Cataract Surgery Devices Market Statistics
The global cataract surgery devices market is projected to touch the estimated valuation of USD 12.2 million by 2030, growing at a CAGR of 4% as compared to its previous valuation of USD 8.3 million in 2020
The growing population of elderly people is the primary driver for the growth of this market. The number of people aged 60 years and above is expected to increase by 2050, owing to the growth of the global cataract surgery devices market over the forecast period.
Ocular Diseases to Drive the Cataract Surgery Devices Market
The rising ocular diseases such as dry eye syndrome is among elderly population, more in women is expected to drive the global cataract surgery devices market in the coming years. Dry eye syndrome is associated with cataract issues, however correct diagnosis and treatment management of ocular diseases is necessary before moving on to cataract surgery. Rise in the demand for minimally invasive surgeries due to technological advancements in cataract surgery devices is also paving the way for market growth in the coming years.
Intracapsular Injection to Strengthen Growth Opportunities
Cataract surgery has undergone sea of technological changes over the years and have evolved in the ophthalmology sector. The latest innovation in the area of cataract surgery is here, it is known as Intracapsular injections which recently received FDA approval. This will be used in the place of eye drops, post operative to treat inflammation, owing to growth opportunities of the global cataract surgery devices market.
Technological advances associated with this needed vortex mixer to prepare the drug before the surgery, which further strengthens the global cataract surgery devices market.
Lack of awareness about the ocular diseases and lack of skilled staff are anticipated to hinder the market growth.
However, healthcare reforms from private sector and government initiatives are expected to boost the growth opportunities of the global cataract surgery devices market.
| Data Points | Market Insights |
| Market Value 2020 | US$ 8.3 Million |
| Market Value 2030 | US$ 12.2 Million |
| Market Growth Rate 2020-2030 | 4% |
| Top Regional Market | North America |
| Key Players | Alcon, Inc., Johnson and Johnson , NIDEK, Coburn Technologies Inc., Abbott |
| Segment | Product type (Ophthalmic Viscoelastic Device (OVD), Femtosecond Laser Equipment, Phacoemulsification Equipment, Intraocular Lens (IOL) and End Users (Hospitals, ambulatory surgery centers, and clinics) |
Intraocular Lens Segment Dominate the Market
Based on product, the global cataract surgery devices market is segmented into – Ophthalmic Viscoelastic Device (OVD), Femtosecond Laser Equipment, Phacoemulsification Equipment, ntraocular Lens (IOL). Of these, the intraocular lens segment is expected to dominate the market over the forecast period. The growth of the segment is primarily due highest adoption of foldable IOLs and advanced IOLs. This will also help in the reduction in risk of secondary complications arising out of the procedure. It offers minimal intra-operative retinal stimulation, thereby providing a comfortable patient experience. Moreover, t preserves the natural integrity of the retina and does not require intra-operative retinotomy and also allows quicker post-operative visual recovery.
Based on end users, the global cataract surgery device market is divided into the – Hospitals, ambulatory surgery centers, and clinics. However, the hospital segment is projected to hold a larger share in the global cataract surgery devices market. The growth of this segment can be accounted to growth of medical tourism, increasing cases of cataract in geriatric population with history of health issues, and improved health infrastructure in the hospitals.
Regional Overview
Based on regional growth, North America is projected to hold a highest share in the global cataract surgery device market during the forecast period. The growth in the region can be attributed to rising geriatric population, availability of advanced devices, and good medical reimbursement policies are expected to drive the growth of this region.
Alongside, Asia Pacific is anticipated to develop as an emerging market, owing to c rapid technological advancements taking place in the region for better treatment.
Competitive Landscape
In March 2022, Coburn Technologies introduced revolutionizing technology, the Integrity recovery system reclaims leftover alloys for reuse in eye lens manufacturing, avoiding the hazards of traditional systems.
In March 2022, Johnson and Johnson Medtech has received the honor of getting a spot on most innovative companies of 2022 list shared by Fast Company. Innovation has always been at the forefront for Johnson and Johnson to bring transformation in the healthcare system.
In April 2022, Alcon, a global leader in eye care announced about its Smart Solutions data being presented to American Society of Cataract and Refractive Surgery (ASCRS) meeting. Alcon is leading the charge by leveraging innovative advancements. Implementing SMART Cataract will reduce your operating room time & cost.
Some of the giants in the global cataract surgery devices market –
- Alcon,Inc.
- Johnson and Johnson
- NIDEK
- Coburn Technologies Inc.
- Abbott
By Product Type
- Phacoemulsification Equipment
- Intraocular Lenses
- Ophthalmic Viscoelastic Devices
- Others
By End-User
- Hospitals
- Clinics
- Ambulatory Surgery Centers
- Others
Regional Outlook
North America
- U/S.
- Canada
Europe
- U.K.
- Germany
- France
Asia Pacific
- China
- India
- Japan
- South KoreaÂ
Latin America
- Brazil
- Mexico
Middle East & Africa (MEA)
Frequently Asked Questions
What are the key Cataract Surgery Devices Market segments and sub-segments?
The cataract market is segmented into product types and end user types. Under product types, it is further segmented into- Phacoemulsification Equipment, Intraocular Lenses, Ophthalmic Viscoelastic Devices, and Others. Under end users, it is sub segmented into Hospitals, Clinics, Ambulatory Surgical Clinics, and Others.
What is forecast period of the global cataract surgery devices market?
The forecast period of the market is between 2020 to 2030.
What is the growth rate of cataract surgery device market?
The market would grow at a CAGR of 4% during the forecast period.
Table Of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Cataract Surgery Devices Market Analysis 2017-2021 and Forecast, 2022-2032
4.1. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis, 2017-2021
4.2. Current and Future Market Size Value (US$ Mn) & Volume (Units) Projections, 2022-2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Cataract Surgery Devices Market Analysis 2017-2021 and Forecast 2022-2032, By By Product Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By By Product Type, 2017-2021
5.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By By Product Type, 2022-2032
5.3.1. Phacoemulsification Equipment
5.3.2. Intraocular Lenses
5.3.3. Ophthalmic Viscoelastic Devices
5.3.4. Others
5.4. Y-o-Y Growth Trend Analysis By By Product Type, 2017-2021
5.5. Absolute $ Opportunity Analysis By By Product Type, 2022-2032
6. Global Cataract Surgery Devices Market Analysis 2017-2021 and Forecast 2022-2032, By By End-User
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By By End-User, 2017-2021
6.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By By End-User, 2022-2032
6.3.1. Hospitals
6.3.2. Clinics
6.3.3. Ambulatory Surgery Centers
6.3.4. Others
6.4. Y-o-Y Growth Trend Analysis By By End-User, 2017-2021
6.5. Absolute $ Opportunity Analysis By By End-User, 2022-2032
7. Global Cataract Surgery Devices Market Analysis 2017-2021 and Forecast 2022-2032, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Region, 2017-2021
7.3. Current Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Region, 2022-2032
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. East Asia
7.3.5. South Asia
7.3.6. Oceania
7.3.7. MEA
7.4. Market Attractiveness Analysis By Region
8. North America Cataract Surgery Devices Market Analysis 2017-2021 and Forecast 2022-2032, By Country
8.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021
8.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
8.2.1. By Country
8.2.1.1. U.S.
8.2.1.2. Canada
8.2.2. By By Product Type
8.2.3. By By End-User
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By By Product Type
8.3.3. By By End-User
8.4. Key Takeaways
9. Latin America Cataract Surgery Devices Market Analysis 2017-2021 and Forecast 2022-2032, By Country
9.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021
9.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Argentina
9.2.1.4. Chile
9.2.1.5. Peru
9.2.1.6. Rest of Latin America
9.2.2. By By Product Type
9.2.3. By By End-User
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By By Product Type
9.3.3. By By End-User
9.4. Key Takeaways
10. Europe Cataract Surgery Devices Market Analysis 2017-2021 and Forecast 2022-2032, By Country
10.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021
10.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. Italy
10.2.1.3. France
10.2.1.4. U.K.
10.2.1.5. Spain
10.2.1.6. Russia
10.2.1.7. BENELUX
10.2.1.8. Rest of Europe
10.2.2. By By Product Type
10.2.3. By By End-User
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By By Product Type
10.3.3. By By End-User
10.4. Key Takeaways
11. East Asia Cataract Surgery Devices Market Analysis 2017-2021 and Forecast 2022-2032, By Country
11.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021
11.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
11.2.1. By Country
11.2.1.1. China
11.2.1.2. Japan
11.2.1.3. South Korea
11.2.2. By By Product Type
11.2.3. By By End-User
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By By Product Type
11.3.3. By By End-User
11.4. Key Takeaways
12. South Asia Cataract Surgery Devices Market Analysis 2017-2021 and Forecast 2022-2032, By Country
12.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021
12.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
12.2.1. By Country
12.2.1.1. India
12.2.1.2. Thailand
12.2.1.3. Malaysia
12.2.1.4. Indonesia
12.2.1.5. Rest of South Asia
12.2.2. By By Product Type
12.2.3. By By End-User
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By By Product Type
12.3.3. By By End-User
12.4. Key Takeaways
13. Oceania Cataract Surgery Devices Market Analysis 2017-2021 and Forecast 2022-2032, By Country
13.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021
13.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
13.2.1. By Country
13.2.1.1. Australia
13.2.1.2. New Zealand
13.2.2. By By Product Type
13.2.3. By By End-User
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By By Product Type
13.3.3. By By End-User
13.4. Key Takeaways
14. MEA Cataract Surgery Devices Market Analysis 2017-2021 and Forecast 2022-2032, By Country
14.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021
14.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
14.2.1. By Country
14.2.1.1. GCC
14.2.1.2. Rest of MEA
14.2.2. By By Product Type
14.2.3. By By End-User
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By By Product Type
14.3.3. By By End-User
14.4. Key Takeaways
15. Key Countries Cataract Surgery Devices Market Analysis
15.1. U.S.
15.1.1. Pricing Analysis
15.1.2. Market Share Analysis, 2021
15.1.2.1. By By Product Type
15.1.2.2. By By End-User
15.2. Canada
15.2.1. Pricing Analysis
15.2.2. Market Share Analysis, 2021
15.2.2.1. By By Product Type
15.2.2.2. By By End-User
15.3. Brazil
15.3.1. Pricing Analysis
15.3.2. Market Share Analysis, 2021
15.3.2.1. By By Product Type
15.3.2.2. By By End-User
15.4. Mexico
15.4.1. Pricing Analysis
15.4.2. Market Share Analysis, 2021
15.4.2.1. By By Product Type
15.4.2.2. By By End-User
15.5. Argentina
15.5.1. Pricing Analysis
15.5.2. Market Share Analysis, 2021
15.5.2.1. By By Product Type
15.5.2.2. By By End-User
16. Market Structure Analysis
16.1. Competition Dashboard
16.2. Competition Benchmarking
16.3. Market Share Analysis of Top Players
16.3.1. Â By Regional
16.3.2. Â By By Product Type
16.3.3. Â By By End-User
17. Competition Analysis
17.1. Competition Deep Dive
17.1.1. Alcon Inc.
17.1.1.1. Overview
17.1.1.2. Product Portfolio
17.1.1.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
17.1.1.4. Sales Footprint
17.1.1.5. Strategy Overview
17.1.1.5.1. Marketing Strategy
17.1.1.5.2. Product Strategy
17.1.1.5.3. Channel Strategy
17.1.2. Johnson and Johnson
17.1.2.1. Overview
17.1.2.2. Product Portfolio
17.1.2.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
17.1.2.4. Sales Footprint
17.1.2.5. Strategy Overview
17.1.2.5.1. Marketing Strategy
17.1.2.5.2. Product Strategy
17.1.2.5.3. Channel Strategy
17.1.3. NIDEK
17.1.3.1. Overview
17.1.3.2. Product Portfolio
17.1.3.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
17.1.3.4. Sales Footprint
17.1.3.5. Strategy Overview
17.1.3.5.1. Marketing Strategy
17.1.3.5.2. Product Strategy
17.1.3.5.3. Channel Strategy
17.1.4. Coburn Technologies Inc.
17.1.4.1. Overview
17.1.4.2. Product Portfolio
17.1.4.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
17.1.4.4. Sales Footprint
17.1.4.5. Strategy Overview
17.1.4.5.1. Marketing Strategy
17.1.4.5.2. Product Strategy
17.1.4.5.3. Channel Strategy
17.1.5. Abbott
17.1.5.1. Overview
17.1.5.2. Product Portfolio
17.1.5.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
17.1.5.4. Sales Footprint
17.1.5.5. Strategy Overview
17.1.5.5.1. Marketing Strategy
17.1.5.5.2. Product Strategy
17.1.5.5.3. Channel Strategy
18. Assumptions & Acronyms Used
19. Research Methodology
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