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The ophthalmology surgical devices market size is forecast to increase by USD 2.81 billion at a CAGR of 5.21% between 2023 and 2028. The market is witnessing significant growth due to the increasing prevalence of ophthalmic diseases such as cataracts, glaucoma, and severe visual impairment. The market is also driven by strategic collaborations and mergers and acquisitions among companies, leading to the development of advanced cataract surgery devices, including phacoemulsification (phaco) systems and SmartCataract solutions. However, unfavorable reimbursement policies pose a challenge to market growth. To address this, some companies are exploring virtual reality options and portable VR tools to enhance the training experience for cataract surgeons-in-training, thereby improving surgical outcomes. A recent clinical study on the use of virtual reality in ophthalmic surgery showed promising results, indicating a potential trend in this area. Despite these opportunities, the high costs associated with these advanced technologies remain a significant challenge.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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