A new market study, titled “Global Cataract surgery devices Market Analysis, Forecast to 2023”, has been featured on Allied Market Research

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Cataract Surgery Devices
Market
130 Pages Report
Global Opportunity
Analysis and Industry
Forecast 2023

2. “Due to the rapid technological advancements in healthcare industry and the growth in geriatric population, the
cataract surgery devices market is expected to have a healthy growth rate during the forecast period. In addition,
due to the high population of individuals aged 65 years and above in Asia-Pacific, this region is expected to grow at a
high growth rate during 2017-2023.”
Sriram Radhakrishnan
Team Lead, Healthcare at AMR.
Cataract Surgery Devices Market
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3. According to a new report published by Allied Market Research, titled, Cataract Surgery Devices Market by Product, Type, and
End User: Global Opportunity Analysis and Industry Forecast, 2017-2023," 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.
Cataract Surgery Devices Market
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4. The consumables segment generated the highest revenue in 2016 accounting for two-thirds share of the global market, and is
anticipated to dominate the market throughout the forecast period. This is attributed to the increase in demand for cataract
surgeries, which in turn boost the growth of the consumables segment.
The ophthalmology clinics segment accounted for the three-eighths share of the global market in 2016, and is expected to
register the highest CAGR of 4.7% during the forecast period. This is attributed to the increase in awareness among individual
due to the various camps and activities conducted by ophthalmology clinics. In addition, ophthalmology clinics also has a vast
range of cataract surgical equipment, which are mostly scarce in hospital settings.
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Asia-Pacific witnessed the highest growth rate in the global market from 2017 to 2023. This is attributed to growth in awareness
related to cataract as well as due to the introduction of novel cataract surgery procedures. For instance, in 2012 bladeless
cataract surgery was introduced in India. However, laser-assisted cataract surgery was not widely accepted at the beginning,
nevertheless after the introduction of many reimbursement schemes by the government and increase in awareness, laser-
assisted cataract surgeries are accepted widely in the Asia-Pacific.
Cataract Surgery Devices Market
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5. Key Findings of the Cataract Surgery Devices Market:
 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.
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Cataract Surgery Devices Market
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6. Major Companies:
 Abbott Laboratories
 Novartis AG
 Carl Zeiss Meditec AG
 Essilor International S.A.
 HAAG-Streit Holding AG
 Johnson & Johnson
 Nidek Co., Ltd.
 Topcon Corporation
 Valeant Pharmaceuticals International, Inc.
 Ziemer Ophthalmic Systems AG.
Cataract Surgery Devices Market
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Cataract Surgery Devices Market
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