Glaucoma and Cataract Surgery Devices Market Size, Share & Trends Analysis Report by Technology, By Product, By Application, And Segment Forecasts, 2021 – 2027 | Alcon, Johnson & Johnson, Bausch & Lomb, Topcon Corporation, Lumenis, Allergan

The “Glaucoma and Cataract Surgery Devices Market” provides analysis and insights relating to the many factors expected to be rife throughout the forecast amount whereas providing their impacts on the Market’s growth. The increase within the aviation sector is escalating the expansion of the market. On the other hand, the high value associated with the services is foreseen to hinder the market growth. Lack of practised professionals and specialists is projected to challenge the Glaucoma and Cataract Surgery Devices Market within the forecast amount of 2021-2027.

The Glaucoma and Cataract Surgery Devices Market length is anticipated to develop at a CAGR of 29.8% for 2021-2027.

The rise in customer-centricity within the aviation trade acts collectively of the key factors driving the expansion of the market. The study includes information on rising players, as well as the competitive landscape, revenue, revenue and world market share of the key manufacturers: Alcon, Johnson & Johnson, Bausch & Lomb, Topcon Corporation, Lumenis, Allergan, Carl Zeiss Meditec, Essilor International, HAAG-Streit Holding, Nidek, Ziemer Ophthalmic Systems, Ellex Medical Lasers, Santen Pharmaceutical, Abbott Laboratories, Zabbys, STAAR Surgical Company, Hoya Corporation, Aurolab.

Recent Developments:

Johnson & Johnson has made Momenta (Aug 2020), Taris Biomedical (Dec 2019), Verb Surgical (Dec 2019) acquisitions and 15 investments. The company has spent over $ 86.60B on the acquisitions. Johnson & Johnson has invested in multiple sectors such as Orthopedics, Infectious Diseases, Life Sciences Platforms and Tools and more.
Abbott has made Cephea Valve Technologies (Jan 2019), St. Jude Medical (Apr 2016), ), Alere (Feb 2016) acquisitions and 5 investments. The company has spent over $ 39.45B on the acquisitions. Abbott has invested in multiple sectors such as Cardiac and Vascular Disorders, Diagnostics (by Technology), Ophthalmology and more.

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Market Overview:

Glaucoma is a disease that causes vision loss owing to optic nerve damage. A cataract is the formation of dense, cloudy areas that could affect vision. The devices and instruments such as phacoemulsification systems, intraocular lenses, implants and stents, and glaucoma drainage aid in glaucoma and cataract surgical procedures to treat both conditions efficiently. The increase in the prevalence of cataract disease, as well as technological advancements in ophthalmic devices, drives the market growth. Furthermore, an increase in the incidence of glaucoma and growth in the geriatric population are projected to supplement the market growth. 

on the concept of varieties, the market from 2021 to 2027 is primarily split into:

Hospital
Ophthalmology Clinic
Outpatient Surgical Center

on the idea of applications, the market from 2021 to 2027 covers:

Glaucoma Surgery Device
Cataract Surgery Device

North America is Expected to Hold a Significant Share in the Market

North America is expected to hold a significant market share in the global Glaucoma Surgery Devices Market due to the increasing prevalence of glaucoma, rising geriatric population, increasing awareness, favourable reimbursements policies, and the presence of several major players. As per a report published by Glaucoma Research Foundation in 2018, an estimate of 3 million people has glaucoma, and the number will be going to increase in the coming years. Moreover, the growing number of geriatric populations in the United States is more prone to have glaucoma. Furthermore, increasing healthcare expenditure and the presence of well-established healthcare infrastructure is also fueling the growth of the overall regional market to a large extent.

Regional Glaucoma and Cataract Surgery Devices Market (Regional Output, Demand & Forecast by Countries):

North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.

In addition, the market report provides Associate in Nursing in-depth analysis of each region, conjointly has Associate in Nursing in-depth country analysis. additionally, to plug revenue, the market value report conjointly provides forecast analysis of countries and regions. A top-down demand analysis was conjointly administered.

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Key edges for Glaucoma and Cataract Surgery Devices Market:

This study contains an Associate in Nursing analytical depiction of the Glaucoma and Cataract Surgery Devices market trends with current trends and future estimations to depict the approaching investment pockets.
the worldwide market research report presents info related to key drivers, restraints, and opportunities with elaborate impact analysis.
Porter’s 5 forces analysis illustrates the efficiency of the patrons and suppliers within the Glaucoma and Cataract Surgery Devices market share.
The study conjointly contains the Glaucoma and Cataract Surgery Devices market chance that helps key players in deciding.
The leading players within the trade predict a high revenue margin from Glaucoma and Cataract Surgery Devices market returns.

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Effect of COVID-19:

The Global Market report investigates the result of Coronavirus (COVID-19) on the trade. Since Dec 2019, the COVID-19 infection has unfolded to 180+ nations around the world with the World Health Organization saying it is a general well-being crisis. The worldwide effects of the Covid infection 2019 (COVID-19) square measure currently beginning to be felt, and may primarily influence the market in 2020

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