The global cataract surgical devices market size was USD 6.56 billion in 2018 and is projected to reach USD 9.98 billion by 2026, with a CAGR of 5.4% during the forecast period.
The report provides a detailed examination of statistics related to current and arising trends to slip light on Cataract Surgical Devices Market. It utilizes Porter's Five Forces frame to assess the significance of different factors, including supplier and customer understanding, trouble assessment, competition intensity, and implicit openings for arising businesspersons to gain precious perceptivity. The report also presents disquisition data from various companies, benefits, gross fringe, strategic opinions of the worldwide request, and other applicable information through tables, charts, and infographics.
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Key highlights of the Report:
Cataract, a common ocular disorder, leads to blurred vision and is prevalent among the geriatric population due to aging. Cataract surgeries, where the defective lens is replaced with artificial ones, are performed to correct blurred vision.
Factors causing cataracts include aging, genetic conditions, diabetes, and prolonged use of steroid medications. Various types of cataracts include nuclear, cortical, posterior subcapsular, and congenital cataracts.
Higher adoption of intraocular lenses, driven by an increasing number of cataract surgeries, is a significant factor boosting the cataract surgical devices market during the forecast period.
Innovative technologies and developing healthcare infrastructure in emerging countries contribute to the demand for higher-value cataract surgical equipment.
The rising prevalence of cataract, especially among the aging population, is a key driver for market growth. Government programs promoting eye care, such as those proposed by the Ministry of Health in India, further contribute to market growth.
The market is segmented by product type into phacoemulsification systems, femtosecond laser, intraocular lens, and ophthalmic viscoelastic devices & other consumables. Intraocular lenses are estimated to hold the major market share, driven by diverse cost offerings and increasing demand for cataract surgeries in Asia Pacific.
Hospitals are expected to generate the highest revenue in the cataract surgical equipment market, driven by an increasing number of cataract surgeries globally and evolving healthcare infrastructure.
Asia Pacific leads the market with a revenue of USD 2.09 billion in 2018, attributed to a higher prevalence of cataract disorders, favorable reimbursement policies, and a growing geriatric population.
North America is projected to be the second most prominent region in terms of revenue by 2026, driven by the strong presence of key market players, high awareness, and favorable reimbursement policies.
Key industry developments include product launches, strategic partnerships, acquisitions, and constant innovation in intraocular lenses. Notable examples include Johnson & Johnson Vision's launch of a phacoemulsification system and Alcon's launch of AcrySof IQ Vivity, a non-diffractive extended depth of focus intraocular lens.
Among the players in this sedulity is
Alcon( Part of Novartis AG)
Johnson and Johnson Services,Inc.
ZEISS International
Bausch & Lomb Incorporated
STAAR SURGICAL
Hoya Corporation
Oertli Instrumente AG
Rayner Intraocular Lenses Limited
Oculentis
SIFIS.p.A
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The sedulity report covers the following data points
Section 1 This section provides an overview of the global Cataract Surgical Devices Market request, including a introductory prolusion, analysis of its operations, types, and regions. The major regions covered in this sedulity are North America, Europe, Asia- Pacific, and the Middle East and Africa. The section presents statistics and outlook (2022- 2028) for the Cataract Surgical Devices Market sedulity. Request dynamics are also studied, including openings, pivotal driving forces, and request risks.
Section 2 This section lives request manufacturers predicated on their business overview, product type, operation, deals volume, request product price, gross fringe analysis, and share.
Sections 3 and 4 Each manufacturer's deals, earnings, and request share are analyzed for request competition. Regional sedulity conditions are also covered.
Sections 5 and 6 For each region, this report provides deals vaticinations for Cataract Surgical Devices Market (2022 – 2028) through direct and indirect marketing channels, as well as for dealers, distributors, and development trends.
Sections 7 and 8 In these sections, we cover the disquisition conclusions, methodology, and data sources used in the sedulity analysis.
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