Cataract Surgery Devices Market By Product (Intraocular Lens, Phacoemulsification Equipment, Ophthalmic Viscoelastic Device), By Type (Equipments, Consumbales), By End User (Hospitals, Opthalamic Clinics, Research Institutes): Global Opportunity Analysis and Industry Forecast, 2020-2030
A cataract is a condition wherein clouding of the lens occurs resulting in decreased vision. Cataract surgery is the removal of the clouded natural lens and involves the implantation of the artificial or intraocular lens. Medical devices, such as intraocular lens, phacoemulsification systems, forceps, and balanced salt solution, which aid in cataract surgical procedures are known as cataract surgery devices. The cataract surgery devices are used for the treatment of cataracts, without causing any damage to the cornea. Cataract surgery is a low-risk procedure with an excellent record of safety and success. If the disease is detected at an earlier stage, surgery becomes important or else cataract will grow and lead to loss of vision.
An increase in the prevalence of cataract disease, growth in incidences of ocular disorders, as well as technological advancements in ophthalmic devices drives the market. In addition, the rise in geriatric population worldwide boosts the market growth. Lack of healthcare insurance and less awareness among individuals regarding the benefits of cataract surgery impede the growth of the cataract surgery devices market. However, the high cost associated with cataract surgeries especially in developing economies, such as India, China, Brazil, and South Africa also restrict the growth of the market. Moreover, governments introduce programs to reduce the burden of cataract-related diseases, which create lucrative opportunities for key market players.
The global cataract surgery devices market is segmented on the basis of product, type, end-user, and region. By product, the market is divided into the intraocular lens (IOL), ophthalmic viscoelastic device (OVD), and phacoemulsification equipment. By type, the market is classified into equipment and consumables. By end-user, the market is categorized into hospitals, ophthalmology clinics, and ambulatory surgery centers.
By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
This report provides comprehensive competitive analysis and profiles of prominent market players such as Abbott Laboratories, Novartis AG, Carl Zeiss Meditec AG, Essilor International S.A., HAAG-Streit Holding AG, Johnson & Johnson, Nidek Co., Ltd., Topcon Corporation, Valeant Pharmaceuticals International, Inc., and Ziemer Ophthalmic Systems AG.
The other players in the value chain include HumanOptics AG, PhysIOL S.A., Calhoun Vision Cente, EyeKon Medical, Inc., Allergan Inc., VisionCare Ophthalmic Technologies, Inc., Essilor International S.A., Lenstec, Inc., STAAR Surgical Company, Glaukos Corporation, and Sonomed Escalon.
Key Market Segments
By Product
Intraocular Lens
Phacoemulsification Equipment
Ophthalmic Viscoelastic Device
By Type
Equipments
Consumbales
By End User
Hospitals
Opthalamic Clinics
Research Institutes
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Rest Of Asia Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
Carl Zeiss Meditec AG
Johnson and Johnson
Essilor International S.A
Nidek Co Ltd
Topocon
Bausch Lomb
Alcon Inc
STAAR Surgical Company
HAAG Streit Holding
Ziemer Ophthalmic Systems AG.
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