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The global cataract surgical devices market size stood at a value of around USD 9.08 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 4.20% to reach USD 13.14 billion by 2032.
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Intraocular lenses are artificial lenses which are engineered with high precision as an implant in cataract surgeries. The intraocular lens is permanently fixed inside the eye because of which, it does not require cleaning and it cannot fall out of the eye. One of the crucial advantages of these lenses is that the patient feels no sensation or irritation. This bolsters the comfort of the geriatric patients during the cataract treatment process. Moreover, these lenses improve the patient’s vision and can be customised for ocular needs.
Over the forecast period, foldable intraocular lenses are anticipated to witness a high demand owing to the small incision requirement during the lens fixation process. Furthermore, the rapid development of multifocal intraocular lenses is likely to aid the segment in the coming years.
The market in the Asia Pacific region is being driven by the increasing cases of cataract disorders owing to the increasing geriatric populations in China and Japan. According to a report by the National Library of Medicine, the prevalence of cataract disorders among the geriatrics in China alone, stood at around 27.45%.
The favourable reimbursement policies of the governments of emerging nations such as India, couped with the advancements in the healthcare infrastructure are anticipated to accelerate the market growth in the coming years. Furthermore, the market in the region is likely to be positively navigated by the rising healthcare awareness and increasing disposable income.
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Cataract is an eye disorder in which the eye lens develops cloudy patches, restraining people from seeing things clearly. Cataract surgical devices refer to the devices which are used to remove cataracts from the eye in order to prevent permanent loss of vision, bleeding of eye, infection, and swelling of the retina.
Based on product type, the cataract surgical devices market can be segmented into:
By end-use, the market has been bifurcated into:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The rising demand for the cataract surgical devices market is owing to the increasing prevalence of age-related cataracts. According to a report by WHO, around 94 million people worldwide suffer from severe distance vision impairment or visual loss due to cataract. Over the forecast period, the growing risk of cataract among the millennials due to excessive smoking, increasing alcohol consumption, and prolonged exposure to sun is anticipated to propel the demand.
Moreover, some of the key market forces fuelling demand include rising healthcare expenditure, increasing geriatric population, and rapid development of eye hospitals in the emerging economies. There are growing research and development activities and technological advancements in the eye-care centres. Coupled with favourable policies of the government aimed towards reducing the burden of cataract related diseases, these factors are anticipated to boost the market growth in the coming years.
The report gives a detailed analysis of the following key players in the global cataract surgical devices market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
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:
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Breakup by Product Type |
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Breakup by End-Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Application
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Cataract Surgical Devices Market Analysis
8.1 Key Industry Highlights
8.2 Global Cataract Surgical Devices Historical Market (2018-2023)
8.3 Global Cataract Surgical Devices Market Forecast (2024-2032)
8.4 Global Cataract Surgical Devices Market by Product Type
8.4.1 Ophthalmic Viscoelastic Devices
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Intraocular Lenses
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Femtosecond Laser
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Phacoemulsification Equipment
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Others
8.5 Global Cataract Surgical Devices Market by End-Use
8.5.1 Ophthalmology Clinics
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Hospitals
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Cataract Surgical Devices Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.8 Middle East and Africa
8.6.8.1 Historical Trend (2018-2023)
8.6.8.2 Forecast Trend (2024-2032)
9 North America Cataract Surgical Devices Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Cataract Surgical Devices Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Cataract Surgical Devices Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.2 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Cataract Surgical Devices Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Cataract Surgical Devices Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Topcon Corporation
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Hoya Medical Singapore Pte. Ltd
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Carl Zeiss Meditec AG
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Alcon Inc.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Johnson & Johnson Vision Care, Inc.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Cataract Surgical Devices Market: Key Industry Highlights, 2018 and 2032
2. Global Cataract Surgical Devices Historical Market: Breakup by Product Type (USD Million), 2018-2023
3. Global Cataract Surgical Devices Market Forecast: Breakup by Product Type (USD Million), 2024-2032
4. Global Cataract Surgical Devices Historical Market: Breakup by End User (USD Million), 2018-2023
5. Global Cataract Surgical Devices Market Forecast: Breakup by End User (USD Million), 2024-2032
6. Global Cataract Surgical Devices Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Cataract Surgical Devices Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Cataract Surgical Devices Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Cataract Surgical Devices Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Cataract Surgical Devices Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Cataract Surgical Devices Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Cataract Surgical Devices Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Cataract Surgical Devices Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Cataract Surgical Devices Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Cataract Surgical Devices Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Cataract Surgical Devices Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Cataract Surgical Devices Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Global Cataract Surgical Devices Market Structure
In 2023, the global market size was estimated to have attained a value of nearly USD 9.08 million.
The projected growth rate of the global market over a forecast period of between 2024 and 2032 is a CAGR of 4.20%.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a valuation of USD 13.14 billion by 2032.
The major regions in the industry identified by the EMR report are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major drivers of the market include the increasing prevalence of cataract disorder, rising geriatric population, and rapid development of ophthalmology clinics in the emerging economies.
The favourable reimbursement policies of the government and growing innovations to reduce the burden of cataract-related disorders are likely to be the key trends expected to have an impact on the global market.
Ophthalmic viscoelastic devices, intraocular lenses, femtosecond laser, and phacoemulsification equipment are the are the different materials based on which the market has been segmented.
Ophthalmology clinics and hospitals is the segmentation of market based on end-use.
The major players in the industry are Topcon Corporation, Hoya Medical Singapore Pte. Ltd, Carl Zeiss Meditec AG, Alcon Inc., and Johnson & Johnson Vision Care, Inc., among others.
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