Near Vision Devices Market is Driven by Increasing Geriatric Population Prone to Ophthalmic Disease
Many of the surgeons use a laser to make a lappet on a cornea in order to implant near vision device. Presbyopia occurs in people aged between 40 to 50 years that results in difficulty with near vision. The growing prevalence of presbyopia has propelled the use of near vision devices owing to the ease of usage and effectiveness compared to cataract surgery. According to Medscape, around 14% of people of 80 million presbyopia patients develops from emmetropic presbyopia.
Download Report Brochure @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=16253
Currently, there are only two near vision devices are approved by FDA i.e. Raindrop Near Vision Inlay and KAMRA inlay. AcuFocus manufactured Kamra Inlay was the first implantable near vision device approved by FDA in April 2015. Now the devices are commercially available in around 50 countries across the globe. Similar, ReVision Optics manufactured Raindrop Near Vision Inlay was approved in June 2016 and is commercially available in the U.S.
Apart from these two; there are many vision care products manufacturers looking forward to develop implantable near vision devices. For example, Presbia PLC, an Ireland-based manufacturer has designed innovative corneal inlay i.e. flexivue microlens for the correction of presbyopia. The specialty of this devices is that it can be removed and replaced with a higher or lower power according to requirement. The devices did not receive FDA approval; however, it received CE mark for commercialization in European countries.
The growth of the global near vision devices market is driven by increasing geriatric population prone to ophthalmic disease, growing prevalence of presbyopia and technological advancement in the healthcare industry. Similarly, sedentary lifestyle and increased usage of computer, television viewing would contribute towards the growth of near vision devices globally.
Request for TOC @ https://www.transparencymarketresearch.com/sample/sample.php?flag=T&rep_id=16253
Moreover, with the increase in the disposable income levels and health consciousness among the general population, the adoption of near vision device is expected the boost in the near future. Despite several advantages, the devices have few drawback such as, it cannot be used by patients with severe dry eye and active eye infection, the use of devices can lead to a risk of eye infection and inflammation, and can cause a decrease in distance vision.
Geographically, North America occupies the substantially larger market share, which is followed by Europe. The high attentiveness level in this region will lead the increasing adoption of implantable near vision devices. According to the American Academy of Ophthalmology, one of 5 American use reading glasses, which depicts the huge need for implantable near vision devices in North America.
Moreover, it has been estimated that around 2.1 billion people are expected to suffer from an eye disease known as presbyopic by 2020. However, in the case of emerging economies, affordability has become a restraining factor for implantable near vision devices in, Asia Pacific and Latin America. Similarly, increase in disposable income, rising aging population, and growing awareness level are some of the key factors driving the global implantable near vision devices market.
Obtain Report Details @ https://www.transparencymarketresearch.com/near-vision-devices-market.html
The Asian market is expected to witness entry of the higher number of new players compared to those in developed regions. Some of the top players in the global near vision devices market are AcuFocus, Presbia PLC, ReVision Optics, etc.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Near Vision Devices Market is Driven by Increasing Geriatric Population Prone to Ophthalmic Disease here
News-ID: 996559 • Views: 290
More Releases from Transparency Market Research
Wearable EEG Devices Market: Growing incidences of Neurovascular Disorders is Dr …
According to new market research titled 'Wearable EEG Devices Market to 2027 - Global Analysis and Forecasts by Channel and Application.' The global wearable EEG devices market is expected to reach US$ 1,556.35 Mn in 2027 from US$ 745.05 Mn in 2018. The market is projected to grow with a CAGR of 8.7% from 2019-2027. The report provides trends prevailing in the global wearable EEG devices market and the factors
Decentralized Electricity Generation Market - Global Industry Analysis, Share, G …
Global Decentralized Electricity Generation Market: Overview With the increasing installation of smart grids and the rising number of electricity generation resources, the power generation industry has been undergoing a significant change over the recent past. The modification in the grid structure, which permits decentralization of electricity generation, is acting as the main driving force behind the substantial growth of the global market for decentralized electricity generation. The main objective of this research
Global Sucralose Market Outlook In The Developed And Emerging Industry
Sucralose Market Overview Sugar substitute market is witnessing an increasing demand driven by the increasing sales of various sugar substitutes such as natural sweeteners and artificial sweeteners. Sucralose, an artificial sweetener used as a sugar substitute is highly preferred by consumers owing to its zero calorie attribute. Though sucralose is 600 times sweeter than sugar but interestingly it is not identified as the carbohydrate by the human body. Sucralose has its
Flavored Syrup Market - Growth Powered with Latest Development Scenario & Influe …
Flavored Syrup Market Introduction Global syrup market is witnessing a significant demand generated by the food and beverage industry. Consumers' increasing preference for different and personalized flavors in food has driven the syrup manufacturers to produce a wide range of flavored syrups. Flavored syrups contain artificial or natural flavorings mixed along with sugar and water. Obtain Report Details @ https://www.transparencymarketresearch.com/flavored-syrup-market.html Increasing demand of flavored syrups especially among the consumers contributes to the
More Releases for Vision
Global Machine Vision and Vision Guided Robotics Market 2019 - Cognex, Teledyne …
The new market research study on Global Machine Vision and Vision Guided Robotics Market in-depth market analysis with specific segments such as application, regional markets, end-users, policy analysis, value chain structure, and emerging trends. The Machine Vision and Vision Guided Robotics market report makes a case for investments in particular regions based on a realistic view of their regulatory environment, manufacturing dynamics and availability of skills and resources.The report’s analysis
Dolphin’s global vision for accessibility
A UK technology company has travelled to India to share their technology for blind and low vision people with a wider audience. Dolphin Computer Access develops software to enable blind and visually impaired computer users to access technology in the same way as fully sighted users, and celebrates their 30 year anniversary this year. Over that time they have built a global network of users; from visually impaired individuals accessing computers
MVTec Presents HALCON USB3 Vision Interface and 3D Vision Technology
As of now, the new universal HALCON image acquisition interface for USB3 Vision is available. This interface will be presented by MVTec in a live demo at the SPS IPS DRIVES in November 2013 in Nuremberg. Furthermore, MVTec will showcase the 3D vision technology of HALCON 11. Key benefits of the new USB3 Vision Standard are the high bandwidth in excess of 350 MB/s and an easy-to-use plug and play
Modern Vision Innovations with the Omron FZ Vision Sensor Range
Learn the advantages of the Omron FZ Vision Sensor and Vision Sensor applications for modern automation and manufacturing. Application uses range from simple detection systems, to complete vision inspection control solutions to ensure company production lines are fault free. Vision inspection systems are used all over the world in the manufacturing and automation production processes for inspection, identification, measurement, tracking and counting to ensure quality control in many industries. Vision
MBP Today Vision and Mission
My Premier Business Today - What is the difference between someone who just merely dreams and someone who makes their dreams come true? It’s about having a dream and pursuing it with gusto until it comes to fruition! Working with us is not just about dreaming, it’s about pursuing those dreams and making them happen, no matter how big or small. Nothing is more powerful than an idea whose time has
EXECOM-Chess Joint Vision
EXECOM headquarters, Novi Sad, Serbia (November 22-23, 2007) – Working together and successfully delivering software projects, two European companies, EXECOM and Chess, have added greater value to their partnership. By presenting the company, customers’ expectations and software building process to the whole EXECOM team, Chess has shown respectably wide mindset. Outsourcing indeed requires full commitment of parties involved. “This is a great example of process improvement between business partners” said