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World Ophthalmology Cataract Surgery Devices Market: Untapped Markets in Developing Countries to Materialize as Opportunity; Research Report
Read Full Report: http://www.transparencymarketresearch.com/ophthalmology-cataract-surgery-devices-market.html
According to the data compiled by the National Institutes of Health (NIH), cataract is one of the foremost cause for loss of sight across the globe and close to 22 mn Americans suffer from cataract. Furthermore, as per the WHO, cataract is responsible for 51% of the world blindness. Thus, the demand for cataract surgery devices is increasing worldwide. It is expected that technological advancements in the coming years will also help boost the demand for ophthalmology cataract surgery devices. Moreover, the rising geriatric population will create a heightened need for these surgery devices.
On the other hand, a lack of overall alertness among people regarding eye disorders will hamper the market. A lack of health insurance and poor healthcare facilities are also expected to hinder the market’s development. However, the untapped markets in emerging nations will create new growth opportunities and ensure the continued growth of the ophthalmology cataract surgery devices market.
The ophthalmology cataract surgery devices market is segmented on the basis of product, geography, and end user. By end user, the global ophthalmology cataract surgery devices market is segmented into clinics, hospitals, and ophthalmology centers. By product, the market is segmented into ophthalmic viscoelastic device (OVD), intraocular lens (IOL), femtosecond laser equipment, and phacoemulsification equipment. Of these, the phacoemulsification segment is expected to lead in the market. Also, it is anticipated that manual and sutureless small-incision cataract surgery (SICS) will be the most preferred option in emerging countries such as India and China as SICS is a low cost procedure.
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On the basis of geography, the global ophthalmology cataract surgery devices market is expected to be led by North America owing to the growing geriatric population. The market in Asia Pacific is expected to grow and emerge as a lucrative regional segment in the coming years. The growing population, rise in income, and free government camps are some of the likely reasons that will help the market to grow in Asia Pacific.
The report studies key players in the market. Some of the players are: Abbott Laboratories (U.S.), Essilor International S.A. (France), Carl Zeiss Meditech AG (Germany), Allergan, Inc. (U.S.), Alcon, Inc., Bausch & Lomb, Inc. (U.S.), STAAR Surgical Company (U.S.), NIDEK Co., Ltd. (Japan).
Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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