Phacoemulsification Devices Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Phacoemulsification Devices Market covers analysis by Product ( Phacoemulsification consumables, Phacoemulsification systems ); Application ( Hospitals, Clinics, Others ), and Geography (North America, Europe, Asia Pacific, and South and Central America)

Publication Month : Mar 2024

  • Report Code : TIPRE00010721
  • Category : Medical Device
  • Status : Upcoming
  • No. of Pages : 150
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MARKET INTRODUCTION

Phacoemulsification is a method used to remove cataractous lenses. During phacoemulsification, the cataract is broken down into small pieces and removed from the eye using ultrasound-based special phaco equipment. It involves producing a small incision at the edge of the cornea to create an opening in the surrounding lens membrane. A probe is then inserted, which breaks up the affected lens into tiny fragments, which are then sucked out. Once the lens particles are removed, an intraocular lens implant (IOL) is implanted into the lens capsule. Technical advancements in the phacoemulsification technique, which have improved its efficiency and safety, have led to a dramatic increase in its popularity.

MARKET DYNAMICS

The phacoemulsification devices market is owing to a rise in the incidence of cataracts, high awareness among people about treatment options, and an increase in the geriatric population. Moreover, rise in health education initiatives about eye diseases in emerging countries prompt individuals to seek early treatment and prevent visual impairment is boosting the growth of the market in the forecast period.

MARKET SCOPE

The "Phacoemulsification Devices Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of phacoemulsification devices market with detailed market segmentation by product and application. The phacoemulsification devices market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading players in phacoemulsification devices market and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The phacoemulsification devices market is segmented on the basis of product and application. Based on product the market is segmented as phacoemulsification consumables and phacoemulsification systems. On the basis of application, the market is categorized as hospitals, clinics, others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the phacoemulsification devices market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The phacoemulsification devices market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting phacoemulsification devices market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the phacoemulsification devices market in these regions.

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MARKET PLAYERS


The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the phacoemulsification devices market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The phacoemulsification devices market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting phacoemulsification devices market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the phacoemulsification devices market in these regions.

MARKET PLAYERS

The report covers key developments in the phacoemulsification devices market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from phacoemulsification devices market are anticipated to have lucrative growth opportunities in the future with the rising demand for phacoemulsification devices in the global market. Below mentioned is the list of few companies engaged in the phacoemulsification devices market.

The report also includes the profiles of key players in phacoemulsification devices market along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.


  •   Alcon
  •   Bausch & Lomb Incorporated
  •   Carl Zeiss Meditec AG
  •   Johnson & Johnson Surgical Vision, Inc.
  •   Medical Technical Products
  •   NIDEK
  •   Novartis
  •   Oertli Instrumente AG
  •   OPTIKON
  •   PhysIOL


The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Phacoemulsification Devices Market - By Product
1.3.2 Phacoemulsification Devices Market - By Application
1.3.3 Phacoemulsification Devices Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. PHACOEMULSIFICATION DEVICES MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. PHACOEMULSIFICATION DEVICES MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. PHACOEMULSIFICATION DEVICES MARKET - GLOBAL MARKET ANALYSIS
6.1. PHACOEMULSIFICATION DEVICES - GLOBAL MARKET OVERVIEW
6.2. PHACOEMULSIFICATION DEVICES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. PHACOEMULSIFICATION DEVICES MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. PHACOEMULSIFICATION CONSUMABLES
7.3.1. Overview
7.3.2. Phacoemulsification consumables Market Forecast and Analysis
7.4. PHACOEMULSIFICATION SYSTEMS
7.4.1. Overview
7.4.2. Phacoemulsification systems Market Forecast and Analysis
8. PHACOEMULSIFICATION DEVICES MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. HOSPITALS
8.3.1. Overview
8.3.2. Hospitals Market Forecast and Analysis
8.4. CLINICS
8.4.1. Overview
8.4.2. Clinics Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. PHACOEMULSIFICATION DEVICES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Phacoemulsification Devices Market Overview
9.1.2 North America Phacoemulsification Devices Market Forecasts and Analysis
9.1.3 North America Phacoemulsification Devices Market Forecasts and Analysis - By Product
9.1.4 North America Phacoemulsification Devices Market Forecasts and Analysis - By Application
9.1.5 North America Phacoemulsification Devices Market Forecasts and Analysis - By Countries
9.1.5.1 United States Phacoemulsification Devices Market
9.1.5.1.1 United States Phacoemulsification Devices Market by Product
9.1.5.1.2 United States Phacoemulsification Devices Market by Application
9.1.5.2 Canada Phacoemulsification Devices Market
9.1.5.2.1 Canada Phacoemulsification Devices Market by Product
9.1.5.2.2 Canada Phacoemulsification Devices Market by Application
9.1.5.3 Mexico Phacoemulsification Devices Market
9.1.5.3.1 Mexico Phacoemulsification Devices Market by Product
9.1.5.3.2 Mexico Phacoemulsification Devices Market by Application
9.2. EUROPE
9.2.1 Europe Phacoemulsification Devices Market Overview
9.2.2 Europe Phacoemulsification Devices Market Forecasts and Analysis
9.2.3 Europe Phacoemulsification Devices Market Forecasts and Analysis - By Product
9.2.4 Europe Phacoemulsification Devices Market Forecasts and Analysis - By Application
9.2.5 Europe Phacoemulsification Devices Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Phacoemulsification Devices Market
9.2.5.1.1 Germany Phacoemulsification Devices Market by Product
9.2.5.1.2 Germany Phacoemulsification Devices Market by Application
9.2.5.2 France Phacoemulsification Devices Market
9.2.5.2.1 France Phacoemulsification Devices Market by Product
9.2.5.2.2 France Phacoemulsification Devices Market by Application
9.2.5.3 Italy Phacoemulsification Devices Market
9.2.5.3.1 Italy Phacoemulsification Devices Market by Product
9.2.5.3.2 Italy Phacoemulsification Devices Market by Application
9.2.5.4 Spain Phacoemulsification Devices Market
9.2.5.4.1 Spain Phacoemulsification Devices Market by Product
9.2.5.4.2 Spain Phacoemulsification Devices Market by Application
9.2.5.5 United Kingdom Phacoemulsification Devices Market
9.2.5.5.1 United Kingdom Phacoemulsification Devices Market by Product
9.2.5.5.2 United Kingdom Phacoemulsification Devices Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Phacoemulsification Devices Market Overview
9.3.2 Asia-Pacific Phacoemulsification Devices Market Forecasts and Analysis
9.3.3 Asia-Pacific Phacoemulsification Devices Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific Phacoemulsification Devices Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Phacoemulsification Devices Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Phacoemulsification Devices Market
9.3.5.1.1 Australia Phacoemulsification Devices Market by Product
9.3.5.1.2 Australia Phacoemulsification Devices Market by Application
9.3.5.2 China Phacoemulsification Devices Market
9.3.5.2.1 China Phacoemulsification Devices Market by Product
9.3.5.2.2 China Phacoemulsification Devices Market by Application
9.3.5.3 Japan Phacoemulsification Devices Market
9.3.5.3.1 Japan Phacoemulsification Devices Market by Product
9.3.5.3.2 Japan Phacoemulsification Devices Market by Application
9.3.5.4 South Korea Phacoemulsification Devices Market
9.3.5.4.1 South Korea Phacoemulsification Devices Market by Product
9.3.5.4.2 South Korea Phacoemulsification Devices Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Phacoemulsification Devices Market Overview
9.4.2 Middle East and Africa Phacoemulsification Devices Market Forecasts and Analysis
9.4.3 Middle East and Africa Phacoemulsification Devices Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa Phacoemulsification Devices Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Phacoemulsification Devices Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Phacoemulsification Devices Market
9.4.5.1.1 South Africa Phacoemulsification Devices Market by Product
9.4.5.1.2 South Africa Phacoemulsification Devices Market by Application
9.4.5.2 Saudi Arabia Phacoemulsification Devices Market
9.4.5.2.1 Saudi Arabia Phacoemulsification Devices Market by Product
9.4.5.2.2 Saudi Arabia Phacoemulsification Devices Market by Application
9.4.5.3 U.A.E Phacoemulsification Devices Market
9.4.5.3.1 U.A.E Phacoemulsification Devices Market by Product
9.4.5.3.2 U.A.E Phacoemulsification Devices Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Phacoemulsification Devices Market Overview
9.5.2 South and Central America Phacoemulsification Devices Market Forecasts and Analysis
9.5.3 South and Central America Phacoemulsification Devices Market Forecasts and Analysis - By Product
9.5.4 South and Central America Phacoemulsification Devices Market Forecasts and Analysis - By Application
9.5.5 South and Central America Phacoemulsification Devices Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Phacoemulsification Devices Market
9.5.5.1.1 Brazil Phacoemulsification Devices Market by Product
9.5.5.1.2 Brazil Phacoemulsification Devices Market by Application
9.5.5.2 Argentina Phacoemulsification Devices Market
9.5.5.2.1 Argentina Phacoemulsification Devices Market by Product
9.5.5.2.2 Argentina Phacoemulsification Devices Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. PHACOEMULSIFICATION DEVICES MARKET, KEY COMPANY PROFILES
11.1. ALCON
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BAUSCH AND LOMB INCORPORATED
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. CARL ZEISS MEDITEC AG
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. JOHNSON AND JOHNSON SURGICAL VISION, INC.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. MEDICAL TECHNICAL PRODUCTS
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. NIDEK
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. NOVARTIS
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. OERTLI INSTRUMENTE AG
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. OPTIKON
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. PHYSIOL
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies

1. Alcon
2. Bausch & Lomb Incorporated
3. Carl Zeiss Meditec AG
4. Johnson & Johnson Surgical Vision, Inc.
5. Medical Technical Products
6. NIDEK
7. Novartis
8. Oertli Instrumente AG
9. OPTIKON
10. PhysIOL

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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