The global cataract surgery devices market is estimated to be growing at a CAGR of 4% during the forecast period, to reach the estimated valuation of USD 12.2 million in the year 2030.
The key factors driving the market growth include rising number of eye diseases, increase in geriatric population globally, and product innovations.
ResearchMoz takes deeper dive into the market analysis and shares a detailed report covering size, growth factors, challenges, opportunities, threats, etc.
Dry Eye Syndrome Drives the Market
Growing awareness about the treatment and rising prevalence of related ocular disorders such as dry eye syndrome is acting as a major driver for the market. In addition to this, technological advancement in cataract surgery devices such as materials used in intraocular lenses and mostly minimally invasive techniques is expected to further the market growth in coming years.
Intraocular Technologies to Boost the Demand for Cataract Surgery Devices
The intraocular technology is gaining popularity in the vision care sector. The advantage of Intracapsular Injection is that it is suitable for surgeries with small incision, less swelling, and faster recover, thus leading to increase in demand for cataract surgery devices market in the upcoming years.
Increasing prevalence of lifestyle disorder such as diabetes is a threat to the vision and may result in cataract, thus owing to the growth opportunities of the global cataract surgery market. It has been established in various researches that diabetes does affect the vision and cataract is one of them.
Covid pandemic had a negative impact on the cataract surgeries devices market as all the surgeries were moved to the later period due to covid patients being given the priority.
Asia Pacific will emerge as a flourishing market due to increasing patient population, improved health infrastructure, etc.
Since cataract surgeries are minimally invasive in nature due to the advanced laser technologies, the global cataract surgery devices market will witness an ascension.
Geriatric Population to Surge North America Market
North America is expected to hold a largest share in the global cataract surgery devices market, owing to increasing geriatric population with ocular disorders and conditions such as diabetes. Further, the advanced technologies and precision surgeries make this market a hot spot for growth.
ResearchMoz shares a well put and a comprehensive report about the competition in the global cataract surgery devices market and the thoughtful strategies that are being adopted by the key market players. The report would help the new entrants to understand the market better and take informed decisions to succeed in this arena.
The major players in this market are focusing on product innovation using technologies to its best. These players are as follows
- Coburn Technologies Inc.
- Johnson and Johnson
Although a detailed market report is available with ResearchMoz, which elucidates on the market dynamics based on factual information and analysis, here are the key takeaways from the report.
The global cataract surgery devices market is segmented into product types and end users.
Companies like Johnson and Johnson, Alcon Inc. are making a revolutionary change in the vision care sector.
The minimally invasive surgeries are gaining popularity, increasing the growth potentials.
By Product Type
- Phacoemulsification Equipment
- Intraocular Lenses
- Ophthalmic Viscoelastic Devices
- Ambulatory Surgery Centers
- South Korea
Middle East & Africa (MEA)