The Global Intraocular Lenses Market are expected to display prospective growth at rising CAGR in forthcoming period. Cataract is clouding of the eye lens and is also a leading cause of blindness. Intraocular lens is a synthetic artificial lens that replaces natural lens of the eye. The types of intraocular eye lenses available vary according to budget considerations. The lenses include monofocal lenses, tronic intraocular lenses, multifocal intraocular lenses and accommodative intraocular eye lenses.
Technical advances such as micro-incision in cataract surgery and femto second lasers for cataract surgery could prevail in influencing growth in intraocular lenses market. A prevailing trend being adopted in intraocular lenses industry is multi-distance viewing. Growing incidence of cataract and untreated medical needs in emerging and underdeveloped economies serve as two important growth drivers to market. High incidences of post-surgical complications including refractive errors limit growth of industry.
Aging leads to cataract which primarily causes the intraocular lenses to display high growth in markets. The second growth factor being adoption of premium IOL’s. US is displaying high growth because of increasing aging population, adoption of premium IOLs, beneficial reimbursements for cataract operations and growing expenditure on healthcare.
Cataract is clouding of the eye lens and is also a leading cause of blindness. Drivers to growth include growing signs of ophthalmic and ocular troubles. Another growth sign is the risk of cataract accompanying diabetic patients which is a sure sign of growth for intraocular lenses market. Emerging economies hold a lot of potential for future growth in Intraocular lenses market. Innovations in toric and accommodative Intraocular lenses to engineer growth in intraocular lenses market.
Advanced products have serious cost limitations associated with it and are growing market limiters to the intraocular lenses market growth. Failure in providing reimbursement cover to intraocular lens is a major challenge to market growth. Segmentation of market by type includes monofocal IOL, multifocal IOL, toric IOL, and accommodative IOL.
Segmentation of intraocular lenses market by geographic region includes North America, Europe, Asia pacific, MEA and Latin America. Asia pacific is also displaying high growth in intraocular lenses industry because of large customer base and increased government funding. The key market players in the intraocular lenses market include Abbott Medical Optics Ltd., Alcon Inc., Bausch and Lomb, Inc., Carl Zeiss Meditec AG, Hoya Corporation, Rayner Intraocular Lenses limited, Eurocrystal SAand STAAR Surgical Company.
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Intraocular Lenses in these regions, from 2012 to 2022 (forecast), covering
• North America
• Southeast Asia
Global Intraocular Lenses market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
• Accu-Lens Inc
• Alcon (Novartis)
• Cooper Companies
• Hoya Corporation
• Johnson & Johnson
• Menicon Group
• Morcher GmbH
• OcuLentis GmbH
• VSY Biotechnology
• Zeiss (Wohlk Contactlinsen)
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
• Multifocal Intraocular Lenses
• Adjustable Intraocular Lenses
• Aspheric Intraocular Lenses
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Intraocular Lenses for each application, including
• Research Institute
Research Support Specialist, USA