Cataract Surgery Device Market Report: Trends, Forecast and Competitive Analysis to 2030

Cataract Surgery Device Trends and Forecast

The future of the global cataract surgery device market looks promising with opportunities in the hospital, opthalamic clinic, and research institute markets. The global cataract surgery device market is expected to reach an estimated $10.7 billion by 2030 with a CAGR of 4.2% from 2024 to 2030. The major drivers for this market are growing prevalence of cataracts diseases, increasing number of patients opting for cataract surgery, and rising preference for high-quality cataract surgical procedures.

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Cataract Surgery Device by Segment

The study includes a forecast for the global cataract surgery device by product, type, end use, and region.

Cataract Surgery Device Market by Product [Shipment Analysis by Value from 2018 to 2030]:

• Ophthalmic Viscoelastic Devices
• Intraocular Lenses
• Femtosecond Laser
• Phacoemulsification Equipment
• Others

Cataract Surgery Device Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Equipments
• Consumbales

Cataract Surgery Device Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Hospitals
• Opthalamic Clinics
• Research Institutes
• Others

Cataract Surgery Device Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Cataract Surgery Device Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies cataract surgery device companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the cataract surgery device companies profiled in this report include-

• Abbott Laboratories
• Novartis
• Carl Zeiss Meditec
• Essilo
• HAAG-Streit
• Johnson & Johnson
• Nidek
• Topcon
• Valeant
• Ziemer Ophthalmic Systems

Cataract Surgery Device Market Insights

Lucintel forecasts that intraocular lens will remain the largest segment due to its growing preference among patients as an efficient and dependable method of replacing the clouded lens with an artificial one to regain clear eyesight.

Hospital will remain the largest segment due to rising number of number of cataract operations performed at medicals and growing demand for modernized healthcare facilities in this sector.

North America is expected to witness highest growth over the forecast period due to robust healthcare infrastructure, rising number of skilled ophthalmic surgeons, and presence of key market players in the region.

Features of the Global Cataract Surgery Device Market

Market Size Estimates: Cataract surgery device market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Cataract surgery device market size by product, type, end use, and region. in terms of value ($B).

Regional Analysis: Cataract surgery device market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different products, types, end uses, and region.s for the cataract surgery device market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the cataract surgery device market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1. What is the cataract surgery device market size?

Answer: The global cataract surgery device market is expected to reach an estimated $10.7 billion by 2030.

Q.2. What is the growth forecast for cataract surgery device market?

Answer: The global cataract surgery device market is expected to grow with a CAGR of 4.2% from 2024 to 2030.

Q.3. What are the major drivers influencing the growth of the cataract surgery device market?

Answer: The major drivers for this market are growing prevalence of cataracts diseases, increasing number of patients opting for cataract surgery, and rising preference for high-quality cataract surgical procedures.

Q.4. What are the major segments for cataract surgery device market?

Answer: The future of the cataract surgery device market looks promising with opportunities in the hospital, opthalamic clinic, and research institute markets.

Q.5. Who are the key cataract surgery device market companies?

Answer: Some of the key cataract surgery device companies are as follows:

• Abbott Laboratories
• Novartis
• Carl Zeiss Meditec
• Essilo
• HAAG-Streit
• Johnson & Johnson
• Nidek
• Topcon
• Valeant
• Ziemer Ophthalmic Systems

Q.6. Which cataract surgery device market segment will be the largest in future?

Answer: Lucintel forecasts that intraocular lens will remain the largest segment due to its growing preference among patients as an efficient and dependable method of replacing the clouded lens with an artificial one to regain clear eyesight.

Q.7. In cataract surgery device market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness highest growth over the forecast period due to robust healthcare infrastructure, rising number of skilled ophthalmic surgeons, and presence of key market players in the region.

Q.8. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the cataract surgery device market by product (ophthalmic viscoelastic devices, intraocular lenses, femtosecond laser, phacoemulsification equipment, and others), type (equipments and consumbales), end use (hospitals, opthalamic clinics, research institutes, and others), and region. (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?