Cataract Surgery Devices Market was Valued at US$ 7,521.4 Mn in 2018

Posted by venkatakiran on September 26th, 2019

Analyst Speak:

“The Global Cataract Surgery Devices Market was valued at US$ 7,521.4 Mn in 2018 and is expected to grow at a significant CAGR over six years forecast period 2019-2025 owing to increasing prevalence and incidence of cataract diseases coupled with advancements in technology in ophthalmic devices”

Precision Business Insights (PBI) in its report titled “Global Cataract Surgery Devices Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2018 and Forecast 2019-2025” assesses the market performance over six years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.

The global cataract surgery devices market was valued at US$ 7,521.4 Mn in 2018 and growing at a CAGR of 4.6% over the forecast period owing to increasing elderly population across the globe and rising prevalence of ocular diseases and economic growth in emerging countries are expected to support the growth of the market. Moreover, increasing prevalence of obesity and diabetes which increases the risk of vision loss and other eye disorders fuels the growth of the market. However, lack of insurance among the individuals regarding the benefits of the cataract surgery and lack of health insurance policies are anticipated to restrain the growth of the market over the forecast years.

Global cataract surgery devices market segmented on the basis of product and end user.

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