Cataract Surgery Devices Market Revenue to close at USD 10182.75 MN by 2027
Posted On June 02, 2021
The Global Cataract Surgery Devices Market is foreseen to grow at a remarkable CAGR of 5.5% during the year 2021-2027 as estimated by the report from Value Market Research wherein the market value is expected to grow to USD 10182.75 MN by 2027.The growing prevalence of cataract cases is the important driver that attributes to the growth of the cataract surgery devices market. Also, the increasing geriatric population will lead to the market growth of cataract surgery devices as they are more prone to such diseases. The increased adoption of phacoemulsification cataract surgery devices by the patients due to the advantages like no need for hospitalization, no restriction on normal activities, etc. is further responsible for propelling the market growth of these devices. Furthermore, technological advancements in ophthalmic devices will boost market growth. However, the high cost associated with cataract surgery devices may hinder the growth of the cataract surgery devices market. The increase in focus on customer training plays an important role in supporting the market growth of cataract surgery devices.
Cataract surgery devices are ophthalmic instruments that are used to remove the lens in eye surgery. Some common cataract eye surgery devices are Castro Viejo caliper, Colibri forceps, capsulorhexis forceps, capsulotomy forceps, hydrodissector, diamond knife, viscoelastic cannulas, etc. cataract increases the opacity of eye-lenses and gradually resulting in progressive impairment of vision. Common symptoms of cataracts see halos around light, cloudy or blurred vision. In Phacoemulsification, an ultrasonic device is used to break the cataract and improve the vision.
The geographical and segmentation study covered in the report "Global Cataract Surgery Devices Market Report By Product (Intraocular Lens (IOL), Ophthalmic Viscoelastic Device (OVD), Phacoemulsification Equipment),By End User (Hospitals, Ophthalmology Clinics, Ambulatory Surgery Centers) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2021-2027" helps in understanding the upcoming trends of the market .
On the basis of product the market is segmented into Intraocular Lens (IOL), Ophthalmic Viscoelastic Device (OVD), Phacoemulsification Equipment. By end user the cataract surgery devices market is categorised as Hospitals, Ophthalmology Clinics, Ambulatory Surgery Centers. Geographically the research study provides data on North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions. This section provides the estimates of market by segment, thus providing valuable data to take strategic decisions.
The Report Segments Global Cataract Surgery Devices Market -
- Intraocular Lens (IOL)
- Ophthalmic Viscoelastic Device (OVD)
- Phacoemulsification Equipment
By End User
- Ophthalmology Clinics
- Ambulatory Surgery Centers
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Players Profiled In the Report:
Carl Zeiss Meditech AG, Abbott Laboratories, Alcon, Inc., Allergan, Inc., Essilor International S.A, Bausch & Lomb, Inc., opcon Corporation, NIDEK Co., Ltd., STAAR Surgical Company.
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