Valuation of Eye Care Surgical Devices Market Estimated at US$ 10.7 Bn by 2031, TMR Report
07 Jun 2022
Technological advancements in ophthalmology at the forefront among other medical streams leading to remarkable progress in clinical technologies used by ophthalmologists underscores growth in eye care surgical devices market
Advancements in cataract surgery equipment have led to improved safety and effectiveness of common procedures
ALBANY, N.Y., June 7, 2022 /PRNewswire/ -- TMR study for eye care surgical devices market projections estimates the said market to peg a CAGR of 5.5% for the forecast period from 2022 to 2031. Demand for eye care surgical devices has been rising significantly due to increase in incidence of ophthalmic disorders such as cataract, glaucoma, and other vision-related disorders that are leading causes of blindness and visual impairment. Eye care surgical devices range include both non-invasive and invasive diagnostic devices and instruments such as contact lenses, glaucoma stents, and intraocular lenses.
Eye care surgical devices market outlook is promising with the availability of technologically advanced cataract surgery equipment resulting in improved clinical outcomes. Emerging trend of advancements in cataract surgery equipment has led to improved safety and effectiveness of common procedures.
In general, for clinical purposes, ophthalmology and its subspecialties are at the forefront embracing rapid technological advancements. For example, apodization has resulted in intraocular lens technology to progress from refractive to diffractive to result in fewer and less severe visual side effects.
Request Brochure of Eye Care Surgical Devices Market Research Report – https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=49896
Eye Care Surgical Devices Market – Key Findings of the Report
World over, large populations with mild or serious distance vision condition or blindness due to unaddressed refractive error, glaucoma, cataracts, corneal opacities, corneal opacities, diabetic retinopathy, and trachoma as well as near vision condition caused by unaddressed presbyopia stokes demand for eye care surgical devices
Substantial occurrence of cataract in the expanding geriatric population in developing countries is projected to augment the demand for corrective surgeries. For example, in India, around 82% individuals between 75 and 83 years are affected by cataract compared to only 46% population in the same age group in the U.S.
Implants and stents product type segment held significant share of eye care surgical devices market in 2021. Implants and stents comprise intraocular lenses, glaucoma drainage implants, bionic eyes, and glaucoma stents that witness substantial demand. Launch of cataract awareness programs by various governments and private organizations is anticipated to fuel demand for implants & stents product segment. Furthermore, launch of new eye care implants and stents by key players for cataract surgery and glaucoma strengthens revenue share of implants & stents product segment.
By application, cataract surgery held a significant share of eye care surgical devices market in 2021. Increasing number of cataract surgeries is receiving attention of product manufacturers for new product launches. According to published data, approximately 60,000 cataract procedures are performed each day across the world.
Hospitals end user is anticipated to hold substantial share of eye care surgical devices market during the forecast period. This is because hospitals are primary settings for eye care surgical devices, and have licenses for use of surgical devices to carry out invasive procedures.
Growing popularity of medical tourism and charity organizations in developing countries provides stimulus to hospital segment of eye care surgical devices market. For example, Aravind Eye Care System – a leading provider of ophthalmological services in the world performs approximately 350, 000 eye surgeries each year, of which 60% are performed at low or no cost.
North America is a key region in the eye care surgical devices market due to a large patient pool with refractive errors and other eye-related disorders.
Request for Analysis of COVID-19 Impact on Eye Care Surgical Devices Market – https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=49896
Eye Care Surgical Devices Market – Growth Drivers
Demand for eye care surgical devices to diagnose, perform surgery, and correct vision for the increasing prevalence of various ophthalmic disorders such as cataract and glaucoma fuels the growth of eye care surgical devices market
Large populations with near or distance impairment that needs treatment due to underlying eye conditions stokes demand for eye care surgical devices
Get Exclusive PDF Sample Copy of Eye Care Surgical Devices Market Report – https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=49896
Eye Care Surgical Devices Market – Key Players
Some of the key players operating in the eye care surgical devices market are;
Alcon
Make an Enquiry Before Buying – https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=49896
The eye care surgical devices market is segmented as follows;
Eye Care Surgical Devices Market, by Product Type
Implants & Stents
Viscoelastics
Laser Surgery Devices
Phacoemulsification Equipment
Others
Eye Care Surgical Devices Market, by End-user
Hospitals
Eye Care Surgical Devices Market, by Application
Glaucoma SurgeryGlaucoma Surgery
Diabetic Eye Surgery
Others
Eye Care Surgical Devices Market, by Region
North America
Europe
Latin America
Middle East & Africa
Modernization of healthcare in terms of both infrastructure and services have pushed the healthcare industry to new heights, Stay Updated with Latest Healthcare Industry Research Reports by Transparency Market Research:
Ophthalmic Surgical Devices and Therapeutics Market: Increase in prevalence and incidence rates of eye-related disorders, high unmet needs in patients with ocular diseases, increased geriatric population, and raised awareness about eye diseases in developing countries are expected to boost the ophthalmic surgical devices and therapeutics market during the forecast period.
Vascular Stents Market: Rise in prevalence of cardiovascular diseases and increase in demand for minimally invasive surgeries are anticipated to drive the global vascular stents market from 2019 to 2027. The global vascular stents market is responding positively to new and innovative coronary stents, with increasing uptake of technologically advanced coronary stents.
Dry Eye Disease Market: The growing prevalence of these diseases has urged many researchers and developers to discover good treatment options, which has eventually accelerated the growth prospects of the dry eye disease market.
Dry Eye Disease Diagnostic Devices Market: Surge in the geriatric population and rise in prevalence & incidence rates of dry eye disease in the U.S. are projected to drive the dry eye disease diagnostic devices market.
Dry Eye Disease Treatment Market: Rise in reported cases of dry eye disease, increase in the number of surgical procedures such as LASIK surgery, adverse effects of rising pollution levels, advances in treatment of dry eye, and introduction of new therapies are projected to drive the global dry eye disease treatment market.
About Us
Transparency Market Research is a global market intelligence company providing market research reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
For More Research Insights on Leading Industries, Visit Our YouTube Channel and hit subscribe for Future Update - https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ
Contact Us:
Rohit Bhisey
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: http://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: [email protected]
SOURCE Transparency Market Research
For more details,please visit the original website
The content of the article does not represent any opinions of Synapse and its affiliated companies. If there is any copyright infringement or error, please contact us, and we will deal with it within 24 hours.
Organizations
Indications
Targets
-Drugs
-Hot reports
Get started for free today!
Accelerate Strategic R&D decision making with Synapse, PatSnap’s AI-powered Connected Innovation Intelligence Platform Built for Life Sciences Professionals.
Start your data trial now!
Synapse data is also accessible to external entities via APIs or data packages. Leverages most recent intelligence information, enabling fullest potential.