PUPIL EXPANDERS MARKET ANALYSIS

Regional Analysis

Pupil Expanders Market - Regional Insights

On the basis of region the pupil expanders market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East and Africa. North America accounted for the highest market share in pupil expanders market in 2018, owing to increasing number of cataract surgeries in the region. According to the American Academy of Ophthalmology, in 2014, around 2 million cataract surgery procedures were performed in the U.S., out of which 21% of the patients reported improved quality of vision in one eye, while 36% patients reported improvement in vision quality of both the eyes after the cataract surgery. Asia Pacific is expected to be a lucrative market for growth of the global pupil expanders market owing to rising healthcare expenditure, high prevalence of eye diseases and increasing initiatives of regional governments in preventing blindness and cataract among the population. For instance, according to data published by the Indian Journal of Ophthalmology in 2018, cataract was responsible for 50–80% of bilateral blindness in India. Moreover, according to the Organization of Economic Co-operation and Development, Health Statistics report of 2018, the healthcare spending in Asia Pacific between 2010 and 2015 was around 5.3% per year. Furthermore, emerging economies such as China, India, and Japan are expected to witness significant growth in the market owing to increasing investments by manufacturers in the region. Such factors are expected to propel growth of the global pupil expanders market.