Cataract Surgical Devices Market Research Report 2023-2028
A cataract is an eye disorder wherein the natural lens of the eye becomes cloudy. It develops due to the breaking of the protein and fiber that prevents the eye lens from sending clear images to the retina. It leads to various difficulties, including blurred or complete vision loss, sensitivity to bright light and glare, fading of colors, seeing halos around lights, and night blindness. It is generally caused by smoking, obesity, diabetes, genetic conditions, hypertension, eye inflammation, prolonged use of corticosteroid medications, and excessive exposure to sunlight. It is treated through cataract surgeries that are performed with the help of technologically advanced devices and laser-assisted technology. Cataract surgical devices help remove the lens from the eye and replace it with an artificial lens. They are used to perform various surgeries, such as extracapsular cataract extraction, phacoemulsification, and femtosecond laser. At present, cataract surgical devices find extensive applications in hospitals, eye care clinics, and surgical centers across the globe.
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Cataract Surgical Devices Market Trends:
The growing geriatric population, which is more susceptible to eye disorders, along with the increasing prevalence of cataracts across the globe, represents one of the key factors positively influencing the market. In addition, the rising awareness about the benefits of early diagnosis and treatment of cataracts, such as shorter surgery and recovery time, is creating a positive market outlook. The expansion of hospitals and eye care clinics is offering lucrative growth opportunities to the manufacturers. Moreover, developing healthcare infrastructure, inflating disposable incomes, and favorable reimbursement policies are other factors strengthening the market growth. Apart from this, governments of various countries are introducing attractive health schemes and financial assistance for cataract surgeries, which is contributing to the market growth.
Additionally, the increasing adoption of phacoemulsification due to small self-sealing incisions is offering a favorable market outlook. In line with this, technological advancements in ophthalmology, including laser-assisted in situ keratomileuses (LASIK) surgery and the development of advanced cataract surgical devices, such as forceps, speculum wire, Wescott scissors, and calipers, are driving the market. Furthermore, leading market players are constantly investing in research and development (R&D) activities to introduce more advanced and efficient surgical devices, which is propelling the market growth. They are also focusing on reducing the duration of surgeries and associated risks, such as drooping eyelids, inflammation, swelling, and bleeding. Besides this, the integration of advanced technologies, such as artificial intelligence (AI) and virtual reality (VR), in the treatment procedures is providing a thrust to the market growth.
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The report cover the below key market segments:
Breakup by Product Type:
- Ophthalmic viscoelastic devices (OVDs)
- Intraocular lenses (IOLs)
- Femtosecond laser
- Phacoemulsification equipmentOthers
Breakup by End-Use:
- Hospitals
- Eye care clinics
- Eye Treatment and Surgical Centres
Regional Insights:
- Europe
- North America
- Latin America
- Asia Pacific
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are Abbott Laboratories, Hoya Corporation, Carl Zeiss Meditec AG, Alcon Laboratories Inc., and Essilor International S.A.
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