What is a cataract surgery device?
Instruments that are used for performing cataract surgery in the treatment of cataracts are called Cataract surgery devices. Cataract surgery is also known as replacement therapy. The surgery is the process in which the natural lens of the eyes is removed as cloudy vision is noticed. The main purpose of cataract surgery is to get clear vision. Intracapsular and extracapsular are the two types of cataract surgery. Balanced salt solutions, phacoemulsification systems, ophthalmic viscoelastic devices, forceps, drapes, gloves, irrigation sets, and intraocular lenses are some cataract surgery devices.
Here are some of the driving factors that are increasing opportunities for the Cataract surgery device market growth:
Rise in the geriatric population:
When you're young, your eye lens has a clear vision. With your growing age, approximately around age 45, the proteins in your eye start splitting down and clustering together. The presence of such clumps makes vision cloudy. This results in weakening the eyesight of such people. Nuclear sclerotic cataracts are the most common type of cataract in the elderly. Restoring sight in elderly patients can retain their capability to deal with daily activities which will extend life expectancy. Hence the global aging population will boost the cataract surgery device market.
Increasing government programs to encourage eye care:
There is a higher incidence of cataracts disorder worldwide. Active government initiatives to boost cataract surgeries are expected to fuel the market growth. In 1976, the National Programme for Control of Blindness and Visual Impairment (NPCB&VI) was launched, to reduce the frequency of blindness. In 2017, the Indian Government approved Rs 756cr scheme to treat cataract patients to make India free from cataracts. Such initiatives by the government are surely driving the cataract surgery device market.
Here are some of the restraining factors for cataract surgery device market growth:
Low level of awareness:
Many people lack the proper knowledge of the symptoms of the cataract. Hence, they do not get the treatment done. This ultimately results in a loss of potential revenue for the cataract surgery device manufacturer because of a smaller number of end-users. For instance, as per NCBI, out of 1554 patients, 89% were known of cataracts but only 42.6% were aware of the symptoms of cataracts. A low level of awareness about eye disorders is the major challenge faced by this industry.
Conclusion:
The cataract surgery device industry has shown many positive changes brought by the market players, mainly the launching of laser technology. North America is the largest region in the global cataract surgery device market. The global aging population, growth in the incidence of cataract disease, and growth in the rate of ocular disorders, together with innovative technologies have enabled to fuel the demand for higher-value cataract surgery devices.
Author's Detail:
Anushka Gore /
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Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the medical devices & consumables industry. She has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services. Her expertise in Market Research and business intelligence has equipped her with the skills necessary to analyze complex information and provide strategic recommendations.
In her current role, Anushka is a highly motivated and detail-oriented research analyst with a passion for uncovering valuable insights from data. She thrives in dynamic environments where her analytical abilities and research expertise can contribute to informed decision-making for businesses. Her collaborative approach facilitated effective communication of insights, fostering a data-driven culture within the organization.Anushka remains an invaluable asset in the dynamic landscape of market research.
