The Veterinary Intraocular Lenses Market report by Persistence Market Research is focusing on the fact that healthcare providers are into collection of socioeconomic information of the patients, so that tracking at any point of time is possible. This on-the-go monitoring is amongst the ongoing trends in the healthcare industry.
Veterinary intraocular lenses are artificial lenses that are implanted in the eye of the animal to get a clear vision and improve seeing ability. Veterinary intraocular lenses are used for the treatment of cataract in animals.
Lenses luxation in animals is caused by a variety of factors including glaucoma, inflammation or accidents which can be treated by veterinary intraocular lenses. Cataract in animals is as common as in humans and is caused by a variety of factors like diabetes, injuries, drugs, inflammation or nutrition, however, is mostly persistent by hereditary.
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As per the Humane Society of the United States, 79.7 million households in the U.S. in the year 2016 have one or more pet. This number rose to 84.6 million households with one or more pets in 2017.
It is estimated that this trend will continue over the forecast period and the demand for veterinary intraocular lenses will rise substantially in the future. The implantation procedure of veterinary intraocular lenses procedure has a high success rate, 85% to 90%, becoming a driver for the expansion of veterinary intraocular lenses markets from 2018-2026.
The global veterinary intraocular lenses market is expected to witness fast growth over the forecast period owing to the increasing incidences of cataracts in pets and resulting permanent disorders such as blindness, if not treated. Among indications, the cataract segment is expected to contribute the major market share in terms of revenue over the forecast period in the veterinary intraocular lenses market.
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The veterinary intraocular lenses market in APEJ is expected to grow at a significantly high CAGR due to an increase in the number of products offered by key domestic players. Europe is expected to register the second-largest share in the global veterinary intraocular lenses market throughout the forecast period owing to increased awareness about veterinary intraocular lenses among pet owners.
The global veterinary intraocular lenses market is highly fragmented owing to the presence of a large number of domestic manufacturers. Some of the key players operating in the global veterinary intraocular lenses market are Hill-Rom, Ocularvision Inc., AJL Ophthalmic S.A., I-Med Animal Health, Bausch & Lomb Incorporated, Biotech, Menicon Co., Ltd., CRISTALENSES, Keragenix Mastel, Inc. and Excellent Hi-Care Pvt Ltd amongst others.
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