Analysis of Cataract Disposable Products market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Cataract disposable products are used for treating cataract, in which the damaged lens are replaced with artificial lens to make the vision clear and sharp. Use of cataract disposable products have increased in the recent years owing to the increasing number of ophthalmic surgeries. Use of cataract disposable products improves the patients safety by reducing the disease transmission and contamination.
Cataract disposable products are specially designed to eliminate the need for expensive and time consuming resterilization, eliminating the need to stock the individual products. Furthermore, cataract disposable products have technological, regulatory, technical and economic advantage over the reusable products. The adoption of cataract disposable products is growing due to shift towards single-use instruments and their cost-effectiveness. Cataract surgery is the most common procedure among other ophthalmic surgeries. According to the American Academy of Ophthalmology, 2 million cataract surgeries are performed every year in the U.S.
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Recent advances in the ophthalmic surgical techniques increased the adoption of cataract disposable products by the medical professionals, which is expected to drive the growth of the market for cataract disposable products. With the increasing number of ophthalmic procedures performed there is growing concern over the sterilization that is overcome by the use of single-use instruments, which is expected to spur the growth of the cataract disposable products market. Single-use instruments are safe and convenient alternative to the reusable products, which is a factor expected to increase the demand for cataract disposable products.
However, use of traditional cataract products over the cataract disposable products in developing and under developed countries is expected to hinder the growth of the cataract disposable products market.
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The shift from reusable towards disposable products in developed and developing countries is expected to propel the growth of the cataract disposable products market. Single-use products to be used to replace the existing instruments where the procedures require sterile instruments, which is expected to increase the demand for disposable products and consequently expected to spur the growth of the market for cataract disposable products.
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Geographically, the global cataract disposable products market is segmented into North America, Latin America, Europe, Asia-Pacific excluding Japan (APEJ), Japan and the Middle East and Africa (MEA). North America is expected to be the leading regional market for cataract disposable products owing to increasing number of ophthalmic producers and growing demand for disposable products due to less time taken over the sterilization method.
The cataract disposable products market in Europe is second major shareholder due increasing preference for disposable instruments and growing trend for ophthalmic micro-incision surgery.
The Asia Pacific excluding Japan is expected to witness fast growth than other regions due to large patient pool and adoption of new technology. Japan is expected to witness significant growth in the global cataract disposable products market owing to growing geriatric population. Latin America & Middle East & Africa are expected to account moderate growth over the forecast period owing to lack of professional workers and awareness among the population towards the adoption of new advanced technology.
The global cataract disposable products market is fragmented owing to the presence of a large number of manufacturers. Examples of some of the key players operating in the global cataract disposable products market are
This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast. Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters. A thorough analysis has been offered by the report on
Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.
Tentatively, the global cataract disposable products market can be segmented on the basis of product type, end user, and geography.
Based on product type, the global cataract disposable products market is segmented as:
Based on the end users, the global cataract disposable products market is segmented as:
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The global cataract disposable products market is likely to progress at a CAGR of 4% through 2028.
The current valuation of the market for cataract disposable products is US$ 9 billion.
Recent advancements in ophthalmic surgical techniques have resulted in increased adoption of cataract disposable products by healthcare professionals.
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