Cataract surgeries performed in South Korea have exhibited a steady increase from 865.2 units per hundred thousand persons in 2013 to 1720.0 units in 2023, reflecting a strong year-on-year growth trend, with notable surges in specific years, such as a sharp 16.1% rise in 2019. The annual growth rate over the last five years (2019-2023) has averaged at a CAGR of 8.46%.
Year-on-year variations show consistent growth, with recent years (2021-2023) having significant increases, culminating in a 6.99% rise in 2023. The forecast for the upcoming years suggests a continued upward trajectory, with a five-year CAGR of 4.41%, projecting a value of 2280.0 units per hundred thousand persons by 2028. The overall forecasted growth rate over the next five years stands at 24.11%.
Future trends to watch for include advancements in surgical techniques and technology, government health initiatives, and demographic changes such as an aging population which could further influence the demand for cataract surgeries.