Artificial Iris Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020-2026

NEW YORK - Feb. 5, 2020 - PRLog -- The global artificial iris market is anticipated to gain the market worth of US$ 16.28 million by 2025, expanding at a CAGR of 6.39% during the forecast period 2019-2025. The natural pupil controls the amount of light that enters the eye and people with pupil or iris abnormalities may experience glare or haloes in sunlight or bright artificial light. Patients may also feel self-conscious about the appearance of their eyes with an abnormal pupil and wish to have them corrected. A solution to these issues has emerged in the form of Artificial Iris. Adoption of the artificial iris may be driven due to the growing number of eye defects, escalating geriatric population and eye defects associated with aging and increasing demand for minimally invasive surgical procedures. However, the lack of reimbursement would act as the major limiting factor for the sale of the technology. As per the United Nations, Population aging refers to the change in the composition of a population such that there is an increase in the proportion of older persons. Growth in certain regions and countries is decelerating whereas population aging is accelerating. In 2017, there were an estimated 962 million people aged 60 or over in the world, comprising 13% of the global population. The population aged 60 or above is growing at a rate of about 3% per year. Rapid aging will occur in other parts of the world as well so that by 2050 all regions of the world except Africa will have nearly a quarter or more of their population at ages 60 and above. The number of older persons in the world is projected to be 1.4 billion in 2030 and 2.1 billion in 2050 could rise to 3.1 billion in 2100. In addition, two comprehensive Scandinavian studies have shown a prevalence of classical aniridia between 1 in 40,000 and 72,000 live births. Moreover, ocular coloboma occurred in 1 in 2077 live births.

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For Regional/country-level analysis of the overall adoption and sales of Artificial iris browse through - Artificial Iris Market (https://univdatos.com/report/artificial-iris-market-curre...)