Intraocular Lens (IOL) Market Key Growth Drivers Developments and Innovations By 2022
“The factors that are playing a major role in the growth of Intraocular Lens (IOL) Market are rising occurrence of eye diseases & diabetes among the populace, governments’ initiatives of funding treatment of blindness, increasing use of enhanced technology for the treatment, and rise in geriatric population, and age-related eye disorders across the globe.”
The Intraocular Lens (IOL) Market is estimated to grow at a significant CAGR over the forecast period as the scope and its applications are rising enormously across the globe. Intraocular Lens (IOL) is a medical device used to replace the eye’s natural lens after cataract or myopia surgery. It is also used during vision correction surgery called refractive lens exchange. Acrylic and silicone material is used in the formation of IOLs. The commonly used IOL is pseudophakic IOL and phakic IOL. The factors that are playing a major role in the growth of Intraocular Lens (IOL) Market are rising occurrence of eye diseases & diabetes among the populace, governments’ initiatives of funding treatment of blindness, increasing use of enhanced technology for the treatment, and rise in geriatric population, and age-related eye disorders across the globe. However, lack of awareness regarding eye disorders and low accessibility to eye care in developing countries may restrain overall market growth in the years to come. Intraocular Lens (IOL) Market is segmented based on type, material, end-user, and region. Phakic IOL, Traditional/ Monofocal IOL, Premium IOL, and the other types could be explored in Intraocular Lens (IOL) in the forecast period. Traditional/ Monofocal IOLs sector comprise spheric and aspheric monofocal IOL. Whereas, Premium IOLs comprise an extended depth of focus IOLs, multifocal IOLs, and accommodating IOL. The Monofocal IOLs sector accounted for the significant market share of Intraocular Lens (IOL) and is estimated to continue its dominance in the years to come. This may be because it is easy to insert during surgery, produces contrast sensitive optical image for patients and in comparison with other IOLs, it persuades less to zero aspheric aberration. Browse Full Research Report @ https://www.millioninsights.com/industry-reports/intraocular-lens-iol-market