PUPIL EXPANDERS MARKET ANALYSIS

Pupil Expanders MarketSize and Trends

Pupil Expanders Market - Market Dynamics

Increasing prevalence of eye disorders and growing awareness among the population regarding eye health and safety is expected to propel growth of the market over the forecast period. According to the World Health Organization (WHO) data published in October 2018, around 1.3 billion people worldwide suffer from some form of vision impairment, annually. Moreover rising incidence of cataract is another major factor which is expected to drive the market growth over the forecast period. According to the International Journal of Advanced Medical and Health Research 2015, cataract is a major cause of blindness affecting 17-18 million people worldwide, and it accounted for 39% of overall blindness cases.

Furthermore, adoption of strategies such as product launches by market players are expected to drive the market growth over the forecast period. For instance in September 2017, FCI Ophthalmis, an ophthalmic surgical devices manufacturing company launched APX 200 Pupil Expander for dilation of constricted pupils and intraoperative floppy iris syndrome.

Market- Trends

Additionally, the growing geriatric population, which is more prone to vision-related issues such as cataracts, is expected to boost demand for pupil expanders. The global market is witnessing significant investment in research and development activities for innovative product offerings, which is likely to spur market growth. Market players are focusing on the introduction of technologically advanced products to stay competitive, which is expected to further drive the market over the forecast period.