Cataract Surgery Devices Market is Witnessing Phenomenal Growth by 2023
Cataract surgery devices market was valued at $7,025 million in 2016, and is projected to reach $9,587 million by 2023, growing at a CAGR of 4.3% from 2017 to 2023. The intraocular lenses (IOLs) segment accounted for half share of the global market in 2016.
Cataract surgery devices market was valued at $7,025 million in 2016, and is projected to reach $9,587 million by 2023, growing at a CAGR of 4.3% from 2017 to 2023. The intraocular lenses (IOLs) segment accounted for half share of the global market in 2016.
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
<strong>Cataract</strong> <strong>Surgery</strong> <strong>Devices</strong> <strong>Market</strong><br />
Opportunity Analys<strong>is</strong> and Industry Forecast, 2016-<strong>2023</strong><br />
Global<br />
Opportunity<br />
Analys<strong>is</strong> and<br />
Industry<br />
Forecast,<br />
2017-<strong>2023</strong>
Introductionof<br />
<strong>Cataract</strong> <strong>Surgery</strong> <strong>Devices</strong> <strong>Market</strong><br />
The cataract surgery devices market was valued at $7,025 million in 2016, and <strong>is</strong><br />
projected to reach $9,587 million <strong>by</strong> <strong>2023</strong>, growing at a CAGR of 4.3% from 2017 to<br />
<strong>2023</strong>. The intraocular lenses (IOLs) segment accounted for half share of the global<br />
market in 2016.<br />
<strong>Cataract</strong> <strong>is</strong> a condition in which clouding of the lens occurs. <strong>Cataract</strong> surgery devices<br />
are instruments and consumables, such as intraocular lens (IOLs), salt solutions,<br />
forceps, syringe, liquids for scrubbing, and various hand pieces, which aid in a cataract<br />
surgery. These surgery devices help enter vitreous cavity and separating the natural<br />
lens from the cavity.<br />
Increase in incidences of d<strong>is</strong>eases such as diabetes, obesity, and hypertension. In<br />
addition, the growth in geriatric population also boosts the growth of the market as<br />
geriatric population <strong>is</strong> more prone to cataract ailments. However, dearth of skilled<br />
professionals restrain the growth of the market. Moreover, government and non-profit<br />
organizations introduce programs to reduce the burden of cataract-related d<strong>is</strong>eases<br />
globally, which create lucrative opportunities for key market players.
Introductionof<br />
<strong>Cataract</strong> <strong>Surgery</strong> <strong>Devices</strong> <strong>Market</strong><br />
Scope of the Report<br />
Key Benefits<br />
Key Audiences
Key Benefits<br />
• The phacoemulsification systems segment accounted for one-third share of the total market<br />
in 2016 and <strong>is</strong> expected to grow with a high CAGR of 4.4% during the forecast period.<br />
• The equipment segment <strong>is</strong> the fastest growing type of cataract surgery devices of global<br />
market in 2016, and <strong>is</strong> expected to grow at a CAGR of 4.6% during the forecast period.<br />
• The U.S. dominated the North America cataract surgery devices market, accounting for the<br />
maximum share of the global market in 2016.<br />
• Asia-Pacific <strong>is</strong> exhibited to grow at a significant CAGR of 5.9% during the forecast period.<br />
• China was the fastest growing country in the Asia-Pacific cataract surgery devices market in<br />
2016, reg<strong>is</strong>tering a CAGR of 9.3%, and <strong>is</strong> anticipated to continue th<strong>is</strong> trend during the<br />
forecast period.<br />
• The hospitals segment contributed to the highest market share in 2016, reg<strong>is</strong>tering a CAGR<br />
of 4.0% from 2017to <strong>2023</strong>.
Table of Content (TOC)<br />
Chapter: 1 Introduction<br />
Chapter: 2 Executive Summary<br />
Chapter: 3 <strong>Market</strong> Overview<br />
Chapter: 4 <strong>Cataract</strong> <strong>Surgery</strong> <strong>Devices</strong>, By Product<br />
Chapter: 5 <strong>Cataract</strong> <strong>Surgery</strong> <strong>Devices</strong> <strong>Market</strong>, By Type<br />
Chapter: 6 <strong>Cataract</strong> <strong>Surgery</strong> <strong>Devices</strong> <strong>Market</strong>, By Type Of <strong>Surgery</strong><br />
Chapter: 7 <strong>Cataract</strong> <strong>Surgery</strong> <strong>Devices</strong> <strong>Market</strong>, By End User<br />
Chapter: 8 <strong>Cataract</strong> <strong>Surgery</strong> <strong>Devices</strong> <strong>Market</strong>, By Geography<br />
Chapter: 9: Company Profiles
Segments<br />
<strong>Cataract</strong> <strong>Surgery</strong> <strong>Devices</strong> <strong>Market</strong>
Segments<br />
<strong>Cataract</strong> <strong>Surgery</strong> <strong>Devices</strong> <strong>Market</strong>
Analyst Review<br />
<strong>Cataract</strong> <strong>Surgery</strong> <strong>Devices</strong> <strong>Market</strong><br />
<strong>Cataract</strong> <strong>is</strong> a medical condition, which results in the clouding of the eye’s<br />
natural lens. Th<strong>is</strong> lens lies behind the pupil and the ir<strong>is</strong>.<br />
Phacoemulsification surgery, extracapsular cataract extraction surgery, and<br />
manual small inc<strong>is</strong>ion cataract surgery are different types of cataract<br />
surgeries. <strong>Devices</strong> used in cataract surgery are of two types-equipment<br />
and consumables. Equipment are the instruments, which aid in the cataract<br />
surgeries whereas, consumables include intraocular lens, salt solutions,<br />
gloves, and drapes.<br />
As per the American Academy of Ophthalmology in 2014, around 2 million<br />
cataract surgeries were conducted in the U.S., which <strong>is</strong> projected to be<br />
around 50 million <strong>by</strong> 2050. Such high prevalence of the d<strong>is</strong>eases across<br />
the globe <strong>is</strong> expected to drive the global cataract surgical devices market<br />
during the forecast period.
Company Profiles<br />
<strong>Cataract</strong> <strong>Surgery</strong> <strong>Devices</strong> <strong>Market</strong><br />
1. Abbott Laboratories<br />
2. NOVARTIS AG<br />
3. CARL ZEISS MEDITEC AG<br />
4. ESSILOR INTERNATIONAL S.A<br />
5. HAAG-STREIT HOLDING AG<br />
6. JOHNSON & JOHNSON
Thank You<br />
<strong>Cataract</strong> <strong>Surgery</strong> <strong>Devices</strong> <strong>Market</strong><br />
ThankYou!<br />
For More Details<br />
Do Enquiry<br />
https://www.alliedmarketresearch.com/cataract-surgery-device-market<br />
Follow Us On
Change language