Due to the rapid technological advancements in healthcare industry and the growth in geriatric population, the cataract surgery devices market is expected to have a healthy growth rate during the forecast period. In addition, due to the high population of individuals aged 65 years and above in Asia-Pacific, this region is expected to grow at a high growth rate during 2017-2023.
According to the report by Allied Market Research, titled, “Cataract Surgery Devices Market by Product [Intraocular Lens (IOL), Ophthalmic Viscoelastic Devices (OVD), and Phacoemulsification Equipment], by Type [Equipment and Consumables] by End User [Hospitals, Ophthalmology Clinics and Ambulatory Surgery Centers] – Global Opportunity Analysis and Industry Forecast, 2017-2023″. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.
Cataract is a condition in which clouding of the lens occurs. Cataract surgery devices are instruments and consumables, such as intraocular lens (IOLs), salt solutions, forceps, syringe, liquids for scrubbing, and various hand pieces, which aid in a cataract surgery. These surgery devices help enter vitreous cavity and separating the natural lens from the cavity.
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1) The COVID-19 impact on the Cataract Surgery Devices Market is unpredictable and is expected to remain in force till the fourth quarter of 2018.
2) The COVID-19 outbreak forced governments across the globe to implement strict lockdowns and banned import-export of nonessential items for most of 2018. This led to sudden fall in the availability of important raw materials.
3) Moreover, nationwide lockdowns forced manufacturing facilities to partially or completely shut their operations.
4) Adverse impacts of the COVID-19 pandemic have resulted in delays in activities and initiatives regarding development of reliable and innovative drone analytics systems globally.
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Asia-Pacific witnessed the highest growth rate in the global market from 2017 to 2023. This is attributed to growth in awareness related to cataract as well as due to the introduction of novel cataract surgery procedures. For instance, in 2012 bladeless cataract surgery was introduced in India. However, laser-assisted cataract surgery was not widely accepted at the beginning, nevertheless after the introduction of many reimbursement schemes by the government and increase in awareness, laser-assisted cataract surgeries are accepted widely in the Asia-Pacific.
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The Major Key Players Are:
The major companies profiled in the report include Abbott Laboratories, Novartis AG, Carl Zeiss Meditec AG, Essilor International S.A., HAAG-Streit Holding AG, Johnson & Johnson, Nidek Co., Ltd., Topcon Corporation, Valeant Pharmaceuticals International, Inc., and Ziemer Ophthalmic Systems AG.
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