. This increase in eye diseases is attributed to factors such as aging populations, lifestyle changes such as extended screen time, and environmental factors such as pollution. Ophthalmic surgical instruments are used for diagnosing, treating, and managing various eye conditions by performing precise procedures on the delicate structures of the eye. For example, in May 2024, the Centers for Disease Control and Prevention (CDC) reported that 17.2% of Americans aged 40 and older, roughly 20.5 million people, will have cataracts in at least one eye by 2024, with that number projected to rise to over 30 million by 2028. As a result, the increasing prevalence of eye diseases is driving the growth of the ophthalmic surgical instruments market.
Companies in the ophthalmic surgical instruments market are focusing on developing cutting-edge solutions, such as bladeless technology, to improve surgical procedures and enhance patient outcomes. Bladeless technology eliminates the need for rotating blades, using alternative mechanisms such as airflow or tissue removal to enhance safety and efficiency. For example, in August 2022, Sight Sciences, a US-based medical technology company, introduced the SION Surgical Instrument, designed to remove the trabecular meshwork and reduce intraocular pressure in glaucoma patients. This instrument features a bladeless design for safe tissue excision, micro-engineered precision for smooth navigation around Schlemm's canal, enhanced maneuverability within the anterior chamber, single-use sterility to minimize infection risks, and greater efficiency in tissue removal, marking a significant advancement in minimally invasive glaucoma surgery.
In June 2022, GTCR LLC, a US-based private equity firm, and Corza Medical, a US-based manufacturer of innovative surgical technologies, acquired Barron Precision Instruments LLC for an undisclosed amount. This acquisition allows Corza Medical to strengthen its portfolio of ophthalmic surgery products, expand its manufacturing capabilities, and solidify its position in the ophthalmic market by providing high-quality surgical solutions and exceptional customer service. Barron Precision Instruments LLC is a US-based manufacturer specializing in high-quality surgical instruments for ophthalmology.
Major players in the ophthalmic surgical instruments market are Johnson & Johnson, Medtronic Plc, Alcon Inc., Hoya Corporation, Carl Zeiss Meditec AG, Santen Pharmaceutical, Corza Opthalmology, Lumenis, Haag-Streit Group, Accutome Inc., Millennium Surgical Corp, Appasamy Associates, Tomey Corporation, IndoSurgicals, Microtrack Surgicals, INKA Surgical Instruments, Surgical Holdings, Devine Meditech, Ambler Surgical, and ASICO LLC.
North America was the largest region in the ophthalmic surgical instruments market in 2024. The regions covered in ophthalmic surgical instruments report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the ophthalmic surgical instruments market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The ophthalmic surgical instruments market consists of sales of needle holders, knives, cannulas, forceps, and phacoemulsification systems. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Ophthalmic Surgical Instruments Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on ophthalmic surgical instruments market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for ophthalmic surgical instruments ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The ophthalmic surgical instruments market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.