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.
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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>.
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