Cataract Surgery Devices Market Size to reach a market size of $9 billion by 2023

Cataract Surgery Devices Market Overview:

Cataract Surgery Devices Market was priced at $7 billion in 2016, and is estimated to reach $9billion by 2023, developing at a CAGR of 4.3% during the forecast period of time.Cataract surgery devices are majorly used in surgical procedures which can be focused on treating cataract, an eye disorder which clouds the lens, and as a result, leads to flaws in vision. Cataract is among the most common disease problems which leads to blindness, reducing imagination 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 its early stages; nevertheless, it interferes with vision and leads blindness over the years. The symptoms of cataract are blurry vision, stress with bright lights, faded colors, and night blindness. Cataract surgery is the most common ophthalmic procedures; therefore, potential for the increase of cataract surgery devices is unprecedented.

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

Market Segmentation:

Based on 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 place for 2023 and is expected to witness a CAGR of 3.5% for the period of (2017 - 2023).

On the basis of product, the market place report segments the market into

Intraocular Lens (IOL), Ophthalmic Viscoelastic Device (OVD), Phacoemulsification Equipment: The Phacoemulsification Equipment market is predicted to witness a CAGR of 3.9% for the period of (2017 - 2023).

According to 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 till 2023, rising 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/