Cataract Surgery Devices Market Size to reach a market size of billion by 202

Posted by Harleen Kaur on April 5th, 2018

Cataract Surgery Devices Market Overview:

Cataract Surgery Devices Market was priced at billion in 2016, and is predicted to attain billion by 2023, increasing at a CAGR of 4.3% during the forecast period. Cataract surgery devices are majorly used in surgical procedures that are focused on treating cataract, an eye disorder which clouds the lens, and, leads to problems in vision. Cataract is one among the most common disease problems which leads to blindness, reducing vision ability. Cataract is known to develop slowly as well as affects either one or both the eyes. Cataract does not directly interfere with the eyesight in it is early stages; nevertheless, it interferes with vision and also leads blindness over the years. The signs and symptoms of cataract are blurry imagination, stress with bright lights, faded colors, and night blindness. Cataract surgery is one of the common ophthalmic procedures; therefore, potential for the development of cataract surgery devices is unprecedented.

Increase in incidences of diseases such as diabetes, obesity, hypertension and development in geriatric population contributes to the development of the market. Lack of skilled professionals is a major cause that would limit the market place growth while the forecast period of time. Considering the case, the governments and also non-profit companies all around the world are launching programs to reduce the burden of cataract-related diseases, which would offer tremendous opportunities for key market players.

Market Segmentation:

On the basis of Type, the market report segments the market into Equipment

Consumables: The Consumables market dominated the Global Cataract Surgery Devices Market by Type in 2016 and would continue to be a dominant market till 2023 which is anticipated to witness a CAGR of 3.5% while (2017 - 2023).

Based on product, the market report segments the market into

Intraocular Lens (IOL), Ophthalmic Viscoelastic Device (OVD), Phacoemulsification Equipment: The Phacoemulsification Equipment market seems to witness a CAGR of 3.9% while (2017 - 2023).

Based on End User, the market report segments the market into

Hospitals: The Hospitals market dominated the Global Cataract Surgery Devices Market by End User in 2016 and would continue to be a dominant market place for 2023, growing at a CAGR of 3.4 % during the forecast time period. Ophthalmology Clinics, Ambulatory Surgery Centers.

On the basis of Regions, the Global Cataract Surgery Devices market segments the market into

North America (U.S, Canada, Mexico, Rest of North America), Europe (Germany, UK, France, Russia, Spain, Italy, Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Singapore, Malaysia, Rest of Asia Pacific), Latin America, Middle East and Africa (Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, Rest of LAMEA).

Full Report: https://kbvresearch.com/cataract-surgery-devices-market/