Ocular Surgery Market%0A

Ocular Surgery Market to
Surge Past US$ 2.6 Billion
by 2025 Due to Growing
Aging Population
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The Global Ocular Surgery Market by device type (Cataract surgery devices, Glaucoma surgery devices, and Vitrectomy
surgery devices) and region was valued at US$ 1,517.5 million in 2017 and is projected to exhibit a CAGR of 7.2% over
the forecast period (2017–2025), as highlighted in a new report published by Coherent Market Insights. Growing aging
population and high incidence rate of diabetes coupled with technological advancement are drivers fueling growth of the
ocular surgery market.
Rise in number of cataract and glaucoma surgeries provide lucrative opportunities for growth of the global ocular surgery
market. Increasing aging population globally is expected to fuel growth of the ocular surgery market. According to World
Health Organization (WHO), in 2010, around 285 million people were recorded to be suffering from visual impairment,
which included 39 million blind people, of which 80% were 50 years of age and above. Cataract surgery segment is
expected to grow at a rapid rate, which in turn, is expected to favor growth of the ocular surgery market in near future. High
occurrence rate of diabetes, exposure to ultraviolet sunlight, and family medical history are some of the various factors
expected to boost growth of the global market. According to the International Diabetes Federation, in 2010, around 285
million people were affected by diabetes mellitus, which signifies a high risk of glaucoma and cataract among these
people.
Browse 50 Market Data Tables and 25 Figures spread through 170 Pages and an in-depth TOC on ‘Ocular Surgery Market
by Procedure (Cataract surgery, Glaucoma surgery, and Vitrectomy), Device type (Cataract surgery devices, Glaucoma
surgery devices, and Vitrectomy surgery devices) and Region - Global Forecast to 2025’
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Key takeaways of the market:
The global ocular surgery market is expected to exhibit a CAGR of 7.2% over the forecast period (2017–
2025), due rampant growth in precursor diseases such as diabetes
Among device types, the cataract surgery devices segment holds a dominant position, as cataracts remain the
leading cause of blindness. According to World Health Organization (WHO), in 2014, 47.8% of blindness,
globally, was caused by cataracts.
Some of the major players involved in global ocular surgery market are Johnson & Johnson Vision Care Inc.,
Alcon, Carl Zeiss, Meditec, Bausch & Lomb, Ellex Medical Lasers, Topcon Medical Systems, Dutch
Ophthalmic Research Center (International) B.V. (DORC), and Lumenis.
Development of technologically advanced ocular devices, including femtosecond laser cataract surgery
technology and intraocular lenses (IOLs), such as Toric IOLs, reduce dependency on glasses or contact
lenses post-surgery. In 2016, Allergan received FDA-clearance for the XEN Gel Stent, a new surgical
treatment that reduces intraocular pressure for patients with refractory glaucoma. Xen Gel stent is an effective
alternative to conventional surgeries such as Trabeculectomy. Technological advancements are thus, creating
less painful and time-efficient procedures, which in turn, is improving surgery outcomes in an effective, safe,
and predictable manner.
Request for sample copy of Ocular Surgery Market :
https://www.coherentmarketinsights.com/insight/request-sample/826
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The Global Ocular Surgery Market is projected to exhibit a CAGR of 7.2% over the forecast period (2017–2025)