The globally market for cataract surgery device is growing steadily. Factors that influence the cataract surgery device market are increasing prevalence of cataract surgery, increasing advance technology in cataract surgery device market, increase in the aging population, prevalence of eye disease and many others. Globally the market for cataract surgery device is expected to grow at the rate of about 5.5% from 2016 to 2022.
- The cataract surgery device global market is expected to reach $4.5 billion by 2022.
- Intraocular lens (IOL) holds the largest share of 79% of the cataract surgery device market.
- North America holds the largest market share of around 46% of cataract surgery device.
- Asia Pacific is expected to be the fastest growing market at a CAGR of 5.5%
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Global Cataract Surgery device market has been segmented on the basis of device type which comprises of intraocular lens (IOL), ophthalmic viscoelastic device (OVD), phacoemulsification equipment and femtosecond laser equipment. Furthermore on the basis of end user the market is segmented into ophthalmology centers, hospitals, clinics and others.
Regional Analysis of Cataract Surgery device Market:
Globally North America is the largest market for Cataract Surgery device market. The North American market for Cataract Surgery device is expected to grow at a CAGR of 4.9%. Europe is the second-largest market for Cataract Surgery device which is expected to grow at a CAGR of 5.2%. Asia pacific region is expected to be fastest growing region in Cataract Surgery device market.
Key Players for Cataract Surgery device Market:
Some of the key players in this market are: Alcon, Inc. (U.S), Abbott Laboratories (U.S.), Carl Zeiss Meditech AG (Germany), Essilor International S.A. (France), Opcon Corporation (Japan), Allergan, Inc. (U.S.), Bausch & Lomb, Inc. (U.S.), NIDEK Co., Ltd. (Japan), STAAR Surgical Company (U.S.) and others.
Study objectives of the Market:
- Providing detail analysis of the market structure along with forecast for the next 7 years of various segments and sub-segments of the Cataract Surgery device market.
- Giving insights about factors affecting the market growth.
- Analyzing the market based on various factors- price analysis, supply chain analysis, Porters Five Force analysis etc.
- Giving the past revenue and predicted future revenue of the market segments and sub-segments with respect to the main market and various markets globally.
- Giving regional level analysis of the market with respect to the current market size and future prospective.
- Giving regional level analysis of the market with respect to segments, device type, end-users and market’s sub-segments.
- Providing an overview of key players and their strategic profiling in the market, comprehensively analyzing their core competencies and drawing a competitive structure of the market.
- Tracking and analyzing competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments along with research and developments in the global Cataract Surgery device market.
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The report for Cataract Surgery device market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides detail information and strategies of the top key players in the industry. The report also gives a broad study of the different markets segments and regions.
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