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Cataract Surgical Devices Market surpassed US$ 7.95 billion in 2021 | insightSLICE

The market for Cataract Surgical Devices was valued at US$ 7.95 billion in 2021 and is projected to increase at a CAGR of 3.6% from 2023 to 2032.

The market share, trends, analysis, and projections for the years 2022 to 2032 are just a few of the topics that will be covered in the report for the Global Cataract Surgical Devices Market. Herein, 2020 is used as the historical period, 2021 as the base year, and 2022 through 2032 as the actual prediction period in this study.

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The competitive environment is taken into account in this study, which also offers top competitors in the global market for Cataract Surgical Devices manufacturing company overviews and forecasts.

In addition, the report will include information on important advancements, global and regional sales networks, business strategies, research and development initiatives, staff strength, and key executives for all significant market participants.

The key players of the Global Cataract Surgical Devices Market are:

NIDEK CO., LTD., Carl Zeiss Meditec AG, Essilor International S.A., Haag-Streit Holding, Topcon Corporation, Johnson & Johnson, Abbott Laboratories, Bausch Health Companies Inc., Novartis AG, and Ziemer Ophthalmic Systems are some of the significant business stakeholders in the global market for cataract surgical devices.

Reasons for increased adoption and sales:

The incidence of chronic diseases, an aging population, and increased awareness of vision problems are all factors that are actively driving the expansion of the global market for cataract surgical instruments.

The most common causes of vision impairment worldwide, with the majority influencing people over 50, are cataracts and untreated refractive errors, based on the World Health Organization’s World Report on Vision, published in October 2019.

As diabetes people are more prone to developing cataracts, a growing number of diabetic individuals is considerably contributing to the expansion of cataracts.

The world’s health officials, particularly those from middle-income and low-income nations, are working to raise awareness of visual impairment and to promote eye treatments and care at reduced or no expense. This is anticipated to accelerate the market expansion for cataract surgical tools in the near future.

Long-term UV exposure and drugs like corticosteroids additionally assist in the slow development of cataracts, which is common in metropolitan areas and is expected to present sizable possibilities over the course of the forecast period. In the upcoming years, it is anticipated that the market for surgical tools for cataract removal will expand steadily.

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What is provided in our report for Cataract Surgical Devices Market?

With an emphasis on major companies, the report offers an in-depth analysis of the leading business with a majority share of the global market and would identify the firm segment focused on Cataract Surgical Devices products.

Additionally, it will estimate the market shares of well-known businesses in the global market for cataract surgical devices. For example, Carl Zeiss Meditec AG conducts business in five different sectors consumer markets, industrial quality & research, medical technology, and semiconductor manufacturing technology.

According to Carl Zeiss Meditec AG’s business segment analysis, the firm’s medical technology business division generated the majority of the company’s USD 6,963.3 million in revenue in 2019. With total revenue of US$ 1,906.6 million in 2019, the company’s Medical Technology sector provides cataract surgical equipment in the global market.

The report also takes into account the most significant key statistics, including strategic planning, product offerings, recent events, SWOT analysis, and product priorities of all the companies that manufacture cataract surgical instruments.

The companies involved in the market’s distribution chain or value chain, as well as their contributions, will also be considered in the study of the global market for cataract surgical devices. All of the products in the company’s business sector for cataract surgical equipment would be the core of the product portfolio segment.

Comparably, the recent developments section would concentrate on the most recent firm developments, including strategic alliances, consolidations, the development of the new product, and global coverage in the market for cataract surgical instruments.

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Global Cataract Surgical Devices Market Key Segments:

Based On Product Type

  • Equipment
  • Consumables

Based On End User

  • Hospitals
  • Ophthalmology Clinics
  • Ambulatory Surgery Centers
  • Others

Based On Geography:

  • North America
    • United States
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • United Kingdom
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • India
    • China
    • Australia
    • Rest of Asia Pacific
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America

Regional performance of Cataract Surgical Devices Market

Asia Pacific dominated the worldwide market for cataract surgical devices in 2019 and is expected to continue to do so during the forecast timeframe due to factors including an increase in the number of cataract operations, an aging population, social programs to encourage the treatment of vision impairment, and rising investments in bolstering the healthcare system.

Attributed to the prevalence of major device manufacturers and rising cataract occurrences in the region, North America accounted for a significant portion of the global market for cataract surgical instruments.

The development of chronic diseases like diabetes has increased the number of people who have cataracts, which is expected to contribute to the expansion of the market for cataract surgical equipment in the next years.

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Last Updated: 01-Dec-2022