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Global Intraocular Lens Market: Increasing Risk of Cataract Amongst Diabetic Population Driving Market Growth Steadily During 2017 – 2024

Increasing incidences of ophthalmic and ocular conditions and a rising geriatric population fuelling the global intraocular lens market growth.


Albany, NY -- (SBWIRE) -- 05/01/2018 -- A new comprehensive study based on intraocular lens titled "Intraocular Lens Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2024" has recently been submitted to the wide repository of Market Research Hub (MRH). The report provides in-depth analysis on the expansion of intraocular lens market on a global as well as regional level. The study also offers key insights of analyzing the global market current status, past trends and provides forecast growth from 2017 to 2024. For its readers, the study shares historical 2012-2017 and forecasted data for the period 2017-2024 related to market size and volume analysis of the global market.

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Key Insights from the Study

It is well-known that intraocular lens implant is the most common artificial replacement for the lens of an eye. In this process, the natural lens of the eye may be surgically removed due to cataract. Presently, there is an increasing demand for intraocular lenses and this is mainly because of increasing prevalence and incidence of cataracts and other age-related eye disorder. As per the research prime findings, the global intraocular lens market was valued at US$ 3553.4 Mn in 2017 and is slated to reach a valuation of US$ 5069.5 Mn in 2024 end, displaying a CAGR of 5.2% during the period of assessment 2017-2024.

In the initial section, the report begins with an executive summary containing key information including the market overview, market analysis along with the range of market-related data. In addition, drivers, restraints, and opportunities mentioned in the report are explained through quantitative and qualitative data. The research also throws lights on some of another factor responsible for a steady growth of the global intraocular lens market, such as the increasing risk of cataracts among diabetic population. Besides, there are increasing technological advancements in the premium intraocular lens segment, boosting the growth of this market.

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Moreover, the research also includes geographical analysis in order to provide a comprehensive view of the market. The global intraocular lens market is divided into key regions which are North America, Latin America, Japan, Europe, Asia Pacific and Middle East & Africa. The global intraocular lens market has been segmented on the basis of product type, and end users. Various types of intraocular lenses are available for treatment of cataracts such as monofocal IOL, multifocal IOL, toric, accommodative IOL, and other IOL's such as light filtering IOL's, Phakic, aspheric IOL's among others. Furthermore, on the basis of end users, the global intraocular lens market has been classified as hospitals, ophthalmology clinics, ambulatory surgery centers, and eye research institutes.

Another vital section of the report is competitive landscape which mentions that Alcon (Novartis AG), Abbott Medical Optics, and Bausch & Lomb, Inc. are the top three players in the market.

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