Cataract Surgery Devices Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Jun 2021
  • Pages: 120
  • SKU: IRTNTR70698
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 Cataract Surgery Devices Market - 2021-2025

The cataract surgery devices market size is expected to reach a value of USD 1.59 billion during 2021-2025 at a CAGR of 5.04%. This research study helps in a deep understanding of the underlying forces driving the market growth and current and potential target customers across segmentations. According to our comprehensive survey, factors such as increasing prevalence of cataracts and rise in the geriatric population are projected to significantly support market growth during the forecast period. View our sample report for insights on the latest trends and challenges that will have a far-reaching effect on the market growth.

Cataract Surgery Devices Market Size

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Cataract Surgery Devices Market Segments

Navigate through market segmentation by product (IOLs, phacoemulsification devices, OVDs, and femtosecond lasers) and geography (North America, Europe, Asia, and ROW) in this cataract surgery devices market report to pursue growth opportunities.

Get actionable insights on the cataract surgery devices market segments to generate successful ROIs and focus your business strategy efforts where they are most likely to be effective. Also, our market research experts have evaluated the impact of COVID-19 across market segments for our clients to understand the long-term business implications and foresee opportunities for subsequent recovery. Want a thorough qualitative and quantitative analysis on the post-pandemic cataract surgery devices market predictions on-demand changes for 2021-2025? You can buy the report now with one easy click.

Cataract Surgery Devices Market Vendors and Competitive Analysis

The cataract surgery devices market is fragmented and the vendors are deploying growth strategies such as developing novel technologies to gain a competitive advantage. Find out about other well-thought-out business planning approaches of key players from our sample report.

The unprecedented outbreak of COVID-19 last year impacted market segments that has had a ripple effect on various stakeholders. To make the most of the opportunities and recover from post COVID-19 impact, the market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Click here to get COVID-19 impact update.

Buy the full cataract surgery devices market forecast report for detailed insights on complete key vendor profiles. The profiles include information on the production, sustainability, prospects of the leading companies, and other crucial vendor landscape analysis.

Cataract Surgery Devices Market Vendors

Cataract Surgery Devices Market - Region Opportunities 2021-2025

42% of the cataract surgery devices market growth will originate from North America during the forecast period. The US is the key market for the cataract surgery devices market in North America. To unlock exclusive information on potential business locations and understand the demographics of current and prospective customers buy the report now!

Cataract Surgery Devices Market Share by Geography

North America has been exhibiting a significant growth rate for cataract surgery devices market vendors. Factors such as the increase in per capita expenditure on healthcare are accelerating the cataract surgery devices market growth in North America. To view our in-depth analytical review on the micro and macroeconomic factors impacting businesses in the regions click here.

To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

Cataract Surgery Devices Market Insights by Product

Cataract Surgery Devices Market Share by Product

To gain further insights on the market contribution of various segments Request for a FREE Sample!

The cataract surgery devices market share growth by the IOLs segment will be significant during the forecast period. The global IOLs market is growing steadily due to the increasing focus of vendors to manufacture innovative products with enhanced efficiency and safety. This report provides an accurate prediction of the contribution of all the segments to the growth of the cataract surgery devices market size.

From the cataract surgery devices market segmentation insights, players can achieve maximum market response by understanding the target consumers. The analytical data on the segmentation will allow vendors to position their services and products among the right audiences and gain significant exposure and growth. Also, get updated actionable market insights on post COVID19 impact on each segment.

Cataract Surgery Devices Market Drivers & Trends

While it is crucial to have a solid understanding of the drivers and trends, it is also imperative that the market challenges are recognized to improvize business planning and sustain market competition. One of the key factors impeding cataract surgery devices market growth is high cost of cataract surgeries and insufficient insurance coverage. Purchase our express report to get exhaustive insights on other industry trends, drivers, and challenges, which will help companies evaluate and develop growth strategies.

The increasing prevalence of cataract and the rise in the geriatric population is driving the cataract surgery devices market growth. Surgery is recommended for cataracts if it interferes with performing daily activities. The prevalence of cataracts is increasing globally and four out of ten people are likely to develop cataracts at some stage in life. The older adult population is growing rapidly worldwide due to the rise in average life expectancy. A cataract is common in the older adult population as proteins may accumulate near the lens of the eye, thereby affecting vision. Additionally, population aging is likely to influence patterns of health care spending in both developed and developing countries in the decades to come.

This cataract surgery devices market analysis report provides detailed information on key trends, drivers, and challenges that is the essence of business planning and strengthening marketing strategies across regions and segmentations.


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Cataract Surgery Devices Market Report Outlook

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive cataract surgery devices market growth during the next five years
  • Precise estimation of the cataract surgery devices market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the cataract surgery devices market across North America, Europe, Asia, and ROW
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of cataract surgery devices market vendors

Buy the Cataract Surgery Devices Market report now to reimage your business strategies!

 

Cataract Surgery Devices Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 5%

Market growth 2021-2025

$ 1.59 billion

Market structure

Fragmented

YoY growth (%)

4.80

Regional analysis

North America, Europe, Asia, and ROW

Performing market contribution

North America at 42%

Key consumer countries

US, Japan, China, Germany, and France

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Alcon Inc., Bausch Health Companies Inc., Carl Zeiss AG, HOYA Group, Johnson and Johnson Inc., NIDEK Co. Ltd., Oculentis GmbH, Rayner Intraocular Lenses Ltd., SIFI SPA, and Ziemer Ophthalmic Systems AG

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • IOLs - Market size and forecast 2020-2025
    • Phacoemulsification devices - Market size and forecast 2020-2025
    • OVDs - Market size and forecast 2020-2025
    • Femtosecond lasers - Market size and forecast 2020-2025
    • Market opportunity by Product

    Customer landscape

    • Overview

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • North America - Market size and forecast 2020-2025
    • Europe - Market size and forecast 2020-2025
    • Asia - Market size and forecast 2020-2025
    • ROW - Market size and forecast 2020-2025
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Overview
    • Vendor landscape
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • Alcon Inc.
    • Bausch Health Companies Inc.
    • Carl Zeiss AG
    • HOYA Group
    • Johnson and Johnson Inc.
    • NIDEK Co. Ltd.
    • Oculentis GmbH
    • Rayner Intraocular Lenses Ltd.
    • SIFI SPA
    • Ziemer Ophthalmic Systems AG

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
    Technavio

    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
    Technavio

    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
    Interested in this report?
    Get your FREE sample now!
    The cataract surgery devices market growth will increase by $1593.17 million during 2020-2025.
    The cataract surgery devices market is expected to grow at a CAGR of 5.04% during 2020-2025.
    Technavio has segmented the cataract surgery devices market by product (IOLs, Phacoemulsification devices, OVDs, and Femtosecond lasers) and geographic (North America, Europe, Asia, and ROW).
    Alcon Inc., Bausch Health Companies Inc., Carl Zeiss AG, HOYA Group, Johnson and Johnson Inc., NIDEK Co. Ltd., Oculentis GmbH, Rayner Intraocular Lenses Ltd., SIFI SPA, Ziemer Ophthalmic Systems AG are a few of the key vendors in the cataract surgery devices market.
    North America will register the highest growth rate of 41.99% among the other regions. Therefore, the cataract surgery devices market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
    The key factors driving the cataract surgery devices market growth are:
    • Increasing prevalence of cataract and rise in geriatric population
    • Increasing medical tourism for low-cost cataract surgery
    The cataract surgery devices market vendors should focus on grabbing business opportunities from the iols segment as it accounted for the largest market share in the base year.
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