A cataract refers to the clouding of the eye's natural lens, which lies behind the iris and pupil. It is the most common cause of vision loss in people over the age of 40 years and one of the chief causes of blindness in the world. Cataract is treated with surgical procedures in which the surgeon removes the clouded lens and replaces it with an artificial lens. Cataract surgery is very successful in restoring vision, and thus represents one of the most common surgical procedures. According to IMARC Group’s latest report, titled “Cataract Surgical Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the global cataract surgical devices market reached a value of US$ 6.8 Billion in 2017.
The market is driven by an increase in the prevalence of cataract along with technological developments in the field of ophthalmology. Additionally, rise in the geriatric population worldwide is boosting the demand for cataract surgical devices. On the other hand, the high cost associated with the cataract surgeries is likely to restrain the market growth in the developing regions such as India, China, Brazil, and South Africa. However, governments of many countries are now coming up with health schemes and programmes to reduce the burden of cataract-related diseases on the patients, which is further creating lucrative opportunities for the surgical devices manufacturers. Owing to the aforementioned factors, the market expected to reach a value of US$ 8.5 Billion by 2023, exhibiting a CAGR of 3.8%.
The report has segmented the market on the basis of type including Intraocular Lenses (IOLs), femtosecond laser, Ophthalmic Viscoelastic Devices (OVDs), phacoemulsification equipment and others. Amongst these, IOLs represent the most popular product type. The report has further segregated the market on the basis of applications wherein hospitals accounts for the largest share, followed by eye care clinics, and eye treatment and surgical centres. On a regional basis, the report covers North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Currently, North America represents the largest region. The report has also analysed the competitive landscape of the market with some of the key global players being Abbott Laboratories, Hoya Corporation, Carl Zeiss Meditec, Alcon Laboratories, Inc., and Essilor.
This report provides a deep insight into the global cataract surgical devices market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the cataract surgical devices industry in any manner.
Key Questions Answered in This Report:
- How has the global cataract surgical devices market performed so far and how will it perform in the coming years?
- What are the key regions in the global cataract surgical devices market?
- What are the key application segments in the global cataract surgical devices market?
- Which are the popular product types in the global cataract surgical devices market?
- What are the various stages in the value chain of the global cataract surgical devices market?
- What are the key driving factors and challenges in the global cataract surgical devices market?
- What is the structure of the global cataract surgical devices market and who are the key players?
- What is the degree of competition in the global cataract surgical devices market?
- How are cataract surgical devices manufactured?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Cataract Surgical Devices Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Product Type
5.4 Market Breakup by End-Use
5.5 Market Breakup by Region
5.6 Market Forecast
5.7 SWOT Analysis
5.7.1 Overview
5.7.2 Strengths
5.7.3 Weaknesses
5.7.4 Opportunities
5.7.5 Threats
5.8 Value Chain Analysis
5.8.1 Overview
5.8.2 Research and Development
5.8.3 Raw Material Procurement
5.8.4 Manufacturing
5.8.5 Marketing
5.8.6 Distribution
5.8.7 End-Use
5.9 Porters Five Forces Analysis
5.9.1 Overview
5.9.2 Bargaining Power of Buyers
5.9.3 Bargaining Power of Suppliers
5.9.4 Degree of Competition
5.9.5 Threat of New Entrants
5.9.6 Threat of Substitutes
6 Market Breakup by Product Type
6.1 Intraocular Lenses
6.2 Ophthalmic Viscoelastic Devices
6.3 Femtosecond Laser
6.4 Phacoemulsification Equipment
6.5 Others
7 Market Breakup by End-Use
7.1 Hospitals
7.2 Eye Care Clinics
7.3 Eye Treatment and Surgical Centres
8 Market Breakup by Region
8.1 North America
8.2 Europe
8.3 Asia Pacific
8.4 Latin America
8.5 Middle East and Africa
9 Cataract Surgical Devices Manufacturing Process
9.1 Product Overview
9.2 Raw Material Requirements
9.3 Manufacturing Process
9.4 Key Success and Risk Factors
10 Competitive Landscape
10.1 Market Structure
10.2 Key Players
10.3 Profiles of Key Players
10.3.1 Abbott Laboratories
10.3.1.1 Company Overview
10.3.1.2 Description
10.3.1.3 Product Portfolio
10.3.1.4 Financials
10.3.1.5 SWOT Analysis
10.3.2 Hoya Corporation
10.3.2.1 Company Overview
10.3.2.2 Description
10.3.2.3 Product Portfolio
10.3.2.4 Financials
10.3.2.5 SWOT Analysis
10.3.3 Carl Zeiss Meditec
10.3.3.1 Company Overview
10.3.3.2 Description
10.3.3.3 Product Portfolio
10.3.3.4 Financials
10.3.3.5 SWOT Analysis
10.3.4 Alcon Laboratories, Inc.
10.3.4.1 Company Overview
10.3.4.2 Description
10.3.4.3 Product Portfolio
10.3.5 Essilor
10.3.5.1 Company Overview
10.3.5.2 Description
10.3.5.3 Product Portfolio
10.3.5.4 Financials
10.3.5.5 SWOT Analysis
List of Figures
Figure 1: Global: Cataract Surgical Devices Market: Major Drivers and Challenges
Figure 2: Global: Cataract Surgical Devices Market: Sales Value (in Billion US$), 2010-2017
Figure 3: Global: Cataract Surgical Devices Market: Breakup by Product Type (in %), 2017
Figure 4: Global: Cataract Surgical Devices Market: Breakup by End-Use (in %), 2017
Figure 5: Global: Cataract Surgical Devices Market: Breakup by Region (in %), 2017
Figure 6: Global: Cataract Surgical Devices Market Forecast: Sales Value (in Billion US$), 2018-2023
Figure 7: Global: Cataract Surgical Devices Industry: SWOT Analysis
Figure 8: Global: Cataract Surgical Devices Industry: Value Chain Analysis
Figure 9: Global: Cataract Surgical Devices Industry: Porter’s Five Forces Analysis
Figure 10: Global: Cataract Surgical Devices Market: Intraocular Lenses Sales Value (in Million US$), 2010, 2017 & 2023
Figure 11: Global: Cataract Surgical Devices Market: Ophthalmic Viscoelastic Devices Sales Value (in Million US$), 2010, 2017 & 2023
Figure 12:Global: Cataract Surgical Devices Market: Femtosecond Laser Sales Value (in Million US$), 2010, 2017 & 2023
Figure 13: Global: Cataract Surgical Devices Market: Phacoemulsification Equipment Sales Value (in Million US$), 2010, 2017 & 2023
Figure 14: Global: Cataract Surgical Devices Market: Other Devices Sales Value (in Million US$), 2010, 2017 & 2023
Figure 15: Global: Cataract Surgical Devices Market (Applications in Hospitals): Sales Value (in Million US$), 2010, 2017 & 2023
Figure 16: Global: Cataract Surgical Devices Market (Applications in Eye Care Clinics): Sales Value (in Million US$), 2010, 2017 & 2023
Figure 17:Global: Cataract Surgical Devices Market (Applications in Eye Treatment and Surgical Centres): Sales Value (in Million US$), 2010, 2017 & 2023
Figure 18: North America: Cataract Surgical Devices Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 19: Europe: Cataract Surgical Devices Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 20: Asia Pacific: Cataract Surgical Devices Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 21: Latin America: Cataract Surgical Devices Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 22: Middle East and Africa: Cataract Surgical Devices Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 23: Cataract Surgical Devices Manufacturing: Process Flow
List of Tables
Table 1: Global: Cataract Surgical Devices Market: Key Industry Highlights, 2017 and 2023
Table 2: Global: Cataract Surgical Devices Market Forecast: Breakup by Product Type (in Million US$), 2018-2023
Table 3: Global: Cataract Surgical Devices Market Forecast: Breakup by End-Use (in Million US$), 2018-2023
Table 4: Global: Cataract Surgical Devices Market Forecast: Breakup by Region (in Million US$), 2018-2023
Table 5: Cataract Surgical Devices: Raw Material Requirements
Table 6: Global: Cataract Surgical Devices Market Structure
Table 7: Global: Cataract Surgical Devices Market: Key Players