Global Cataract Surgery Devices And Equipment Market Trends And Strategies Of Major Players In The Cataract Surgery Devices And Equipment Market 2021-2030

19 Oct, 2021

The cataract surgery devices and equipment market consists of sales of cataract surgery devices and equipment and related services. Cataract surgery devices and equipment include instruments used for performing cataract surgeries such as small incision cataract surgery and extra capsular surgery in the treatment of cataract, a condition in which the lens of the eye becomes progressively opaque, resulting in blurred vision. This market does not include vision care devices and equipment, refractive surgery devices and equipment and diagnostic & monitoring ophthalmic devices and equipment. Femtosecond Lasers used in cataract surgery are included in this market.

Global Cataract Surgery Devices And Equipment Market Size And Drivers:

The global cataract surgery devices and equipment market is expected to grow from $4.99 billion in 2020 to $5.62 billion in 2021 at a compound annual growth rate (CAGR) of 12.6%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $7.16 billion in 2025 at a CAGR of 6.2%. The major growth driver for this industry has been the global ageing population.

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Trends In The Global Cataract Surgery Devices And Equipment Market

The cataract surgery devices and equipment industry has witnessed many positive changes introduced by the market players, the most prominent one being the introduction of laser technology. The laser assisted cataract surgery is used to gather information about the lens, to make the corneal incision and for the opening in the lens capsule. The advent of laser technology has caused a significant impact over this industry by bringing in new levels of safety and accuracy and advancing cataract surgery. Femtosecond laser platforms have significantly contributed to the precision of cataract surgeries being performed and may soon surpass the traditional hand-held surgeries. For example, Abbott laboratories which lacked this technology, acquired Optimedica for $250 million to enter laser cataract surgery devices market after witnessing the huge demand and benefits of laser technology.

Global Cataract Surgery Devices And Equipment Market Segments:
The global cataract surgery devices and equipment market is further segmented –
By Type: Intraocular Lens (IOL), Ophthalmic viscoelastic device (OVD), Phacoemulsification Equipment, Femtosecond Laser Equipment
By Application: Ophthalmology Centers, Hospitals, Clinics
By Surgery Type: Extracapsular Cataract Extraction, Phacoemulsification, Femtosecond Laser, Others
By Geography: The global cataract surgery devices and equipment market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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Cataract Surgery Devices And Equipment Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides cataract surgery devices and equipment market overviews, analyzes and forecasts market size and growth for the global cataract surgery devices and equipment market, cataract surgery devices and equipment market share, cataract surgery devices and equipment market players, cataract surgery devices and equipment market segments and geographies, cataract surgery devices and equipment market’s leading competitors’ revenues, profiles and market shares. The cataract surgery devices and equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.