Microkeratome Market Size, Competitive Landscape And Potential Of Industry Till 2027
Latest published report on the Global Microkeratome Market, found on the Qualiket Research website revealed a great deal about various market dynamics. These driving factors influence the market from a very miniscule level to its holistic standard and can traverse limitations to assist the market achieve a significant growth rate over the analysis period of 2020-2027. The report is based on an extensive study supervised by adept analysts. Their sound knowledge and expertise in the field help in unearthing of factors and figures. The report is fulfilled with a volume-wise and value-wise analysis.
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Microkeratome is a type of high precision surgical instrument which comprises an oscillating blade intended to create the corneal flap for surgeries associated with refractive errors. These devices are used in LASIK or ALK surgeries. Healthy human cornea varies in between 500 & 600m in LASIK technique, the microkeratome produces a thick flap of around 83200 m.
Market Drivers
Rise in number of visual impairment cases in emerging economies is key driving factor which is expected to boost the global microkeratome market growth. For instance, according to WHO (World Health Organization) more than 80% of total ophthalmic diseases in African country of Rwanda was refractive errors represented around 5.3% of the total population in 2018. Furthermore, increase in approval and launch of effective surgical products and advanced technologies will positively contribute the market growth. Â Moreover, increase in mergers and acquisitions by key competitors will drive the market growth. For instance, in February 2018, Abbott Medical Optics had acquired by Johnson and Johnson which includes ophthalmic products in areas of patient care including cataract surgery and consumer eye health laser refractive surgery.
Market Restraints
However, high cost of these devices is major challenging factor which are expected to hinder the global microkeratome market growth. Also, lack of skilled professionals and increase in adoption of LASIK technologies such as femtosecond laser will affect the market growth.
Market Key Players
Various key players are discussed in this report such as Alcon, Inc., Carl Zeiss AG, Hoya Corporation, CooperVision, Bausch & Lomb Incorporated, Johnson & Johnson Vision Care, Essilor International, Marvel Medtech, STAAR Surgical Company, and Abbott Medical Optics Inc.
Market Taxonomy
By Product
- Disposable
- Reusable
By Technology
- Fully Invasive
- Minimally Invasive
By Treatment
- Epiretinal Membrane
- Diabetic Retinopathy
- Retinal Detachment
- Others
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
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