What is Cataract Surgery Devices Market?

 

Cataract SurgeryDevices Market By Product Type (Phacoemulsification Systems, Femtosecond Lasers, Intraocular Lenses, Ophthalmic Viscosurgical Devices, And Others), By End User (Hospitals And Specialty Clinics), and by geography is expected to grow at a steady CAGR forecast till 2026 owing to increasing prevalence of diabetes and growing geriatric population base resulting in rising prevalence of cataracts. 

Global Cataract Surgery Devices Market was valued at USD 7.34 billion in 2020, growing at a CAGR of 5.49% during the forecast period from 2021 to 2026 to reach USD 10.08 billion by 2026. The demand for cataract surgery devices is primarily being boosted by rising geriatric population base, growing prevalence of lifestyle disorders such as hypertension and diabetes, increasing prevalence of cataract and technical innovation in product development which are expected drive the product demand thereby contributing in the growth of the cataract surgery devices market during the forecast period from 2021-2026.