Global Cataract Surgery Devices Market Research Report 2023(Status and Outlook)

Global Cataract Surgery Devices Market Research Report 2023(Status and Outlook)

Report Overview

Cataract is an eye-related disease in which clouding of the eye lens is observed that leads to loss of vision. Cataract surgery is the removal of clouded natural lens, and involves implantation of intraocular lens.

The devices and instruments such as phacoemulsification systems, ophthalmic viscoelastic devices, drapes, gloves, balanced salt solution, forceps, irrigation set, and intraocular lenses, which aid in this cataract surgical procedure is known as cataract surgery devices, as these serve as an appropriate instrument for such eye defects and cause no harm to cornea. According to WHO, one of the major causes of visual impairment is unoperated cataract, which constitutes to about 33% of the total global population as of 2017. Moreover, 90% of the visually impaired people live in developing economies.

Increase in prevalence of cataract disease as well as technological advancements in ophthalmic devices drive the market. In addition, the rise in geriatric population worldwide boost 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, 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 Size was estimated at USD 6126.50 million in 2022 and is projected to reach USD 8171.21 million by 2029, exhibiting a CAGR of 4.20% during the forecast period.

Bosson Research’s latest report provides a deep insight into the global Cataract Surgery Devices market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Cataract Surgery Devices Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Cataract Surgery Devices market in any manner.

Global Cataract Surgery Devices Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

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.

Ziemer Ophthalmic Systems AG

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

Sonomed Escalon

Market Segmentation (by Type)

Intraocular Lens (IOL)

Ophthalmic Viscoelastic Device (OVD)

Phacoemulsification Equipment

Market Segmentation (by Application)

Retail & Consumer Goods

Travel & Hospitality

Manufacturing

Media & Entertainment

Healthcare

BFSI

Others

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Cataract Surgery Devices Market

Overview of the regional outlook of the Cataract Surgery Devices Market:

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors