Intraocular Lens Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2022 - 2028
Intraocular lens (IOLs) are medical devices implanted inside the eye to replace natural lens when it is removed during cataract surgery. Intraocular lens area also used during few vision correction surgery. Depending on patient’s visual need and lifestyle; wide variety of intraocular lens are present in the market, including aspheric IOLs, toric IOLs, multifocal IOLs, monofocal IOLs, accommodating IOLs, preloaded IOLs, and among others. Moreover, depending on need during cataract surgery and in order to get recommended results; surgeons can mix two different multifocal lens or two different types of intraocular lenses. Increasing government initiatives and awareness programs for cataract patient with aim to eliminate blindness, coupled with growing prevalence of cataract surgeries and introduction of new affordable intraocular lens by various key players are expected to drive growth of the intraocular lens market over the forecast period. Furthermore, significant increase in aging population, high prevalence of diabetes, exposure to ultraviolet sunlight, and family history are the factors contributing to the growth of the global market. For instance, according to American Diabetes Association (ADA) in 2015, around 30.3 million Americans or 9.4% of the population had diabetes, which are likely to develop glaucoma and cataract.
Market Dynamics
The increasing government initiatives and awareness campaign to spread the awareness among cataract patients and the increasing prevalence of diabetes may shift the patient towards the cataract surgery, in turn boosting growth of the intraocular lens market during the forecast period. For instance, according to the International Diabetes Foundation (IDF) 2017 statistics, the number of people with diabetes aged between 20 to 79 years are increasing, globally. Among which, Africa (156%) is accounted to register the highest diabetic population, followed by Middle East (110%), South East Asia (84%), Latin and Central America(62%), North America (35%), Europe (16%) and Western Pacific (15%). Moreover, cataract is major cause of blindness, which is projected to fuel growth of the intraocular lens market over the forecast period. For instance, according to National Federation of the Blind, 2014 data findings, an estimated around 10 million people in the U.S. are blind or visually impaired. According to European Blind Union, in 2021, over 30 million people are partially sighted or blind in Europe and an average of 1 in 30 Europeans experience sight loss. According to World Health Organization (WHO) 2010 fact sheet, cataract accounted for around 50% of blindness in China. Furthermore, according to National Center for Biotechnology Information (NCBI), 2010 data findings, an estimated 11.2 million people above age 40 years suffered from glaucoma in India.
Key features of the study:
This report provides in-depth analysis of the intraocular lens market and its market size, volume (US$ Million and units) and Cumulative Annual Growth Rate (CAGR (%)) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategy adopted by the leading players
It profiles leading players in the global intraocular lens market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies
Key companies covered as a part of this study include STAAR Surgical Company, HOYA Corporation, Lenstec, Inc., Ophtec BV, Johnson & Johnson, Alcon, Bausch & Lomb Incorporated, Carl Zeiss Meditec AG, Rayner Intraocular Lenses Limited, and HumanOptics AG.
Insights from this report would allow marketers and management authorities of companies to make informed decision with respect to their future product launch, governmental initiatives, technological up-gradation, market expansion, and marketing tactics.
The global intraocular lens market report caters to various stakeholders in this industry, including investors, product manufacturers, distributors and suppliers for intraocular lens market, research and consulting firms, new entrants, and financial analysts.
Detailed Segmentation:
Global Intraocular Lens Market, By Flexibility:
Folded
Rigid
Global Intraocular Lens Market, By Product Type:
Premium Intraocular Lens
Multifocal Intraocular lens
Accommodating Intraocular lens
Toric Intraocular lens
Monofocal Intraocular Lens
Preloaded Intraocular Lens
Others
Global Intraocular Lens Market, By Material:
Polymethylmethacrylate (PMMA)
Silicone
Hydrophillic
Hydrophobic Acrylic
Global Intraocular Lens Market, By End User:
Hospitals
Ambulatory Surgery Centers
Eye Research Institutes
Ophthalmology Clinics
Global Intraocular Lens Market, By Region:
North America
North America Intraocular Lens Market, By Flexibility:
Folded
Rigid
North America Intraocular Lens Market, By Product Type:
Premium Intraocular Lens
Multifocal Intraocular lens
Accommodating Intraocular lens
Toric Intraocular lens
Monofocal Intraocular Lens
Preloaded Intraocular Lens
Others
North America Intraocular Lens Market, By Country:
U.S.
U.S. Intraocular Lens Market, By Flexibility:
Folded
Rigid
Canada
Canada Intraocular Lens Market, By Flexibility:
Folded
Rigid
Europe
Europe Intraocular Lens Market, By Flexibility:
Folded
Rigid
Europe Intraocular Lens Market, By Product Type:
Premium Intraocular Lens
Multifocal Intraocular lens
Accommodating Intraocular lens
Toric Intraocular lens
Monofocal Intraocular Lens
Preloaded Intraocular Lens
Others
Europe Intraocular Lens Market, By Country:
U.K.
U.K. Intraocular Lens Market, By Flexibility:
Folded
Rigid
Germany
Germany Intraocular Lens Market, By Flexibility:
Folded
Rigid
Italy
Italy Intraocular Lens Market, By Flexibility:
Folded
Rigid
France
France Intraocular Lens Market, By Flexibility:
Folded
Rigid
Spain
Spain Intraocular Lens Market, By Flexibility:
Folded
Rigid
Russia
Russia Intraocular Lens Market, By Flexibility:
Folded
Rigid
Ukraine
Ukraine Intraocular Lens Market, By Flexibility:
Folded
Rigid
Poland
Poland Intraocular Lens Market, By Flexibility:
Folded
Rigid
Belgium
Belgium Intraocular Lens Market, By Flexibility:
Folded
Rigid
Greece
Greece Intraocular Lens Market, By Flexibility:
Folded
Rigid
Netherland
Netherland Intraocular Lens Market, By Flexibility:
Folded
Rigid
Sweden
Sweden Intraocular Lens Market, By Flexibility:
Folded
Rigid
Hungary
Hungary Intraocular Lens Market, By Flexibility:
Folded
Rigid
Rest of Europe
Rest of Europe Intraocular Lens Market, By Flexibility:
Folded
Rigid
Asia-Pacific
Asia-Pacific Intraocular Lens Market, By Flexibility:
Folded
Rigid
Asia-Pacific Intraocular Lens Market, By Product Type:
Premium Intraocular Lens
Multifocal Intraocular lens
Accommodating Intraocular lens
Toric Intraocular lens
Monofocal Intraocular Lens
Preloaded Intraocular Lens
Others
Asia-Pacific Intraocular Lens Market, By Country:
China
China Intraocular Lens Market, By Flexibility:
Folded
Rigid
India
India Intraocular Lens Market, By Flexibility:
Folded
Rigid
Japan
Japan Intraocular Lens Market, By Flexibility:
Folded
Rigid
ASEAN
ASEAN Intraocular Lens Market, By Flexibility:
Folded
Rigid
Australia
Australia Intraocular Lens Market, By Flexibility:
Folded
Rigid
South Korea
South Korea Intraocular Lens Market, By Flexibility:
Folded
Rigid
New Zealand
New Zealand Intraocular Lens Market, By Flexibility:
Folded
Rigid
Rest of Asia Pacific
Rest of Asia Pacific Intraocular Lens Market, By Flexibility:
Folded
Rigid
Latin America
Latin America Intraocular Lens Market, By Flexibility:
Folded
Rigid
Latin America Intraocular Lens Market, By Product Type:
Premium Intraocular Lens
Multifocal Intraocular lens
Accommodating Intraocular lens
Toric Intraocular lens
Monofocal Intraocular Lens
Preloaded Intraocular Lens
Others
Latin America Intraocular Lens Market, By Country:
Brazil
Brazil Intraocular Lens Market, By Flexibility:
Folded
Rigid
Mexico
Mexico Intraocular Lens Market, By Flexibility:
Folded
Rigid
Rest of Latin America
Rest of Latin America Intraocular Lens Market, By Flexibility:
Folded
Rigid
Middle East
Middle East Intraocular Lens Market, By Flexibility:
Folded
Rigid
Middle East Intraocular Lens Market, By Product Type:
Premium Intraocular Lens
Multifocal Intraocular lens
Accommodating Intraocular lens
Toric Intraocular lens
Monofocal Intraocular Lens
Preloaded Intraocular Lens
Others
Middle East Intraocular Lens Market, By Country:
GCC
GCC Intraocular Lens Market, By Flexibility:
Folded
Rigid
Israel
Israel Intraocular Lens Market, By Flexibility:
Folded
Rigid
Lebanon
Lebanon Intraocular Lens Market, By Flexibility:
Folded
Rigid
Rest of Middle East
Rest of Middle East Intraocular Lens Market, By Flexibility:
Folded
Rigid
Africa
Africa Intraocular Lens Market, By Flexibility:
Folded
Rigid
Africa Intraocular Lens Market, By Product Type:
Premium Intraocular Lens
Multifocal Intraocular lens
Accommodating Intraocular lens
Toric Intraocular lens
Monofocal Intraocular Lens
Preloaded Intraocular Lens
Others
Africa Intraocular Lens Market, By Country:
North Africa
North Africa Intraocular Lens Market, By Flexibility:
Folded
Rigid
Central Africa
Central Africa Intraocular Lens Market, By Flexibility:
Folded
Rigid
South Africa
South Africa Intraocular Lens Market, By Flexibility:
Folded
Rigid
Company Profiles
STAAR Surgical Company *
Company Overview
Product Portfolio
Financial Performance
Recent Highlights
Strategies
HOYA Corporation
Lenstec, Inc.
Ophtec BV
Johnson & Johnson
Alcon
Bausch & Lomb Incorporated
Carl Zeiss Meditec AG
Rayner Intraocular Lenses Limited
HumanOptics AG
“*” marked represents similar segmentation in other categories in the respective section.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook