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Global Cataract Surgical Devices Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2023-2028

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According to the report by Expert Market Research (EMR), the Global Cataract Surgical Devices Market Size is projected to grow at a CAGR of 4.20% between 2023 and 2028. Aided by the increasing prevalence of cataracts and other vision impairment conditions and growing focus on research and development activities, the market is expected to grow significantly by 2028.

Cataract surgical devices are specialised medical devices used for the treatment of cataracts; an eye condition marked by the clouding of the lens leading to decreased vision. Cataract surgeries are performed to remove the clouded lens and replace it with an artificial lens. The primary devices used for this purpose include intraocular lenses (IOLs), ophthalmic viscoelastic devices (OVDs), phacoemulsification devices, and femtosecond lasers.

The increasing prevalence of cataracts and other vision impairment conditions, particularly among the ageing population, is a key factor driving the global cataract surgical devices market growth. With the rise in life expectancy and the growing awareness about eye health, the demand for cataract surgeries has witnessed a significant surge, propelling the need for advanced surgical devices.

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The rising trend of minimally invasive surgeries has further contributed to the increasing popularity of cataract surgical devices. As these procedures offer benefits like reduced surgical time, minimal postoperative complications, and quicker recovery, they have become the preferred choice for cataract removal. Moreover, advancements in technologies such as femtosecond lasers have significantly improved the precision and efficacy of cataract surgeries.

The expanding applications of cataract surgical devices in ophthalmology also play a significant role in propelling the cataract surgical devices market demand. For instance, multifocal IOLs are used not only for cataract treatment but also for correcting presbyopia, a condition of the ageing eye. Furthermore, OVDs, apart from their use in cataract surgery, find application in various other ocular surgeries, adding to the growing demand for these devices.

Moreover, the growing focus on research and development activities has led to the introduction of innovative products in the market, further driving the cataract surgical devices market expansion. For instance, the development of toric IOLs for the simultaneous correction of cataracts and astigmatism has revolutionised the treatment approach for these conditions.

Market Segmentation

The market can be divided based on product type, end use, and region.

Market Breakup by Product Type

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

Market Breakup by End Use

  • Ophthalmology Clinics
  • Hospitals

Market Breakup by Region

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

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global cataract surgical devices companies. Some of the major key players explored in the report by Expert Market Research are as follows:

  • Topcon Corporation
  • Hoya Medical Singapore Pte. Ltd
  • Carl Zeiss Meditec AG
  • Alcon Inc.
  • Johnson & Johnson Vision Care, Inc.
  • Others

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Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.

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