DUBLIN, July 5, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Cataract Devices Market 2016-2020" report to their offering.
The report forecasts the global cataract devices market to grow at a CAGR of 6.43% during the period 2016-2020. To calculate the market size, the report considers the revenue generated from the following applications:
- IOLs
- Ophthalmic viscoelastic devices (OVDs)
- Femtosecond lasers
- Phacoemulsification equipment
A trend which is boosting market growth is the growing demand for femtosecond laser systems. Femtosecond laser technology for cataract surgery is expected to gain extensive application, after its success in corneal, refractive, and scleral surgeries. Femtosecond laser is a precise cutting instrument that can be applied to capsulorhexis and lens fragmentation. This technology is used in phacoemulsification equipment and enables obtaining optimal patient outcomes.
According to the report, a key growth driver is the growing demand from emerging economies. Emerging economies such as India, China, Brazil, Russia, and South Africa are expected to be the significant contributors to market growth during the forecast period. In addition, the markets in emerging economies are expected to grow three times faster than developed markets in the coming years. The market in these countries will be driven by the increase in population (especially the older population), evolving demographics, rising disposable income, modernization of healthcare systems, and growing demand for the treatment of ophthalmic disorders.
Further, the report states that one challenge that could restrict market growth is the shortage of ophthalmologists.
Key vendors:
- Abbott Medical Optics
- Alcon
- Aurolab
- Bausch and Lomb
- Carl Zeiss Meditec
- HOYA
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Regulatory approval process
PART 07: Cataract: Disease overview
PART 08: Market segmentation by product type
PART 09: Geographical segmentation
PART 10: Market drivers
PART 11: Impact of drivers
PART 12: Market challenges
PART 13: Impact of drivers and challenges
PART 14: Market trends
PART 15: Vendor landscape
PART 16: Key vendor analysis
PART 17: Appendix
For more information visit http://www.researchandmarkets.com/research/tppf9f/global_cataract
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Research and Markets
Laura Wood, Senior Manager
[email protected]
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SOURCE Research and Markets
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