Ocular Surgery Market, by Procedure Type (Cataract Surgery, Glaucoma Surgery, Vitrectomy Surgery, and Refractive Error Surgery), by Device Type (Cataract Surgery Devices {IOL (Intraocular Lenses), OVD (Ophthalmic Viscosurgical Devices), and Phacoemulsification Devices}, Glaucoma Surgery Devices {GDD (Glaucoma Drainage Device), Implants and Stents, and Lasers and Systems}, Vitrectomy Surgery Devices {Vitrectomy Packs, and Vitrectomy Machines}, Refractive Error Surgery Devices {Exciplex lasers, YAG (yttrium aluminum garnet) Lasers, Microkeratomes, and Femtosecond Lasers}), by End User (Hospitals, Ophthalmic clinics, Others (Academic and Research Institutions, among others)), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028
Ocular surgery or eye surgery is performed on the eye or its adnexa, typically by an ophthalmologist. Ocular surgery can be used to treat different types of eyes problems such as cataracts, retinal tears, detached retinas, diabetic retinopathy, refractive error, glaucoma, acute macular degeneration (AMD), and others. Cataract surgery is one of the most commonly performed ocular surgery. Cataract surgery, also called lens replacement surgery, involves the removal of the natural lens of the human eye which has developed a cataract, and replacement with an artificial lens. A cataract is a cloudy area in the lens of the human eye which causes blurry vision. Some factors that increase the risk of cataracts include increasing age, diabetes, obesity, previous eye injury or inflammation, high blood pressure, excessive exposure to sunlight, prolonged use of corticosteroid medications, and others.
Market Dynamics
The increasing prevalence of eye-related disorders such as glaucoma, cataract, and others, rising technological advancements in ocular surgery, and increasing adoption of inorganic growth strategies such as acquisitions and collaborations by key players operating in the market are the major factors that are expected to drive growth of the global ocular surgery market over the forecast period.
For instance, according to an article published by the Cureus journal in November 2020, it is estimated that around 57.5 million people, globally were affected by POAG (primary open-angle glaucoma) with a global prevalence of 2.2% in 2017. The same source also states that it is expected that the number of people suffering from glaucoma, globally would reach around 111.8 million by 2040.
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