Latin America Intraocular Lens Market to Flourish with an Impressive CAGR During 2017 - 2022
Added: (Mon Feb 12 2018)
Pressbox (Press Release) -
The Latin America Intraocular Lens Market is worth USD xx million in 2017 and estimated to grow at a CAGR of xx.xx%, to reach USD xx million by 2022. The Latin America Intraocular Lens market is developing at an exceptionally quick pace.
Intraocular lens (IOL) is a lens implanted in the eye for cataracts or myopia treatment. The most common type of IOL is the pseudophakic IOL and is implanted during cataract surgery, after the cloudy eye's natural lens (colloquially called a cataract) has been removed. This provides the same light focusing function as the natural crystalline lens. The other type of IOL is a phakic intraocular lens (PIOL), which is a lens which is placed over the existing natural lens, and is used in refractive surgery to change the eye's optical power as a treatment for myopia, or nearsightedness.
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Increase in geriatric population vulnerable to ocular conditions, growing prevalence of cataract, and increase in initiatives taken by government to eliminate avoidable blindness are the major factors driving the market. However, unfavorable reimbursement policies and complications such as refractive errors are expected to be a major constraint.
The Latin America Intraocular Lens market is segmented on the basis of Material, Type, End User and region. Based on Material the market is segmented into Polymethylmethacrylate (PMMA), Silicone and Hydrophobic Acrylic. Based on Type the market is segmented into Monofocal Intraocular Lens and Premium Intraocular Lens. Premium Intraocular Lens is further segmented into Toric Intraocular Lens, Multifocal Intraocular Lens, and Accommodating Intraocular Lens. Based on End User the market is segmented into Hospitals, Ophthalmology Clinics, Eye Research Institutes and Ambulatory Surgical Centers.
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On the basis of geography, the Latin America Intraocular Lens industry can be segmented into Brazil,Mexico,Chile, Argentina and others. The rising focus of key players on enhancing their market presence across the globe is estimated to encourage the growth of the market in the Latin America regions.
Johnson & Johnson, Valeant, Carl Zeiss Meditec AG, Rayner, Alcon, Inc. (division of Novartis AG), EyeKon Medical, Inc., Lenstec, Inc., HumanOptics AG, STAAR Surgical, PhysIOL s.a., Calhoun Vision Center, and Oculentis GmBH are the key players in the Latin America Intraocular Lens market.
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