Transformative Trends Impacting the Cataract Surgery Devices And Equipment Market Landscape: Johnson & Johnson Vision's Veritas Vision System Revolutionizes Cataract Surgery Devices Market

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How Large Will the Cataract Surgery Devices And Equipment Market Size By 2025?
The market size for cataract surgery devices and equipment has shown a consistent growth trend in recent years. It is projected to increase from $13.97 billion in 2024 to $14.52 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 3.9%. The prior growth can be traced back to factors such as the aging population, a rising number of cataract cases, enhanced patient awareness, governmental vision care initiatives, and an augmented expenditure on healthcare.

How Big Is the Cataract Surgery Devices And Equipment Market Size Expected to Grow by 2029?
The market for cataract surgery devices and equipment is projected to experience consistent growth in the coming years, reaching a valuation of $16.64 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 3.5%. This growth pattern during the forecast period is expected to owe much to the increasing emphasis on outpatient surgery, personalized intraocular lenses, value-driven healthcare models, worldwide vision care initiatives, and universal eye health campaigns. Key trends expected to emerge during the forecast period include the adoption of artificial intelligence (AI), the use of teleophthalmology and remote consultations, rapid advancements in technology, progress in intraocular lens technology, and advancements in surgical techniques using femtosecond laser technology.

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Which Key Market Drivers Powering Cataract Surgery Devices And Equipment Market Expansion and Growth?
The growth of the cataract surgery devices and equipment market is fueled by the increasingly aging population. Individuals aged 65 years and above, who are more prone to cataracts and consequently, vision impairment, constitute this demographic. The demand for cataract surgery devices is being driven up because of this aging population. The Population Reference Bureau (PRB), a US private non-profit organization, predicted in January 2024 that the US population of people aged 65 and older will surge from 58 million in 2022 to 82 million in 2050, marking a 47% increase. Additionally, it is expected that this age group's share of the total population will increase from 17% to 23%. This data underscores the immense aging trajectory of the U.S. populace, emphasizing the need to cater to older adults across various sectors. Thus, it is the growing number of older adults that is primarily contributing to the expansion of the cataract surgery devices and equipment market.

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What Long-Term Trends Will Define the Future of the Cataract Surgery Devices And Equipment Market?
Key players in the cataract surgery apparatus and gear sector are introducing groundbreaking items like the VERITAS Vision System to boost surgical precision and outcomes. The VERITAS Vision System represents a next-gen phacoemulsification setup aimed at enhancing patient safety, physician effectiveness, and comfort. For instance, in February 2024, Johnson & Johnson, a prominent company in the pharmaceutical, biotech, and medical innovations industry from the United States, introduced the Tecnis PureSee intraocular lens (IOL). With its cutting-edge, purely refractive design, the TECNIS PureSee IOL delivers stable, top-tier vision, featuring remarkable contrast and low-light performance, matching the capabilities of monofocal IOLs. Worldwide, cataract surgery is the most performed operation, with approximately 28 million surgeries each year. Still, merely 10-15% of patients are given sophisticated optical IOLs intended for astigmatism and presbyopia. Currently, both surgeons and patients must balance trade-offs when choosing an IOL, such as selecting between clear vision at all distances and possible glare or halo issues. The TECNIS PureSee addresses these issues, improving the overall outcomes for both patients and surgeons.

What Are the Emerging Segments in the Cataract Surgery Devices And Equipment Market?
The cataract surgery devices and equipment market covered in this report is segmented -

1) By Type: Intraocular Lens (IOL), Ophthalmic Viscoelastic Device (OVD), Phacoemulsification Equipment, Femtosecond Laser Equipment
2) By Surgery Type: Extracapsular Cataract Extraction, Phacoemulsification, Femtosecond Laser, Other Surgery Types
3) By Application: Ophthalmology Centers, Hospitals, Clinics

Subsegments:
1) By Intraocular Lens (IOL): Monofocal IOL, Multifocal IOL, Toric IOL, Accommodative IOL
2) By Ophthalmic Viscoelastic Device (OVD): Dispersive OVD, Cohesive OVD
3) By Phacoemulsification Equipment: Phacoemulsification Machines, Handpieces And Accessories
4) By Femtosecond Laser Equipment: Femtosecond Laser Systems For Cataract Surgery, Laser Treatment Accessories

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Who Are the Global Leaders in the Cataract Surgery Devices And Equipment Market?
Major companies operating in the cataract surgery devices and equipment market include Johnson & Johnson Services Inc., Allergan Inc., PhysIOL S.A, Novartis AG, Abbott Laboratories, Alcon Inc., HOYA Corporation, Bausch & Lomb Inc., Carl Zeiss Meditech AG, Topcon Corporation, NIDEK Co. Ltd., Aurolab Co., OPHTEC BV, DORC International BV, Calhoun Vision Inc., Coburn Technologies Inc., HumanOptics AG, Hanita Lenses Ltd., Lenstec Inc., CRISTALENS SL, EyeKon Medical Inc., ROWIAK GmbH, Ziemer Ophthalmic Systems AG, HAAG-Streit Holding AG, Sonomed Escalon Corp., Ellex Medical Lasers Limited

Which are the Top Profitable Regional Markets for the Cataract Surgery Devices And Equipment Industry?
North America was the largest region in the global cataract surgery devices and equipment market in 2024. Asia-Pacific was the second-largest region in cataract surgery devices and equipment market. The regions covered in the cataract surgery devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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