Cataract Surgery Device Market Size

Market Size Snapshot

Note – Market size depicts the revenue generated over the financial year

The cataract surgical equipment market is expected to grow significantly in the coming years. The market is expected to reach $ 13.53 billion by 2032 from $ 9.1 billion in 2024. The compound annual growth rate (CAGR) of this market from 2025 to 2032 is 5.2%, indicating a robust demand for advanced surgical solutions. The prevalence of cataracts is increasing, mainly due to the aging of the population and the increasing prevalence of diabetes. This, coupled with technological advances in surgical devices and techniques such as femtosecond laser-assisted cataract surgery, will further drive the growth of this market. Also, the major players in the market, such as Alcon, Johnson & Johnson Vision, and Bausch + Lomb, are continuously investing in research and development to improve their product offerings. Strategic collaborations and the launch of next-generation IOLs and surgical instruments are expected to strengthen their market positions. Alcon's recent launch of the AcrySof® PanOptix® Trifocal IOL has set a new standard in cataract surgery and highlights the opportunities for growth in this market. As the industry evolves, these factors will continue to shape the landscape of cataract surgical equipment and ensure sustained momentum in the coming years.

Regional Market Size

Regional Deep Dive

The cataract surgery devices market is growing at a significant rate in various regions of the world. This growth is primarily driven by the increasing prevalence of cataracts, the growing geriatric population, and the advancements in surgical technology. In North America, the market is characterized by the high uptake of new devices and the strong presence of major manufacturers. Europe is characterized by the diverse nature of the regulatory environment and the focus on minimally invasive procedures. The Asia-Pacific region is characterized by the increasing healthcare expenditure and the rising demand for surgical procedures. The Middle East and Africa are characterized by their unique challenges, such as the lack of a proper healthcare system. Nevertheless, they are gradually adopting advanced technology. Latin America is also a key region, as it is characterized by the increasing awareness of and spending on eye care services.

Europe

• The European Union has implemented new regulations aimed at improving the safety and efficacy of medical devices, including cataract surgery devices, which is prompting manufacturers to enhance their compliance and product quality.
• Countries like Germany and France are leading in the adoption of premium IOLs, driven by a growing demand for personalized vision correction solutions, which is expected to boost the overall market in Europe.

Asia Pacific

• The Asia-Pacific region is witnessing a surge in cataract surgeries due to increasing awareness and government initiatives aimed at improving eye health, such as the 'Vision 2020' program in India.
• Local companies like Hoya Surgical Optics are expanding their product offerings and distribution networks, making advanced cataract surgery devices more accessible to a broader population.

Latin America

• Brazil is seeing a rise in public-private partnerships aimed at improving access to cataract surgeries, which is driving demand for advanced surgical devices in the region.
• Local manufacturers are increasingly collaborating with global companies to enhance their product offerings, leading to a more competitive market landscape in Latin America.

North America

• The FDA has recently approved several new cataract surgery devices, including advanced intraocular lenses (IOLs) that offer improved visual outcomes, which is expected to enhance patient satisfaction and drive market growth.
• Key players like Alcon and Johnson & Johnson Vision are investing heavily in R&D to develop innovative surgical techniques and devices, such as femtosecond laser-assisted cataract surgery, which is gaining popularity in the region.

Middle East And Africa

• In the Middle East, countries like the UAE are investing in state-of-the-art healthcare facilities and attracting international medical tourism, which is positively impacting the demand for cataract surgery devices.
• Regulatory bodies in Africa are beginning to streamline the approval processes for medical devices, which is expected to facilitate the entry of innovative cataract surgery technologies into the market.

Did You Know?

“Approximately 20 million cataract surgeries are performed globally each year, making it one of the most common surgical procedures worldwide.” — World Health Organization (WHO)

Segmental Market Size

The cataract surgical equipment segment is an important part of the ophthalmic surgical market, which is experiencing steady growth due to the increasing prevalence of cataract in the aging population. The growth is also being driven by the increasing demand for minimally invasive surgical procedures and the availability of newer surgical equipment, such as femtosecond lasers and IOLs, which are improving surgical outcomes and patient satisfaction. In addition, regulatory requirements for surgical equipment are promoting their safety and efficacy. The cataract surgical equipment market is at a relatively mature stage, with companies like Alcon, Bausch & Lomb, and Johnson & Johnson Vision leading the innovations and their widespread use in North America and Europe. The primary applications of the equipment are phacoemulsification systems and IOLs, which are used in cataract surgery. The increasing focus on outpatient procedures and the integration of telemedicine in preoperative diagnostics are boosting the growth of the market. In addition, the use of augmented reality and artificial intelligence in surgical planning and training is transforming the future of the market.

Future Outlook

From 2024 to 2032, the cataract surgical equipment market is expected to reach a CAGR of 5.2%. This growth is driven by the increasing prevalence of cataracts, which is mainly due to the aging of the population and the rising prevalence of diabetes, which is a risk factor for the development of cataracts.As the demand for effective surgical interventions increases, the penetration of advanced surgical devices such as femtosecond lasers and premium intraocular lenses (IOLs) is expected to increase.They are expected to occupy a larger share of the market because of their better results and patient satisfaction. The development of new surgical methods is expected to continue to play an important role in the future of the cataract surgical equipment market.The introduction of minimally invasive surgical techniques and the use of artificial intelligence in surgical planning and execution are expected to increase the accuracy and efficiency of cataract surgery. The favorable policy environment and increased research funding in the field of ophthalmology are also expected to favor the development of the cataract surgical equipment market. The importance of eye health in the world's health systems is expected to lead to the increased use of cataract surgical equipment, which is expected to exceed 35% in developed countries by 2032. The cataract surgical equipment market is expected to develop significantly, mainly driven by the aging of the population, technological innovation and the increasing importance of the quality of care.