Cataract Surgery Devices MarketSize and Trends

Cataract surgery is the most commonly performed ophthalmic procedure and thus holds a great potential for the growth of cataract surgery devices market.

Cataract encountered to be the major cause of blindness across the globe facilitating the demand for cataract surgery devices

Increasing cataract surgeries are fueling the growth of global cataract surgery devices market.

Substantial number of cataract surgeries are dominating the North America global cataract surgery devices market

Moreover, the global cataract surgery devices market is expected to flourish in the Asia Pacific due to cost cutting facility of the procedure as well as increasing incidence of cataract.

For instance, the manual and suture less Small-Incision Cataract Surgery (SICS) is preferred in emerging economies such as China and India, where the cost of the surgical procedures are low as compared to other procedures.

Increasing incidence and prevalence of ocular diseases to propel the growth of global cataract surgery devices market

Increasing prevalence of the ocular disorders is the major driver for the growth of global cataract surgery devices market. This disease is prevalent worldwide and is the major cause of blindness across the globe.

According to All About Vision Media, A National Supporter and Sponsor of Optometry Giving Sight, cataract is the principle cause of blindness across the world affecting almost 22 million Americans aged 40 and above and the number is expected to rise up to 30 million by the end of 2020.

Several other factors responsible for the growth of global cataract devices market include smoking habits, alcohol consumption, ageing, trauma or harmful radiation exposure such as ultraviolet rays and diabetes.

However, the lack of awareness among people regarding the availability of medical aid and government regulation in a few economies restricting surgical procedures can hinder the growth of global cataract surgery devices market.