Cataract Treatment Market will exhibit a CAGR of around 5.00%, Size, Segments, Key Drivers Analysis

Data Bridge Market Research analyses that the cataract treatment will exhibit a CAGR of around 5.00% for the forecast period of 2022-2029. Growing demand for targeted mode of therapies, surge in the research and development activities for the development of novel drugs and therapies, increasing programmes by government and non-profit organizations to reduce the burden of cataract-related diseases worldwide and increased expenditure for the development of healthcare infrastructure are the major factors attributable to the growth of cataract treatment market.

View Detailed Report: https://www.databridgemarketresearch.com/reports/global-cataract-treatment-market

Cataract is an eye related disorder wherein one suffers blurry vision due to clouding of lens in the eye. Cataract slowly leads to decrease in the vision ability and in some cases even loss of vision. In this medical condition, the protein, that form the lens of an eye get clumped down. 

Growing special designation from regulatory authorities coupled with upsurge in the prevalence of cataract disorder is a major factor fostering the growth of the market. Rising expenditure on the development of healthcare infrastructure, growing geriatric population base, increase in the initiatives by the government to promote awareness in the backward areas, and upsurge in the strategic collaboration rate among the market players are other factors also fostering the growth of the market. Surging prevalence of diabetes, hypertension and obesity is other determinant that will create lucrative market growth opportunities.

However, lack of awareness among individuals regarding the benefits of cataract surgery, dearth of skilled medical professionals and unfavourable reimbursement scenario in the developing and under developed economies will pose a major challenge to the market growth. Also, high costs associated with research and development proficiencies and poor healthcare facilities in the underdeveloped economies will further derail the market growth rate. Also, high cost of cataract surgeries will also hamper the market growth rate.

Key Players Analysis

The major players operating in the cataract treatment market report are Abbott, Johnson & Johnson Services, Inc, Novartis AG, HOYA Corporation, Carl-Zeiss-Stiftung, Alcon Vision LLC, Essilor, Ziemer Ophthalmic Systems, Bausch Health, GENZUM LIFE SCIENCES, AbbVie Inc, Santen Pharmaceutical Co., Ltd, Omeros Corporation, Sun Pharmaceutical Industries Ltd, EyePoint Pharmaceuticals, Inc., Reata Pharmaceuticals, Inc., Acumen BioPharma, LLC, Takeda Pharmaceutical Company Limited, AstraZeneca and F. Hoffmann-La Roche Ltd among others.

Global Cataract Treatment Market Scope and Market Size

The cataract treatment market is segmented on the basis of type, treatment, drugs class, drugs, route of administration, distribution channel and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.

Based on types, the cataract treatment market is segmented as nuclear cataracts, cortical cataracts, posterior subcapsular cataracts and congenital cataracts.

Based on treatment, the cataract treatment market is segmented as medication and surgery.

Based on the drugs class, the cataract treatment market is segmented into mydriatics, antibiotics, ophthalmic NSAIDS, corticosteroids and others.

Based on the route of administration, the cataract treatment market is segmented into oral and topical.

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