FORT WORTH, Texas, June 8, 2015 /PRNewswire/ --
The North America ophthalmology cataract surgery devices market was valued at $2,699.1 million in 2014 and is estimated to reach $3,929.3 million by 2019, at a CAGR of 7.8% during the forecast period, 2014 to 2019.
Browse through the TOC of North America ophthalmology cataract surgery devices market for an analysis of industry trends and segments, with the help of various tables and figures.
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Cataract surgery is the removal of the natural lens of the eye. It is done when the cornea of the eye becomes opaque, which is referred to as a cataract. The cataract is caused by the changes that happen on the crystalline lens fibers over time owing to the metabolic activities taking place inside the human body. The development of cataract leads to the loss of the lens transparency which ultimately causes impairment or loss of vision. The ophthalmology cataract surgery devices are used to treat cataract, without causing any harm to cornea. Thus, the use of appropriate surgical instruments becomes mandatory for rectifying these eye defects or to suggest any treatment for them. The increasing demand for developing advanced and technologically effective surgical equipment is contributing to the growth of the North American ophthalmology cataract surgery devices market.
The North American ophthalmology cataract surgery devices market is driven by factors, such as, increased prevalence of ocular disorders, rise in the geriatric population, technological advancements in the healthcare, and growth in the emerging economies. However, lack of general awareness among people about eye disorders and poor primary healthcare infrastructure coupled with lack of healthcare insurance are the main factors restraining the growth of the North American ophthalmology cataract surgery devices market.
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The key players in the North American ophthalmology cataract surgery devices market are Alcon Incorporated, Bausch & Lomb, Inc. (U.S.), Essilor International S.A. (France), Carl Zeiss Meditech AG (Germany), NIDEK Co., Ltd. (Japan), Topcon Corporation (Japan), STAAR Surgical Company (U.S.), among others.
This market is segmented and forecast by sub-market, end-user, and geography. On the basis of sub-market, the North American ophthalmology cataract surgery devices market is segmented into intraocular lenses (IOL), phacoemulsification devices, and ophthalmic viscoelastic devices (OVD). By end-user, the market is classified into hospitals, private eye clinics, and other end-users. On the basis of geography, the North American ophthalmology cataract surgery devices market is segmented into the U.S., Canada, and Mexico. This report also includes the market share, and value chain analyses, and market metrics such as, drivers, restraints, and upcoming opportunities in the market. In addition, it also presents competitive landscape and company profiles of the key players in the North American ophthalmology cataract surgery devices market.
The European cataract surgery devices market has been segmented based on product type (intraocular lenses, phacoemulsification devices, and ophthalmic viscoelastic devices). Intraocular lenses held the highest share of this market in 2014-69.9%, followed by phacoemulsification devices (16.0%).
The European cataract surgery devices market is expected to grow at a CAGR of 5.9 % by 2019.
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