The global ophthalmic knives market size was estimated at USD 1.6 billion in 2018 and is anticipated to expand at a CAGR of 4.9% by 2026. Increasing application of disposable ophthalmic knives in minimally invasive surgeries for the treatment of diseases such as glaucoma and cataract is majorly driving the growth. Increasing adoption of affordable and disposable knives over reusable knives is creating significant growth opportunities for new market entrants. Introduction of innovative procedures for developing grade 300 and 400 stainless steel and introduction of automation in sharp knife manufacturing processes are some of the factors which can be attributable to affordability and easy availability of ophthalmic knives. These procedures enable a significant reduction in manufacturing cost and thus, the final product price.