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Global Cataract Surgery Devices Market Outlook 2028: Global Opportunity and Demand Analysis, Market Forecast, 2019-2028

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Global Cataract Surgery Devices Market Outlook 2028: Global Opportunity and Demand Analysis, Market Forecast, 2019-2028

Global Cataract Surgery Devices Market Outlook 2028: Global Opportunity and Demand Analysis, Market Forecast, 2019-2028

  • Published Date: 02 Jun 2021
  • Report ID: HLT 00213
  • Pages:179
  • Base Year: 2019
  • Format: PDF
  • Historical Data: 2016-2019

Global Cataract Surgery Devices Market is anticipated to rise at a value CAGR of 4.7% over 2019-2028. According to a study published by Insure Insights on the Global Cataract Surgery Devices Market. Cataract Surgery includes the removal of the eye’s clouded natural lens replaced with an artificial lens so as to restore vision to the eye. Cataract Surgery Devices are those devices that are used during cataract surgeries. It includes devices like phacoemulsification systems, ophthalmic viscoelastic devices, etc. The rise in awareness among the consumers regarding the cataract treatments have driven the market growth.

Top Driver: The rise in the incidences of Ocular disorders throughout the world has driven the market growth  

The surge in population growth and the rise in the geriatric population have primarily driven market growth. Increased prevalence of ocular disorders like Diabetic Retinopathy, Glaucoma, Amblyopia have a positive influence on market growth. Product innovation and advances have further escalated market growth. The rise in healthcare expenditure has accelerated the market revenue of the Global Cataract Surgery Devices Market.

Intraocular lenses in the product segment have made the highest segmental growth in the Global Cataract Surgery Devices Market

Based on the Product, Intraocular Lens (IOL) segment has dominated the segmental growth due to the due to the increase in Cataract surgeries worldwide. The rise in the geriatric population, an increase in the incidences of eye defects like myopia, hypermetropia, are further contributed to the growth of the market. The rise in the number of accidents worldwide has further contributed to the segmental growth.

In terms of the End User, Hospitals segment have held the most remarkable growth as most of the patients with ocular disorders are being treated at hospitals, the availability of technologically advanced equipment, and due to the availability of advanced treatment offered in hospitals.

Asia Pacific dominates the regional market due to an increase in the population growth   

The significant increase in population growth, especially in countries like China and India, are the primary factors contributing to the regional market growth. Moreover, the rise in the geriatric population and growing medical tourism have escalated the regional market revenue. The advanced healthcare infrastructure in Asian countries, the increase in healthcare expenditure, and the increasing focus of prominent players for Cataract Surgery Devices on Asian countries have expanded the growth in the Asia Pacific region.

 Product Launches, new advances Strategic Collaborations, Mergers, and Acquisition, are the major strategies of the competitors

The Players of the Global Cataract Surgery Devices Market is fragmented.  Product launches, new advances collaborations, mergers, and acquisitions are strategies used by competitors. The key competitors of the Global Cataract Surgery Devices Market are Carl Zeiss Meditech AG, Bausch & Lomb Inc., Alcon Incorporated, NIDEK Co. Ltd., Essilor International S.A, Opcon Corporation, STAAR Surgical Company, and Allergen, Inc.

Johnson & Johnson: Johnson & Johnson is one of the key competitors of the Global Cataract Surgery Devices Market; for instance, In April 2019, Johnson & Johnson had announced the acquisition of Auris Health, Inc.; the deal was made for USD 3.4 billion. They are a developer of robotic technologies, initially focused on lung cancer. The acquisition was made by Johnson & Johnson to expand its product portfolio with robotics.

Carl Zeiss Meditech AG: Carl Zeiss Meditech AG is a popular competitor in the Global Cataract Surgery Devices Market. In December 2019, Carl Zeiss Medite had announced the acquisition of ArQule; the deal was made for USD 2.7 billion. They are a medical device company. The acquisition was made by Carl Zeiss Meditech AG to strengthen its product portfolio with robotics.

Abbot: Abbot is a key competitor in the Global Cataract Surgery Devices Market. In September 2017, Abbot had announced the merger of Alere; the deal was made for USD 5.3 billion. They are a medical device company. The merger agreement was made to improve its product portfolio

Scope of the Report

By Product

  • Intraocular Lens (IOL)
  • Ophthalmic Viscoelastic Device (OVD)
  • Femtosecond Laser Equipment
  • Phacoemulsification Equipment

By End User

  • Hospitals
  • Clinics
  • Ophthalmology Centers

By Region

  • North America
  • Europe
  • Asia Pacific
  • LAMEA

Key Reasons to Purchase this Report

  1. It provides a technological development map over time to understand the growth rate of the industry.
  2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
  3. It renders definite analysis for changing competitive dynamics.
  4. It builds a seven-year estimate based on how the market is predicted to grow.

Table of Content

Chapter 1           Overview And Scope

1.1             Market Vision

1.1.1          Market Definition

1.1.2          Market Scope

1.2             Market Segmentation

Chapter 2           Our Research Practice

2.1             Our Research Methodology

2.2             Data Triangulation

2.3             Data Sources

2.4             Assumptions for the study

2.5             Approach Adopted

Chapter 3           Executive Summary

3.1             Market Snapshot

3.2             Regional Snapshot

3.3             Segment Summary

Chapter 4           Covid-19 Impact Analysis

4.1             Overview

4.2             Prevalence analysis

4.3             Key Factor Impact Analysis

Chapter 5           Global Cataract Surgery Devices Market Forces

5.1             What’s Driving the Market

5.2             Porter’s Five Forces Analysis

5.2.1          Power of Suppliers

5.2.2          Threats From New Entrants

5.2.3          Power of Buyer

5.2.4          Threat From Substitute Product

5.2.5          Degree of Competition

Chapter 6           Global Cataract Surgery Devices Market -Industry Snapshots

6.1             Overview

6.1.1          Global Cataract Surgery Devices Market Value, 2019 – 2026, (US$ Bn)

6.2             Market Overview

6.2.1          Drivers Analysis

6.2.2          Restraint/Challenges analysis

6.2.3          Opportunity Analysis

6.3             Supply Chain/Value Chain Analysis

6.4             Market SWOT Analysis

Chapter 7           Global Cataract Surgery Devices Market Analysis, by Product

7.1             Overview

7.2             Key Findings for Cataract Surgery Devices Market- By Product

7.2.1          Cataract Surgery Devices Market- Intraocular Lens (IOL)

7.2.2          Cataract Surgery Devices Market- Ophthalmic Viscoelastic Device (OVD)

7.2.3          Cataract Surgery Devices Market- Femtosecond Laser Equipment

7.2.4          Cataract Surgery Devices Market- Phacoemulsification Equipment

Chapter 8           Global Cataract Surgery Devices Market Analysis, by End User

8.1             Overview

8.2             Key Findings for Cataract Surgery Devices Market- By End User

8.2.1          Cataract Surgery Devices Market- Hospitals

8.2.2          Cataract Surgery Devices Market- Clinics

8.2.3          Cataract Surgery Devices Market- Ophthalmology Centers

Chapter 9           Cataract Surgery Devices Market Analysis by Region

9.1             Key Findings for Cataract Surgery Devices Market- By region

9.2             Overview

9.2.1          Global Cataract Surgery Devices Market Analysis, By Product, 2019 – 2026

9.2.2          Global Cataract Surgery Devices Market Analysis, By End User, 2019 – 2026

9.3             Cataract Surgery Devices Market – North America

9.3.1          Overview

9.3.2          U.S.

9.3.3          Canada

9.3.4          Mexico

9.3.5          North America Market, By Product

9.3.6          North America Market, By End User

9.4             Cataract Surgery Devices Market – Europe

9.4.1          Overview

9.4.2          Germany

9.4.3          United Kingdom

9.4.4          France

9.4.5          Italy

9.4.6          Rest Of Europe

9.4.7          Europe Market, By Product

9.4.8          Europe Market, By End User

9.5             Cataract Surgery Devices Market – Asia Pacific

9.5.1          Overview

9.5.2          China

9.5.3          Japan

9.5.4          India

9.5.5          Rest of APAC

9.5.6          Asia Pacific Market, By Product

9.5.7          Asia Pacific Market, By End User

9.6             Cataract Surgery Devices Market – LAMEA

9.6.1          Overview

9.6.2          Middle East & Africa (MEA)

9.6.3          Latin America

9.6.4          Rest Of World

9.6.5          Latin America, Middle East and Africa Market, By Product

9.6.6          Latin America, Middle East and Africa Market, By End User

Chapter 10       Market Competition Analysis

10.1           Market Share/Positioning Analysis

10.1.1       Market Positioning of Key Vendors, 2019

10.1.2       Key Strategies Adopted by the Leading Players

10.1.3       Recent Developments

Chapter 11       Company Profiles- Snapshot

11.1           Carl Zeiss Meditech AG

11.1.1       Business Fundamentals

11.1.2       Financial Snapshots

11.1.3       Product Portfolio

11.1.4       Recent Developments

11.2           Bausch & Lomb Inc.

11.3           Alcon Incorporated

11.4           NIDEK Co. Ltd

11.5           Essilor International S.A

11.6           Opcon Corporation

11.7           STAAR Surgical Company

11.8           Allergen, Inc.

*More than 10 Companies are profiled in this Research Report*

*Financials would be provided on a best efforts basis for private companies”

Chapter 12       Appendix

 

 

 

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