05.16.19

Novel Approaches to Cataract Surgery are Challenging Phaco; Cost May Determine Their Success

Source: Market Scope

Ultrasonic phacoemulsification (USP) has been the dominant method of cataract surgery globally over the past half century, but novel alternative approaches are attempting to improve or replace it, according to a Market Scope report.

These include robotic cataract machines, ultrasonic-less cataract systems, machines that combine USP with femtosecond laser-assisted cataract surgery (FLACS), micro-interventional devices, and automated cataract capsulotomy systems.

The newly published “2019 Cataract Surgical Equipment Market Report” evaluates each of these technologies in depth, as well as recent enhancements to USP designed to increase its market share. 

For the first time, the new 2019 report does a deep dive into the cost of USP in the different regions of the world. Market Scope sees this analysis as critical because any new proposed solution to cataract surgery will meet with stiff resistance if it increases the cost of cataract surgery.

Market Scope forecasts that more than 19 million USP procedures will be performed globally in 2019, and dedicated packs and accessories will make up more than 72 percent of the nearly $1.7 billion in global cataract equipment revenues.

Robust revenues are expected through 2024 due to the increasing adoption of USP machines in the emerging markets of China, India, and other fast-developing nations. This is significantly expanding the global installed base of USP machines, which continues to drive growth in machine-dedicated packs and accessories.

The report also looks carefully at the future of FLACS. FLACS laser sales have declined over the past several years, while procedure volume has continued to grow. The report addresses needed improvements in the technology and changes to the business model to increase market penetration beyond its current limited segment. Market Scope also evaluates the FLACS technologies in development today, and we project which will be developed over the next five years to reinvigorate growth.

The US, Western Europe, and Japan currently are expected to account for two-thirds of global revenues in 2019, but emerging markets, especially China, India, and portions of Latin America, are projected to see robust IOL growth over the next 5 years.

More than 30 companies offer cataract equipment products, but the market has been dominated by three large participants, each with broad product lines and direct global sales coverage in major markets.

Market Scope’s “2019 Cataract Surgical Equipment Market Report: A Global Analysis for 2018 to 2024” was published in May. For more information, please visit market-scope.com or contact Matthew Douty at matthew@market-scope.com.

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