Phacoemulsification Devices Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product Type (Devices, Accessories) By Technology (Manually Operated Inhalers, Digitally Operated Inhalers), By Distribution Channel (Hospitals, Ophthalmic Clinics, Others, and Region Forecast 2020-2031

Phacoemulsification Devices Market size was valued at US$ 374 million by 2023 growing at a CAGR of 4.3% from 2024 to 2030. Phacoemulsification is a cataract surgical procedure in which the internal lens of the eye is emulsified. The procedure is carried out by performing incisions in the eye to allow the surgical instruments. Two small incisions are made in the eye where the clear front covering of the eye (Cornea) meets the sclera. A circular opening is made in the front part of lens capsule. A surgical instrument (phaco probe) is inserted into the eye.

The lens is broken and is removed, the surgeon uses suction in order to remove the pieces of the lens. The popularity of phacoemulsification technology has risen dramatically as a result of technological improvements that have increased its efficiency and safety. The success of this method is due to the development of viscoelastic agents combined with contemporary phacoemulsification processes. The incidence of both postoperative and intraoperative capsular problems has decreased as a result of improved surgical procedures for removing anterior lens capsules.

Furthermore, nucleus removal is now performed in the posterior chamber rather than the anterior chamber, resulting in less injury to the corneal endothelium. During the projected period, the market is expected to grow at a significant rate. The benefits associated with phacoemulsification devices, including as smaller incisions, quick recovery, no need for hospitalisation, fewer intraoperative and postoperative problems, and early visual rehabilitation, have contributed to the market's rise. Furthermore, the high popularity of the phacoemulsification procedure for the surgical removal of cataracts is due to no restrictions on regular activities and less caused astigmatism due to a smaller incision.