The latest report by IMARC Group, titled “Cataract Surgical Devices Market Report by Product Type (Ophthalmic viscoelastic devices (OVDs), Intraocular lenses (IOLs), Femtosecond laser, Phacoemulsification equipment, and Others), End-Use (Hospitals, Eye care clinics, Eye Treatment and Surgical Centres), and Region 2024-2032“, The global cataract surgical devices market size reached US$ 8.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 12.4 Billion by 2032, exhibiting a growth rate (CAGR) of 3.7% during 2024-2032.
Advanced medical equipment plays a vital role in cataract surgery, a procedure designed to correct a common eye and hinders vision. Eye surgeons rely on a range of specialized tools, including phacoemulsification units, artificial lenses, and precision surgical instruments, to effectively restore sight. These instruments are used to break down and extract the cloudy lens, replace it with an artificial one, and ensure precise incisions, all while minimizing tissue damage. The use of high-tech surgical equipment, such as advanced microscopes and laser technology, has significantly improved the accuracy and safety of cataract surgery. As a result, patients can now undergo faster and more efficient procedures with improved outcomes, reflecting the healthcare industry’s ongoing commitment to innovation in eye care.
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Cataract Surgical Devices Market Trends and Drivers:
The global market for cataract surgical devices is driven by several factors The aging population, who are more prone cataracts, creates a demand for surgeries and related devices. Improvements in surgical techniques and equipment, such as phacoemulsification machines and intraocular lenses, improve outcomes, shorten recovery times, and expand the pool of eligible patients. The expansion of healthcare access, particularly in developing countries, is driving market growth. Increasing awareness of eye health and preventive healthcare practices is prompting more people to undergo cataract surgeries. Positive reimbursement policies are encouraging patients and healthcare providers, further supporting market growth. Ongoing research and development by medical device companies are resulting in innovative, cost-efficient, and less invasive surgical devices, contributing to the market’s expansion.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Product Type:
- Ophthalmic viscoelastic devices (OVDs)
- Intraocular lenses (IOLs)
- Femtosecond laser
- Phacoemulsification equipment
- Others
Breakup by End-Use:
- Hospitals
- Eye care clinics
- Eye Treatment and Surgical Centres
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Abbott Laboratories
- Hoya Corporation
- Carl Zeiss Meditec AG
- Alcon Laboratories Inc.
- Essilor International S.A.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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