Cataract Surgery Devices and Equipment Market Report 2025

The cataract surgery devices and equipment market size has grown strongly in recent years. It will grow from $14.94 billion in 2024 to $15.88 billion in 2025 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to aging population demographics, increasing incidence of cataracts, rise in patient awareness, government initiatives for vision care, increasing healthcare expenditure.

The cataract surgery devices and equipment market size is expected to see steady growth in the next few years. It will grow to $18.15 billion in 2029 at a compound annual growth rate (CAGR) of 3.4%. The growth in the forecast period can be attributed to growing focus on outpatient surgery, customized intraocular lenses, value-based healthcare models, global vision care campaigns, global initiatives for eye health. Major trends in the forecast period include integration of artificial intelligence (ai), teleophthalmology and remote consultations, rapid technological innovations, improvements in intraocular lens technology, technological advancements in surgical techniques, femtosecond laser technology.

The rising geriatric population is expected to significantly drive the growth of the cataract surgery devices and equipment market in the future. The geriatric population, defined as individuals aged 65 and over, is increasingly prone to developing cataracts, which enhances the demand for cataract surgery devices due to the vision impairment associated with this condition. As a result, the growing number of elderly individuals is leading to an increased need for cataract surgery procedures and related devices. For instance, in January 2024, the Population Reference Bureau (PRB), a US-based private non-profit organization, projected that the number of Americans aged 65 and older will grow from 58 million in 2022 to 82 million by 2050, representing a 47% increase. Furthermore, this age group's share of the total population is expected to rise from 17% to 23%. This demographic shift highlights the importance of addressing the needs of older adults across various sectors. Consequently, the rising geriatric population is driving growth in the cataract surgery devices and equipment market.

The surge in vision impairment cases is anticipated to contribute to the growth of the cataract surgery devices and equipment market. Vision impairment, gauged through best-corrected visual acuity (BCVA) in the better-seeing eye, prompts a heightened demand for cataract surgery devices to provide effective solutions, replacing clouded lenses with artificial ones and restoring clear vision. A global perspective from the World Health Organization in October 2022 indicates that over 2.2 billion people face near or distance vision problems, with approximately 1 billion cases involving preventable or untreated vision loss, emphasizing the role of cataract surgery devices in addressing such issues.

Major companies in the cataract surgery devices and equipment market are focused on developing innovative products, such as the VERITAS Vision System, to enhance surgical accuracy and outcomes. The VERITAS Vision System is a next-generation phacoemulsification system designed to prioritize patient safety, surgeon efficiency, and comfort. For instance, in February 2024, Johnson & Johnson, a US-based pharmaceutical and medical technology company, launched the Tecnis PureSee intraocular lens (IOL). The TECNIS PureSee IOL features a unique, purely refractive design that delivers consistent, high-quality vision with excellent contrast and low-light performance, comparable to that of monofocal IOLs. Cataract surgery is the most commonly performed surgery globally, with around 28 million procedures conducted annually. However, only 10-15% of patients receive advanced optical IOLs designed to address astigmatism and presbyopia. Surgeons and patients often face trade-offs when selecting an IOL, such as balancing clear vision at all distances against the potential for glares or halos. The TECNIS PureSee IOL aims to mitigate these concerns, improving overall outcomes for both patients and surgeons.

The cataract surgery devices and equipment market has experienced positive transformations driven by market players, notably the integration of laser technology. Laser-assisted cataract surgery has revolutionized the industry, providing new levels of safety and accuracy in cataract surgeries. Femtosecond laser platforms, in particular, have significantly contributed to the precision of these surgeries, potentially surpassing traditional hand-held procedures. Market dynamics prompted major players such as Abbott Laboratories to enter the laser cataract surgery devices market, exemplified by the acquisition of Optimedica for $250 million.

In July 2023, Vantage Surgical Solutions, specializing in mobilized surgical solutions, acquired Ophthalmic Surgical Solutions (OSS) for an undisclosed amount. This strategic acquisition aims to expand Vantage Surgical Solutions' ophthalmic surgical equipment and services portfolio, enhancing both product offerings and geographic reach. OSS, as a specialized company in ophthalmic surgical equipment and services, aligns with Vantage Surgical Solutions' focus on ophthalmic surgery access.

Major companies operating in the cataract surgery devices and equipment market include Johnson & Johnson Services Inc., Allergan Inc., PhysIOL S.A, Novartis AG, Abbott Laboratories, Alcon Inc., HOYA Corporation, Bausch & Lomb Inc., Carl Zeiss Meditech AG, Topcon Corporation, NIDEK Co. Ltd., Aurolab Co., OPHTEC BV, DORC International BV, Calhoun Vision Inc., Coburn Technologies Inc., HumanOptics AG, Hanita Lenses Ltd., Lenstec Inc., CRISTALENS SL, EyeKon Medical Inc., ROWIAK GmbH, Ziemer Ophthalmic Systems AG, HAAG-Streit Holding AG, Sonomed Escalon Corp., Ellex Medical Lasers Limited.

North America was the largest region in the global cataract surgery devices and equipment market in 2024. Asia-Pacific was the second-largest region in cataract surgery devices and equipment market. The regions covered in the cataract surgery devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the cataract surgery devices and equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Cataract surgery devices encompass instruments utilized in the treatment of cataracts, a condition where the lens of the eye progressively becomes opaque, leading to blurred vision.

The main types of cataract surgery devices and equipment include intraocular lens (IOL), ophthalmic viscoelastic device (OVD), phacoemulsification equipment, and femtosecond laser equipment. Ophthalmic viscoelastic devices (OVDs) are specifically employed in cataract surgeries. These devices and equipment are applied in various surgery types, including extracapsular cataract extraction, phacoemulsification, femtosecond laser procedures, among others. End-users of these devices include ophthalmology centers, hospitals, and clinics.

The cataract surgery devices and equipment market research report is one of a series of new reports that provides cataract surgery devices and equipment market statistics, including cataract surgery devices and equipment industry global market size, regional shares, competitors with a cataract surgery devices and equipment market share, detailed cataract surgery devices and equipment market segments, market trends and opportunities, and any further data you may need to thrive in the cataract surgery devices and equipment industry. This cataract surgery devices and equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The cataract surgery devices and equipment market consist of sales of ophthalmic viscoelastic devices, phacoemulsification equipment, and femtosecond laser equipment that are used for the cataract surgery. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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