Cataract surgery is referred to as removal of the natural lens (eye-crystalline lens) that has developed an opacification. Cataract is an eye disease. The natural lens of eye light on the retina, so images appear without distortion and clearly. The blurring of this lens during cataract formation causes distortion of vision. Cataract development is gradual and it is a process of normal aging but occasionally can develop rapidly. Cataract generally affects both eyes, but it is uncommon for a cataract in one eye to advance more rapidly. Cataracts are very common, especially among the elder people.
Cataract surgery devices market is primarily driven by the increase in aged population, rise in the prevalence of ocular disorders, technological advancement in healthcare around the globe, and economic growth in the emerging economies. However, low awareness among people about eye health care, and poor primary health care infrastructure are developing and under developing countries.
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Cataract surgery devices market is segmented on the basis of type, end user, and geography
Based on the type, cataract surgery devices market is segmented as
- Intraocular lenses
- Ophthalmic Viscoelastic Devices
- Phacoemulsification equipment
Based on the end-user, cataract surgery devices market is segmented as:
- Ophthalmology clinics
- Hospitals
- Ambulatory Surgical Centers
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There is a significant increase in the incidence of eye diseases across the world, especially in middle-income and industrialized countries. With the high prevalence of obesity and diabetes among the young population, the risk of vision loss and other positive effects. Diabetic macular oedema and retinopathy. This growing prevalence of diabetic eye diseases is expected to increase the adoption of eye laser procedures. According to the National Institute of Eye, the risk of cataract will increase with every decade of life starting at the age of 40. By age 75, half of Americans and by the age of 80,
Geographically cataract surgery devices market is in the following regions viz. North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. North America is the largest market for cataract surgery device marketed by Europe. The North American market for cataract surgery is experiencing a surge in technological advances in cataract devices and awareness. The growing number of laser refractive surgeries and the emergence of laser technology in the treatment of cataract surgery. Asia Pacific region is expected to become a growing cataract surgery device market due to large geriatric population.
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Some of the players in cataract surgery devices are Novartis AG (Switzerland), Carl Zeiss Meditech AG (Germany), bbott Laboratories (US), Essilor International SA (France), Allergan, Inc. (US), Opcon Corporation (Japan) , NIDEK Co., Ltd. (Japan), Valeant (Bausch & Lomb) (Canada), and STAAR Surgical Company (US) to name a few.
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