Microkeratome: Introduction

  • Microkeratome is a surgical instrument that helps with precision work during LASIK and ALK surgery. Microkeratome contains oscillating blades that help create the corneal flap during the procedure.
  • Normally, the thickness of the human cornea varies between 500 and 600 micrometer; this instrument helps create a flap of thickness between 500 and 600 micrometer during the procedure

Key Drivers of Global Microkeratome Market

  • Increase in number of visual impairment cases in emerging economies is expected to fuel the global microkeratome market during the forecast period. For instance, according to the World Health Organization (WHO), in 2018, more than 80% of the total ophthalmic diseases in the African country of Rwanda were refractive errors, which represented 5.3% of the total population.
  • According to World Health Organization, Globally, 1 billion people have a vision impairment that could have been prevented or has yet to be addressed. 1 billion people includes those with moderate or severe distance vision impairment or blindness due to unaddressed refractive error (123.7 million), cataract (65.2 million), glaucoma (6.9 million), corneal opacities (4.2 million), diabetic retinopathy (3 million), and trachoma (2 million), as well as near vision impairment caused by unaddressed presbyopia (826 million).
  • Major market players are focusing on mergers & acquisitions for business expansion and new product launches, which are projected to propel the global market during forecast period

Disposable to be highly lucrative segment

  • In terms of product type, the global microkeratome market can be bifurcated into disposable and reusable.
  • The disposable segment accounted for a prominent share of the global microkeratome market in 2019. Easy availability and low cost are likely to drive the segment.

Diabetic retinopathy segment to expand significantly

  • In terms of treatment, the global microkeratome market can be split into retinal detachment, diabetic retinopathy, epiretinal membrane, and others
  • The diabetic retinopathy segment accounted for a significant share of the global microkeratome market in 2019. Increase in prevalence of diabetes all over the world is expected to drive the segment. For instance, according to World Health Organization, 93 million people have diabetic retinopathy, 21 million people suffer from diabetic macular edema, and 28 million cases of vision-threatening diabetic retinopathy have been reported.

Ambulatory surgical centers to be highly lucrative segment

  • Based on end-user, the global microkeratome market can be classified into ophthalmic centers, hospitals, and others
  • Ophthalmic centers was a highly lucrative segment of the market, in terms of revenue, in 2019. The trend is likely to continue during the forecast period. Ophthalmic centers provide benefits such as shorter hospital stay and lower risk of acquiring hospital-acquired infections (HAIs) and well-equipped devices, which in turn propel the demand for microkeratome in ophthalmic centers.

North America to Dominate Global Microkeratome Market

  • In terms of region, the global microkeratome market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • North America dominated the global microkeratome market in 2019. The trend is projected to continue during the forecast period. The region’s dominance can be attributed to an increase in people with vision impairment, presence of major players, and well-established healthcare system. According to Centers for Disease Control and Prevention, 4.1 million people in the U.S. are affected with diabetic retinopathy, and around 900,000 people in the U.S. are threatened with vision-damaging retinopathy.
  • The microkeratome market in Asia Pacific is anticipated to expand at a rapid pace during the forecast period owing to an increase in adoption of new products and a rise in the number of vision correction procedures undertaken in emerging countries such as India and China

Key Players Operating in Global Microkeratome Market

The global microkeratome market was highly fragmented in 2019. Key players operating in the global market are:

  • Alcon (Novartis AG)
  • Valeant Pharmaceuticals International, Inc.
  • ZEISS International
  • Johnson & Johnson
  • NIDEK CO., LTD
  • Essilor International
  • CooperVision
  • STAAR Surgical Company
  • HAAG-Streit Holding AG

Global Microkeratome Market: Research Scope

  • Microkeratome Market, by Product Type
    • Disposable
    • Reusable
  • Microkeratome Market, by Treatment
    • Retinal Detachment
    • Diabetic Retinopathy
    • Epiretinal membrane
    • Others
    • Others

Global Microkeratome Market, by End-user

  • Ophthalmic Centers
  • Hospitals
  • Others

Global Microkeratome Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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