Aging Population, Increasing Prevalence of Cataract & Rising Adoption of Premium IOLs Drive Growth in the Global Intraocular Lenses Market
The global Intraocular Lenses market is projected to reach US$5.7 billion by 2024 , driven by aging population, rising prevalence of cataract and other vision impairment problems specifically in developing economies of the world. The rising adoption of advanced and high cost premium IOLs is also expect to propel growth. Ophthalmic and ocular disorders including cataract have emerged as a major burden on the economy and healthcare systems of countries across the world, bringing forth the need for developing effective treatment approaches to prevent avoidable blindness. One treatment method that is growing in popularity involves the use of intraocular lens (IOLs). A small artificial device, IOL is implanted into the eye as a replacement for natural lens of the eye following cataract or other vision correction surgeries. The use of IOLs is advantageous for both surgeons and patients. While individuals benefit from the enhanced refractive stability and improved vision offered by IOL...