Global Cataract Surgery Devices Market Research Report 2018

Bharat Book Bureau Provides the Trending Market Research Report on “2018-2023 Global and Regional Cataract Surgery Devices Market  Production, Sales and Consumption Status and Prospects Professional Market Research Report  under Life Sciences   category. The report offers a collection of superior market research, market analysis, competitive intelligence and industry reports.

The Cataract Surgery Devices Market was $6554.02 million in 2014, and is expected to reach $9908.92 million by 2023, registering a CAGR of 4.7% during the forecast period. Cataract is an eye disease in which the natural lens of eye gets clouded. The people having cataract it’s like seeing through fogged-up window with the clouded lens. The cataract can be removed by surgery, where the surgeon replaces the clouded lens with a clear plastic intraocular lens (IOL). Nine out of ten people regain a very good vision after the surgery. The cataract surgery devices and instruments such as balanced salt solution, ophthalmic viscoelastic devices, phacoemulsification systems, drapes, gloves, intraocular lenses, irrigation set, and forceps, which assist in this cataract surgical procedure, as these serve as an appropriate instrument for such eye defects surgery without causing any harm to cornea. The number of increasing cataract diseased people as well as technological advancements in ophthalmic surgical devices is booming the market. By the projections of Indian Journal of Ophthallogy, its seen that among those aged 50+ years, the amount of cataract surgery would double (3.38 million in 2001 to 7.63 million in 2020) and cataract surgical rate would increase from 24025/million 50+ in 2001 to 27817/million 50+ in 2020.

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Drivers & Restrains

The global market is driven by the increasing number of population suffering from cataract disorders which may be due to medical conditions and due to natural phenomenon. The number of less skilled professional in this field and due to less awareness about the cataract disorders is delaying the growth of the global cataract surgery devices market. One of the reasons of restrains associated with cataract surgeries is high cost, when it comes to developing countries, like India, South Africa, Brazil, and China. The increased investment for developing efficient devices for cataract surgery all over the globe, like Zepto capsulotomy system by Mynosys Cellular Devices are creating great deal of profit for key market players.

End User Outlook and Trend Analysis

The end user or applications of Cataract Surgery Devices are Ophthalmology Clinics, Hospitals and Ambulatory Surgery Centers. The number of Ophthalmology Clinics is on a rise due to rise in the number of patients. The developing awareness regarding healthcare and additionally activities by the administration and nongovernment associations, to control and forestall cataract disorder by early detection is a main factor in charge of the market development. For example, the Cataract Blindness Control Program is in progress in India partnering with Aravind Eye Hospital and other NGOs for delivering of services.

 Competitive Insights

China is helping in the growth of Cataract Surgery Devices market. Market Scope forecast for China’s $2.6 billion ophthalmic market is that it will grow at a (CAGR) of 11.3 percent over the next five years to $4.5 billion. The leading players in the market are Johnson & Johnson, Abbott Laboratories, Novartis AG, Topcon Corporation, Essilor International S.A., Ziemer Ophthalmic Systems AG, Nidek Co. Ltd., Carl Zeiss Meditec AG,Valeant Pharmaceuticals International, Inc., and HAAG-Streit Holding AG.

The Cataract Surgery Devices Market is segmented as follows-

By Product

Phacoemulsification Equipment

Ophthalmic Viscoelastic Device (OVD)

Intraocular Lens (IOL)

By Type

Consumables

Equipment

By End User

Ophthalmology Clinics

Hospitals

Ambulatory Surgery Centers

By Region

North America

U.S.

Canada

Mexico

 

Europe

Germany

UK

France

Russia

Italy

Rest of Europe

 

Asia-Pacific

China

Japan

South Korea

India

Southeast Asia

Rest of Asia-Pacific

 

South America

Brazil

Argentina

Columbia

Rest of South America

 

Middle East and Africa

Saudi Arabia

UAE

Egypt

Nigeria

South Africa

Rest of MEA

 

Some of the key questions answered by the report are:

What was the market size in 2014 and forecast from 2015 to 2023?

What will be the industry market growth from 2015 to 2023?

What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?

What are the major segments leading the market growth and why?

Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?

 

Browse our full report with Table of Contents : https://www.bharatbook.com/MarketReports/Cataract-Surgery-Devices-Market-By-Product-Phacoemulsification-Equipment-Ophthalmic-Viscoelastic-Device-OVD-and-Intraocu/1203285

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