Cataract Surgery Devices Market By Product - Analysis And Forecast To 2023
Cataract Surgery Devices Market from Qurate’s Repository provides detailed information, in-depth analysis, and forecast which is developed by a team of experts and professionals
(EMAILWIRE.COM, August 22, 2018 ) The Cataract Surgery Devices Market was 6554.02 million in 2014, and is expected to reach 9908.92 million by 2023, registering a CAGR of 4.7% during the forecast period. Cataract is an eye disease in which the natural lens of eye gets clouded. The people having cataract its like seeing through fogged-up window with the clouded lens. The cataract can be removed by surgery, where the surgeon replaces the clouded lens with a clear plastic intraocular lens (IOL). Nine out of ten people regain a very good vision after the surgery. The cataract surgery devices and instruments such as balanced salt solution, ophthalmic viscoelastic devices, phacoemulsification systems, drapes, gloves, intraocular lenses, irrigation set, and forceps, which assist in this cataract surgical procedure, as these serve as an appropriate instrument for such eye defects surgery without causing any harm to cornea. The number of increasing cataract diseased people as well as technological advancements in ophthalmic surgical devices is booming the market. By the projections of Indian Journal of Ophthallogy, its seen that among those aged 50+ years, the amount of cataract surgery would double (3.38 million in 2001 to 7.63 million in 2020) and cataract surgical rate would increase from 24025/million 50+ in 2001 to 27817/million 50+ in 2020.
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Drivers & Restrains
The global market is driven by the increasing number of population suffering from cataract disorders which may be due to medical conditions and due to natural phenomenon. The number of less skilled professional in this field and due to less awareness about the cataract disorders is delaying the growth of the global cataract surgery devices market. One of the reasons of restrains associated with cataract surgeries is high cost, when it comes to developing countries, like India, South Africa, Brazil, and China. The increased investment for developing efficient devices for cataract surgery all over the globe, like Zepto capsulotomy system by Mynosys Cellular Devices are creating great deal of profit for key market players.
End User Outlook and Trend Analysis
The end user or applications of Cataract Surgery Devices are Ophthalmology Clinics, Hospitals and Ambulatory Surgery Centers. The number of Ophthalmology Clinics is on a rise due to rise in the number of patients. The developing awareness regarding healthcare and additionally activities by the administration and nongovernment associations, to control and forestall cataract disorder by early detection is a main factor in charge of the market development. For example, the Cataract Blindness Control Program is in progress in India partnering with Aravind Eye Hospital and other NGOs for delivering of services.
Competitive Insights
China is helping in the growth of Cataract Surgery Devices market. Market Scope forecast for Chinas 2.6 billion ophthalmic market is that it will grow at a (CAGR) of 11.3 percent over the next five years to 4.5 billion. The leading players in the market are Johnson & Johnson, Abbott Laboratories, Novartis AG, Topcon Corporation, Essilor International S.A., Ziemer Ophthalmic Systems AG, Nidek Co. Ltd., Carl Zeiss Meditec AG, Valeant Pharmaceuticals International, Inc., and HAAG-Streit Holding AG.
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The Cataract Surgery Devices Market is segmented as follows-
By Product
Phacoemulsification Equipment
Ophthalmic Viscoelastic Device (OVD)
Intraocular Lens (IOL)
By Type
Consumables
Equipment
By End User
Ophthalmology Clinics
Hospitals
Ambulatory Surgery Centers
By Region
North America
U.S
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Rest of Asia Pacific
Rest of the World
Brazil
South Africa
Saudi Arabia
United Arab Emirates
Others
Some of the key questions answered by the report are:
What was the market size in 2012 and forecast from 2013 to 2022?
What will be the industry market growth from 2013 to 2022?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
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Request Sample Report@ https://www.qurateresearch.com/report/sample/HnM/QBI-CMR-HnM-54629
Drivers & Restrains
The global market is driven by the increasing number of population suffering from cataract disorders which may be due to medical conditions and due to natural phenomenon. The number of less skilled professional in this field and due to less awareness about the cataract disorders is delaying the growth of the global cataract surgery devices market. One of the reasons of restrains associated with cataract surgeries is high cost, when it comes to developing countries, like India, South Africa, Brazil, and China. The increased investment for developing efficient devices for cataract surgery all over the globe, like Zepto capsulotomy system by Mynosys Cellular Devices are creating great deal of profit for key market players.
End User Outlook and Trend Analysis
The end user or applications of Cataract Surgery Devices are Ophthalmology Clinics, Hospitals and Ambulatory Surgery Centers. The number of Ophthalmology Clinics is on a rise due to rise in the number of patients. The developing awareness regarding healthcare and additionally activities by the administration and nongovernment associations, to control and forestall cataract disorder by early detection is a main factor in charge of the market development. For example, the Cataract Blindness Control Program is in progress in India partnering with Aravind Eye Hospital and other NGOs for delivering of services.
Competitive Insights
China is helping in the growth of Cataract Surgery Devices market. Market Scope forecast for Chinas 2.6 billion ophthalmic market is that it will grow at a (CAGR) of 11.3 percent over the next five years to 4.5 billion. The leading players in the market are Johnson & Johnson, Abbott Laboratories, Novartis AG, Topcon Corporation, Essilor International S.A., Ziemer Ophthalmic Systems AG, Nidek Co. Ltd., Carl Zeiss Meditec AG, Valeant Pharmaceuticals International, Inc., and HAAG-Streit Holding AG.
Enquiry About Report@ https://www.qurateresearch.com/report/enquiry/HnM/QBI-CMR-HnM-54629
The Cataract Surgery Devices Market is segmented as follows-
By Product
Phacoemulsification Equipment
Ophthalmic Viscoelastic Device (OVD)
Intraocular Lens (IOL)
By Type
Consumables
Equipment
By End User
Ophthalmology Clinics
Hospitals
Ambulatory Surgery Centers
By Region
North America
U.S
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Rest of Asia Pacific
Rest of the World
Brazil
South Africa
Saudi Arabia
United Arab Emirates
Others
Some of the key questions answered by the report are:
What was the market size in 2012 and forecast from 2013 to 2022?
What will be the industry market growth from 2013 to 2022?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
Enquiry for Discount@ https://www.qurateresearch.com/report/discount/HnM/QBI-CMR-HnM-54629
Contact Information:
Qurate Business Intelligence
Nehal Chinoy
Tel: +919881074592
Email us
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Qurate Business Intelligence
Nehal Chinoy
Tel: +919881074592
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results