The global market for cataract devices, which is currently valued at US$ 13.55 billion, is anticipated to grow at a CAGR of 3.7% to reach US$ 19.49 billion by the end of 2032.
The way cataract surgeries are carried out is changing as a result of technical developments that lead to simple, risk-free treatments. Nearly 10% of the world’s ophthalmic surgery industry is made up of cataract devices, which are expected to grow by 300 BPS over the next ten years.
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The most typical application of intraocular lenses (IOLs) is during cataract surgery. The market for intraocular lenses, which accounted for 49.7% of the overall market in 2021, is predicted to grow at a CAGR of 3.4% from 2022 to 2032.
Since intraocular lenses are comprised of silicone or acrylic, they are incredibly durable and adaptable, making them the most popular devices among ophthalmologists and their patients. IOLs can safely treat issues like nearsightedness, farsightedness, and astigmatism in addition to improving vision by eliminating cataracts. Intraocular lenses are quite popular on the market since they are offered in a variety of shapes that satisfy patients’ unique needs and preferences.
Key Players Covered:
- Bausch & Lomb
- Carl Zeiss Meditec AG
- Alcon
- Hoya Corporation
- Staar Surgical
- NIDEK CO., LTD
- Johnson and johnson
- Aurolabs
- Biotech Healthcare Group
- Ophtec BV
The On the Cataract Devices Market research report assists companies in defining their own strategies for product creation, future product revisions, sales, marketing, promotion, and distribution in both the existing market and a potential novel market. Businesses may clearly understand what is already available, what the market presumes, the competitive climate, and what can be done to outperform the competition thanks to the research and analysis done for this study with the help of consistent knowledge. Businesses can better understand the various drivers and restraints affecting the market during the forecast period with the aid of the On the Cataract Devices Market research study.
This report helps both Major Players & new entrants to analyze the market in-depth. This will help the leading players decide on their business strategy and set goals. This report provides critical market information, including cataract Devices size, growth rates, and forecasts in key regions and countries, as well as growth opportunities in niche markets.
Segmentation of Cataract Devices Industry Research
- By Product Type:
- Phacoemulsification Equipment
- Ophthalmic Viscoelastic Devices (OVD)
- Cohesive OVD
- Dispersive OVD
- Femtosecond Lasers
- Intraocular Lenses (IOLs)
- Standard Monofocal IOLs
- Premium IOLs
- Toric IOLs
- Multifocal IOLs
- Accommodative IOLs
- By Application:
- Posterior Sub-Capsular Cataracts
- Cortical Cataracts
- Nuclear Sclerotic Cataracts
- Congenital Cataracts
- Traumatic Cataracts
- Others
- By End User:
- Hospitals
- Ophthalmic Clinics
- Ambulatory Surgery Centers
- By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
Some of the important questions covered in this study are as follows:
- What are the prominent growth factors that will harness growth for the On the Cataract Devices Market during the forecast period?
- Which end-use industry will garner considerable growth for the On the Cataract Devices Market?
- Which region will emerge as a champion growth contributor during the assessment period?
- What are the obstacles surrounding the On the Cataract Devices Market?
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