Indian glaucoma and cataract surgery devices market accounted for $164 million in 2016, and is expected to reach $321 million by 2023, registering a CAGR of 10.1% from 2017 to 2023. West zone is the highest contributor in the Indian glaucoma and cataract surgery devices market in 2016; however, north zone is expected to witness the highest growth rate during the forecast period.
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The key players operating in the Indian glaucoma and cataract surgery devices market include Alcon, Inc. (Novartis AG), New World Medical, Inc., Johnson & Johnson, Bausch & Lomb, Inc. (Valeant Pharmaceuticals International, Inc.), Topcon Corporation, Lumenis Ltd., Allergan plc., Carl Zeiss Meditec AG, Essilor International S.A., HAAG-Streit Holding AG, Nidek Co., Ltd., Ziemer Ophthalmic Systems AG, and Ellex Medical Lasers Ltd. Other prominent players in the value chain include Santen Pharmaceutical Co., Ltd., Abbott Laboratories, Inc., Zabbys, STAAR Surgical Company, Hoya Corporation, and Aurolab.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ https://www.alliedmarketresearch.com/request-sample/4607
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- Minimally invasive glaucoma surgery is projected to grow at the highest rate during the analysis period.
- West zone dominated Indian glaucoma and cataract surgery devices market in 2016, and is projected to continue its dominance in future.
- Phacoemulsification systems is expected to grow at the fastest pace during the forecast period.
- Glaucoma drainage devices is the largest contributor among the product segments in 2016.
- Intraocular lens generated the highest revenue, and is expected to continue its dominance in future.
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- However, in 2020, the outbreak of the COVID-19 pandemic led to have a negative impact on the growth of the Indian Glaucoma and Cataract Surgery Devices market, especially in the initial period.
- The implementation of global lockdown restricted the functioning hours of all endoscopy procedures across the world.
- In order to maintain the social distancing norms, most of the departments in the hospitals were closed and few of them were opened with limited staff.
- Nevertheless, the Indian Glaucoma and Cataract Surgery Devices market is going to get back on track with a steady pace, once the lockdown is completely over.
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๐จ๐ซ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ https://www.alliedmarketresearch.com/purchase-enquiry/4607
By end user, the hospital segment generated the highest revenue in 2016, and is set to continue its dominance throughout the forecast period. However, outpatient surgical center segment is expected to witness a high growth rate on account of the increase in the number of glaucoma laser surgeries being carried out in outpatient surgical facilities and large-scale utilization of glaucoma drainage devices such as tube shunts in these facilities.
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