Cataract Surgery Devices Market, By Device Type (Intraocular lens (IOL), Ophthalmic Viscoelastic Device (OVD), Phacoemulsification Equipment and Femtosecond Laser Equipment), End Users (Ophthalmology Centers, Hospitals, Clinics), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Cataract Surgery Devices Market
The cataract surgery devices market is expected to witness market growth at a rate of 4.03% in the forecast period of 2021 to 2028 and is expected to reach 11,358.4 USD million by 2028. Data Bridge Market Research report on cataract surgery devices market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the elderly population is escalating the growth of cataract surgery devices market.
A cataract can be referred to as an eye-related disorder in which clouding of the eye lens is observed which leads to permanent vision loss. Cataract surgery is the eradication of the clouded natural lens and includes the inserting of the intraocular lens. The therapy includes substituting it with an artificial lens that helps to re-establish a vision of the eye.
Major factors that are expected to boost the growth of the cataract surgery devices market in the forecast period are the increase in the incidence of the ocular disorders. Furthermore, the technological development in the healthcare such as the use of lasers is further anticipated to propel the growth of the cataract surgery devices market. Moreover, the rise in the occurrences of diseases such as diabetes, obesity, and hypertension is further estimated the growth of the cataract surgery devices market. On the other hand, the absence of skilled professionals is further projected to impede the growth of the cataract surgery devices market in the timeline period.
- In addition, the enhancements in the technologies, increase in research and development expenses for the advancing effective cataract surgery devices will further provide potential opportunities for the growth of the cataract surgery devices market in the coming years. However, the absence of alertness concerning the cataract disorders particularly in the advancing countries might further challenge the growth of the cataract surgery devices market in the near future.
This cataract surgery devices market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on cataract surgery devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Cataract Surgery Devices Market Scope and Market Size
The cataract surgery devices market is segmented on the basis of device type and end users. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of device type, the cataract surgery devices market is segmented into intraocular lens (IOL), ophthalmic viscoelastic device (OVD), phacoemulsification equipment and femtosecond laser equipment.
- On the basis of end users, the cataract surgery devices market is segmented into ophthalmology centers, hospitals, and clinics.
Cataract Surgery Devices Market Country Level Analysis
The cataract surgery devices market is analysed and market size insights and trends are provided by country, device type and end users as referenced above.
The countries covered in the cataract surgery devices market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the cataract surgery devices market due to the elderly population. Furthermore, the occurrence of major key players will boost the growth of the cataract surgery devices market in the region during the forecast period. Asia-Pacific is projected to observe significant amount of the cataract surgery devices market due to the rise in the population. Moreover, the growth of the economic development in the several countries is further cataract surgery devices market in the region in the coming years.
The country section of the cataract surgery devices market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
The cataract surgery devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for cataract surgery devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the cataract surgery devices market. The data is available for historic period 2010-2019.
Competitive Landscape and Cataract Surgery Devices Market Share Analysis
The cataract surgery devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to cataract surgery devices market.
The major players covered in the cataract surgery devices market report are Hoya Corporation, Allergan plc., Oculentis, NIDEK CO., LTD., Lumenis, Abbott, Johnson & Johnson Private Limited, New World Medical Inc., Carl Zeiss Meditech AG, Essilor, Alcon, Opcon Corporation, HAAG-Streit Holding AG, Bausch & Lomb Incorporated, STAAR Surgical Company, Ziemer Ophthalmic Systems, Novartis AG, Topcon, HumanOptics AG, Valeant Pharmaceuticals International, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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