Valley Cottage, NY -- (SBWire) -- 08/24/2018 --The space present in the eye between back side of iris and front side of lens is known as posterior chamber. Posterior chamber lens is a medical device which is implanted inside the eye, mostly after cataract surgery. Cataract is clouding of eye lens which leads to blurry vision. Posterior chamber lens act as either replacement or supportive lens for natural crystalline lens of eye. Mainly cataract, refractive error (ametropia) are conditions affecting eyes which require posterior chamber lenses for clear vision. Posterior chamber lenses are meant to be implanted permanently placed in between iris and lens of eye. Posterior chamber lens correct the refractive errors and blurry vision. Prevalence of blindness due to cataract is very high in developing countries due to unaffordability of surgery. Cataract is second cause of blindness worldwide.
Posterior Chamber Lens Market: Drivers and Restraints
Cataract is the most common age-related eye condition which leads to blindness if left untreated. Mostly posterior chamber lenses are used to treat cataract. World's aging population can act as a driver of posterior chamber lens market. Posterior chamber lens market is further driven by increasing prevalence of refractive error and cataract amongst the global population. In United States only 17.2% population over 40 years of age is suffering from cataract and 5.1% people have aphakia. Reduced incision size, and initiated biomaterial diversification act as driver for posterior chamber lens market. Advancement in surgery methods make it easier to use lenses which enhances growth of posterior chamber lens market. High success rate of implants after surgery with minimum invasive solution is important factor for posterior chamber lens market growth. Rising government initiatives for the eradication of blindness has driven posterior chamber lens market. With posterior chamber lens problem such as risk of secondary cataract have been minimized. Cost of surgery and lack of awareness in developing countries is the major barrier in posterior chamber lens market. Operative complications and post-operative keratitis are some of restraints in Posterior chamber lens market.
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Posterior Chamber Lens Market: Segmentation
The global posterior chamber lens market is classified on the basis of product type, material type, end user and region
Based on the product type posterior chamber lens market is segmented into following:
Monofocal posterior chamber lens
Multifocal posterior chamber lens
Accommodating posterior chamber lens
Phakic posterior chamber lens
Others
Based on material type posterior chamber lens market is segmented into following:
Polymethyl methacrylate
Foldable hydrophilic acrylic
Hydrophilic Acrylic
Silicon
Collamer
Others
Based on end user posterior chamber lens market is segmented into following:
Hospitals
Ambulatory Surgery Centers
Posterior Chamber Lens Market: Overview
Posterior chamber lens market is expected to grow significantly due to aging population and increasing incidence of cataract and refractive error. Availability of advanced method of surgery for cataract accompanied with new type of lens developed attributing to the growth of posterior chamber lens market. By product type monofocal posterior chamber lens segment is dominating posterior chamber lens market attributing to low cost and high public acceptance. By material type foldable hydrophilic acrylic is the most dominating segment in posterior chamber lens market due to comparatively easier intraoperative handling. By end user type hospitals are dominating segment due to high number of surgeries.
Posterior Chamber Lens Market: Regional Overview
On the basis of regional presence, the global posterior chamber lens market is divided into eight key regions- North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding China & Japan, China, Japan, and the Middle East & Africa. North America dominates the global posterior chamber lens market due aging population and available reimbursements. Asia Pacific posterior chamber lens market is expected show high growth with improving healthcare and emerging economies like India and China. High prevalence and growing awareness about curative treatment in developing countries expected to drive the global posterior chamber lens market.
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Posterior Chamber Lens Market: Key players
Some of the key players in the global posterior chamber lens market are Alcon, Inc., Abbott Medical Optics, Inc, Bausch & Lomb Incorporated, Carl Zeiss Meditec AG, Rayner Intraocular Lenses Limited, Eyekon Medical, Lenstec, HumanOptics AG, STAAR Surgical Company and Hoya Corporation.
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Posterior Chamber Lens Market to Witness Exponential Growth by 2028
Prevalence of blindness due to cataract is very high in developing countries due to unaffordability of surgery.