Increase in geriatric population vulnerable to ocular conditions, growing prevalence of cataract, and increase in initiatives taken by government to eliminate avoidable blindness are the major factors driving the market.
Hyderabad, India -- (SBWIRE) -- 02/27/2018 -- The intraocular lens is an artificial lens, that's implanted in the attention to update the natural lens in the course of cataract surgical procedure. A person with cataract has a cloudy lens matters with an awful colorless, blurry, and hazy, which is a leading reason for blindness globally.
Intraocular lenses are also used for refractive lens alternate, which is a vision correction surgery.
In past, the intraocular lens was not in use, a patient whose cataract has removed was needed to put on a very thick eyeglass or special touch lenses to see after the surgical operation. A diffusion of intraocular lenses is to be had and a person can pick out the best lens in step with his lifestyle or precise visual want as diverse top rate intraocular lenses were accredited by the U.S.
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The intraocular lens (IOL) marketplace is valued at 3.34 Billion in 2016 and is expected to develop at a CAGR of 5.4% in the course of the forecast period, to reach to USD 4.56 Billion through 2021.
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The advantages of the IOLs are accurate, natural vision rapidly after cataract surgical operation. They are inert and remaining for the remainder of the patients' lifestyles. They're now capable of correct for both close to or a ways vision or an aggregate of each. Astigmatism can also be corrected with IOLs due to the fact they have emerged as so properly evolved and are very secure, they're frequent as the same old of contemporary cataract surgical procedure.
Availability of advanced technologies including micro-incision cataract surgical procedure and femtosecond lasers might broaden opportunities for worldwide intraocular lens market. The fashion for worldwide intraocular lens market is multi-distance imaginative and prescient capabilities. Increasing occurrence of ophthalmic and ocular conditions, a danger of cataract among diabetic sufferers is driving the intraocular lens marketplace.
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North America rules the worldwide IOLs marketplace. Factors contributing to its dominance include rising adoption of premium intraocular lenses and growing number of sufferers from cataract in the U.S. The Asia Pacific is predicted to show off the fastest boom rate in the global IOLs market.
Some of the prominent players of the market include Johnson & Johnson, Valeant, Carl Zeiss Meditec AG, Rayner, Alcon, Inc. (division of Novartis AG), EyeKon Medical, Inc., Lenstec, Inc., HumanOptics AG, STAAR Surgical, PhysIOL s.a., Calhoun Vision Center, and Oculentis GmBH.
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