The global cataract surgery device market was valued at USD 8.90 Billion in 2024, driven by the rising prevalence of cataracts and the aging population across the globe. The market is anticipated to grow at a CAGR of 4.20% during the forecast period of 2025-2034, with the values likely to reach USD 13.43 Billion by 2034.
Base Year
Historical Year
Forecast Year
The market is experiencing significant growth driven by the increasing aging population, rising prevalence of cataracts, and advancements in surgical technologies.
In October 2024, Zeiss launched the Micor 700 lens extraction device in the United States. It is a non-ultrasonic, cost-effective, and sustainable solution for cataract surgery, enhancing patient safety. Such product launches are expected to boost the market value significantly in the forecast period.
The shift toward precision surgery, the integration of AI and robotics in surgical procedures, and the increasing use of advanced materials for intraocular lenses to improve patient outcomes are the key trends that are likely to boost market growth in the coming years.
A cataract surgery device is specialized equipment used to remove cataracts and restore vision, including lasers, phacoemulsification tools, and intraocular lenses. The market is witnessing growth with the rising geriatric population base, which is more susceptible to developing the condition, ultimately leading to an increase in cataract surgeries. Also, the development of advanced technologies has resulted in the emergence of innovative surgical techniques and equipment leading to enhanced results of the surgery and higher patient satisfaction.
Rising Prevalence of Cataracts and Aging Population to Drive the Marker Growth
The market growth is driven by the rising prevalence of cataracts. The increasing incidence is creating a major opportunity for cataract surgery device expansion. Additionally, it is anticipated that the market value for cataract surgery devices will grow over the forecast period due to the increasing aging population, rising awareness of the illness, and developing healthcare infrastructure in emerging nations.
The market is witnessing several trends and developments to improve the current scenario. Some of the notable trends are as follows:
The market report offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type
Market Breakup by Application
Market Breakup by End User
Market Breakup by Region
Segmentation Based on Product Type to Witness Substantial Growth
Based on the product type, the market segment includes phacoemulsification systems, femtosecond lasers, intraocular lenses, ophthalmic viscoelastic devices, and others. Phacoemulsification systems are expected to lead the market due to their widespread use and effectiveness in emulsifying cataract lenses for removal. These systems are preferred due to their precision, minimal incision requirements, and faster recovery time, driving their dominance in the market.
The market is divided into regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is leading the market and is expected to exhibit significant growth during the forecast period. This growth can be attributed to the presence of major market participants in the United States as well as the significant volume of cataract operations in the region. The main drivers propelling market expansion in the region are the advantageous reimbursement policies of insurance companies and rising awareness regarding ocular illnesses.
The key features of the market report comprise patent analysis, grants analysis, funding and investment analysis, and strategic initiatives by the leading players. The major companies in the market are as follows:
Coburn Technologies is a leader in optical lens processing and ophthalmic diagnostic equipment. In March 2024, they introduced the HTG-1 Full Corneal Topography System. This advanced system aids in diagnosing corneal conditions and guiding cataract surgery by providing precise data on corneal curvature, refractive power, and irregularities, supporting optimal surgical outcomes.
Nidek is a global leader in ophthalmic and optometric equipment, known for designing innovative devices. In February 2023, the company launched the Cube α Ophthalmic Surgical System, featuring advanced ultrasound technology and Gyro torsional technology. The system enhances cataract surgery efficiency, safety, and fluid dynamics for improved patient outcomes.
Alcon is a Swiss-American company and a global leader in eye care, specializing in ophthalmic devices and surgical equipment. In June 2024, their Unity Vitreoretinal Cataract System and Unity Cataract System received FDA 510(k) clearance. These innovative devices enable them to advance cataract surgery techniques.
Bausch & Lomb, an American-Canadian eye health company, is a major player in the cataract surgery device market. It offers a range of innovative products, including hydrophobic, hydrophilic, and silicone intraocular lenses, which are crucial for cataract surgery. These products support minimally invasive procedures, helping restore vision.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other key players in the market include Johnson & Johnson, Ziemer Ophthalmic Systems, Carl Zeiss, STAAR SURGICAL, Hoya Corporation, Rayner Intraocular Lenses Limited, and SIFI S.p.A.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
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| Breakup by Application |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Supplier Landscape |
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| Companies Covered |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-723-689-1189
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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