Cataract Surgery Devices Market 2024-2028
The cataract surgery devices market is forecasted to grow by USD 1861.6 mn during 2023-2028, accelerating at a CAGR of 5.21% during the forecast period. The report on the cataract surgery devices market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing prevalence of cataracts and rise in geriatric population, growing technological advances in cataract surgery devices, and rise in number of cataract procedures.
Technavio's cataract surgery devices market is segmented as below:
- By Product
- Intraocular lens (IOLs)
- Phacoemulsification devices
- Ophthalmic viscosurgical devices (OVDs)
- Femtosecond lasers
- By End-user
- Hospitals and clinics
- Ophthalmology centers
- By Geographical Landscape
- North America
- Europe
- Asia
- Rest of World (ROW)
This study identifies the rising medical tourism for low-cost cataract surgery as one of the prime reasons driving the cataract surgery devices market growth during the next few years. Also, increasing access to cataract surgery in emerging markets and availability of advanced and premium IOL implants will lead to sizable demand in the market.
The report on the cataract surgery devices market covers the following areas:
- Cataract surgery devices market sizing
- Cataract surgery devices market forecast
- Cataract surgery devices market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading cataract surgery devices market vendors that include Abbott Laboratories, AbbVie Inc., Alcon Inc., Bausch Health Companies Inc., Carl Zeiss AG, CRISTALENS, EssilorLuxottica, HOYA CORP., Johnson and Johnson Services Inc., Lenstec Inc., Metall Zug AG, Mitsui Chemicals Inc., NIDEK Co. Ltd., Oertli Instrumente AG, Rayner, ROWIAK GmbH, SIFI SPA, STAAR Surgical Co., Topcon Corp., and Ziemer Ophthalmic Systems AG. Also, the cataract surgery devices market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.