Global Cataract Surgery Devices Market: Overview
Cataract surgery refers to the process that assists in the removal of clouding of natural lens from the affected eye. An individual can be affected by cataract at birth or later due to physical or chemical injury. Cataract surgery devices find use in the treatment of cataract and these devices do not cause any damage to the cornea. This surgery comes with an excellent record of success and safety and is a low-risk procedure. The development of the global cataract surgery devices market can be ascribed to increased prevalence of incidences of cataract. In addition, rising geriatric population who are more inclined toward contacting various ophthalmologic diseases particularly cataracts.
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According to World Health Organization (WHO), a large chunk of the cases of blindness is caused by cataract. Subcapsular cataracts, cortical cataracts, and nuclear cataracts are the three different types of cataracts. One of the most common ocular disorder, cataract has very high prevalence in the developed countries due to the presence of a large base of geriatric population. This factor is likely to support developments in the global cataract surgery devices market in the years to come.
Product type, application, and region are important factors in the market that has been considered for the classification of the global cataract surgery devices market.
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Global Cataract Surgery Devices Market: Notable Developments
Entry of many new firms in the market is likely to make the competition tougher for all the players in the global cataract surgery devices market in the years to come. Expansion in the base of geriatric population who are prone to ocular diseases is driving market players to come up with innovative and low-risk devices. In addition, established players to maintain their positions are adopting strategies like acquisitions and mergers.
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Global Cataract Surgery Devices Market: Key Trends
The factors that are expected to offer a glimpse into the nature of the global cataract surgery devices market are mentioned below
Demand to Rise on the Increasing Cases of Cataract Worldwide to Boost Market Growth
Earlier, cataract surgery was a major process that required several days of stay at hospitals. With the continuous development of technology in devices of cataract surgery and the process itself, these surgeries are done as an outpatient procedure. Coming up of advanced surgical techniques along with innovative devices have led to better outcome in patients. Advanced procedures, such as laser-assisted cataract surgery, customized intraocular lenses, small incision cataract surgery, and phacoemulsification create accurate, precise, and bladeless incisions. Such advancements in the instruments and techniques of cataract surgery are likely to foster growth of the global cataract surgery devices market over the assessment timeline, from 2024 to 2030.
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There has been augmented access to cataract surgery in the developing parts of the world, which is likely to play an important role in the expansion of the global cataract surgery devices market. Manufacturers of cataract surgery devices are taking steps to better and expand access to cataract surgery in developing parts of the world. Besides, increased awareness about the tools of cataract surgery amongst ophthalmologists and healthcare professionals are likely to benefit growth of the global cataract surgery devices market over the analysis timeline, from 2024 to 2030.
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Global Cataract Surgery Devices Market: Geographical Analysis
North America is estimated to emerge as one of the high revenue generating region in the global cataract surgery devices market. Presence of advanced healthcare infrastructure along with government programs encouraging people to go for tests and treatments in the region is likely to propel expansion of the regional market. In addition, presence of several leading market players in the region is likely to add to the add to the growth of the cataract surgery devices market in North America.
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