The global cataract surgical devices market size stood at USD 6.56 billion in 2018 and is projected to reach USD 9.98 billion by 2026, exhibiting a CAGR of 5.4% during the forecast period.
The Cataract Surgical Devices Market report contains detailed information on factors influencing demand, growth, opportunities, challenges, and restraints. It provides detailed information about the structure and prospects for global and regional industries. In addition, the report includes data on research & development, new product launches, product responses from the global and local markets by leading players. The structured analysis offers a graphical representation and a diagrammatic breakdown of the The Cataract Surgical Devices Market by region.
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The rising prevalence of cataract is significantly anticipated to boost the cataract surgical equipment’s market growth over the forecast period. For instance, according to a study published in the International Journal of Advanced Medical and Health Research in 2015, cataract is responsible for blindness in an estimated 17.6 million people across the globe. The higher prevalence of cataract is generating significant opportunity for the growth of the cataract surgeries, which will eventually augment the growth of the market over the foreseen years. Additionally, the increasing accessibility of cataract surgeries due to higher awareness of the disorder and developing healthcare infrastructure in emerging nations are projected to fuel the cataract surgical devices market value during the forecast period.
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Pre-Post COVID-19 Impact on Global Cataract Surgical Devices Market
COVID-19 is an infectious disease caused by the most recently discovered novel corona virus. Largely unknown before the outbreak began in Wuhan (China) in December 2019, COVID-19 has moved from a regional crisis to a global pandemic in just a matter of a few weeks.
In addition, production and supply chain delays were also witnessed during the second quarter which poised a challenge to the Cataract Surgical Devices Market, since end-user industries were still not operating at their full capacity.
Who are the Major Cataract Surgical Devices Market Vendors?
- Alcon (Part of Novartis AG)
- Johnson and Johnson Services, Inc.
- ZEISS International
- Bausch & Lomb Incorporated
- STAAR SURGICAL
- Hoya Corporation
- Oertli Instrumente AG
- Rayner Intraocular Lenses Limited
- SIFI S.p.A
- Other Prominent Players
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This research study made extensive use of secondary sources, directories, and databases such as Hoover’s, Bloomberg BusinessWeek, Factiva, and OneSource to identify and collect information useful for a technical, market-oriented, and commercial study of the global market. Other secondary sources included company annual reports, press releases, and investor presentations, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.
Various sources from both the supply and demand sides were interviewed during the primary research process to obtain qualitative and quantitative information for this report. Primary sources included industry experts from the core and related industries, as well as preferred suppliers, manufacturers, distributors, technology developers, researchers, and organizations from all segments of the value chain of this industry. To obtain and verify critical qualitative and quantitative information, in-depth interviews were conducted with a variety of primary respondents, including key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants.
Estimation of Market Size
The total size of the Cataract Surgical Devices Market was estimated and validated using both top-down and bottom-up approaches. These methods were also widely used to estimate the size of various market sub segments. The following research methodologies were used to estimate market size:
Extensive secondary research was used to identify the industry’s key players.
The revenues generated by the market’s leading players in molecular diagnostics have been determined through primary and secondary research.
All percentage shares, splits, and breakdowns were calculated using secondary sources and confirmed using primary sources.
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|North America||United States, Canada and Mexico|
|Europe||Germany, UK, France, Italy, Russia and Turkey etc.|
|Asia-Pacific||China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam etc.|
|South America||Brazil, Argentina, Columbia etc.|
|Middle East & Africa||Saudi Arabia, UAE, Egypt, Nigeria and South Africa|
- How big is the Cataract Surgical Devices Market?
- What is Cataract Surgical Devices Market?
- Who is the market leader in Cataract Surgical Devices Market?
- Who are the major players in Cataract Surgical Devices Market?
- What is the future of Cataract Surgical Devices Market?
- What are the fastest growing industries?
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