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

Global Single Use Ophthalmic Surgical Devices Market size was valued at USD 43.68 billion in 2022 and is poised to grow from USD 45.9 billion in 2023 to USD 65.1 billion by 2031, growing at a CAGR of 5.1% in the forecast period (2024-2031).

Rise in types of ophthalmic complications such as cataract, myopia, retinopathy, and diabetic are expected to drive the growth of the single use ophthalmic surgical devices market over the forecast period. In addition, rapid growth in the development and innovations in the ophthalmic devices for the diagnosis of these diseases across the globe is also expected to boost the demand for the single use ophthalmic surgical devices in the coming years.

Furthermore, ophthalmic devices have gained substantial importance due to the extensive growth of various ophthalmic diseases such as glaucoma, cataracts, and other vision related problems around the world. According to the World Health Organization report, March 2022, trachoma is a type of public health issue in 44 countries across the world and is responsible for blindness or visual impairment of more than 1.9 billion people globally. It is also noted that in 2019, 42,045 people got surgical treatment for the advanced stage of the disease. Thereby, high burden of such diseases across the globe is creating lucrative opportunities for the market during the forecast period.

Moreover, high technological advancement in the sector of ophthalmology has led to increased adoption rate of these surgical devices globally. Due to this advancement, single use ophthalmic devices offer higher safety and are available in a wide range of shapes and sizes, which enables ophthalmologist to better accuracy in surgical procedures. These devices for eye surgeries reduces the chances for post operation complications. For instance, in May 2020, Icare USA released the Icare ic200 handheld tanometer for the measurement of intraocular pressure on the go. This device has many advanced features such as no air puffs, anesthetic drops, and special abilities required to assess IOP with this device.

US Single Use Ophthalmic Surgical Devices Market is poised to grow at a sustainable CAGR for the next forecast year.