The global cataract surgery devices market is estimated to be growing at a CAGR of 4% during the forecast period, to reach the estimated valuation of USD 12.2 million in the year 2030.
The key factors driving the market growth include rising number of eye
diseases, increase in geriatric population globally, and product innovations.
ResearchMoz takes deeper dive into the market analysis and shares a
detailed report covering size, growth factors, challenges, opportunities,
threats, etc.
Dry Eye Syndrome
Drives the Market
Growing awareness about the treatment and rising prevalence of related
ocular disorders such as dry eye syndrome is acting as a major driver for the
market. In addition to this, technological advancement in cataract surgery
devices such as materials used in intraocular lenses and mostly minimally
invasive techniques is expected to further the market growth in coming years.
Intraocular Technologies to Boost the Demand for Cataract Surgery
Devices
The intraocular technology is gaining popularity in the vision care
sector. The advantage of Intracapsular Injection is that it is suitable for
surgeries with small incision, less swelling, and faster recover, thus leading
to increase in demand for cataract surgery devices market in the upcoming
years.
Analysts’ Views
Increasing prevalence of lifestyle disorder such as diabetes is a threat
to the vision and may result in cataract, thus owing to the growth
opportunities of the global cataract surgery market. It has been established in
various researches that diabetes does affect the vision and cataract is one of
them.
Covid pandemic had a negative impact on the cataract surgeries devices
market as all the surgeries were moved to the later period due to covid
patients being given the priority.
Asia Pacific will emerge as a flourishing market due to increasing
patient population, improved health infrastructure, etc.
Since cataract surgeries are minimally invasive in nature due to the
advanced laser technologies, the global cataract surgery devices market will
witness an ascension.
Geriatric
Population to Surge North America Market
North America is expected to hold a largest share in the global cataract
surgery devices market, owing to increasing geriatric population with ocular
disorders and conditions such as diabetes. Further, the advanced technologies
and precision surgeries make this market a hot spot for growth.
Competitive
Landscape
ResearchMoz shares a well put and a comprehensive report about the
competition in the global cataract surgery devices market and the thoughtful
strategies that are being adopted by the key market players. The report would
help the new entrants to understand the market better and take informed
decisions to succeed in this arena.
The major players in this market are focusing on product innovation
using technologies to its best. These players are as follows
- Coburn
Technologies Inc.
- Abbott
- Alcon,Inc.
- Johnson
and Johnson
- NIDEK
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