PUBLISHER: Grand View Research | PRODUCT CODE: 1869600
PUBLISHER: Grand View Research | PRODUCT CODE: 1869600
The global cataract surgery devices market size was estimated at USD 7.13 billion in 2024 and is projected to reach USD 11.71 billion by 2033, growing at a CAGR of 5.68% from 2025 to 2033. This growth is attributed to improved access to healthcare services, technological innovation, and the rising healthcare expenditure.
One of the major factors driving the development of this market is the rising prevalence of cataract, specifically due to the aging population. Cataract is one of the most common causes of blindness globally, rising significantly with advancing age. According to an article from the National Library of Medicine, older adults, especially those above 60 years, are most affected by age-related cataracts, often influenced by diseases like diabetes and hypertension. Furthermore, the aging population has added more than 183 million cases of vision loss, making cataracts a growing public health challenge. This demographic trend will accelerate demand for cataract surgeries and advanced surgical devices.
Over a very short period, technological improvements have changed surgical techniques and devices dramatically. The use of femtosecond laser-assisted cataract surgery (FLACS), advanced intraocular lenses (multifocal, toric, and EDOF), optical coherence tomography (OCT) imaging, improved phacoemulsification systems, and real-time intraoperative aberrometry has played a big part in accomplishing surgical accuracy, safety, and patient outcomes to a great extent. These new technologies help prevent unwanted side effects, allow for smaller incisions, and give the surgeon a more precise intraocular lens, leading to faster recovery and better vision correction. As a result, the choice of surgeons and patients is gradually turning towards these advanced procedures; thus, the worldwide use of modern cataract surgery devices is increasing.
In recent years, there has been a considerable shift to outpatient and ambulatory surgical centers (ASCs). These centers provide lower procedural costs, quicker patient flow, and improved accessibility, making them highly attractive for cataract surgeries. For example, Unifeye Vision Partners took over Insight Vision Group in 2023, the latter consisting of two multi-specialty ASCs in California, representing the trend of the industry to expand outpatient care facilities. The demand for the development of suitable surgical devices for outpatient settings will increase as more cataract surgeries are performed in ASCs, resulting in further growth of the cataract surgery devices industry.
Global Cataract Surgery Devices Market Report Segmentation
This report forecasts revenue growth at country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the cataract surgery devices market report on the basis of product, surgical technique, age group, comorbidity, end -se, and region: