April 12, 2022
According to the research report titled, ‘Global Surgical Eye Care Market (2021 Edition) - Analysis by Product Type (Implantables, Consumables, Equipment), End User, By Region, By Country: Market Insight and Forecast with Impact of COVID-19 (2021-2026)’, available with MarketStudyReport, global surgical eye market valuation had reached USD 10.26 billion and is expected to register significant growth by the year 2026.
Increasing demand for diagnostic procedures among the aging population, high prevalence of eye-related disorders, widespread utilization of new technologies in low-income countries, and technological breakthroughs in eye implants and types of equipment used are some of the major factors driving the growth of the global surgical eye market.
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The high occurrence of eye-related diseases such as cataract, glaucoma, refractive errors, and diabetic retinopathy among others have augmented the demand for eye operations and implants. In the last few years, visits to hospitals for eye care have significantly increased. Increasing popularity of non-invasive surgeries and growing awareness regarding the availability of treatment options are also fueling the overall market growth.
Apart from this, various companies are focusing on technological innovations to develop innovative and sustainable eye implants, thus contributing towards global surgical eye care industry remuneration.
As per product type, the market is segmented into equipment, consumables, and implantables. The end-user reach of this industry domain involves ambulatory surgical centers, hospitals, and others.
Regionally, this marketplace is bifurcated into Latin America and Middle East & Africa, Asia-Pacific, Europe, and North America.
Among these, North America captured a significant market share in recent past while Asia-Pacific is expected to emerge as a key revenue generator for the market participants in the ensuing years . While the developed economies will continue to show high demand for surgical eye care, it is the emerging economies that will add traction to the overall market size, given the escalating unmet demands, especially in Asia-Pacific.
The prominent companies operating in the global surgical eye care market are Glaukos Corp., NIDEK Co. Ltd., Topcon Corporation, STAAR Surgical Company, Hoya Corporation, Bausch Health Companies Inc., The Cooper Companies Inc., Carl Zeiss AG, Johnson & Johnson, and Alcon Inc.