Ophthalmology Surgical Devices Market 2024-2028: Size and High cost and limited reimbursements; growth driven by the Product, Some of key Companies Positioned Strategically

The ophthalmology surgical devices market size by Product (Cataract surgery devices, Glaucoma surgery devices, Refractive surgery devices, and Vitreoretinal surgery devices) and Geography (North America, Europe, Asia, and Rest of World (ROW)), is forecast to increase by USD 2806.8 million. The market is expected to grow at a CAGR of   5.21% between 2024 and 2028.

• In the field of ophthalmology, surgical devices such as advanced intra-ocular lenses (IOLs) offer enhanced benefits, including improved visual function and reduced spectacle dependency. However, the market adoption of these premium IOLs, which include astigmatism-correcting and presbyopia-correcting lenses, remains relatively low. This is primarily due to the significant cost disparities between these advanced options and standard monofocal IOLs. The average cost for a standard cataract surgery implanting a monofocal IOL without insurance coverage is approximately USD3,000 per eye. In contrast, the cost for cataract surgery with astigmatism-correcting IOLs is around USD4,000 per eye, and presbyopia-correcting IOLs can cost over USD5,000 per eye. These high costs, coupled with limited reimbursement coverage, hinder the wider adoption of these advanced ophthalmology surgical devices.
• The ophthalmology surgical devices market represents a significant business opportunity, driven by the increasing prevalence of eye diseases and the advancement of minimally invasive surgical technologies. Key players in this sector invest heavily in research and development to launch innovative products, catering to the growing demand for precision, efficiency, and patient comfort. The market is expected to grow steadily, driven by demographic trends, technological advancements, and regulatory approvals.

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Some of the Key Companies:

• AbbVie Inc.
• Alcon Inc.
• Bausch Health Companies Inc.
• Carl Zeiss AG
• Ellex Medical Lasers Ltd.
• EssilorLuxottica
• FCI Ophthalmics
• Glaukos Corp.
• Gulden Ophthalmics
• HOYA Corp.
• IRIDEX Corp.
• Johnson and Johnson Services Inc.
• Katena Products Inc.
• LENSAR Inc.
• Lumenis Be Ltd.
• Metall Zug AG
• NIDEK Co. Ltd.
• Nova Eye Medical Ltd.
• STAAR Surgical Co.
• Sterimedix Ltd.
• Topcon Corp.
• Ziemer Ophthalmic Systems AG

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