According to FutureWise analysis the market for Cataract Surgery Devices in 2023 is US$ 9.37 billion, and is expected to reach US$ 12.94 billion by 2031 at a CAGR of 4.10%.
An eye condition known as a cataract causes the eye lens to become cloudy, impairing vision permanently. Cataract surgery aims to remove the clouded natural lens and implant an intraocular lens. In order to restore eye vision, the artificial lens is replaced as part of the treatment. The tools and equipment used in this cataract surgery procedure, such as phacoemulsification systems, gloves, drapes, balanced salt solution, forceps, irrigation set, ophthalmic viscoelastic devices, and intraocular lenses, are recognized as cataract surgery devices because they serve as an effective solution for such eye defects and do not harm the cornea. Removing the cataract surgically is the only way to regain eyesight and see the world. Cataract surgery is often performed as an outpatient procedure, and the majority of patients are released immediately afterward.
Cataract is one of the most common diseases that causes blindness and impairs vision. Cataracts frequently affect either one or both eyes and progress slowly. Even though a cataract doesn't affect vision initially, it eventually obstructs vision and could result in blindness. Blurred vision, sensitivity to bright lights, fading colors, and difficulty seeing at night are all signs of cataracts. The market for cataract surgery devices has a lot of potentials to grow because cataract surgery is the most commonly performed ophthalmic operation. The emergence of cutting-edge technologies has also helped to increase demand for higher-end surgical equipment for cataracts. During the projected period, it is expected that the expansion of the market for cataract surgical devices in emerging nations will be aided by the expanding healthcare infrastructure and improved accessibility to cataract surgical equipment.
FutureWise Market Research has published a report that provides an insightful analysis of cataract surgery devices market trends that are affecting the overall market growth. This report will provide a detailed analysis of market share, regional insights, and competitor analysis that includes stature of key manufacturers operational in this industry.
According to the analysis conducted by FutureWise research analysts, the cataract surgery devices market is estimated to register a considerable growth rate over the forecast period. This report lists the market segments and potential prospects available across this industry, in addition providing crucial information on the total valuation currently held by the industry. Moreover, this report will assist key management individuals in an organisation to enhance their decisions pertaining to business expansion as well as strategic changes for increasing customer base.