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Ophthalmology

The global ophthalmology market is expected to expand at a modest pace on account of the increasing prevalence of eye related disorders such as macular degeneration, resbyopia, and diabetic retinopathy. These eye disorders are more prominent among the geriatric population, which is growing in number across the globe, thus driving the global ophthalmology market. Innovations and advancements have led to the development of sophisticated and effective ophthalmic devices, which are being used for surgeries and helping in the correction of eye related disorders. The market is met with challenges in the form of lack of insurance coverage for all types of intraocular cataract lenses (IOLs) in developed nations. In addition to this, a lack of lack of health insurance and a lack of awareness about ophthalmic disorders, among the population in developing regions is also obstructing the growth of this market. Leading players operating in the market are Essilor International, CIBA Vision Corporation, Johnson & Johnson Vision Care Inc., Bausch & Lomb Incorporated, Cooper Vision Inc.