Cataract Surgery Treatments Market Report 2024 (Global Edition)

Global Cataract Surgery Treatments Market Report 2024 Market Size Split by Application Outlook: (Posterior Sub-Capsular Cataracts, Cortical Cataracts, Nuclear Sclerotic Cataracts, Congenital Cataracts...

Cataract Surgery Treatments Market Report Description

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Cataract Surgery Treatments Market Insights Video

Competitive Landscape of the Cataract Surgery Treatment Market

In the Cataract Surgery Treatment market's competitive landscape, numerous key competitors are driving innovation and growth. These companies are focused on developing innovative technologies and expanding their product portfolios to cater to the growing demand for advanced cataract treatments. Some of the major players in the market include Alcon, Johnson & Johnson, Zeiss, Bausch + Lomb, and Abbott Medical Optics. These companies are investing heavily in research and development to introduce new and improved surgical devices and intraocular lenses (IOLs). Additionally, they are expanding their geographic presence through strategic partnerships and acquisitions to reach a wider patient population.

In July 2021, A phacoemulsification (phaco) system for cataract surgeries was introduced by Johnson & Johnson (J&J) Vision Worldwide and made accessible in several nations. When the eye gets hazy due to cataracts, this technique enables doctors to blend and remove the internal lens with greater efficiency and comfort during surgery. (Source: https://www.jjvision.com/press-release/johnson-johnson-vision-introduces-veritas-vision-system-withfeatures-address-key) In January 2021, AcrySof IQ Vivity, the only non-diffractive extended depth of focus intraocular lens (IOL) available in the United States, was introduced by Alcon, a global leader in eye care. Since cataracts are the most frequent cause of vision loss in the world, it is available to all patients having cataract surgery. (Source: https://www.alcon.com/media-release/alcon-announces-launch-acrysof-iq-vivity-first-and-only-non-diffractive-extended/) In October 2020, HOYA Surgical Optics announced the release of CLEARlog, an app that enables surgeons to rapidly and effectively record and analyze their cataracts. For surgeons who wish to perform a thorough multifactorial study of their results, it is intended to be an economical and time-saving alternative. (Source: https://www.hoyasurgicaloptics.com/news/hoya-surgical-optics-announces-global-launch-clearlog-app-designed-analize-clinical-outcomes)

Top Companies Market Share in Cataract Surgery Treatments Industry: (In no particular order of Rank)

• Carl Zeiss Meditech AG
• Bausch & Lomb Inc.
• Alcon Incorporated
• NIDEK Co. Ltd.
• Essilor International S.A.
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Regional Analysis of the Cataract Surgery Treatment Market

Which Region Dominates the Cataract Surgery Treatment Market in 2024?

According to Cognitive Market Research, North America currently dominates the Cataract Surgery Treatments market, and the region is expected to have significant growth during the projected period. This is due to factors like a high prevalence of cataracts, an aging population, advanced healthcare infrastructure, and rising disposable income.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). This is primarily due to the growing geriatric population, increasing healthcare expenditure, and rising awareness about eye health in the region.

The current report Scope analyzes Cataract Surgery Treatments Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Cataract Surgery Treatments

According to Cognitive Market Research, the global Cataract Surgery Treatment market size was estimated at USD 9124.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 3649.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.4% from 2024 to 2031.

• According to Cognitive Market Research, the U.S. had a major share in the Cataract Surgery Treatment market with a market size of USD 2879.60 million in 2024 and is projected to grow at a CAGR of 2.2% during the forecast period. The U.S. market's Stringent governmental regulations against plastic pollution.
• The Canada Cataract Surgery Treatment market had a market share of USD 437.96 million in 2024 and is projected to grow at a CAGR of 3.2% during the forecast period. Canada’s rising awareness among the population.
• The Mexico Cataract Surgery Treatment market is projected to witness growth at a CAGR of 2.9% during the forecast period, with a market size of USD 332.12 million in 2024.

Europe Cataract Surgery Treatments

According to Cognitive Market Research, the global Cataract Surgery Treatment market size was estimated at USD 9124.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 2737.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.7% from 2024 to 2031.

• The United Kingdom Cataract Surgery Treatment market had a market share of USD 459.86 million in 2024 and is projected to grow at a CAGR of 3.5% during the forecast period. In the U.K., Cataract Surgery Treatment sales witness an upswing due to the increasing focus on environmental sustainability.
• The France Cataract Surgery Treatment market is projected to witness growth at a CAGR of 1.9% during the forecast period, with a market size of USD 251.83 million in 2024.
• According to Cognitive Market Research, the German Cataract Surgery Treatment market size was valued at USD 541.98 million in 2024 and is projected to grow at a CAGR of 2.9% during the forecast period. In Germany, Cataract Surgery Treatment surged due to the Increased focus of the manufacturers and major market players.
• The Italy Cataract Surgery Treatment market is projected to witness growth at a CAGR of 2.1% during the forecast period, with a market size of USD 235.40 million in 2024.
• The Russia Cataract Surgery Treatment market is projected to witness growth at a CAGR of 1.7% during the forecast period, with a market size of USD 424.28 million in 2024.
• The Spain Cataract Surgery Treatment market is projected to witness growth at a CAGR of 1.8% during the forecast period with a market size of USD 224.46 million in 2024
• The Luxembourg Cataract Surgery Treatment market is projected to witness growth at a CAGR of 2.8% during the forecast period, with a market size of USD 84.86 million in 2024.
• The Portugal Cataract Surgery Treatment market is projected to witness growth at a CAGR of 2.5% during the forecast period, with a market size of USD 57.48 million in 2024.
• The Greece Cataract Surgery Treatment market is projected to witness growth at a CAGR of 3.0% during the forecast period, with a market size of USD 32.85 million in 2024.
• The Rest of Europe's Cataract Surgery Treatment market is projected to witness growth at a CAGR of 1.4% during the forecast period, with a market size of USD 424.28 million in 2024.

Asia Pacific Cataract Surgery Treatments

According to Cognitive Market Research, the global Cataract Surgery Treatment market size was estimated at USD 9124.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 2098.57 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.

• According to Cognitive Market Research, the China Cataract Surgery Treatment market size was valued at USD 944.35 million in 2024 and is projected to grow at a CAGR of 5.7% during the forecast period. Cataract Surgery Treatment surged in China due to the Increased focus of the manufacturers and major market players.
• The Japan Cataract Surgery Treatment market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 289.60 million in 2024.
• The India Cataract Surgery Treatment market had a market share of USD 251.83 million in 2024 and is projected to grow at a CAGR of 8.0% during the forecast period. India's rising awareness among the populations .
• The South Korean Cataract Surgery Treatment market is projected to witness growth at a CAGR of 5.3% during the forecast period, with a market size of USD 209.86 million in 2024.
• The Australian Cataract Surgery Treatment market is projected to witness growth at a CAGR of 5.9% during the forecast period, with a market size of USD 109.13 million in 2024.
• The South East Asia Cataract Surgery Treatment market is projected to witness growth at a CAGR of 7.2% during the forecast period, with a market size of USD 144.80 million in 2024.
• The Rest of Asia Pacific Cataract Surgery Treatment market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD 149.00 million in 2024.

South America Cataract Surgery Treatments

According to Cognitive Market Research, the global Cataract Surgery Treatment market size was estimated at USD 9124.2 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 456.21 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.6% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Cataract Surgery Treatment market size was valued at USD 195.26 million in 2024 and is projected to grow at a CAGR of 4.2% during the forecast period. Cataract Surgery Treatments flourished in Brazil due to increasing demand for packaged food and beverages.
• Argentina's Cataract Surgery Treatment market had a market share of USD 76.64 million in 2024 and is projected to grow at a CAGR of 4.5% during the forecast period. Argentina's rising personal disposable income .
• Colombia's Cataract Surgery Treatment market is projected to witness growth at a CAGR of 3.4% during the forecast period, with a market size of USD 40.60 million in 2024.
• Peru Cataract Surgery Treatment market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD 37.41 million in 2024.
• Chile's Cataract Surgery Treatment market is projected to witness growth at a CAGR of 3.9% during the forecast period, with a market size of USD 32.85 million in 2024.
• The Rest of Latin America's Cataract Surgery Treatment market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 73.45 million in 2024.

Middle East and Africa Cataract Surgery Treatments

According to Cognitive Market Research, the global Cataract Surgery Treatment market size was estimated at USD 9124.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 182.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.9% from 2024 to 2031..

• The GCC Countries Cataract Surgery Treatment market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 78.10 million in 2024. Cataract Surgery Treatment sales flourish due to the presence of major market players.
• The Egypt Cataract Surgery Treatment market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 19.16 million in 2024.
• The South Africa Cataract Surgery Treatment market is projected to witness growth at a CAGR of 4.9% during the forecast period, with a market size of USD 28.83 million in 2024. Cataract Surgery Treatment sales flourished in South Africa due to increasing demand and regulatory support.
• The Turkey Cataract Surgery Treatment market is projected to witness growth at a CAGR of 3.4% during the forecast period, with a market size of USD 15.69 million in 2024.
• The Nigeria Cataract Surgery Treatment market is projected to witness growth at a CAGR of 3.0% during the forecast period, with a market size of USD 19.16 million in 2024.
• The Rest of the MEA Cataract Surgery Treatment market is projected to witness growth at a CAGR of 2.9% during the forecast period, with a market size of USD 21.53 million in 2024.

Cataract Surgery Treatments Market Analysis

Segment Analysis of Cataract Surgery Treatments Market

Based on present and future trends, the market size is estimated from 2019 to 2031. Moreover, study also provides quantitative and qualitative analysis of each type to understand the driving factors for the fastest growing type segment for Cataract Surgery Treatments market.

of Cataract Surgery Treatments analyzed in this report are as follows:

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Cataract Surgery Treatments Industry. Request a Free Sample PDF!

Cataract Surgery Treatment Market Application Segment Analysis

According to Cognitive Market Research, Posterior sub-capsular cataracts are a leading cause of vision impairment, significantly impacting the cataract surgery treatment market. They typically develop at the back of the lens, leading to blurred vision and difficulty with glare and bright lights. Their prevalence in aging populations drives demand for surgical interventions. Advances in cataract surgery techniques and technologies, such as phacoemulsification and intraocular lens implantation, further enhance treatment efficacy, making them the most common and impactful type of cataract requiring surgical correction.

In the Cataract Surgery Treatment Market, Cortical cataracts are a significant contributor to the rapid growth of the cataract surgery treatment market. They develop in the outer layer of the lens and often lead to visual disturbances, prompting patients to seek surgical intervention. Advances in surgical techniques, such as phacoemulsification and improved intraocular lens technology, have made the procedure more accessible and effective. Additionally, the rising aging population and increased awareness of cataract treatments drive demand for surgical solutions, further propelling market expansion.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Author's Detail

Anushka Gore

Research Associate at Cognitive Market Research

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Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.

Author's Conclusion