Cataract is an eye disease that causes clouding of the eye lens, resulting in irreversible vision loss. Cataract surgery is performed to remove the clouded natural lens and implant an intraocular lens.
Cataract Treatment Market: Introduction
Cataract is an eye disease that causes clouding of the eye lens, resulting in irreversible vision loss. Cataract surgery is performed to remove the clouded natural lens and implant an intraocular lens. The therapy entails replacing the natural lens with an artificial lens, which aids in the restoration of eye vision.
Read Report Overview - https://www.transparencymarketresearch.com/cataract-treatment-market.html
The devices and instruments used in cataract surgical procedure, such as phacoemulsification systems, gloves, drapes, balanced salt solution, forceps, irrigation set, ophthalmic viscoelastic devices, and intraocular lenses, are referred to as cataract surgery devices because these serve as appropriate devices for such eye defects.
Global Cataract Treatment Market: Drivers, Restraints, and Trends
The global cataract treatment market is driven by rise in prevalence of cataract and an aging population that is more susceptible to ophthalmologic disorders, particularly cataract. According to Preventblindness.org, around 38.5 million individuals in the U.S. are expected to have cataract by 2032, with an annual cost of nearly US$ 7 Bn associated with cataract treatment in the country. Surge in the incidence of cataract is projected to increase the number of operations, which in turn is anticipated to boost the demand for devices. According to LaserSurgeryHub.uk, around 330,000 cataract procedures are conducted in the U.K. each year.
Request Brochure of Report - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=84201
However, lack of health care insurance and lack of awareness among individuals about the advantages of cataract surgery are expected to hamper the growth of the global cataract treatment market during the forecast period. High cost of cataract surgery, particularly in developing countries such as India, China, Brazil, and South Africa, restrains the global market. Moreover, government initiatives to minimize incidence of cataract-related illnesses presents significant opportunities to market players.
The global cataract treatment market is driven by increase in the geriatric population and rise in prevalence of cataract diseases. However, shortage of qualified specialists and lack of awareness about cataract diseases, particularly in emerging markets, hamper the growth of the global cataract treatment market.
Request for TOC @ https://www.transparencymarketresearch.com/sample/sample.php?flag=T&rep_id=84201
EyePoint Pharmaceuticals received the FDA clearance for Dexycu (dexamethasone) intraocular suspension in February 2018. The intraocular suspension is delivered as a single dose at the conclusion of cataract surgery and to manage postoperative inflammation. The approval of Dexycu will benefit people across the world who are experiencing complications following cataract surgery.
In November 2017, RxSIGHT received the FDA clearance for its Light Delivery Device and Light Adjustable Lens implanted lens, which can be changed after cataract surgery to enhance vision without eyeglasses in some patients. The approval of this device offers a novel strategy for treatment paradigms and improving the quality of eyesight of cataract surgery patients.
In February 2017, Johnson and Johnson acquired Abbott Medical Optics for around US$ 4 Bn. This acquisition helped Johnson and Johnson gain a competitive edge in cataract surgery, which was Abbott Medical Optics’ key specialty.
Pre Book Cataract Treatment Market Report - https://www.transparencymarketresearch.com/checkout.php?rep_id=84201<ype=S
North America Accounted for Major Share of Global Cataract Treatment Market
North America dominated the global cataract treatment market in terms of share in 2020. High prevalence of cataract, developed health care infrastructure, high disposable income, and favorable reimbursement policies drive the market in the region. According to the National Institutes of Health (NIH), nearly half of the population of the U.S. will have cataract by the age of 80. According to data, the region is projected to dominate the global market during the forecast period.
Key Players in Global Cataract Treatment Market
- Abbott Laboratories
- Johnson & Johnson
- Essilor International S.A.
- Valeant Pharmaceuticals International, Inc.
- HAAG-Streit Holding AG
- Novartis AG
- Carl Zeiss Meditec AG
- Nidek Co., Ltd.
- Topcon Corporation
- Ziemer Ophthalmic Systems AG
Browse More Trending Reports by Transparency Market Research:
Non-Invasive Prenatal Testing Market: The non-invasive prenatal testing market for the historical period of 2017–2018 and forecast period of 2019–2027, increase in maternal age and increasing demand for early and non-invasive fetal testing procedures are anticipated to drive the global non-invasive prenatal testing market.
Gait Rehabilitation System Market: Products in the global gait rehabilitation system market, both computer aided as well as mechanical products, are used to assist people suffering from walking disabilities or difficulties in regaining their functional gait. Increase in various kinds of walking difficulties have exponentially increased the demand for the products in the global gait rehabilitation system market.
About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through ad hoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
Contact
Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com/