"The Cataracts Market research report offers valuable and actionable market insights crucial for developing sustainable and profitable business strategies. The report carefully examines the geographical scope of products in chief global areas, aiding in strategizing product distribution. This reliable Cataracts Market report also contributes to the measurement and optimization of each step in the industrial process lifecycle, including engagement, acquisition, retention, and monetization. Each factor is thoroughly researched, providing enhanced and actionable market insights.
The analysis report approximates the growth rate and market value based on market dynamics and growth-inducing factors. It enlists major competitors, offering strategic insights and analyzing key factors influencing the Cataracts Market industry. The report covers market definition, segmentation, competitive analysis, and research methodology. Understanding consumer demands, preferences, attitudes, and changing tastes is vital for businesses, and this market report provides comprehensive insights. The Cataracts Market business document caters to the client's requirements effectively.
The expected CAGR of global cataracts market is tend to be around 6.0% in the mentioned forecast period. The market was valued at USD 4.7 billion in 2021, and it would grow upto USD 7.49 billion by 2029.
Explore Further Details about This Research Cataracts Market Report https://www.databridgemarketresearch.com/reports/global-cataracts-market
Cataracts Market Scope and Segmentation
REPORT METRIC | DETAILS |
Forecast Period | 2022 to 2029 |
Base Year | 2021 |
Historic Years | 2020 (Customizable to 2014 - 2019) |
Quantitative Units | Revenue in USD Million, Volumes in Units, Pricing in USD |
Segments Covered | Type (Nuclear Cataract, Cortical Cataract, Posterior Subcapsular Cataract, Congenital Cataracts, Others), Diagnosis (Visual Acuity Test, Slit-Lamp Examination, Retinal Exam, Others), Treatment (Surgery), End-Users (Hospitals, Homecare, Specialty Clinics, Others), Distribution Channel (Hospital Pharmacy, Online Pharmacy, Retail Pharmacy) |
Countries Covered | U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
Market Players Covered | Aerie Pharmaceuticals, Inc. (U.S.), Allergan (Ireland), Bausch Health Companies Inc (Canada), Merck Co. Inc. (U.S.), Pfizer Inc. (U.S.), Teva Pharmaceutical Industries Ltd. (Israel), Amorphex Therapeutics Holdings, Inc (U.S.), Alcon (Switzerland), Astellas Pharma Inc. (Japan), Bayer AG (Germany), Novartis AG (Switzerland), AstraZeneca (U.K.), Amgen Inc. (U.S.), Carl Zeiss Meditec AG (Germany), HumanOptics Holding AG (Germany), STAAR SURGICAL (U.S.) |
Market Opportunities |
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Global Cataracts Market Dynamics
Drivers
- Increase in Elderly Population
The global cataract market is expected to witness a heavy growth rate in the forecast period driven by the factor of an aging population. The increasing demand in the global cataract market is a replication of growing elderly population, as people aged over 60 years frequently develop conditions in which eyes have reduced elasticity and in turn it affects the normal functioning. This boost the market growth.
- Rising Drug Approvals and Clinical Research
Increased approvals from FDA and more clinical research associated with cataracts are boosting the market growth. For instance, EyePoint Pharmaceuticals received the FDA approval for Dexycu intraocular suspension in February 2018. This suspension is given as a single dose at the end of cataract surgery for the management of postoperative inflammation. The approval will help people across the world who are severe experiencing complications after cataract surgery. This boosts the market growth
Opportunities
- Rising Incidence of Cataract
According to Preventblindness.org, approximately 38.5 million individuals in the U.S. are anticipated to have cataract by 2032, with an annual cost rising to nearly US$ 7 billion associated with cataract treatment in the country. Increase in the prevalence of cataract is projected to increase the number of operations, which in turn is anticipated to boost the demand for devices.
- Increasing Demand for Retail Pharmacies
Rise in the number of cortical necrosis therapeutics being delivered through retail pharmacies and surge in the number of retail pharmacies in developed countries create opportunities for the market growth. In addition to this, patients prefer retail pharmacies for purchasing drugs, as these are easily accessible.
The report provides insights on the following pointers:
- Cataracts Market Penetration: Comprehensive information on the product portfolios of the top players in the Cataracts Market.
- Product Development/Innovation: Detailed insights on the upcoming technologies, RD activities, and product launches in the Cataracts Market.
- Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market.
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies.
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Cataracts Market
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