Cataract Surgery Devices Market 2022-2032 | Global Overview, Size, Trend, and Key Players
The Cataract Surgery Devices Market was valued at US$ 7.4 billion in 2020, and is predicted to advance at a CAGR of 5% from 2022 to 2032. Cataract Surgery is the removal of the eye’s clouded natural lens, and replacing it with an artificial lens that helps restore vision to the eye.
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 the same day.
Cataracts are the most common cause of vision impairment
worldwide, and they are especially problematic in developing countries, where
they frequently result in blindness.
According to the National Institute of Vision. Beginning
around the age of 40, the risk of cataract increases with each decade of life.
By the age of 75, half of all Americans have cataracts. By the age of 80, 70%
of the American population has cataracts.
Cataract Surgery Devices Market: Drivers and
Restraints
The global market for cataract surgery devices is being
driven by an ageing population and an increase in the prevalence of ocular
disorders.
The global market for cataract surgery devices is driven by
the ageing population, an increase in the prevalence of ocular disorders,
technological advancement in healthcare around the world, and growth in
emerging economies.
However, a lack of healthcare insurance, a general lack of
awareness about eye disorders, and a lack of primary healthcare infrastructure
are some of the factors that act as a barrier for this market.
Cataract Surgery Devices Market: Overview
With rapid advancements in healthcare technology, an
increase in the prevalence of ocular disorders, and an ageing population.
The global market for cataract surgery devices is expected
to grow at a healthy rate during the forecast period (2015-2025).
Cataract Surgery Devices Market: Region-wise
Outlook
The global cataract surgery devices market is divided into
seven key regions based on geography: North America, South America, Eastern
Europe, Western Europe, Asia Pacific, Japan, and the Middle East and Africa.
Asia-Pacific has the fastest growth due to its large
population, while North America and Europe have the fastest growth due to their
large geriatric populations.
Cataract Surgery Devices Market: Key Players
Some of the key participating global market players in
cataract surgery devices are Carl Zeiss Meditech AG, Bausch & Lomb Inc.,
Alcon Incorporated, NIDEK Co. Ltd., Essilor International S.A and others.
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