Market Overview:
The global phacoemulsifier market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing prevalence of cataract, technological advancements in phacoemulsification devices, and rising demand for minimally invasive surgeries. Based on type, the global phacoemulsifier market is segmented into single function and multifunctional devices. The single function segment dominated the global market in 2017 and is expected to maintain its dominance during the forecast period. This can be attributed to the growing preference for low-cost devices among surgeons and patients. However, multifunctional devices are expected to witness higher growth rates owing to their ability to offer multiple functions such as aspiration, irrigation, emulsification, and chop mode within a single device. Based on application, hospitals accounted for majority of the share in 2017 and are anticipated to maintain their dominance during the forecast period as well owing high adoption rates across regions coupled with increasing number of surgical procedures being performed annually worldwide.
Product Definition:
A phacoemulsifier is a device used to break up and remove cataracts from the eye. Importance of Phacoemulsifier: A phacoemulsifier is an important tool in modern cataract surgery. It helps to break up the cataract into small pieces that can be more easily removed from the eye.
Single Function:
Single-function (SFE) emulsifiers are used in the formulation of intraocular lens (IOL), as they help to obtain improved optical clarity and reduce astigmatism. They also help to decrease the overall complexity of the IOL, by simplifying its design.
Multifunction:
Multifunction is a device used in phacoemulsification process. It helps to combine and separate the functions of micro-platform, handle, and scope. It also provides visualization aid during procedures. The multifunction devices are classified into two types based on their size; large-sized multifunctions & small-sized multifunctions.
Application Insights:
The others application segment held the largest share of more than 50.0% in 2017. The major applications of phacoemulsifiers include ophthalmic and hospital care, wherein the product is used for cataract surgery, refractive surgery, glaucoma drainage procedures and other surgical treatments involving the eye. In addition to this, increasing usage of these products in various ophthalmic surgeries such as cataract extraction or lens replacement procedures is expected to drive market growth over the forecast period.
Phacoemulsifiers are also used for corneal ulcers treatment and endothelialization processes; however, their use is limited to certain conditions only due to its high risk nature during surgical operations on eyes.
Regional Analysis:
North America dominated the global phacoemulsifier market in 2017. The increasing prevalence of cataract, rising geriatric population, and high adoption rate of modern ophthalmic care facilities are some factors responsible for its largest share. In addition, presence of key players such as Bausch & Lomb and Allergan is also expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to be one of the fastest-growing regions during the forecast period owing to a large patient pool with unmet needs in terms of access to eye care services coupled with rapidly improving healthcare infrastructure in emerging countries such as China and India. Moreover, growing medical tourism industry due to availability of advanced treatments at affordable costs will further boost demand for emulsifiers over the coming years.
Growth Factors:
- Increasing prevalence of cataract and other eye disorders: The increasing prevalence of cataract and other eye disorders is one of the key growth drivers for the global phacoemulsifier market. According to a study by The World Health Organization (WHO), it is estimated that around 20 million people are blind due to various causes, out of which around 90% can be treated with surgery. This is expected to create a high demand for phacoemulsifiers in the coming years.
- Rising geriatric population: Another major factor driving the growth of the global phacoemulsifier market is the rising geriatric population across the world. With an increase in life expectancy, there has been a corresponding rise in age-related eye diseases such as cataracts, glaucoma, and macular degeneration. This is expected to result in an increased demand for phacoemulsifiers over the next few years.
- Technological advancements: The technological advancements taking place in this field are also propelling market growth significantly. For instance, newer generation devices such as femtosecond lasers are being introduced that offer better outcomes than traditional devices used for performing surgeries such as Phaco chop or Phaco pulse mode emulsification techniques .This is likely to boost adoption rates among surgeons and patients alike over time thereby fuelling market expansion further..
Scope Of The Report
Report Attributes
Report Details
Report Title
Phacoemulsifier Market Research Report
By Type
Single Function, Multifunction
By Application
Hospital, Eye Clinic, Others
By Companies
Alcon, Bausch + Lomb, Carl Zeiss Meditec, iVIS Technologies, Johnson & Johnson Vision, NIDEK, OPTIKON
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
141
Number of Tables & Figures
99
Customization Available
Yes, the report can be customized as per your need.
Global Phacoemulsifier Market Report Segments:
The global Phacoemulsifier market is segmented on the basis of:
Types
Single Function, Multifunction
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, Eye 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
- Bausch + Lomb
- Carl Zeiss Meditec
- iVIS Technologies
- Johnson & Johnson Vision
- NIDEK
- OPTIKON
Highlights of The Phacoemulsifier 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:
- Single Function
- Multifunction
- By Application:
- Hospital
- Eye 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 Phacoemulsifier 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.
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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?
A phacoemulsifier is a type of emulsifier that helps to create a smooth, creamy texture when mixing ingredients together. This is important because it allows the surgeon to inject the medication more easily and reduces the risk of irritation or inflammation.
Some of the major companies in the phacoemulsifier market are Alcon, Bausch + Lomb, Carl Zeiss Meditec, iVIS Technologies, Johnson & Johnson Vision, NIDEK, OPTIKON.
The phacoemulsifier market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Phacoemulsifier 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 Phacoemulsifier Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Phacoemulsifier 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 Phacoemulsifier 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 Phacoemulsifier Market Size & Forecast, 2018-2028
4.5.1 Phacoemulsifier Market Size and Y-o-Y Growth
4.5.2 Phacoemulsifier Market Absolute $ Opportunity
Chapter 5 Global Phacoemulsifier 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 Phacoemulsifier Market Size Forecast by Type
5.2.1 Single Function
5.2.2 Multifunction
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Phacoemulsifier 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 Phacoemulsifier Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Eye Clinic
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Phacoemulsifier 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 Phacoemulsifier 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 Phacoemulsifier Analysis and Forecast
9.1 Introduction
9.2 North America Phacoemulsifier 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 Phacoemulsifier Market Size Forecast by Type
9.6.1 Single Function
9.6.2 Multifunction
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 Phacoemulsifier Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Eye 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 Phacoemulsifier Analysis and Forecast
10.1 Introduction
10.2 Europe Phacoemulsifier 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 Phacoemulsifier Market Size Forecast by Type
10.6.1 Single Function
10.6.2 Multifunction
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 Phacoemulsifier Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Eye 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 Phacoemulsifier Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Phacoemulsifier 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 Phacoemulsifier Market Size Forecast by Type
11.6.1 Single Function
11.6.2 Multifunction
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 Phacoemulsifier Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Eye 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 Phacoemulsifier Analysis and Forecast
12.1 Introduction
12.2 Latin America Phacoemulsifier 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 Phacoemulsifier Market Size Forecast by Type
12.6.1 Single Function
12.6.2 Multifunction
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 Phacoemulsifier Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Eye 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) Phacoemulsifier Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Phacoemulsifier 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) Phacoemulsifier Market Size Forecast by Type
13.6.1 Single Function
13.6.2 Multifunction
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) Phacoemulsifier Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Eye 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 Phacoemulsifier Market: Competitive Dashboard
14.2 Global Phacoemulsifier Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Alcon
14.3.2 Bausch + Lomb
14.3.3 Carl Zeiss Meditec
14.3.4 iVIS Technologies
14.3.5 Johnson & Johnson Vision
14.3.6 NIDEK
14.3.7 OPTIKON
