Cataract Surgery Devices Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020-2026

Cataract refers to the clouding of lens of the eye which prevents clear vision. It is the leading cause of preventable blindness and is responsible for about 51% of world blindness. It is an important cause of low vision in both developed and developing countries. Most cases of cataract are related to the ageing process. Surgeries are often performed in order to treat this condition. Conventionally, a cataract surgery is performed by surgically implanting an intraocular lens into the eye in order to replace the patient's natural lens inside the eye that has become cloudy and obstructs vision. The decision of selecting of the appropriate lens for implantation is typically made by the surgeon based on the condition of the patient's lens. According to the National Eye Institute, roughly 24.4 million Americans had cataracts in 2010, and that number is expected to grow to 50.2 million by 2050. Cataract surgery device market is influenced by some of the major factors such as Increase in prevalence of cataract diseases, rise in the geriatric population and technological advancements in ophthalmic devices. Moreover, increasing medical tourism for low cost cataract surgery and developing economies will act as a great opportunity for cataract surgery device manufacturers. However, low awareness among people related to eye disorders, complex & expensive surgeries and lack of supporting infrastructure to counter post-operative complexities will limit the market growth.

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Insights Presented in the Report

  • Based on equipment, the Cataract Surgery Devices Market is fragmented into Intraocular Lens (IOL), Ophthalmic Viscoelastic Device (OVD), Phacoemulsification Equipmentand Femtosecond Laser Equipment. An intraocular lens is conventionally used as an implant for the replacement of the patient's natural lens inside the eye
  • Based on the product type, the Cataract Surgery Devices Market is segmented into Equipment and Consumables. Equipment are deployed for the lens implantation or carrying out surgical procedures. Consumables such as syringe, needle, drapes, dye, gloves, Balanced Salt Solution (BSS), and other disposable items among others are used during surgery
  • Based on surgery type, the Cataract Surgery Devices Market is bifurcated into Phacoemulsification, Extracapsular Cataract Extraction (ECCE) Surgery, Femtosecond Laser Surgery and Others. Phacoemulsification is the most common cataract surgery that is performed in United States and other developed countries
  • Based on the gender, the Cataract Surgery Devices Market is bifurcated into males and females. cataract could affect both the genders equally
  • Based on the end-user, the market is bifurcated into hospitals, ophthalmology clinics and ambulatory surgery centers. Ophthalmology clinics focuses on the different aspects of the eye surgery including cataract surgery
  • For better understanding on the Cataract Surgery Devices Market dynamics of Cataract Surgery Device market, detailed analysis was conducted for different countries in the region including North America (United States, Canada and Rest of North America), Europe (Germany, UK, France, Italy, Spain and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), and Rest of the World
  • Some of the major players operating in the market include Abbott Medical Optics Inc., Essilor International S.A., Johnson & Johnson Vision, Topcon Corporation, Carl Zeiss Meditec Ag, Alcon, Inc., Allergan, Inc., Bausch & Lomb, Inc., Ziemer Ophthalmic Systems AG, and Haag-Streit Holding AG among others

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  • The study includes Cataract Surgery Devices Market sizing and forecasting analysis validated by authenticated key industry experts
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  • The report covers in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
  • Detailed examination of drivers, restraints, key trends and opportunities prevailing in the industry
  • Examination of industry attractiveness with the help of Porter’s Five Forces analysis
  • The study comprehensively covers the market across different segments
  • Deep dive regional level analysis of the industry

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