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Report Overview

The global cataract surgery device market was valued at USD 8.54 Billion in 2023, driven by the rising prevalence of cataracts and the aging population across the globe. The market is anticipated to grow at a CAGR of 4.20% during the forecast period of 2024-2032, with the values likely to reach USD 12.37 Billion by 2032.

2023

Base Year

2017-2023

Historical Year

2024-2032

Forecast Year

  • The market is experiencing significant growth driven by the increasing aging population, rising prevalence of cataracts, and advancements in surgical technologies.
  • In October 2024, Zeiss launched the Micor 700 lens extraction device in the United States. It is a non-ultrasonic, cost-effective, and sustainable solution for cataract surgery, enhancing patient safety. Such product launches are expected to boost the market value significantly in the forecast period.
  • The shift toward precision surgery, the integration of AI and robotics in surgical procedures, and the increasing use of advanced materials for intraocular lenses to improve patient outcomes are the key trends that are likely to boost market growth in the coming years.

Cataract Surgery Device Market Overview

A cataract surgery device is specialized equipment used to remove cataracts and restore vision, including lasers, phacoemulsification tools, and intraocular lenses. The market is witnessing growth with the rising geriatric population base, which is more susceptible to developing the condition, ultimately leading to an increase in cataract surgeries. Also, the development of advanced technologies has resulted in the emergence of innovative surgical techniques and equipment leading to enhanced results of the surgery and higher patient satisfaction.

Cataract Surgery Device Market Growth Drivers

Rising Prevalence of Cataracts and Aging Population to Drive the Marker Growth

The market growth is driven by the rising prevalence of cataracts. The increasing incidence is creating a major opportunity for cataract surgery device expansion. Additionally, it is anticipated that the market value for cataract surgery devices will grow over the forecast period due to the increasing aging population, rising awareness of the illness, and developing healthcare infrastructure in emerging nations.

Cataract Surgery Device Market Trends

Cataract Surgery Device Market Segmentation

The market report offers a detailed analysis of the market based on the following segments:

Market Breakup by Product Type

  • Phacoemulsification Systems
  • Femtosecond Laser
  • Intraocular Lenses
  • Ophthalmic Viscoelastic Devices
  • Others

Market Breakup by Application

  • Posterior Sub-capsular Cataracts
  • Cortical Cataracts
  • Nuclear Sclerotic Cataracts
  • Congenital Cataracts
  • Traumatic Cataracts
  • Others

Market Breakup by End User

  • Hospitals
  • Ophthalmic Clinics
  • Research Institutes
  • Others

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Cataract Surgery Device Market Share

Segmentation Based on Product Type to Witness Substantial Growth

Based on the product type, the market segment includes phacoemulsification systems, femtosecond lasers, intraocular lenses, ophthalmic viscoelastic devices, and others. Phacoemulsification systems are expected to lead the market due to their widespread use and effectiveness in emulsifying cataract lenses for removal. These systems are preferred due to their precision, minimal incision requirements, and faster recovery time, driving their dominance in the market.

Cataract Surgery Device Market Analysis by Region

The market is divided into regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is leading the market and is expected to exhibit significant growth during the forecast period. This growth can be attributed to the presence of major market participants in the United States as well as the significant volume of cataract operations in the region. The main drivers propelling market expansion in the region are the advantageous reimbursement policies of insurance companies and rising awareness regarding ocular illnesses.

Leading Players in the Cataract Surgery Device Market

The key features of the market report comprise patent analysis, grants analysis, funding and investment analysis, and strategic initiatives by the leading players. The major companies in the market are as follows:

Coburn Technologies Inc.

Coburn Technologies is a leader in optical lens processing and ophthalmic diagnostic equipment. In March 2024, they introduced the HTG-1 Full Corneal Topography System. This advanced system aids in diagnosing corneal conditions and guiding cataract surgery by providing precise data on corneal curvature, refractive power, and irregularities, supporting optimal surgical outcomes.

NIDEK

Nidek is a global leader in ophthalmic and optometric equipment, known for designing innovative devices. In Fe...

Alcon, Inc.

Alcon is a Swiss-American company and a global leader in eye care, specializing in ophthalmic devices and surg...

Bausch & Lomb, Inc.

Bausch & Lomb, an American-Canadian eye health company, is a major player in the cataract surgery device marke...

*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*

Other key players in the market include Johnson & Johnson, Ziemer Ophthalmic Systems, Carl Zeiss, STAAR SURGICAL, Hoya Corporation, Rayner Intraocular Lenses Limited, and SIFI S.p.A.

Key Questions Answered in the Cataract Surgery Device Market Report

  • What was the cataract surgery device market value in 2023?
  • What is the cataract surgery device market forecast outlook for 2024-2032?
  • What are the regional markets covered in the EMR report?
  • What is the market segmentation based on product type?
  • What is the market segmentation based on application?
  • What is the market breakup based on the end user?
  • What major factors aiding cataract surgery device market demand?
  • How has the market performed so far and how is it anticipated to perform in the coming years?
  • What are the major drivers, opportunities, and restraints in the market?
  • What are the major trends influencing the market?
  • Which regional market is expected to dominate the market share in the forecast period?
  • Which country is likely to experience elevated growth during the forecast period?
  • Who are the key players involved in the cataract surgery device market?
  • What are the current unmet needs and challenges in the market?
  • How are partnerships, collaborations, mergers, and acquisitions among the key market players shaping the market dynamics?

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2017-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product Type
  • Application
  • End User
  • Region
Breakup by Product Type
  • Phacoemulsification Systems
  • Femtosecond Laser
  • Intraocular Lenses
  • Ophthalmic Viscoelastic Devices
  • Others
Breakup by Application
  • Posterior Sub-capsular Cataracts
  • Cortical Cataracts
  • Nuclear Sclerotic Cataracts
  • Congenital Cataracts
  • Traumatic Cataracts
  • Others
Breakup by End User
  • Hospitals
  • Ophthalmic Clinics
  • Research Institutes
  • Others
Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Market Dynamics
  • Market Drivers and Constraints
  • SWOT Analysis
  • PESTEL Analysis
  • Porter’s Five Forces Model 
  • Key Demand Indicators
  • Key Price Indicators
  • Industry Events, Initiatives, and Trends 
  • Value Chain Analysis
Supplier Landscape
  • Market Structure
  • Company Profiles
    • Financial Analysis
    • Product Portfolio
    • Demographic Reach and Achievements
    • Company News and Developments
    • Certifications
Companies Covered
  • Coburn Technologies Inc.
  • NIDEK
  • Alcon, Inc.
  • Bausch & Lomb, Inc.
  • Johnson & Johnson
  • Ziemer Ophthalmic Systems
  • Carl Zeiss
  • STAAR SURGICAL
  • Hoya Corporation
  • Rayner Intraocular Lenses Limited
  • SIFI S.p.A

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63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63 287899028, +63 967 048 3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124