Market Overview:
The global Phacoemulsification Systems market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of eye disorders, rising geriatric population, and technological advancements in phacoemulsification systems. Based on type, the Phacoemulsification Systems market can be segmented into ophthalmic viscoelastic device (OVD), phacoemulsification equipment, and others. The ophthalmic viscoelastic device segment is expected to grow at a higher CAGR during the forecast period owing to its increasing use in cataract surgeries. Based on application, the Phacoemulsification Systems market can be divided into hospital, clinic, and others segments. The hospital segment is projected to account for a larger share of the global Phacoemulsification Systems market during the forecast period owing to an increase in demand for advanced surgical procedures such as cataract surgery.
Product Definition:
Phacoemulsification is the surgical removal of the lens from the eye using an ultrasonic probe. It is a minimally invasive procedure that can be performed in an outpatient setting and results in significantly less pain and faster recovery than traditional cataract surgery.
Ophthalmic Viscoelastic Device (OVD):
Ophthalmic viscoelastic device (OVD) is a medical device used to treat glaucoma and cataract. Viscoelastic modifies the ocular surface in such a way that it reduces the intraocular pressure by either decreasing or increasing thequeous volume. OVD’s are minimally invasive, non-invasive, and painless in nature which increases its acceptability among patients suffering from glaucoma and cataract.
Phacoemulsification Equipment:
Phacoemulsification equipment is used in the process of phacoemulsification which is a type of endoscopic surgery. In this surgery, the lens capsule containing the eye lens is extracted from its socket with the help of surgical tools and then replaced with another tool to reshape it according to surgeon’s requirement. This procedure also helps in correcting refractive errors and cataract cases.
Application Insights:
Based on application, the global market is segmented into hospital, clinic and others. The hospital segment dominated the overall market in terms of revenue in 2017 owing to increasing phacoemulsification procedures for cataract surgery at hospitals. In addition, growing awareness about these devices among surgeons and rising number of centers offering this procedure are also factors contributing to its dominance over the forecast period.
The clinic segment is expected to witness significant growth during the forecast period due to an increase in demand for advanced treatment options other than cataract surgery at clinics or ophthalmic surgical centers that offer Phacoemulsification System (PES). Moreover, companies such as Alcon have been working toward improving their product line by developing new products with enhanced features such as 3D vision therapy equipment that helps patients see better after refractive surgery. This will further boost industry growth during the study period.
The Others application category includes optical shops.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to increasing R&D investments by key players, rising number of product launches, and high adoption rate of technologically advanced devices. In addition, growing healthcare infrastructure and supportive reimbursement policies are expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to improving healthcare facilities & infrastructure in emerging countries such as India & China and growing medical tourism industry supported by low cost treatment rates offered by these facilities.
Growth Factors:
- Technological advancements in phacoemulsification systems that offer enhanced performance and safety features.
- Increasing prevalence of cataract and other eye disorders that is expected to drive the demand for phacoemulsification systems.
- Rising geriatric population base across the globe that is more susceptible to developing age-related eye disorders such as cataract, which would subsequently boost the demand for phacoemulsification systems.
- Growing preference for minimally invasive surgical procedures over traditional surgeries, which is anticipated to fuel the growth of the global Phacoemulsification Systems market during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Phacoemulsification Systems Market Research Report
By Type
Ophthalmic Viscoelastic Device (OVD), Phacoemulsification Equipment, Others
By Application
Hospital, Clinic, Others
By Companies
ALCON, AMO (Abbott), Bausch + Lomb, HOYA, CARL Zeiss, Ophtec, Rayner, STAAR, Lenstec, HumanOptics, ALCON, Omni Lens, Aurolab, SAV-IOL, Eagle Optics
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
219
Number of Tables & Figures
154
Customization Available
Yes, the report can be customized as per your need.
Global Phacoemulsification Systems Market Report Segments:
The global Phacoemulsification Systems market is segmented on the basis of:
Types
Ophthalmic Viscoelastic Device (OVD), Phacoemulsification Equipment, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Clinic, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ALCON
- AMO (Abbott)
- Bausch + Lomb
- HOYA
- CARL Zeiss
- Ophtec
- Rayner
- STAAR
- Lenstec
- HumanOptics
- ALCON
- Omni Lens
- Aurolab
- SAV-IOL
- Eagle Optics
Highlights of The Phacoemulsification Systems Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Ophthalmic Viscoelastic Device (OVD)
- Phacoemulsification Equipment
- Others
- By Application:
- Hospital
- Clinic
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Phacoemulsification Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Phacoemulsification systems are medical devices that use high-pressure water and a surfactant to break down the gel that forms during phacoemulsification. This allows the surgeon to create smaller, more easily removed emulsions.
Some of the major companies in the phacoemulsification systems market are ALCON, AMO (Abbott), Bausch + Lomb, HOYA, CARL Zeiss, Ophtec, Rayner, STAAR, Lenstec, HumanOptics, ALCON, Omni Lens, Aurolab, SAV-IOL, Eagle Optics.
The phacoemulsification systems market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Phacoemulsification Systems Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Phacoemulsification Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Phacoemulsification Systems Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Phacoemulsification Systems Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Phacoemulsification Systems Market Size & Forecast, 2020-2028
4.5.1 Phacoemulsification Systems Market Size and Y-o-Y Growth
4.5.2 Phacoemulsification Systems Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Ophthalmic Viscoelastic Device (OVD)
5.2.2 Phacoemulsification Equipment
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Clinic
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Phacoemulsification Systems Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Phacoemulsification Systems Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Ophthalmic Viscoelastic Device (OVD)
9.6.2 Phacoemulsification Equipment
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Clinic
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Ophthalmic Viscoelastic Device (OVD)
10.6.2 Phacoemulsification Equipment
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Clinic
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Ophthalmic Viscoelastic Device (OVD)
11.6.2 Phacoemulsification Equipment
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Clinic
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Ophthalmic Viscoelastic Device (OVD)
12.6.2 Phacoemulsification Equipment
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Clinic
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Ophthalmic Viscoelastic Device (OVD)
13.6.2 Phacoemulsification Equipment
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Clinic
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Phacoemulsification Systems Market: Competitive Dashboard
14.2 Global Phacoemulsification Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ALCON
14.3.2 AMO (Abbott)
14.3.3 Bausch + Lomb
14.3.4 HOYA
14.3.5 CARL Zeiss
14.3.6 Ophtec
14.3.7 Rayner
14.3.8 STAAR
14.3.9 Lenstec
14.3.10 HumanOptics
14.3.11 ALCON
14.3.12 Omni Lens
14.3.13 Aurolab
14.3.14 SAV-IOL
14.3.15 Eagle Optics
