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Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....
Cataract Surgery Devices Market: By Product Type, By End User, and Region Forecast 2019-2030
Cataract Surgery Devices Market: By Product Type, By End User, and Region Forecast 2019-2030
Cataract Surgery Devices Market size was valued at US$ 8.5 billion in 2023 and is expected to reach US$ 12.8 billion by 2030, at a CAGR of 5.2% from 2024 to 2030. Cataract surgery is referred as removal of the natural lens (eye crystalline lens) that has developed an opacification. Cataract is a eye disease in which clear lens of eye becomes cloudy or opaque and causes decrease in vision. The natural lens of eye focuses light onto the retina, so images appear without distortion and clearly. The blurring of this lens during cataract formation causes distortion of vision. Cataract development is gradual and it is a process of normal ageing but occasionally can develop rapidly. Cataract generally affects both eyes, but it is uncommon for a cataract in one eye to advance more rapidly.
The market is very common, especially among the elder people. There is a significant increase in the incidence of eye diseases across the world, especially in middle-income and industrialized countries. With the high prevalence of obesity and diabetes among the young population, the risk of vision loss and other eye disorders have increased rapidly, and positively impact cataract surgery market over forecast period. People with diabetes will have increased risk of being affected by diabetic macular oedema and retinopathy. This growing prevalence of diabetic eye diseases will increase the adoption eye laser procedures, thereby positively influence the eye supplements market in forecast period. According to National Institute of Eye, the risk of cataract will increase with each decade of life starting around the age of 40. By age 75, half of Americans and by the age of 80, 70% of the American population will have a cataract.
Study Period
2024-2030Base Year
2023CAGR
5.2%Largest Market
North-AmericaFastest Growing Market
Asia Pacific
Cataract surgery devices market is primarily driven by the increase in aged population, rise in the prevalence of ocular disorders, technological advancement in healthcare around the globe and economic growth in the emerging economies. However, low awareness among people about eye disorder, lack of health care insurance, and poor primary health care infrastructure in developing and under developed countries are some factors that are hindering the growth of cataract surgery devices market.
Geographically cataract surgery devices market is segmented into following regions viz. North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. North America is the largest market for cataract surgery device market followed by Europe. The North American market for cataract surgery is high due to the surge in technological advancements in cataract devices and awareness about laser eye surgeries among key stakeholders, have boosted the sales of eye care surgical devices in the region. The growing number of laser refractive surgeries and the emergence of laser technology in treatment of cataract surgery expected to grow the market revenue. Asia Pacific region is expected to be a fastest growing cataract surgery device market due to large geriatric population.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 8.5 billion |
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Market Size in 2030 |
US$ 12.8 billion |
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Market CAGR |
5.2% |
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By Product Type |
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By End User |
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By Region |
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The cataract surgery devices market size was valued at US$ 8.5 billion in 2023 and is expected to reach US$ 12.8 billion by 2030, at a CAGR of 5.2% from 2024 to 2030.
The Cataract surgery devices market is growing at a CAGR of 5.2% over the forecast period
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.
| 1. Executive Summary |
| 2. Global Cataract Surgery Devices Market Introduction |
| 2.1.Global Cataract Surgery Devices Market - Taxonomy |
| 2.2.Global Cataract Surgery Devices Market - Definitions |
| 2.2.1.Product Type |
| 2.2.2.End User |
| 2.2.3.Region |
| 3. Global Cataract Surgery Devices Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4. Global Cataract Surgery Devices Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Cataract Surgery Devices Market By Product Type , 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Intraocular lenses |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Ophthalmic Viscoelastic Devices |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Phacoemulsification Equipment |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6. Global Cataract Surgery Devices Market By End User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Ophthalmology clinics |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Hospitals |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Ambulatory Surgical Centres |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 7.Global Cataract Surgery Devices Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific (APAC) |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Middle East and Africa (MEA) |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Latin America |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8. North America Cataract Surgery Devices Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.Intraocular lenses |
| 8.1.2.Ophthalmic Viscoelastic Devices |
| 8.1.3.Phacoemulsification Equipment |
| 8.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.Ophthalmology clinics |
| 8.2.2.Hospitals |
| 8.2.3.Ambulatory Surgical Centres |
| 8.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1.United States of America (USA) |
| 8.3.2.Canada |
| 9.Europe Cataract Surgery Devices Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Intraocular lenses |
| 9.1.2.Ophthalmic Viscoelastic Devices |
| 9.1.3.Phacoemulsification Equipment |
| 9.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Ophthalmology clinics |
| 9.2.2.Hospitals |
| 9.2.3.Ambulatory Surgical Centres |
| 9.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Germany |
| 9.3.2.France |
| 9.3.3.Italy |
| 9.3.4.United Kingdom (UK) |
| 9.3.5.Spain |
| 9.3.6.Rest of EU |
| 10. Asia Pacific (APAC) Cataract Surgery Devices Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Intraocular lenses |
| 10.1.2.Ophthalmic Viscoelastic Devices |
| 10.1.3.Phacoemulsification Equipment |
| 10.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Ophthalmology clinics |
| 10.2.2.Hospitals |
| 10.2.3.Ambulatory Surgical Centres |
| 10.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.China |
| 10.3.2.India |
| 10.3.3.Australia and New Zealand (ANZ) |
| 10.3.4.Japan |
| 10.3.5.Rest of APAC |
| 11.Middle East and Africa (MEA) Cataract Surgery Devices Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Intraocular lenses |
| 11.1.2.Ophthalmic Viscoelastic Devices |
| 11.1.3.Phacoemulsification Equipment |
| 11.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Ophthalmology clinics |
| 11.2.2.Hospitals |
| 11.2.3.Ambulatory Surgical Centres |
| 11.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.GCC Countries |
| 11.3.2.South Africa |
| 11.3.3.Rest of MEA |
| 12. Latin America Cataract Surgery Devices Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Intraocular lenses |
| 12.1.2.Ophthalmic Viscoelastic Devices |
| 12.1.3.Phacoemulsification Equipment |
| 12.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Ophthalmology clinics |
| 12.2.2.Hospitals |
| 12.2.3.Ambulatory Surgical Centres |
| 12.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Brazil |
| 12.3.2.Mexico |
| 12.3.3.Rest of LA |
| 13. Competition Landscape |
| 13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 13.2.1.Abbott Laboratories |
| 13.2.2.Boston Scientific Corporation |
| 13.2.3.Maquet |
| 13.2.4.Medtronic |
| 13.2.5.LivaNova PLC |
| 13.2.6.Terumo Medical Corporation |
| 13.2.7.Johnson & Johnson Services Inc. |
| 13.2.8.Biotronik |
| 13.2.9.Cordis Corporation |
| 13.2.10.AbbVie |
| 13.2.11.Alcon Inc. |
| 13.2.12.Bausch & Lomb Incorporated |
| 13.2.13.BVI Medical, Inc |
| 13.2.14.Carl Zeiss Meditec AG |
| 13.2.15.Essilor International |
| 13.2.16.HAAG-STREIT GROUP |
| 13.2.17.HOYA MEDICAL SINGAPORE PTE LTD |
| 13.2.18.Millennium Surgical Corp |
| 13.2.19.NIDEK USA, Inc. |
| 13.2.20.STAAR Surgical Company |
| 13.2.21.Surgitrac Instruments UK Limited |
| 13.2.22.Topcon Corporation. |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
Key Market Players
Author
Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthcare domain, encompassing pharmaceuticals, medical devices, and diagnostics. A graduate in Pharmacy, he possesses a strong foundation in the intricacies of the healthcare sector. He further enhanced his expertise by pursuing an MBA in Pharmaceuticals, equipping him with valuable business acumen. His analytical skills and market insights have contributed to strategic decision-making and enhanced market positioning for various healthcare organizations. Committed to driving innovation and excellence, Muni continues to seek opportunities to improve healthcare delivery through data-driven insights.