Ocular Surgery Market, by Device Type and Region - Insights, Size,
Share, Opportunity Analysis, and Industry Forecast till 2025
According to World Health Organization (WHO), in 2010, around 285 million people were reported
to suffer from visual impairment, with cataract reported to be the major cause. According to
National Federation of the Blind, in 2014, around 1.3 million people were legally blind in the U.S.
Furthermore, every year, over 75,000 people in the U.S. are expected to become blind or visually
impaired. According to American Academy of Ophthalmology, in 2015, highest prevalence of
primary open angle glaucoma (POAG) was reported in African countries. According to NCBI,
2014, primary open-angle glaucoma (POAG) is the leading cause of irreversible blindness in Brazil.
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Market Dynamics
Increasing prevalence of ocular disease such as cataract and glaucoma has created an increasing
demand for ocular surgery worldwide. According to European Blind Union, in 2016, over 30
million people were partially sighted or blind in Europe; an average of 1 in 30 people experience
sight loss; and around 90% of visually impaired persons are aged 65 years and above in the region.
Rapidly increasing aging population and high incidence rate of diabetes are the major factors
propelling growth of the ocular surgery market. Furthermore, companies are developing advanced
methods of treatments, which are much faster, easier, pain-free and less traumatic than conventional
methods. This in turn, is expected to contribute to the growth of the ocular surgery market.
Advancement in ocular surgery and new launches of ocular devices are expected to boost
growth of the market
In cataract surgery, conventional methods such as phacoemulsification (phaco) are safe and
effective only when performed by a skilled surgeon. Incisions in the cornea are made using
handheld blades. Laser-assisted cataract surgery has replaced many of the steps in the conventional
cataract surgery. Laser technology results in fewer surgical errors and its outcomes are predictable.
In 2016, Alcon launched NGENUITY 3D Visualization system, which offers enhanced
visualization, improves the surgeon’s posture while performing the surgery and reduces fatigue. It
also minimizes light exposure to the patient’s eye.
Growing aging population, awareness initiatives to lead to early diagnosis and treatment,
expected to drive growth of the market