Published Date: 2020-02-24 | Pages: 117 | Tables: 144 | Report ID: 7637 | Industry: Life Science | Format :
With the growing aging population, Presbyopia is becoming the most common refractive error as it is affecting billions of people across the globe. This scenario is increasing the demand for spectacle independence in this population group. Demand for Presbyopia Correction Devices is expected to spur in the years to come, as per the analysts.
Companies to develop Advanced Technology Devices in Future
Some of the key companies operating in the market include AcuFocus, Revision Optics (Closed in Feb 2018), Refocus, and Presbia. Companies are developing novel products so as to offer the physicians wide range of choices for the specific usage. Also, they are entering into collaborations and partnerships so as to develop advanced devices and serve the patients better.
Advanced Research Technology to Play a Significant Role in Market Growth
Development of advanced research technology to provide highest level of vision is likely to play a significant role in the presbyopia correction device industry growth. Also, growth of the marketing channels and increasing awareness regarding the availability of vision treatments and devices will contribute significantly to the market growth. Increasing research and development activities by the manufacturers on presbyopia correction will positively impact the growth.
By Product Type
· Scleral Implants
· Corneal Inlays
· Age 40-50
· Age 50-65
· Age above 65
The analysts have predicted that the demand for Corneal Inlays is increasing among the population as they are considered a favorable option in correcting presbyopia and they offer benefits including removal and repositioning abilities. Moreover, the risks associated with intraocular procedures are lower as the process is restricted to the cornea. People aged 50-65 are expected to create robust demand for Presbyopia Correction Devices, thus contributing significantly to the overall market size.
Adoption of advanced technology for the vision treatment is likely to give North America an upper hand over other regions. Also, strong presence of manufacturers in this region is positively impacting the Presbyopia Correction Devices market growth. As per the analysts, the APAC region will create rewarding prospects for the manufacturers on the back of increasing presbyopia cases in the developing countries, which is likely to fuel the demand for vision treatment.
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