Global Intraocular Lenses Market to Reach US$4.3 Billion by 2017, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Intraocular Lenses markets. Global market for Intraocular Lenses is projected to reach $4.3 billion by 2017, driven by an aging population worldwide, recovering economic conditions, and improving healthcare services in emerging countries. Besides, continuous product innovations including the development of premium IOLs is expected to further catalyze growth in the market.

Intraocular Lenses: A Global Strategic Business Report

Follow us on LinkedIn – With the global population graying at a rapid pace, vision care is undisputedly an expanding segment of the medical industry. The segment continues to drive the market for medical devices such as intraocular lenses owing to the growing number of cataract and refractive surgeries performed every year. The market today is inundated with numerous types, and styles of Intraocular Lenses (IOLs), varying in size, and attachment mechanisms. With several new product development initiatives up their sleeves, leading players are expected to unravel a slew of new and advanced products in the upcoming years. From a technology perspective, IOLs have, over the past decade, witnessed a landmark shift from the conventional hard IOLs to foldable IOLs. Accommodative IOLs are cutting edge breed of lenses designed to offer multi-focal vision through adroit adjustment to the movement of the ciliary body in the eye. Enthused by the numerous dynamic benefits offered by silicone and acrylic, other developing regions across the world are exhibiting astounding interest in the technology variant, which is fast waning in developed markets such as the US, and Europe.

As stated by the new market research report on Intraocular Lenses, the US continues to remain the largest regional market. Cataract surgery with an IOL implant is a highly practicable solution in the US for adults over the age of 65. About 3.2 million cataract procedures are conducted annually in the US and with the number of adults over 65 years of age likely to cross 70 million by 2030, opportunities remain high in the market. Asia-Pacific represents the fastest growing and a high potential market for IOLs. The percentage of cataract occurrence is relatively high in the developing nations owing to the large population size. Besides, the market for ophthalmic products is as yet unsaturated in the region with more than three fourths of the population in need of vision correction treatments in some countries. Segment-wise, foldable IOLs have almost wiped out the hard IOL market globally. Major share of the growth in the IOL market in the future is likely to emanate from PC-IOLs and other advanced procedures, which are expected to corner greater share of the IOL market.

Major players in the marketplace include Alcon, Inc., Abbott Medical Optics, Inc., Bausch & Lomb, Inc., Carl Zeiss Meditec AG, EuroCrystal SA, HumanOptics AG, OPHTEC BV, and Staar Surgical Company.

The research report titled "Intraocular Lenses: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of trends, issues, strategic industry activities, and profiles of major companies worldwide. The report provides market estimates and projections (US$ Million) for global and regional markets including the US, Canada, Japan, Europe (France, Germany, the UK, Italy, Spain, Russia), Asia-Pacific, Latin America, and Rest of World. Key product segments analyzed include Hard Intraocular Lenses and Foldable Intraocular Lenses.

For more details about this comprehensive market research report, please visit –

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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Global Industry Analysts, Inc.
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