According to the latest report by IMARC Group, titled, “Cataract Surgical Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026“, the global cataract surgical devices market reached a value of US$ 7.7 Billion in 2020.
A cataract is the clouding of the lens present inside the eye, which causes sensitivity to light and blurry or a total loss of vision. The onset of cataract is most commonly witnessed in the middle-aged population. A cataract develops gradually over time with symptoms like decline in vision sharpness, dull appearing colors, and absence of night vision. Surgery is usually performed to restore vision by replacing the cloudy lens with an intraocular lens. This procedure is done with a high-frequency ultrasound device and suction.
The global market is primarily being driven by the increasing prevalence of cataract among the masses. Moreover, technological advancements in the field of ophthalmology, along with overall improvements in the healthcare infrastructure, are acting as a major growth-inducing factor. In addition to this, rising awareness regarding the cataract surgery as an effective and conveniently available treatment option to restore vision is also contributing to the market growth. Other factors, such as growing geriatric population and favorable government initiatives to make cataract surgeries cost-effective, are further creating a positive outlook for the market.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Cataract Surgical Devices Market 2021-2026 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Abbott Laboratories, Hoya Corporation, Carl Zeiss Meditec, Alcon Laboratories, Inc., and Essilor.
For more information about this report visit: https://www.imarcgroup.com/cataract-surgical-devices-market
The report has segmented the market on the basis of Product Type, End-User and Region.
Market Breakup by Product Type
Ophthalmic Viscoelastic Devices
Market Breakup by End-Use
Eye Care Clinics
Eye Treatment and Surgical Centres
Market Breakup by Region
Middle East and Africa
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