Rising awareness regarding vision impairment, prevalence of chronic diseases, and expanding geriatric population are dynamically governing the growth of the global cataract surgical devices market. According to the World Health Organization’s World Report on Vision, October 2019, cataract and uncorrected refractive errors are the leading causes of vision impairment around the globe with majority of people above the age of 50 years. Increasing number of diabetic patients is significantly contributing towards the growth of cataract as diabetic patients are more susceptible to the development of cataract.
The healthcare authorities around the globe, especially from mid-income and low-income countries are engaged in spreading awareness about vision impairment and are promoting eye care and treatment at subsidized or no cost. This is expected to fuel the growth of cataract surgical devices market in near future.
Additionally, prolonged exposure to UV rays, and medications such as corticosteroids also contribute towards slow development of cataract and is prominent across the urban areas, which is anticipated to offer significant opportunities during the forecast period. The global cataract surgical devices market is expected to witness steady growth during coming years.
Asia Pacific contributed the largest share to the global cataract surgical devices market in 2019 and is anticipated to be a dominating geography during the forecast period owing to increasing number of cataract surgeries, expanding geriatric population, government initiatives to promote vision impairment treatment surgeries and increasing investment in strengthening the healthcare infrastructure
North America contributed a prominent share to the global cataract surgical devices market owing to the presence of leading equipment manufacturers and increasing incidences of cataract across the region. Prevalence of chronic diseases such as diabetes has contributed towards increase in the number patients affected with cataract, which is anticipated to contribute towards the growth of cataract surgical devices market in coming years.
The report titled “Cataract Surgical Devices Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032” wherein 2021 is historic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global cataract surgical devices market.Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market. For instance, Carl Zeiss Meditec AG reported revenues of USD 6,963.3 million in 2019 and the product segment analysis of the company indicates that Medical Technology business segment of the company dominated revenue in 2019.
The global cataract surgical devices market is segmented based on product type, end user, and geography. Based on product type, the global cataract surgical devices market is segmented into equipment and consumables. The cataract surgical equipment segment is further sub-segmented into intraocular lens (IOL), ophthalmic viscoelastic device (OVD), phacoemulsification equipment, and others. Based on end user, the global cataract surgical devices market is segmented into hospitals, ophthalmology clinics, ambulatory surgery centers, and others. Based on geography, the global Cataract Surgical Devices market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment, and would identify the segment of the company focusing on Cataract Surgical Devices products. Further, market share of prominent companies in the global Cataract Surgical Devices market would also be estimated.
For instance, Carl Zeiss Meditec AG operates through five business segments namely Semiconductor Manufacturing Technology, Industrial Quality & Research, Medical Technology, Consumer Markets, and others. The cataract surgical devices are delivered under Medical Technology business segment of the company with revenue contribution of US$ 1,906.6 million in 2019.
The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, SWOT analysis, and research and development focus of all the cataract surgical devices companies. The global cataract surgical devices market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution.
Product portfolio would focus on all the products under the cataract surgical devices business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global cataract surgical devices market.
Major players active in the global cataract surgical devices market include Abbott Laboratories, Bausch Health Companies Inc., Carl Zeiss Meditec AG, Essilor International S.A., Haag-Streit Holding, Johnson & Johnson, NIDEK CO., LTD., Novartis AG, Topcon Corporation, and Ziemer Ophthalmic Systems.
The Global Cataract Surgical Devices Market Is Segmented As Below:
Based On Product Type
Based On End User
- Hospitals
- Ophthalmology Clinics
- Ambulatory Surgery Centers
- Others
By Geography
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
