Global Cataract Surgery Devices Market
Cataract Surgery Devices Market Size And Forecast
According to Verified Market Research, the Cataract Surgery Devices Market was valued at USD 3.23 Billion in 2018 and is projected to reach USD 4.74 Billion by 2026, growing at a CAGR of 4.9% from 2019 to 2026.
Global Cataract Surgery Devices Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Growing incidences of ocular disorders, increasing geriatric population are major factors expected to fuel the growth of the global cataract surgery devices market. According to All About Vision Media, A National Supporter and Sponsor of Optometry Giving Sight, cataract is the primary cause of blindness across the globe affecting almost 22 million Americans aged 40 and above and the number is expected to rise to 30 million by the end of 2020. Moreover, product innovation and evolution by new entrants expected to propel the market growth. For instance, in March 2016, Mynosys Cellular Devices, Inc., a private company invented a unique cataract surgery device known as Zepto, that provides high precision, accuracy, and safety in reproducible capsulotomy. However, the high costs of cataract surgeries in developing economies, lack of healthcare insurance, and less awareness among individuals regarding the benefits of cataract surgeries are the key factors that might stagnate the market growth. Furthermore, the governments introduce programs to decrease the burden of cataract related diseases, create lucrative opportunities for key players.
Global Cataract Surgery Devices Market Competitive Landscape
The Global Cataract Surgery Devices Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Carl Zeiss Meditech AG, Bausch & Lomb, Inc., Abbott Laboratories, NIDEK Co., Ltd, Allergen, Inc., Alcon, Inc., STAAR Surgical Company, Opcon Corporation, and Essilor International S.A.
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