DUBLIN--(BUSINESS WIRE)--The "Cataract Surgery Devices Market by Product - Global Opportunity Analysis and Industry Forecast, 2017-2023" report has been added to ResearchAndMarkets.com's offering.
The global cataract surgery devices market was valued at $7,025 million in 2016, and is expected to reach at $9,587 million by 2023, registering a CAGR of 4.3% from 2017 to 2023.
Cataract is a condition in which clouding of the lens occurs resulting in decreased vision. Cataract surgery is the removal of clouded natural lens, and involves implantation of artificial or intraocular lens. The medical devices such as intraocular lens, phacoemulsification systems, forceps, and balanced salt solution, which aid in cataract surgical procedure are called cataract surgery devices.
The cataract surgery devices are used for the treatment of cataract, without causing any damage to the cornea. Cataract surgery is a low-risk procedure with an excellent record of safety and success. If the disease is detected at an earlier stage, surgery becomes important or else cataract will grow and lead to loss of vision. There is an increased adoption of surgical procedures for treating cataract due to availability of advanced products such as intraocular lenses (IOLs) and ophthalmic viscoelastic devices, which include cohesive ophthalmic viscoelastic devices and dispersive ophthalmic viscoelastic devices.
Increase in geriatric population and advancements in technology in the healthcare industry drive the market. However, poor primary healthcare infrastructure and high cost incurred for cataract surgeries especially in developing economies impede the market growth. Moreover, initiatives taken by the government and many nonprofit organizations generate awareness among individuals regarding the benefits of cataract surgeries. Therefore, this creates more lucrative opportunities for many key market players.
Key Topics Covered:
Chapter 1 Introduction
Chapter 2 Executive Summary
Chapter 3 Market Overview
Chapter 4 Cataract Surgery Devices, By Product
Chapter 5 Cataract Surgery Devices Market, By Type
Chapter 6 Cataract Surgery Devices Market, By Type Of Surgery
Chapter 7 Cataract Surgery Devices Market, By End User
Chapter 8 Cataract Surgery Devices Market, By Geography
Chapter 9 Company Profiles
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