Technavio’s latest market research report on the
global cataract surgery devices market provides an analysis
of the most important trends expected to impact the market outlook
from 2018-2022.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20180527005028/en/
Technavio has published a new market
research report on the global cataract surgery devices market from
2018-2022. (Graphic: Business Wire)
According to Technavio market research analysts, the global
cataract surgery devices market will grow at a CAGR of over
3% during the forecast period. The increasing prevalence of
cataract and rise in geriatric population is a major factor driving
the market’s growth. Cataract is a medical condition that causes
clouding of the lens of the eye. Cataract surgery needs to be
performed to prevent blindness. In countries such as the US,
cataract is the leading cause of blindness. Advancing age,
ultraviolet radiation, diabetes, smoking, and hypertension are some
of the factors leading to cataract. It can be diagnosed after a
comprehensive examination of the eye. Surgery is recommended for
cataract if it interferes with performing daily activities. Though
cataract treatment is available worldwide, factors such as
insurance coverage, cost of treatment, and lack of awareness among
individuals to avail appropriate cataract treatment hinder its
acceptance.
This report is available at a USD 1,000 discount for a
limited time only: View market snapshot before
purchasing
Save more with Technavio. Buy 2 reports and get
the third for FREE: View all Technavio’s current
offers
In this report, Technavio highlights the increasing medical
tourism for low cost cataract surgery as one of the key emerging
trends in the global cataract surgery devices market:
Increasing medical tourism for low cost
cataract surgery
In countries such as India, South Korea, Turkey, Malaysia,
Mexico, Singapore, and Jordan, medical tourism is a concept that is
widely accepted. Cataract surgery is commonly performed in these
countries. In developed countries like the US, individuals opt for
medical tourism in their favorite international destination. In
these destinations, medical infrastructure is comparable with that
in countries such as the US. In addition, when compared with the
charges for surgery in the US or other developed countries like
Canada, Germany, and the UK, the costs incurred by individuals to
undergo cataract surgery in countries favoring medical tourism is
significantly low.
“Factors such as increasing advancements in
healthcare infrastructure, rise in number of healthcare
institutions availing accreditation, and low costs of cataract
surgery will result in the increased demand for medical tourism for
cataract surgery,” says a senior analyst at Technavio for research
on orthopedics and medical devices.
Looking for more information on this market? Request a
free sample report
Technavio’s sample reports are free of charge and contain
multiple sections of the report such as the market size and
forecast, drivers, challenges, trends, and more.
Global cataract surgery devices market
segmentation
This market research report segments the global cataract
surgery devices market into the following products (IOLs,
phacoemulsification devices, OVDs, and femtosecond lasers),
end-users (hospitals, ophthalmology clinics, and ASCs), and key
regions (the Americas, APAC, and EMEA).
The IOLs segment held the largest market share in 2017,
accounting for nearly 55% of the market. The market share for this
product is expected to decrease by 2022. The fastest growing
product is femtosecond lasers, which will account for nearly 3% of
the total market share by 2022.
The Americas was the leading region for the global cataract
surgery devices market in 2017, followed by EMEA and APAC. In the
Americas, the market is growing owing to the presence of the
improving healthcare infrastructure, the access to advanced
technology, and the skilled ophthalmic surgeons.
Save big with Technavio this
May!
Find out what companies are venturing in
to beat the heat this summer! Technavio indulges you with a massive
20% OFF on all non-alcoholic beverages reports for
the entire month.
OR
Technavio honors the achievements and
efforts of Motherhood this Mother's Day by offering a whopping
30% OFF on all cosmetics and toiletry reports. Offer
valid from 7th May for a limited period.
About Technavio
Technavio is a leading global technology research and
advisory company. Their research and analysis focuses on emerging
market trends and provides actionable insights to help businesses
identify market opportunities and develop effective strategies to
optimize their market positions.
With over 500 specialized analysts, Technavio’s report library
consists of more than 10,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio’s comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
If you are interested in more information, please contact our
media team at media@technavio.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180527005028/en/
Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS:
+1 844 364 1100UK: +44 203 893 3200www.technavio.com