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Cataract Surgery Devices Market is Witnessing Phenomenal Growth by 2023

Cataract surgery devices market was valued at $7,025 million in 2016, and is projected to reach $9,587 million by 2023, growing at a CAGR of 4.3% from 2017 to 2023. The intraocular lenses (IOLs) segment accounted for half share of the global market in 2016.

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Cataract Surgery Devices Market is Witnessing Phenomenal Growth by 2023

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  1. Cataract Surgery Devices Market Opportunity Analysis and Industry Forecast, 2016-2023 Global Opportunity Analysis and Industry Forecast, 2017-2023

  2. Introductionof Cataract Surgery Devices Market The cataract surgery devices market was valued at $7,025 million in 2016, and is projected to reach $9,587 million by 2023, growing at a CAGR of 4.3% from 2017 to 2023. The intraocular lenses (IOLs) segment accounted for half share of the global market in 2016. Cataract is a condition in which clouding of the lens occurs. Cataract surgery devices are instruments and consumables, such as intraocular lens (IOLs), salt solutions, forceps, syringe, liquids for scrubbing, and various hand pieces, which aid in a cataract surgery. These surgery devices help enter vitreous cavity and separating the natural lens from the cavity. Increase in incidences of diseases such as diabetes, obesity, and hypertension. In addition, the growth in geriatric population also boosts the growth of the market as geriatric population is more prone to cataract ailments. However, dearth of skilled professionals restrain the growth of the market. Moreover, government and non-profit organizations introduce programs to reduce the burden of cataract-related diseases globally, which create lucrative opportunities for key market players.

  3. Introductionof Cataract Surgery Devices Market Scopeof theReport KeyBenefits KeyAudiences

  4. Key Benefits • The phacoemulsification systems segment accounted for one-third share of the total market in 2016 and is expected to grow with a high CAGR of 4.4% during the forecast period. • The equipment segment is the fastest growing type of cataract surgery devices of global market in 2016, and is expected to grow at a CAGR of 4.6% during the forecast period. • The U.S. dominated the North America cataract surgery devices market, accounting for the maximum share of the global market in 2016. • Asia-Pacific is exhibited to grow at a significant CAGR of 5.9% during the forecast period. • China was the fastest growing country in the Asia-Pacific cataract surgery devices market in 2016, registering a CAGR of 9.3%, and is anticipated to continue this trend during the forecast period. • The hospitals segment contributed to the highest market share in 2016, registering a CAGR of 4.0% from 2017to 2023.

  5. Table of Content (TOC) Chapter: 1 Introduction Chapter: 2 Executive Summary Chapter: 3 Market Overview Chapter: 4 Cataract Surgery Devices, By Product Chapter: 5 Cataract Surgery Devices Market, By Type Chapter: 6 Cataract Surgery Devices Market, By Type Of Surgery Chapter: 7 Cataract Surgery Devices Market, By End User Chapter: 8 Cataract Surgery Devices Market, By Geography Chapter: 9: Company Profiles

  6. Segments Cataract Surgery Devices Market

  7. Segments Cataract Surgery Devices Market

  8. Analyst Review Cataract Surgery Devices Market Cataract is a medical condition, which results in the clouding of the eye’s natural lens. This lens lies behind the pupil and the iris. Phacoemulsification surgery, extracapsular cataract extraction surgery, and manual small incision cataract surgery are different types of cataract surgeries. Devices used in cataract surgery are of two types-equipment and consumables. Equipment are the instruments, which aid in the cataract surgeries whereas, consumables include intraocular lens, salt solutions, gloves, and drapes. As per the American Academy of Ophthalmology in 2014, around 2 million cataract surgeries were conducted in the U.S., which is projected to be around 50 million by 2050. Such high prevalence of the diseases across the globe is expected to drive the global cataract surgical devices market during the forecast period.

  9. Company Profiles Cataract Surgery Devices Market Abbott Laboratories NOVARTIS AG CARL ZEISS MEDITEC AG ESSILOR INTERNATIONAL S.A HAAG-STREIT HOLDING AG JOHNSON & JOHNSON

  10. Thank You Cataract Surgery Devices Market ThankYou! For MoreDetails Do Enquiry https://www.alliedmarketresearch.com/cataract-surgery-device-market Follow UsOn

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