We expect the ophthalmic surgical instrument market to grow from $1.28 billion in 2018 to $1.64 billion in 2023, driven by 4 percent yearly growth in global ophthalmic surgeries. Increasing preference for single use instruments and knives has led these devices to account for two-thirds of global market revenues. While surgical instruments are used in all types of ophthalmic surgery, cataract and retinal surgery account for nearly 80 percent of revenues. In our 2018 report, we address the surgical instrument company consolidations taking place and the reasons this trend will continue.
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