The Cataract Surgery Devices Market was $6554.02 million in 2014, and is expected to reach $9908.92 million by 2023, registering a CAGR of 4.7% during the forecast period. Cataract is an eye disease in which the natural lens of eye gets clouded. The people having cataract it’s like seeing through fogged-up window with the clouded lens. The cataract can be removed by surgery, where the surgeon replaces the clouded lens with a clear plastic intraocular lens (IOL). Nine out of ten people regain a very good vision after the surgery. The cataract surgery devices and instruments such as balanced salt solution, ophthalmic viscoelastic devices, phacoemulsification systems, drapes, gloves, intraocular lenses, irrigation set, and forceps, which assist in this cataract surgical procedure, as these serve as an appropriate instrument for such eye defects surgery without causing any harm to cornea. The number of increasing cataract diseased people as well as technological advancements in ophthalmic surgical devices is booming the market. By the projections of Indian Journal of Ophthallogy, its seen that among those aged 50+ years, the amount of cataract surgery would double (3.38 million in 2001 to 7.63 million in 2020) and cataract surgical rate would increase from 24025/million 50+ in 2001 to 27817/million 50+ in 2020.
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Cataract Surgery Devices – Competitive Insights:
China is helping in the growth of Cataract Surgery Devices market. Market Scope forecast for China’s $2.6 billion ophthalmic market is that it will grow at a (CAGR) of 11.3 percent over the next five years to $4.5 billion. The leading players in the market are Johnson & Johnson, Abbott Laboratories, Novartis AG, Topcon Corporation, Essilor International S.A., Ziemer Ophthalmic Systems AG, Nidek Co. Ltd., Carl Zeiss Meditec AG,Valeant Pharmaceuticals International, Inc., and HAAG-Streit Holding AG.
Cataract Surgery Devices – Drivers & Restrains:
The global market is driven by the increasing number of population suffering from cataract disorders which may be due to medical conditions and due to natural phenomenon. The number of less skilled professional in this field and due to less awareness about the cataract disorders is delaying the growth of the global cataract surgery devices market. One of the reasons of restrains associated with cataract surgeries is high cost, when it comes to developing countries, like India, South Africa, Brazil, and China. The increased investment for developing efficient devices for cataract surgery all over the globe, like Zepto capsulotomy system by Mynosys Cellular Devices are creating great deal of profit for key market players.
The Cataract Surgery Devices Market is segmented as follows-
Cataract Surgery Devices – By Product:
Ophthalmic Viscoelastic Device (OVD)
Intraocular Lens (IOL)
Cataract Surgery Devices – By Type:
By End User
Ambulatory Surgery Centers
Cataract Surgery Devices – End User Outlook and Trend Analysis:
The end user or applications of Cataract Surgery Devices are Ophthalmology Clinics, Hospitals and Ambulatory Surgery Centers. The number of Ophthalmology Clinics is on a rise due to rise in the number of patients. The developing awareness regarding healthcare and additionally activities by the administration and nongovernment associations, to control and forestall cataract disorder by early detection is a main factor in charge of the market development. For example, the Cataract Blindness Control Program is in progress in India partnering with Aravind Eye Hospital and other NGOs for delivering of services.
Cataract Surgery Devices – By Region:
North America – U.S, Canada, Mexico
Europe – Germany, France, UK, Italy, Spain, Rest of Europe
Asia-Pacific – Japan, China, Australia, India, South Korea, Rest of Asia Pacific
Rest of the World – Brazil, South Africa, Saudi Arabia, United Arab Emirates, Others
Cataract Surgery Devices – Research Methodology:
We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.
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Cataract Surgery Devices – List of Tables:
Figure United States Cataract Surgery Devices Revenue (Million USD) and Growth Rate (2014-2023)
Figure Canada Cataract Surgery Devices Revenue (Million USD) and Growth Rate (2014-2023)
Figure Mexico Cataract Surgery Devices Revenue (Million USD) and Growth Rate (2014-2023)
Figure Germany Cataract Surgery Devices Revenue (Million USD) and Growth Rate (2014-2023)
Figure France Cataract Surgery Devices Revenue (Million USD) and Growth Rate (2014-2023)
Figure UK Cataract Surgery Devices Revenue (Million USD) and Growth Rate (2014-2023)
Figure Russia Cataract Surgery Devices Revenue (Million USD) and Growth Rate (2014-2023)
Figure Italy Cataract Surgery Devices Revenue (Million USD) and Growth Rate (2014-2023)
Figure Rest of Europe Cataract Surgery Devices Revenue (Million USD) and Growth Rate (2014-2023)
What our report offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends.
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements
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Also, key Cataract Surgery Devices market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered.
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