Cataract Surgery Devices Market was worth US$ 7.4 billion in 2020 and is expected to grow at a 5% CAGR from 2022 to 2032.
Cataract surgery involves removing the clouded natural lens of the eye and replacing it with an artificial lens that helps restore vision. Most cataract patients suffered from blurred vision, if not complete blindness unless the cataract was surgically removed. The only way to restore vision and see clearly again is to have the cataract surgically removed. Cataract surgery is typically performed as an outpatient procedure, and most patients are discharged on the same day.
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Cataracts are the most common worldwide cause of impaired vision and are a particular problem in developing countries, where they commonly lead to blindness. According to National Institute of Eye. The risk of cataract increase with each decade of life starting around age of 40. By age 75, half of Americans have cataract. By age 80, 70 percent of American population have cataract.
Cataract Surgery Devices Market: Drivers and Restraints
Cataract surgery devices global market is driven by the aging population, increased prevalence of ocular disorders.
Cataract surgery devices global market drives the geriatric population, increase in the prevalence of ocular disorders, technological advancement in healthcare around the globe and growth in the emerging economies. However, lack of healthcare insurance, lack of general awareness among people about eye disorders and poor primary healthcare infrastructure are some factors that act as a barrier for this market.
Cataract Surgery Devices Market: Overview
With rapid technological advancement in healthcare, increase in the prevalence of ocular disorders, and the aging population. The cataract surgery devices global market is expected to have a healthy growth rate in the forecast period (2015-2025).
Intraocular Lens Implants refer to the instruments and tools used by ophthalmologists to remove a cloudy lens (cataract) from the eye and replace it with an artificial lens implant.
Cataract Surgery Devices Market: Region-wise Outlook
Depending on geographic region, global cataract surgery devices marketis segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa.
Due to the high population Asia-pacific shows the fastest growth, and due to the large geriatric population North America and Europe have the high growth rate.
Cataract Surgery Devices Market: Key Players
• Carl Zeiss Meditech AG,
• Bausch & Lomb Inc.,
• Alcon Incorporated,
• NIDEK Co. Ltd.,
• Essilor International S.A
• others.
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