Global Phacoemulsification Devices Market 2024-2028

Global Phacoemulsification Devices Market 2024-2028

The phacoemulsification devices market is forecasted to grow by USD 622.54 mn during 2023-2028, accelerating at a CAGR of 5.36% during the forecast period. The report on the phacoemulsification 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 the increasing prevalence of cataracts, technological advances in phacoemulsification, and initiatives to increase awareness and access to phacoemulsification in developing countries.

Technavio's phacoemulsification devices market is segmented as below:

By Product

• Phacoemulsification consumables
• Phacoemulsification systems

By End-user

• Hospitals
• Clinics
• Research institutes

By Geography

• North America
• Europe
• Asia
• Rest of World (ROW)

This study identifies glaucoma surgery combined with cataract surgery via phacoemulsification as one of the prime reasons driving the phacoemulsification devices market growth during the next few years. Also, the increasing popularity of femtosecond lasers as an alternative to phacoemulsification and increasing medical tourism for low-cost cataract surgery will lead to sizable demand in the market.

The report on the phacoemulsification devices market covers the following areas:

• Phacoemulsification devices market sizing
• Phacoemulsification devices market forecast
• Phacoemulsification 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 phacoemulsification devices market vendors that include Alcon Inc., Bausch Health Companies Inc., Carl Zeiss AG, Escalon Medical Corp., Glaukos Corp., Halma Plc, HOYA Corp., HumanOptics Holding AG, Johnson and Johnson, Lenstec Inc., LIGHTMED Corp., LUMed GmbH, Medical Technical Products, Metall Zug AG, NIDEK Co. Ltd., Rayner, SIFI SPA, STAAR Surgical Co., Topcon Corp., and Ziemer Ophthalmic Systems AG. Also, the phacoemulsification 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 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 research - both primary and secondary. 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.