The global Microkeratome Market Growth Accelerated by Adoption of Advanced Technologies

 


Microkeratome are specialized precision surgical knives used in the cornea to create thin, hinged flaps during laser eye surgery procedures. The keratome cut precision and safety are vital in achieving good vision outcomes. Advanced microkeratomes provide femtosecond laser assisted cutting that helps achieve more uniform, predictable and thinner flaps. This has boosted the prevalence of laser eye surgeries and increased adoption of advanced microkeratomes.

The global Microkeratome Market is estimated to be valued at US$ 910.3 Mn in 2023 and is expected to exhibit a CAGR of 10.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
The femtosecond laser-assisted cutting offered by advanced microkeratomes has been a major trend driving the market growth over the forecast period. Femtosecond lasers enable faster recovery with minimal discomfort and improved outcomes by creating thinner, stronger, and self-sealing flaps. The ultra-short laser pulses cut the cornea with micron level accuracy avoiding mechanical stress and minimizing injury to surrounding tissues. This allows creation of uniformly thin flaps regardless of the corneal thickness and achieves reproducible and predictable results. As a result, more eye care professionals are adopting femtosecond laser-assisted procedures and the demand for femtosecond laser compatible microkeratomes is surging at a rapid pace.
Segment Analysis
The global Microkeratome Market is dominated by the mechanical microkeratome sub segment which held around 55% market share in 2023. Mechanical microkeratome continues to be the preferred equipment for LASIK surgeries owing to its consistency and precision in creating thin flaps needed for laser ablation. It also offers surgeons better control over flap thickness.

Key Takeaways
The global Microkeratome Market is expected to witness high growth over the forecast period. Regional analysis: North America accounted for the largest share of around 35% of the global market in 2023 led by a high number of refractive surgeries performed in countries like the US. Asia Pacific is expected to register the fastest CAGR over the forecast period driven by increasing disposable incomes, growing medical tourism and rising awareness about corrective eye surgeries in countries like China and India.

Key players: Key players operating in the Microkeratome Market are EssilorLuxottica, Bausch & Lomb Incorporated or its affiliates, Johnson & Johnson Services, Inc., CooperVision, Carl ZEISS AG, Hoya Corporation, Alcon, Inc., STAAR Surgical, Marvel Medtech, Novartis AG, HAAG-Streit Group, NIDEK CO., LTD, Bausch Health Companies Inc., Sonomed Escalon, Topcon Corporation, Gulden Ophthalmics, FCI, Ziemer Ophthalmic Systems AG, and Glaukos Corporation.

The global Microkeratome market is fragmented with the presence of several global and regional players. Key players are focusing on new product launches and geographic expansion to gain a competitive edge in the market. For instance, in 2022, STAAR Surgical launched the Valois Evolution microkeratome in Europe for femtosecond laser-assisted cataract surgeries.

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