Cataract Surgery Devices And Equipment Market Value is Expected to Reach $7.6 Billion by 2023 | TBRC Reports

The Business Research Company offers "Cataract Surgery Devices And Equipment Global Market Report 2020-30: Covid 19 Impact And Recovery" in its research report store. It is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market’s historic and forecast growth, and highlights important trends and strategies that players in the market can adopt.

The global cataract surgery devices and equipment market is expected to decline from $6 billion in 2019 to $4.7 billion in 2020 at a compound annual growth rate (CAGR) of -22%. The decline is mainly due to the COVID-19 outbreak and the measures to contain it. The restrictions on non-essential medical services including ophthalmology services coupled with slowed production of ophthalmic devices used for treating eye conditions, due to extended factory closures in various countries together have contributed to the decline in the growth rate. The market is then expected to recover and grow at a CAGR of 6.2% from 2021 and reach $7.6 billion in 2023.

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The cataract surgery devices and equipment market consists of sales of cataract surgery devices and equipment and related services. Cataract surgery devices and equipment include instruments used for performing cataract surgeries such as small incision cataract surgery and extra capsular surgery in the treatment of cataract, a condition in which the lens of the eye becomes progressively opaque, resulting in blurred vision. This market does not include vision care devices and equipment, refractive surgery devices and equipment and diagnostic & monitoring ophthalmic devices and equipment. Femtosecond Lasers used in cataract surgery are included in this market.

The major growth driver for this industry has been the global ageing population. The world population recorded an estimate of 962 million people aged 60 or above in the year 2017. This estimate is expected to show an upward trend and is expected to double by 2050. The cases of cataract in the geriatric population also expected to increase in the same proportion. According to World Health Organization, the number of cataract cases are expected to increase by 78% by 2050 in the U.S. alone.

Cataract Surgery Devices And Equipment Market Segmentation: -
By Type
Intraocular Lens (IOL)
Ophthalmic viscoelastic device (OVD)
Phacoemulsification Equipment
Femtosecond Laser Equipment

By Application
Ophthalmology Centers
Hospitals
Clinics

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Few Points From Table Of Content
1. Executive Summary
2. Cataract Surgery Devices And Equipment Market Characteristics
3. Cataract Surgery Devices And Equipment Market Size And Growth
4. Cataract Surgery Devices And Equipment Market Segmentation
5. Cataract Surgery Devices And Equipment Market Regional And Country Analysis
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25. Cataract Surgery Devices And Equipment Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Cataract Surgery Devices And Equipment Market
27. Cataract Surgery Devices And Equipment Market Trends And Strategies
28. Cataract Surgery Devices And Equipment Market Future Outlook and Potential Analysis
29. Appendix

The report covers the trends and market dynamics of the Cataract Surgery Devices And Equipment Market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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Some of the key players involved in the Cataract Surgery Devices And Equipment Market are Alcon, Inc., Abbott Laboratories, Carl Zeiss Meditech AG, Essilor International S.A., Opcon Corporation.

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