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Market Research Future (MRFR) assessed the global cataract surgery devices market 2020 for the analysis period 2016-2022. As per MRFR study, the cataract surgery market is likely to rise at 5.5% CAGR by 2022. COVID 19 assessment for the cataract surgery market is detailed in the report. Modern technological advancements are observed to aiding the introduction of sophisticated eye surgical devices in the healthcare domain. This can benefit the growing cataract patient base, which, in turn, can support the expansion of cataract surgery market across the assessment period in the years ahead. Trauma, ageing, and long-time exposure to radiations are some causes that can induce cataract in an indivdual. The rise in frequency in which people get exposed to these causatives can significantly impact the cataract surgery market in the review period.

The availability of efficient and less-invasive procedure for cataract surgery can support the expansion of the cataract surgery market across the review period. In addition, the introduction of high-tech ophthalmic surgery devices can promote the cataract surgery device market through the analysis period in the study period. However, pending ingression of high-tech surgical solutions across under-developed regions can restrain the cataract surgery device market in the years to come.

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Competitive Analysis

Leading players in the global cataract surgery devices market include STAAR Surgical Company, NIDEK Co. Ltd., Bausch & Lomb Inc., Allergan Inc., Opcon Corporation, Essilor International SA, Carl Zeiss Meditech AG, Abbott Laboratories, and Alcon Inc.

The growing demand for robotic cataract surgery devices is likely to be a major driver for the global cataract surgery devices market over the forecast period. Robotic surgical tools have become all the rage in the medical devices industry over the last few years, as they can perform even the most delicate of operations with consummate ease. Their lack of human emotions makes them an inherently better tool for surgical processes than human surgeons, which has driven their demand in the medical devices industry.

Segmentation

The global cataract surgery devices market is segmented on the basis of device type, end user, and region.

·         By Device Type, the global cataract surgery devices market is segmented into intraocular lens, ophthalmic viscoelastic devices, phacoemulsification equipment, and femtosecond laser equipment. The intraocular lens segment held 79% of the global cataract surgery devices market in 2015 and is likely to remain the leading segment over the forecast period due to the high efficacy of intraocular lenses in correcting cataracts.

·         By End-user, the global cataract surgery devices market is segmented into ophthalmology centers, hospitals, clinics, and others. The ophthalmology centers and hospitals segments are likely to dominate the global cataract surgery devices market over the forecast period.

Regional Analysis

The penetration of disruptive technologies in the healthcare domain and escalation of healthcare expenditure in the North America region can promote the expansion of the cataract surgery device market in the region. In Europe, the cataract surgery device market can boom region as rise in cataract cases are observed. As per MRFR regional evaluation, the cataract surgery device market in North America can earn high revenue, followed by the market in EU. The expansion of geriatric population and increase in case of cataract patients among them in these regions can contribute significantly to the expansion of the global cataract surgery device market in the review period.

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The rise in awareness about latest and more effective cataract surgery devices can result in the rapid expansion of the cataract surgery device market across the analysis period. In MEA, lack of awareness as well expertise, and underdeveloped healthcare infrastructure can limit the cataract surgery device market in the region. However, the introduction of government policies to improve healthcare base of the region can support the expansion of the regional market in the review period.