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Intraocular Lens (IOL) Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019
Date:7/13/2014

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Geriatric population is at high risk of suffering from myopia or cataract. Thus, with rapid increase in geriatric population the global market for intraocular lens is also expected to grow. In addition, technological advancements in intraocular lens market also further accentuate the market growth. Moreover, rising adoption of premium intraocular lens such as multifocal IOLs, toric IOLs and accommodating IOLs are further accentuating the global market for intraocular lenses during the forecast period. However, high cost associated with surgical procedures for the placement of intraocular lens inside the eye might restrict the global market of intraocular lens. In addition, post operative refractive error might be a crucial concern that can pose serious threat for the demand of intraocular lens market.

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North America dominates the global intraocular lens market owing to large number of cataract surgeries performed every year. For instance, Society of Cataract and Refractive Surgery (ASCRS) estimated that around 3 million cataract surgeries are performed in the U.S. every year. In addition, government initiatives and favorable reimbursement scenario also drives the growth of intraocular lens market in North American region. Moreover, technological advancements in intraocular lens surgical procedure also further accentuates the global market for intraocular lens during the study period. Europe represents the second position in the global market of intraocular lens due to the presence of large geriatric population in European region. In
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