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Article: Cataract Surgery Boom Will Continue. (Investments In Sight).(Brief Article)
- Article from:
- Buyside
- Article date:
- December 22, 2001
- Author:
CopyrightCOPYRIGHT 2001 M2Media360. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Cataract extraction with intraocular lens (IOL) implantation is the most common surgical procedure performed in the U.S. and most other wealthy nations. It is the main source of income for most ophthalmic surgeons and generates the most device revenues for ophthalmic companies.
In many countries, cataracts are a primary cause of blindness and go largely untreated. More than 20 million people worldwide are blinded by cataracts. Even so, more than 13 million cataracts were removed worldwide in 2000. The cataract-prone over-60 age group is projected to rise from 551 million in 1998 to more than 1.1 billion by 2025, and the number of surgeries is expected to rise as ...