Microkeratome Market, By Product (Reusable and Disposable), By Treatment (Retinal Detachment, Diabetic Retinopathy, Epiretinal Membrane, and Others), By End User (Hospitals, Ophthalmic Centers, and Others) and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

Published In : Jul 2023

Code : CMI3965

Pages :160

Formats :

Excel and PDF

Industry : Medical Devices

Market Challenges And Opportunities

Global Microkeratome Market - Driver

Increasing number of visual impairment cases

The increasing number of visual impairment cases is expected to drive the global microkeratome market over the forecast period. For instance, in October 2021, according to the Laser Eye Surgery Hub report of Visual Impairment and Blindness Global Data & Statistics, about 2.2 billion people are estimated to live with vision impairment of some description globally and estimated a set to increase in blindness up to 115 million people in 2050.

Increasing geriatric population

Increasing geriatric population is more likely to develop eye disorders such as glaucoma. Cataracts and refractive errors are expected to drive the global microkeratome market over the forecast period. For instance, in October 2022, according to the World Health Organization, one in six individuals in the world will be 60 or older by 2030. By this point, there will be 1.4 billion people over the age of 60, up from 1 billion in 2020. The number of individuals in the world who are 60 or older will double (to 2.1 billion) by 2050. Between 2020 and 2050, the number of people 80 or older is projected to treble, reaching 426 million.

Global Microkeratome Market: Restraint

Lack of awareness regarding vision impairment and advanced surgeries

Factors such as lack of awareness regarding vision impairment and advanced surgeries is slated to hinder the market growth over the forecast period. So, the government as well as the key players are taking initiatives for the awareness about the visual impairment and advancement in surgeries for treatment of microkeratome. For instance, on May 31 2023, according to Versant Health, estimated that ignorance about visual impairment and sophisticated procedures contributes to the growth of eye problems. Initially, the prevalence of increase is lower, but later due to ignorance, it rises.

Restraints & Challenges: