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Cataract Surgical Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global cataract surgical devices market reached a value of US$ 7.7 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 4.8% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor. 

A cataract is an eye-related illness that clouds the natural lens of the eye and inhibits vision. It is an age-associated disease that affects people over the age of 40 years. A cataract is one of the chief causes of blindness that cannot be healed with lenses and spectacles. It can also occur in children and young adults after an eye injury or illness. Cataract causes blurry vision, night blindness, color fading, increased sensitivity to bright lights, and double vision. As a result, cataract surgery is performed with the help of advanced devices and laser-assisted technology. It is a common surgical procedure that replaces the clouded natural lens with an artificial lens to restore vision.

 

 
 

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Cataract Surgical Devices Market Trends:

The global cataract surgical devices market is primarily driven by the rising prevalence of cataracts, especially among the geriatric population. Besides this, the growing exposure to ultraviolet radiation, cigarette smoke, and alcohol can damage the functioning of the eye cells, which causes oxidative stress and makes people vulnerable to cataracts. Furthermore, governments of various countries are coming up with health schemes and programs to financially help patients suffering from cataract-related diseases, which is further creating lucrative opportunities for surgical device manufacturers. In addition to this, technological advancements in ophthalmology are bolstering the confidence of patients toward the safety of surgical procedures. Moreover, various research and development (R&D) activities undertaken by key manufacturers have led to the introduction of femtosecond laser technology, which is positively impacting the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global cataract surgical devices market, along with forecasts for growth at the global and regional levels from 2021-2026. Our report has categorized the market based on product type and end use.

Breakup by Product Type:

 

 
 

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  • Ophthalmic viscoelastic devices (OVDs)
  • Intraocular lenses (IOLs)
  • Femtosecond laser
  • Phacoemulsification equipment
  • Others

 

Currently, IOLs represent the most popular product type.

Breakup by End Use:

  • Hospitals
  • Eye care clinics
  • Eye treatment and surgical centers

 

Among these, hospitals account for the majority of the total market share.

Regional Insights:

 

 
 

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

 

On the geographical front, North America holds the leading position in the market.

Competitive Landscape:

The competitive landscape of the market is also analyzed, with some of the leading players being Abbott Laboratories, Hoya Corporation, Carl Zeiss Meditec AG, Alcon Laboratories Inc. and Essilor International S.A.

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 has been the impact of COVID-19 on 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    Impact of COVID-19
    5.4    Market Breakup by Product Type
    5.5    Market Breakup by End-Use
    5.6    Market Breakup by Region
    5.7    Market Forecast
    5.8   SWOT Analysis
        5.8.1    Overview
        5.8.2    Strengths
        5.8.3    Weaknesses
        5.8.4    Opportunities
        5.8.5    Threats
    5.9    Value Chain Analysis
        5.9.1    Overview
        5.9.2    Research and Development
        5.9.3    Raw Material Procurement
        5.9.4    Manufacturing
        5.9.5    Marketing
        5.9.6    Distribution
        5.9.7    End-Use
    5.10    Porters Five Forces Analysis
        5.10.1    Overview
        5.10.2    Bargaining Power of Buyers
        5.10.3    Bargaining Power of Suppliers
        5.10.4    Degree of Competition
        5.10.5    Threat of New Entrants
        5.10.6    Threat of Substitutes
6   Market Breakup by Product Type
    6.1    Intraocular Lenses
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Ophthalmic Viscoelastic Devices
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Femtosecond Laser
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Phacoemulsification Equipment
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Others
        6.5.1 Market Trends
        6.5.2 Market Forecast
7   Market Breakup by End-Use
    7.1    Hospitals
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Eye Care Clinics
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Eye Treatment and Surgical Centres
        7.3.1 Market Trends
        7.3.2 Market Forecast
8   Market Breakup by Region
    8.1    North America
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Europe
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Asia Pacific
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Latin America
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Middle East and Africa
        8.5.1 Market Trends
        8.5.2 Market Forecast
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$), 2015 - 2020
Figure 3: Global: Cataract Surgical Devices Market: Breakup by Product Type (in %), 2020
Figure 4: Global: Cataract Surgical Devices Market: Breakup by End-Use (in %), 2020
Figure 5: Global: Cataract Surgical Devices Market: Breakup by Region (in %), 2020
Figure 6: Global: Cataract Surgical Devices Market Forecast: Sales Value (in Billion US$), 2021-2026
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 (Intraocular Lenses) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: Global: Cataract Surgical Devices (Intraocular Lenses) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Cataract Surgical Devices (Ophthalmic Viscoelastic Devices) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: Cataract Surgical Devices (Ophthalmic Viscoelastic Devices) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Cataract Surgical Devices (Femtosecond Laser) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Cataract Surgical Devices (Femtosecond Laser) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Cataract Surgical Devices (Phacoemulsification Equipment) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Cataract Surgical Devices (Phacoemulsification Equipment) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Cataract Surgical Devices (Other Devices) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Cataract Surgical Devices (Other Devices) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Cataract Surgical Devices (End-Use in Hospitals) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Cataract Surgical Devices (End-Use in Hospitals) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Cataract Surgical Devices (End-Use in Eye Care Clinics) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: Cataract Surgical Devices (End-Use in Eye Care Clinics) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Cataract Surgical Devices (End-Use in Eye Treatment and Surgical Centres) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Global: Cataract Surgical Devices (End-Use in Eye Treatment and Surgical Centres) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: North America: Cataract Surgical Devices Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: North America: Cataract Surgical Devices Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: Europe: Cataract Surgical Devices Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: Europe: Cataract Surgical Devices Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: Asia Pacific: Cataract Surgical Devices Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: Asia Pacific: Cataract Surgical Devices Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: Latin America: Cataract Surgical Devices Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: Latin America: Cataract Surgical Devices Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: Middle East and Africa: Cataract Surgical Devices Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: Middle East and Africa: Cataract Surgical Devices Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: Cataract Surgical Devices Manufacturing: Detailed Process Flow

List of Tables

Table 1: Global: Cataract Surgical Devices Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Cataract Surgical Devices Market Forecast: Breakup by Product Type (in Million US$), 2021-2026
Table 3: Global: Cataract Surgical Devices Market Forecast: Breakup by End-Use (in Million US$), 2021-2026
Table 4: Global: Cataract Surgical Devices Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 5: Cataract Surgical Devices Manufacturing: Raw Material Requirements
Table 6: Global: Cataract Surgical Devices Market: Competitive Structure
Table 7: Global: Cataract Surgical Devices Market: Key Players

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