The cataract surgery devices and equipment market size is expected to see strong growth in the next few years. It will grow to $11.84 billion in 2028 at a compound annual growth rate (CAGR) of 9.5%. The growth in the forecast period can be attributed to growing focus on outpatient surgery, customized intraocular lenses, value-based healthcare models, global vision care campaigns, global initiatives for eye health. Major trends in the forecast period include integration of artificial intelligence (ai), teleophthalmology and remote consultations, rapid technological innovations, improvements in intraocular lens technology, technological advancements in surgical techniques, femtosecond laser technology.
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Segmentation & Regional Insights
The cataract surgery devices and equipment market covered in this report is segmented –
1) By Type: Intraocular Lens (IOL), Ophthalmic viscoelastic device (OVD), Phacoemulsification Equipment, Femtosecond Laser Equipment
2) By Surgery Type: Extracapsular Cataract Extraction, Phacoemulsification, Femtosecond Laser, Other Surgery Types
3) By Application: Ophthalmology Centers, Hospitals, Clinics
North America was the largest region in the global cataract surgery devices and equipment market in 2023. Asia-Pacific was the second-largest region in cataract surgery devices and equipment market. The regions covered in the cataract surgery devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rising geriatric population is expected to propel the growth of the cataract surgery devices and equipment market in the future. The geriatric population refers to people aged 65 and over. The rising elderly population are more prone to developing cataracts as they age, which is boosting the demand for cataract surgery devices due to the associated vision impairment. Consequently, the growing geriatric demographic has led to an increased need for cataract surgery procedures and related devices. For instance, according to the 2021 American Community Survey conducted by The United States Census Bureau, a US-based government agency, there were 55,892,014 people aged 65 and over in the U.S. out of a total population of 331,893,745, which represents 16.8% of the population. Therefore, the rising geriatric population is driving the growth of the cataract surgery devices and equipment market.
Key Industry Players
Major companies operating in the cataract surgery devices and equipment market report are Johnson & Johnson Services Inc., Allergan Inc., PhysIOL S.A, Novartis AG, Abbott Laboratories, Alcon Inc., HOYA Corporation, Bausch & Lomb Inc., Carl Zeiss Meditech AG, Topcon Corporation, NIDEK Co. Ltd., Glaukos Corporation, Aurolab Co., OPHTEC BV, DORC International BV, Calhoun Vision Inc., Coburn Technologies Inc., HumanOptics AG, Hanita Lenses Ltd., Lenstec Inc., CRISTALENS SL, EyeKon Medical Inc., ROWIAK GmbH, Ziemer Ophthalmic Systems AG, HAAG-Streit Holding AG, Sonomed Escalon Corp., VisionCare Ophthalmic Technologies Inc., Ellex Medical Lasers Limited, Altacor Pharma
The cataract surgery devices and equipment market report table of contents includes:
1. Executive Summary
2. Cataract Surgery Devices And Equipment Market Characteristics
3. Cataract Surgery Devices And Equipment Market Trends And Strategies
4. Cataract Surgery Devices And Equipment Market – Macro Economic Scenario
5. Global Cataract Surgery Devices And Equipment Market Size and Growth
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32. Global Cataract Surgery Devices And Equipment Market Competitive Benchmarking
33. Global Cataract Surgery Devices And Equipment Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Cataract Surgery Devices And Equipment Market
35. Cataract Surgery Devices And Equipment Market Future Outlook and Potential Analysis
36. Appendix
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