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Global Cataract Surgery Devices And Equipment Market Report 2022

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    Report

  • 175 Pages
  • May 2022
  • Region: Global
  • The Business Research Company
  • ID: 5589705

The global cataract surgery devices and equipment market is expected to grow from $5.95 billion in 2021 to $6.58 billion in 2022 at a compound annual growth rate (CAGR) of 10.6%. The market is expected to grow to $9.13 billion in 2026 at a compound annual growth rate (CAGR) of 8.5%.



The cataract surgery devices and equipment market consist of sales of cataract surgery devices and equipment and related services. Cataract surgery devices and equipment include instruments used for performing cataract surgeries such as small incision cataract surgery and extracapsular surgery in the treatment of cataracts, a condition in which the lens of the eye becomes progressively opaque, resulting in blurred vision.

The main types of cataract surgery devices and equipment are intraocular lens (IOL), ophthalmic viscoelastic device (OVD), phacoemulsification equipment, and femtosecond laser equipment. An ophthalmic viscoelastic device (OVD) is used for performing cataract surgeries. The cataract surgery devices and equipment are used for various surgery types such as extracapsular cataract extraction, phacoemulsification, femtosecond laser, and others. These are used by end-users such as ophthalmology centers, hospitals, and clinics.

North America was the largest region in the cataract surgery devices and equipment market in 2021. Asia Pacific was the second-largest region in cataract surgery devices and equipment market. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The major growth driver for this industry has been the global aging population. In 2019, there were 703 million persons aged 65 years or over in the global population. This number is projected to double to 1.5 billion in 2050. The cases of cataracts in the geriatric population are also expected to increase in the same proportion. According to World Health Organization, the number of cataract cases is expected to increase by 78% by 2050 in the U.S. alone. This presents a huge market for cataract surgery equipment manufacturers shortly by expanding the customer base due to the fast-growing geriatric population. For instance, the population of China is getting older faster than anywhere else in the world, this presents a huge market for the cataract surgery device manufacturers in China.

The major challenge that is faced by this industry is the low level of awareness about eye disorders, especially cataracts. Many people do not have proper knowledge about the symptoms of cataracts and do not get the treatment done. This leads to potential revenue loss for the cataract surgery device manufacturers because of the low number of end-users. For example, as per a study done by NCBI, out of 1552 respondents, 89.9% had heard of cataracts but only 42% were aware of any symptom of cataracts, low awareness of cataract symptoms acts as a major restraint for the cataract surgery equipment industry.

The cataract surgery devices and equipment industry has witnessed many positive changes introduced by the market players, the most prominent one being the introduction of laser technology. Laser-assisted cataract surgery is used to gather information about the lens, to make the corneal incision, and for the opening in the lens capsule. The advent of laser technology has caused a significant impact on this industry by bringing in new levels of safety and accuracy and advancing cataract surgery. Femtosecond laser platforms have significantly contributed to the precision of cataract surgeries being performed and may soon surpass the traditional hand-held surgeries. For example, Abbott laboratories which lacked this technology, acquired Optimedica for $250 million to enter the laser cataract surgery devices market after witnessing the huge demand and benefits of laser technology.

The ophthalmology and medical equipment industry are subject to numerous stringent regulations and the cataract surgery device equipment manufacturers are no exception. These manufacturers need to comply with several regulations of which the European Medical Device Directives and the U.S. Health Care Compliance is the most prominent one. The European Medical Device Directive requires a manufacturer to meet the harmonized standards for placing their devices in the European market. Similarly the U.S. Health Care Compliance has laid down certain guidelines related to standards of business conduct to be followed by the Pharmaceutical manufacturers. The Medicines and Healthcare products Regulatory Agency (MHRA), which regulates the safety of medical devices in the UK, has issued an urgent notice to Carl Zeiss Meditec, for voluntarily recalling a small batch of its intraocular lenses (IOL). The recall was initiated after the manufacturer detected mislabelling of its IOL, Aaren Scientific EC-3 hydrophobic lens with the wrong dioptric power. Therefore, the manufacturers need to comply strictly with the correct labeling of dioptric power on the IOLs.

In March 2019, Alcon, a company manufacturing cataract surgery devices acquired PowerVision for a deal amount of $285 million. This acquisition, will implement the growth of the advanced technologies of intraocular lenses and also help the patients with their needs regarding cataract surgery. Power vision, a US-based company, is a medical device company operating in cataract surgical devices.

The countries covered in the cataract surgery devices and equipment market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, and Australia.

Major players in the cataract surgery devices and equipment market are Alcon Inc., Abbott Laboratories, Carl Zeiss Meditech AG, Essilor International S.A., Opcon Corporation, Allergan, Inc., Bausch & Lomb, Inc., NIDEK Co. Ltd., STAAR Surgical Company, and Johnson & Johnson.



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Frequently Asked Questions about the Global Cataract Surgery Devices and Equipment Market

What is the estimated value of the Global Cataract Surgery Devices and Equipment Market?

The Global Cataract Surgery Devices and Equipment Market was estimated to be valued at $6.58 billion in 2022.

What is the growth rate of the Global Cataract Surgery Devices and Equipment Market?

The growth rate of the Global Cataract Surgery Devices and Equipment Market is 8.5%, with an estimated value of $9.13 billion by 2026.

What is the forecasted size of the Global Cataract Surgery Devices and Equipment Market?

The Global Cataract Surgery Devices and Equipment Market is estimated to be worth $9.13 billion by 2026.

Who are the key companies in the Global Cataract Surgery Devices and Equipment Market?

Key companies in the Global Cataract Surgery Devices and Equipment Market include Alcon Inc., Abbott Laboratories, Carl Zeiss Meditech AG, Essilor International S.A., Opcon Corporation, Allergan Inc., Bausch & Lomb Inc., NIDEK Co. Ltd., STAAR Surgical Company and Johnson & Johnson.

Table of Contents

1. Executive Summary2. Cataract Surgery Devices And Equipment Market Characteristics3. Cataract Surgery Devices And Equipment Market Trends And Strategies4. Impact Of COVID-19 On Cataract Surgery Devices And Equipment
5. Cataract Surgery Devices And Equipment Market Size And Growth
5.1. Global Cataract Surgery Devices And Equipment Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Cataract Surgery Devices And Equipment Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Cataract Surgery Devices And Equipment Market Segmentation
6.1. Global Cataract Surgery Devices And Equipment Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Intraocular Lens (IOL)
  • Ophthalmic viscoelastic device (OVD)
  • Phacoemulsification Equipment
  • Femtosecond Laser Equipment
6.2. Global Cataract Surgery Devices And Equipment Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Ophthalmology Centers
  • Hospitals
  • Clinics
6.3. Global Cataract Surgery Devices And Equipment Market, Segmentation By Surgery Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Extracapsular Cataract Extraction
  • Phacoemulsification
  • Femtosecond Laser
  • Other Surgery Types

7. Cataract Surgery Devices And Equipment Market Regional And Country Analysis
7.1. Global Cataract Surgery Devices And Equipment Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Cataract Surgery Devices And Equipment Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8. Asia-Pacific Cataract Surgery Devices And Equipment Market
8.1. Asia-Pacific Cataract Surgery Devices And Equipment Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Cataract Surgery Devices And Equipment Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8.3. Asia-Pacific Cataract Surgery Devices And Equipment Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
9. China Cataract Surgery Devices And Equipment Market
9.1. China Cataract Surgery Devices And Equipment Market Overview
9.2. China Cataract Surgery Devices And Equipment Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
9.3. China Cataract Surgery Devices And Equipment Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
10. India Cataract Surgery Devices And Equipment Market
10.1. India Cataract Surgery Devices And Equipment Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
10.2. India Cataract Surgery Devices And Equipment Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11. Japan Cataract Surgery Devices And Equipment Market
11.1. Japan Cataract Surgery Devices And Equipment Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11.2. Japan Cataract Surgery Devices And Equipment Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12. Australia Cataract Surgery Devices And Equipment Market
12.1. Australia Cataract Surgery Devices And Equipment Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12.2. Australia Cataract Surgery Devices And Equipment Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13. Indonesia Cataract Surgery Devices And Equipment Market
13.1. Indonesia Cataract Surgery Devices And Equipment Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13.2. Indonesia Cataract Surgery Devices And Equipment Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14. South Korea Cataract Surgery Devices And Equipment Market
14.1. South Korea Cataract Surgery Devices And Equipment Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14.2. South Korea Cataract Surgery Devices And Equipment Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15. Western Europe Cataract Surgery Devices And Equipment Market
15.1. Western Europe Cataract Surgery Devices And Equipment Market Overview
15.2. Western Europe Cataract Surgery Devices And Equipment Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15.3. Western Europe Cataract Surgery Devices And Equipment Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16. UK Cataract Surgery Devices And Equipment Market
16.1. UK Cataract Surgery Devices And Equipment Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16.2. UK Cataract Surgery Devices And Equipment Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17. Germany Cataract Surgery Devices And Equipment Market
17.1. Germany Cataract Surgery Devices And Equipment Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17.2. Germany Cataract Surgery Devices And Equipment Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18. France Cataract Surgery Devices And Equipment Market
18.4. France Cataract Surgery Devices And Equipment Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18.5. France Cataract Surgery Devices And Equipment Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19. Eastern Europe Cataract Surgery Devices And Equipment Market
19.1. Eastern Europe Cataract Surgery Devices And Equipment Market Overview
19.2. Eastern Europe Cataract Surgery Devices And Equipment Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19.3. Eastern Europe Cataract Surgery Devices And Equipment Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20. Russia Cataract Surgery Devices And Equipment Market
20.1. Russia Cataract Surgery Devices And Equipment Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20.2. Russia Cataract Surgery Devices And Equipment Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21. North America Cataract Surgery Devices And Equipment Market
21.1. North America Cataract Surgery Devices And Equipment Market Overview
21.2. North America Cataract Surgery Devices And Equipment Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21.3. North America Cataract Surgery Devices And Equipment Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22. USA Cataract Surgery Devices And Equipment Market
22.1. USA Cataract Surgery Devices And Equipment Market Overview
22.2. USA Cataract Surgery Devices And Equipment Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22.3. USA Cataract Surgery Devices And Equipment Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23. South America Cataract Surgery Devices And Equipment Market
23.1. South America Cataract Surgery Devices And Equipment Market Overview
23.2. South America Cataract Surgery Devices And Equipment Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23.3. South America Cataract Surgery Devices And Equipment Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24. Brazil Cataract Surgery Devices And Equipment Market
24.1. Brazil Cataract Surgery Devices And Equipment Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24.2. Brazil Cataract Surgery Devices And Equipment Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25. Middle East Cataract Surgery Devices And Equipment Market
25.1. Middle East Cataract Surgery Devices And Equipment Market Overview
25.2. Middle East Cataract Surgery Devices And Equipment Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25.3. Middle East Cataract Surgery Devices And Equipment Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26. Africa Cataract Surgery Devices And Equipment Market
26.1. Africa Cataract Surgery Devices And Equipment Market Overview
26.2. Africa Cataract Surgery Devices And Equipment Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26.3. Africa Cataract Surgery Devices And Equipment Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
27. Cataract Surgery Devices And Equipment Market Competitive Landscape And Company Profiles
27.1. Cataract Surgery Devices And Equipment Market Competitive Landscape
27.2. Cataract Surgery Devices And Equipment Market Company Profiles
27.2.1. Alcon, Inc.
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Abbott Laboratories
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Carl Zeiss Meditech AG
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Essilor International S.A.
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Opcon Corporation
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Cataract Surgery Devices And Equipment Market29. Cataract Surgery Devices And Equipment Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Research Inquiries
30.4. About the Publisher
30.5. Copyright and Disclaimer

Executive Summary

The Cataract Surgery Devices And Equipment Global Market Report 2022 provides strategists, marketers and senior management with the critical information they need to assess the global cataract surgery devices and equipment market as it emerges from the COVID-19 shut down. 

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates
  • Create regional and country strategies on the basis of local data and analysis
  • Identify growth segments for investment
  • Outperform competitors using forecast data and the drivers and trends shaping the market
  • Understand customers based on the latest market research findings
  • Benchmark performance against key competitors
  • Utilize the relationships between key data sets for superior strategizing
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Description:

Where is the largest and fastest growing market for the cataract surgery devices and equipment? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Cataract Surgery Devices And Equipment Market Global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

  • The Market Characteristics section of the report defines and explains the market
  • The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID-19 virus and forecasting its recovery
  • Market segmentations break down market into sub markets
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers

Scope

Markets Covered:

1) By Type: Intraocular Lens (IOL); Ophthalmic viscoelastic device (OVD); Phacoemulsification Equipment; Femtosecond Laser Equipment
2) By Application: Ophthalmology Centers; Hospitals; Clinics
3) By Surgery Type: Extracapsular Cataract Extraction; Phacoemulsification; Femtosecond Laser; Other Surgery Types

Companies Mentioned: Alcon; Abbott Laboratories; Carl Zeiss Meditech AG; Essilor International S.A.; Opcon Corporation

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Alcon Inc.
  • Abbott Laboratories
  • Carl Zeiss Meditech AG
  • Essilor International S.A.
  • Opcon Corporation
  • Allergan Inc.
  • Bausch & Lomb Inc.
  • NIDEK Co. Ltd.
  • STAAR Surgical Company
  • Johnson & Johnson
  • Novartis AG
  • Valeant Pharmaceuticals
  • HOYA Corporation
  • HAAG-Streit Holding AG
  • Topcon Corporation
  • Ziemer Ophthalmic Systems AG
  • HumanOptics AG
  • PhysIOL S.A
  • Calhoun Vision Cente
  • EyeKon Medical inc.
  • VisionCare Ophthalmic Technologies Inc.
  • Sonomed Escalon.
  • Lenstec Inc.
  • Glaukos Corporation
  • ELLEX

Methodology

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