Intraocular Lens (IOL) Market Witnessing Huge Growth During Forecast Period 2018-2025 : Grand View Research Inc.
San Francisco, 4 March 2019: The Report Intraocular Lens (IOL) Market Analysis By Product (Monofocal, Multifocal, Toric, and Accommodative), By End User, By Region, And Segment Forecasts, 2018 – 2025 The global Intraocular Lens (IOL) Market is expected to reach USD 5.54 billion by 2025, according to a new report by Grand View Research, Inc. Factors such as rise in prevalence of cataract, increasing aging population with high risk of developing ocular conditions, and government initiatives focused on reducing instances of preventable blindness are expected to drive the market. Benefits of premium lenses such as enhanced visualization and patient convenience are boosting their adoption globally, thereby propelling the IOLs market. However, factors such as poor reimbursement schemes for premium lenses and high post-treatment costs are challenging market growth. Rise in diabetic population has a direct and positive impact on the demand for IOLs as these patients are more susceptibl