US Cataract Surgery Devices Market Size study by Product (Intraocular Lens, Phacoemulsification Equipment, Ophthalmic Viscoelastic Device) by Type (Equipment, Consumables) by End User (Hospitals, Opthalamic Clinics, Research Institutes) Forecasts 2022-203
US Cataract Surgery Devices Market Size study by Product (Intraocular Lens, Phacoemulsification Equipment, Ophthalmic Viscoelastic Device) by Type (Equipment, Consumables) by End User (Hospitals, Opthalamic Clinics, Research Institutes) Forecasts 2022-2032
US Cataract Surgery Devices Market is valued approximately USD 2.61 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 2.61% over the forecast period 2024-2032. Cataract surgery devices are specialized instruments and equipment used in the surgical procedure to remove cataracts from the eye. Cataracts, cause the lens of the eye to become cloudy, can impair vision. The surgery typically involves the removal of the affected lens and its replacement with an artificial intraocular lens (IOL). Furthermore, US Cataract Surgery Devices Market is witnessing continuous advancements in technology, including the introduction of femtosecond lasers for cataract surgery, improved phacoemulsification machines with enhanced efficiency and safety features, and innovative intraocular lens designs offering better vision outcomes
The US Cataract Surgery Devices Market is driven by aging population in the country is contributing to an increased prevalence of cataracts, as they are more common among older individuals. The shifts towards minimally invasive techniques, such as micro-incision and laser-assisted cataract surgery, is fueling market growth as these procedures offer faster recovery times, fewer complications, and improved visual outcomes compared to traditional methods. Furthermore, the emphasis on value-based care and cost-effectiveness is driving the adoption of efficient and innovative devices that offer superior outcomes while controlling healthcare costs. In addition, advancements in technology, such as the introduction of femtosecond lasers and innovative intraocular lens designs, are improving surgical outcomes and driving the market growth. However, high spending associated to cataract surgery devices and stringent regulatory requirements and lengthy approval processes for new device are going to impede the overall demand for the market during the forecast period 2024-2032.
Major market player included in this report are: Alcon Management S.A. Abbott Medical Optics Bausch + Lomb Carl Zeiss Meditec STAAR Surgical Company Company 6 Company 7 Company 8 Company 9 Company 10
The detailed segments and sub-segment of the market are explained below:
By Product Intraocular Lens Phacoemulsification Equipment Ophthalmic Viscoelastic Device
By Type: Equipment Consumables
By End User: Hospitals Opthalamic Clinics Research Institutes
Years considered for the study are as follows: Historical year – 2022 Base year – 2023 Forecast period – 2024 to 2032
Key Takeaways: Market Estimates & Forecast for 10 years from 2022 to 2032. Annualized revenues and Country level analysis for each market segment. Detailed analysis of geographical landscape with Country level analysis of major regions. Competitive landscape with information on major players in the market. Analysis of key business strategies and recommendations on future market approach. Analysis of competitive structure of the market. Demand side and supply side analysis of the market.
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Chapter 1. US Cataract Surgery Devices Market Definition and Research Assumptions