Global Intraocular Lenses Market Size, Share Application by Analysis and Forecast to 2022

The Global Intraocular Lenses Market are expected to display prospective growth at rising CAGR in forthcoming period. Cataract is clouding of the eye lens and is also a leading cause of blindness. Intraocular lens is a synthetic artificial lens that replaces natural lens of the eye. The types of intraocular eye lenses available vary according to budget considerations. The lenses include monofocal lenses, tronic intraocular lenses, multifocal intraocular lenses and accommodative intraocular eye lenses.

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Technical advances such as micro-incision in cataract surgery and femto second lasers for cataract surgery could prevail in influencing growth in intraocular lenses market. A prevailing trend being adopted in intraocular lenses industry is multi-distance viewing. Growing incidence of cataract and untreated medical needs in emerging and underdeveloped economies serve as two important growth drivers to market. High incidences of post-surgical complications including refractive errors limit growth of industry.

Aging leads to cataract which primarily causes the intraocular lenses to display high growth in markets. The second growth factor being adoption of premium IOL’s. US is displaying high growth because of increasing aging population, adoption of premium IOLs, beneficial reimbursements for cataract operations and growing expenditure on healthcare.

Advanced products have serious cost limitations associated with it and are growing market limiters to the Intraocular Lenses Industry Growth. Failure in providing reimbursement cover to intraocular lens is a major challenge to market growth. Segmentation of market by type includes monofocal IOL, multifocal IOL, toric IOL, and accommodative IOL.

Segmentation of intraocular lenses market by geographic region includes North America, Europe, Asia pacific, MEA and Latin America. Asia pacific is also displaying high growth in intraocular lenses industry because of large customer base and increased government funding. The key market players in the intraocular lenses market include Abbott Medical Optics Ltd., Alcon Inc., Bausch and Lomb, Inc., Carl Zeiss Meditec AG, Hoya Corporation, Rayner Intraocular Lenses limited, Eurocrystal SAand STAAR Surgical Company.

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