Global Eye Surgery Market to Exceed US$15,549.1 Million by 2030, According to Coherent Market Insights

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SEATTLE, February 17, 2022 /PRNewswire/ — According to Consistent market informationthe Global eye surgery market is estimated at $10,444.4 million in 2022 and should present a CAGR of 5.1% over the forecast period (2022-2030).

Key Trends and Analysis of the Global Eye Surgery Market:

Major market trends include increasing prevalence of eye problems such as glaucoma, cataracts, among others; increase new product approvals and increase collaborations, acquisitions and partnerships among key players. These key trends are expected to contribute to the growth of the global eye surgery market.

Primary open-angle glaucoma (POAG), a type of glaucoma is one of the most common causes of irreversible blindness worldwide. According to an article published by the journal Scientific Reports in July 2021the overall prevalence of POAG was estimated at 2.4%, worldwide, in 2021. The same source also indicates that the number of POAG cases in the adult population (40 to 80 years old) worldwide was estimated at around 52 .68 million in 2020 and is expected to reach around 79.76 million in 2040.

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Additionally, increasing new eye surgery product launches are expected to drive the market growth over the forecast period. For example, in January 2021, Alcon, a Swiss American medical company specializing in surgical and eye care products, announced the expansion of its intraocular lens portfolio with the US launch of AcrySof IQ Vivity, which is an intraocular lens (IOL). The AcrySof IQ Vivity lens is the first non-diffractive extended depth of field intraocular lens and is now available to all US ophthalmologists to perform cataract surgery.

In addition, major players operating globally eye surgery market are focused on adopting inorganic growth strategies such as acquisitions and collaborations, to expand their presence in the global market. For example, in June 2021Rayner Intraocular Lenses Limited, a UK manufacturer of ophthalmic medical products, announced that it has completed the acquisition of Surgicon Healthcare Pvt Limited, a Indiadistributor of ophthalmic products. The acquisition would help Rayner Intraocular Lenses Limited introduce its portfolio of ophthalmic viscoelastic devices (OVDs), innovative intraocular lenses (IOLs) and dry eye drop solutions to eye surgeons and patients across India.

Main market takeaways:

The global eye surgery market is expected to grow at a CAGR of 5.1% during the forecast period, driven by the increase in eye surgery product launches. For example, in June 2021Johnson & Johnson Vision, a U.S. subsidiary of Johnson & Johnson Services, Inc. announced the launch of the TECNIS Eyhance Toric II monofocal intraocular lens (IOL) for the treatment of cataract patients with astigmatism, an imperfection of the curvature of the eye, in Europe.

Among the types of procedures, the cataract surgery segment is expected to account for the largest market share in 2022 owing to the rising incidence of cataracts. For example, according to data provided by the National Eye Institute, in the United States, in July 2019the number of people with cataracts in the United States is projected to double from 24.4 million in 2010 to approximately 50 million in 2050.

Key players operating in the global eye surgery market include Johnson & Johnson Services, Inc., Vision Care, Alcon, Carl Zeiss AG, Meditec Medical Ltd, Bausch & Lomb Incorporated, Ellex, Ziemer Ophthalmic Systems, Topcon Corporation, DORC Dutch Ophthalmic Research Center (International) BV, Lumenis Be Ltd., Glaukos Corporation, Aaren Scientific Inc., HOYA Corporation, Rayner Intraocular Lenses Limited, SCHWIND eye-tech-solutions, Avedro, LENSAR, Inc. and iVIS Technologies.

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Detailed segmentation:

Global eye surgery market, by type of procedure:

  • Cataract surgery
  • Glaucoma surgery
  • Vitrectomy surgery
  • Refractive error surgery

Global eye surgery market, by device type:

  • Cataract surgery devices
    • IOL (intraocular lenses)
    • OVD (ophthalmic viscosurgery devices)
    • Phacoemulsification devices
  • Glaucoma surgery devices
    • GDD (glaucoma drainage device)
    • Implants and stents
    • Lasers and systems
  • Vitrectomy surgery devices
    • Vitrectomy packs
    • vitrectomy machines
  • Refractive Error Surgery Devices
    • Exciplex Lasers
    • YAG lasers (yttrium aluminum garnet)
    • Microkeratomas
    • Femtosecond laser

Global eye surgery market, by end user:

  • Hospitals
  • Ophthalmic clinics
  • Others (academic and research institutions, among others)

Global eye surgery market, by region:

  • North America
  • Europe
    • By country:
      • UK
      • Germany
      • Italy
      • France
      • Spain
      • Russia
      • Rest of Europe
  • Asia Pacific
    • By country:
      • China
      • India
      • Japan
      • ASEAN
      • Australia
      • South Korea
      • Rest of Asia Pacific
  • Latin America
    • By country:
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
  • Middle East & Africa
    • By country:
      • GCC countries
      • Israel
      • South Africa
      • Rest of Middle East & Africa

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Find the related trend report below:

Eye implant marketby type of implant (intraocular lenses (IOLs) (aspheric IOLs, toric IOLs, multifocal IOLs, anterior chamber IOLs and others), corneal implants, glaucoma implants, orbital implants, ocular prosthesis and others), by application (surgery of the Glaucoma, Oculoplasty, Medication Administration, Age-Related Macular Degeneration (AMD), Aesthetic Goal and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle Eastand Africa) – Size, Share, Prospects and Opportunities Analysis, 2018 – 2026

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