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Cataract Surgical Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global cataract surgical devices market size reached US$ 8.12 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 10.66 Billion by 2027, exhibiting at a CAGR of 4.48% during 2022-2027. 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 a common ocular disorder wherein the clear and natural lens of the eye becomes cloudy. It leads to partial or complete vision loss, color fading, night blindness, double vision, and sensitivity to bright lights. It develops when proteins in the eye form clumps and prevent the lens from sending clear images to the retina. It is commonly caused by eye injuries, aging, inflammation, and other eye diseases damaging the tissue that protects eye lenses. Consequently, there is a significant growth in the number of cataract surgeries that are performed with the help of technologically advanced devices and laser-assisted technology across the globe.

 

 
 

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Global Cataract Surgical Devices Market Trends:

The increasing geriatric population, which is more prone to cataracts and other eye-related disorders, represents one of the key factors positively influencing the market. In addition, the rising awareness among individuals about the benefits of early diagnosis and treatment of cataracts is catalyzing the demand for cataract surgical devices. Apart from this, technological advancements in ophthalmology, including laser-assisted in situ keratomileuses (LASIK) surgery and the development of advanced cataract surgical devices, such as forceps, speculum wire, Wescott scissors, and calipers, are contributing to the market growth. Besides this, the introduction of femtosecond laser technology is bolstering the market growth. Furthermore, governments of various countries are introducing attractive health schemes to financially support individuals with cataract problems, which, in turn, is offering lucrative growth opportunities to market players operating in the industry. Moreover, increasing investments by leading industry players in research and development (R&D) activities to come up with advanced and efficient cataract surgical devices are anticipated to drive the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global cataract surgical devices market report, along with forecasts at the global and regional levels from 2022-2027. 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
     

IOLs currently represent the most popular product type on account of the rising traction and increasing adoption of foldable and advanced IOLs across the world.

Breakup by End Use:

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

Hospitals presently hold the majority of the global cataract surgical devices market share due to the significant development in the healthcare infrastructure and a considerable rise in advanced healthcare facilities.

Regional Insights:

 

 
 

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

North America exhibits a clear dominance in the market due to the favorable reimbursement policies offered by insurance companies and increasing awareness among individuals in the region about ocular diseases.

Competitive Landscape:

The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Product Type, End-Use, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered Abbott Laboratories, Hoya Corporation, Carl Zeiss Meditec AG, Alcon Laboratories Inc. and Essilor International S.A.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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$), 2016 - 2021
Figure 3: Global: Cataract Surgical Devices Market: Breakup by Product Type (in %), 2021
Figure 4: Global: Cataract Surgical Devices Market: Breakup by End-Use (in %), 2021
Figure 5: Global: Cataract Surgical Devices Market: Breakup by Region (in %), 2021
Figure 6: Global: Cataract Surgical Devices Market Forecast: Sales Value (in Billion US$), 2022-2027
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$), 2016 & 2021
Figure 11: Global: Cataract Surgical Devices (Intraocular Lenses) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Cataract Surgical Devices (Ophthalmic Viscoelastic Devices) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Cataract Surgical Devices (Ophthalmic Viscoelastic Devices) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Cataract Surgical Devices (Femtosecond Laser) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Cataract Surgical Devices (Femtosecond Laser) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Cataract Surgical Devices (Phacoemulsification Equipment) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Cataract Surgical Devices (Phacoemulsification Equipment) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Cataract Surgical Devices (Other Devices) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Cataract Surgical Devices (Other Devices) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Cataract Surgical Devices (End-Use in Hospitals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Cataract Surgical Devices (End-Use in Hospitals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Cataract Surgical Devices (End-Use in Eye Care Clinics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Cataract Surgical Devices (End-Use in Eye Care Clinics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Cataract Surgical Devices (End-Use in Eye Treatment and Surgical Centres) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Cataract Surgical Devices (End-Use in Eye Treatment and Surgical Centres) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: North America: Cataract Surgical Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: North America: Cataract Surgical Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Europe: Cataract Surgical Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Europe: Cataract Surgical Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Asia Pacific: Cataract Surgical Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Asia Pacific: Cataract Surgical Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Latin America: Cataract Surgical Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Latin America: Cataract Surgical Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Middle East and Africa: Cataract Surgical Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Middle East and Africa: Cataract Surgical Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Cataract Surgical Devices Manufacturing: Detailed Process Flow

List of Tables

Table 1: Global: Cataract Surgical Devices Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Cataract Surgical Devices Market Forecast: Breakup by Product Type (in Million US$), 2022-2027
Table 3: Global: Cataract Surgical Devices Market Forecast: Breakup by End-Use (in Million US$), 2022-2027
Table 4: Global: Cataract Surgical Devices Market Forecast: Breakup by Region (in Million US$), 2022-2027
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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Key Questions Answered in This Report

The global cataract surgical devices market was valued at US$ 8.12 Billion in 2021.

We expect the global cataract surgical devices market to exhibit a CAGR of 4.48% during 2022-2027.

Various innovations in ophthalmology, such as laser-assisted technology, for providing safe surgical
procedures to restore patients’ vision, are currently catalyzing the global cataract surgical devices
market.

The sudden outbreak of the COVID-19 pandemic had led to the postponement of elective cataract
surgical procedures to reduce the risk of coronavirus infection upon hospital visits and interaction with
healthcare professionals or medical equipment, thereby limiting the demand for cataract surgical
devices.

Based on the product type, the global cataract surgical devices market has been segmented into
Ophthalmic Viscoelastic Devices (OVDs), Intraocular Lenses (IOLs), femtosecond laser,
phacoemulsification equipment, and others. Currently, Intraocular Lenses (IOLs) hold the majority of the
total market share.

Based on the end use, the global cataract surgical devices market can be categorized into hospitals, eye
care clinics, and eye treatment and surgical centers. Among these, hospitals currently account for the
largest market share.

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin
America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global cataract surgical devices market include Abbott Laboratories,
Hoya Corporation, Carl Zeiss Meditec AG, Alcon Laboratories Inc., and Essilor International S.A.

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