According to the new market research report by IMARC Group, the global cataract surgical devices market size reached US$ 8.12 Billion in 2021. Looking forward, the market expected to reach US$ 10.66 Billion by 2027, exhibiting at a CAGR of 4.48% during 2022-2027.

Cataract refers to a medical condition represented by the clouding of the natural eye lens, which lies behind the iris and pupil. The condition may lead to vision loss, particularly among people above the age of 40 years. Cataract is usually treated with surgical procedures wherein the surgeon removes the clouded lens and replaces it with an artificial one.

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Cataract Surgical Devices Market Trends / Drivers, restraints, and opportunities-

The high prevalence of cataracts, along with the growing consumer awareness towards the wide availability of numerous treatment procedures, is augmenting the market growth. Additionally, the increasing success rate of cataract surgeries, particularly for restoring vision, is also propelling the global market.

Additionally, continuous advancements in the field of ophthalmology are further catalyzing the market for cataract surgical devices. In the coming years, the introduction of innovative laser-based solutions, along with the growing popularity of minimally-invasive surgical procedures, will continue to drive the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global cataract surgical devices market report, along with forecasts at the global and regional levels from 2022-2027. Our report has categorized the market based on product type and end use.

Breakup by Product Type:

  • Ophthalmic viscoelastic devices (OVDs)
  • Intraocular lenses (IOLs)
  • Femtosecond laser
  • Phacoemulsification equipment
  • Others
     

IOLs currently represent the most popular product type on account of the rising traction and increasing adoption of foldable and advanced IOLs across the world.

Breakup by End Use:

  • Hospitals
  • Eye care clinics
  • Eye treatment and surgical centers
     

Hospitals presently hold the majority of the global cataract surgical devices market share due to the significant development in the healthcare infrastructure and a considerable rise in advanced healthcare facilities.

Regional Insights:

  • Europe
  • North America
  • Latin America
  • Asia Pacific
  • Middle East and Africa
     

North America exhibits a clear dominance in the market due to the favorable reimbursement policies offered by insurance companies and increasing awareness among individuals in the region about ocular diseases.

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Competitive Landscape:

The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are Abbott Laboratories, Hoya Corporation, Carl Zeiss Meditec AG, Alcon Laboratories Inc., and Essilor International S.A.

This report provides a deep insight into the global cataract surgical devices market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the cataract surgical devices industry in any manner.

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