In 2020, the Cataract Surgery Devices Market was worth $7.4 billion, and it is expected to grow at a 5% CAGR from 2022 to 2032. Cataract surgery entails removing the clouded natural lens of the eye and replacing it with an artificial lens that aids in vision restoration.
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Unless the cataract was surgically removed, most cataract patients experienced blurred vision, if not total blindness.
The only way to clear your vision is to have the cataract surgically removed.
Cataract surgery is typically performed as an outpatient procedure, with the majority of patients being discharged the same day.
Cataracts are the most common cause of vision impairment globally, and they are particularly problematic in developing countries, where they frequently result in blindness.
The National Institute of Vision says. The risk of cataract increases with each decade of life beginning around the age of 40. Half of all Americans have cataracts by the age of 75. 70% of the American population has cataracts by the age of 80.
Cataract Surgery Devices Market: Drivers and Restraints
An ageing population and an increase in the prevalence of ocular disorders are driving the global market for cataract surgery devices.
The global market for cataract surgery devices is being driven by an ageing population, an increase in the prevalence of ocular disorders, global technological advancement in healthcare, and growth in emerging economies.
However, a lack of healthcare insurance, a general lack of awareness about eye disorders, and a lack of primary healthcare infrastructure are some of the factors preventing this market from growing.
Cataract Surgery Devices Market: Overview
Rapid advancements in healthcare technology, an increase in the prevalence of ocular disorders, and an ageing population are all contributing factors.
During the forecast period, the global market for cataract surgery devices is expected to grow at a healthy rate.
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Cataract Surgery Devices Market: Region-wise Outlook
Geographically, the global market for cataract surgery devices is divided into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and the Middle East and Africa.
Because of its large population, Asia-Pacific has the fastest growth, while North America and Europe have the fastest growth due to their large geriatric populations.
Cataract Surgery Devices Market: Key Players
Some of the key participating global market players in cataract surgery devices are Carl Zeiss Meditech AG, Bausch & Lomb Inc., Alcon Incorporated, NIDEK Co. Ltd., Essilor International S.A and others.
Table of Content
- Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
- Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
- Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
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