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Cataract Surgery Devices Market

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Cataract surgery devices are used during the surgical procedures to treat cataract, which is an eye disorder that causes clouding of the lens leading to defects in vision.
Cataract Surgery Devices Market, by Product Type, End
User and Geography - Global Industry Insights, Trends,
Outlook, and Opportunity Analysis, 2018 - 2026
Cataract surgery devices are used during the surgical procedures to treat cataract, which is an
eye disorder that causes clouding of the lens leading to defects in vision. Cataract is one of the
most widespread disease causing blindness and it reduces vision ability. Cataract is often
encountered to develop slowly and affect either one or both the eyes.
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Although cataract does not interfere with the eyesight in the early stages, it interferes with
vision and may lead to blindness over the course of time. The symptoms of cataract include
blurry vision, trouble with bright lights, faded colors, and trouble seeing in the night. Cataract
surgery is the most commonly performed ophthalmic procedure and thus holds a great potential
for the growth of cataract surgery devices market.
Cataract encountered to be the major cause of blindness across the globe facilitating the
demand for cataract surgery devices
According to the American Academy of Ophthalmology, over 24.4 million Americans of age 40
years and above were affected with cataract in 2014. The same report states that by the age of
75 years, almost half of the Americans have cataracts. According to the International Agency
for the Prevention of Blindness (IAPB), approximately 285 million people are visually impaired
worldwide out of which around 39 million are blind and about 246 million are suffering with
low vision. The report suggests that cataract and glaucoma are the prime causes of blindness
across the globe in 2015. However, 4 out of 5 blind or visually impaired cases are avoidable
according to the Global Facts: Blindness and Visual Impairment. Increasing cataract surgeries are
fueling the growth of global cataract surgery devices market.
Report includes chapters which deeply display the following deliverable about industry :
• Cataract Surgery Devices Market Research Objective and Assumption
• Cataract Surgery Devices Market Purview - Report Description, Executive Summary, and
Coherent Opportunity Map (COM)
• Cataract Surgery Devices Market Dynamics, Regulations, and Trends Analysis - Market
Dynamics, Regulatory Scenario, Industry Trend, Merger and Acquisitions, New system
Launch/Approvals, Value Chain Analysis, Porter’s Analysis, and PEST Analysis
• Global Cataract Surgery Devices Market, By Regions
• Cataract Surgery Devices Market Competition by Manufacturers including Production, Share,
Revenue, Average Price, Manufacturing Base Distribution, Sales Area and Product Type.
• Cataract Surgery Devices Market Manufacturers Profiles/Analysis including Company Basic
Information, Manufacturing Base and Its Competitors.
• Cataract Surgery Devices Market Manufacturing Cost Analysis including Key Raw Materials
and Key Suppliers of Raw Materials.
• Industrial Chain, Sourcing Strategy and Downstream Buyers including Upstream Raw Materials
Sourcing and Downstream Buyers
• Marketing Strategy Analysis, Distributors/Traders including Marketing Channel, Market
Positioning and Distributors/Traders List.
• Market Effect Factors Analysis including Technology Progress/Risk, Consumer Needs/Customer
Preference Change and Economic/Political Environmental Change.
• Cataract Surgery Devices Market Forecast including Production, Consumption, Import and
Export Forecast by Type, Applications and Region.
• Research Findings and Conclusion
Global Cataract Surgery Devices Market Taxonomy:
On the basis of product type, the global cataract surgery devices market is segmented into:
• Intraocular Lens (IOL)
• Ophthalmic Viscoelastic Device (OVD)
• Phacoemulsification Equipment
• Femtosecond Laser Equipment
On the basis of end user, the global cataract surgery devices market is segmented into:
• Hospitals
• Clinics
• Ophthalmology Centers
Increasing incidence and prevalence of ocular diseases to propel the growth of global cataract
surgery devices market
Increasing prevalence of the ocular disorders is the major driver for the growth of global
cataract surgery devices market. This disease is prevalent worldwide and is the major cause of
blindness across the globe. According to All About Vision Media, A National Supporter and
Sponsor of Optometry Giving Sight, cataract is the principle cause of blindness across the world
affecting almost 22 million Americans aged 40 and above and the number is expected to rise up
to 30 million by the end of 2020. Several other factors responsible for the growth of global
cataract devices market include smoking habits, alcohol consumption, ageing, trauma or harmful
radiation exposure such as ultraviolet rays and diabetes. However, the lack of awareness among
people regarding the availability of medical aid and government regulation in a few economies
restricting surgical procedures can hinder the growth of global cataract surgery devices market.
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Product innovation and evolution by new entrants in the pool to propel cataract surgery devices
market growth
The key players operating in the global cataract surgery devices market include Abbott
Laboratories, Carl Zeiss Meditech AG, Bausch & Lomb, Inc., Allergen, Inc., Alcon, Inc., Opcon
Corporation, Essilor International S.A., STAAR Surgical Company, and NIDEK Co., Ltd. Various
emerging players are also coming up with innovative products in the market to establish their
presence and generate significant revenue with their innovative ideas. For instance, in March
2016, Mynosys Cellular Devices, Inc., a private company invented a unique cataract surgery
device named Zepto that features a small control console and a disposable hand-piece that
provides high precision, accuracy, and safety in reproducible capsulotomy.
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potential absolute dollar opportunity.
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Author
Alex Huge
Alex Huge329   documents Email
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