Single Use Ophthalmic Surgical Devices Market Size, Share, Growth Analysis, By Application(Cataract Surgery, Glaucoma Surgery, Diabetic Retinopathy, Corneal Surgery), By End-User(Ophthalmic Clinics, Ambulatory Surgery Centres, others), By Region - Industry Forecast 2024-2031

North America dominated the global single use ophthalmic surgical devices market holding more than 35% share in 2021, and is set to continue this over the forecast period. Increasing consumer awareness, technological advancement, and presence of strong and large market players are the key factors driving the market growth in the region. For instance, in the U.S., more than 24 million people are suffering from cataract and around 7 million people have been diagnosed with diabetic retinopathy. In addition, favourable reimbursement policies from the several government bodies in the region for various surgical procedures are also expected to contribute towards the region growth.

Furthermore, Asia Pacific is projected to register the fastest growth with a health market share during the forecast period owing to the rise in adoption of advanced technologies, increased population burden, and government initiatives. Additionally, emerging countries such as India and China provide financial support to healthcare institutions for the development and improvement in healthcare facilities. This has led to the growth in the research & development in the field of ophthalmology. All these factors are likely to drive growth of the global single use ophthalmic surgical devices over the forecast period.