Intraocular Lens Market by Type (Pseudophakic IOLs, Phakic IOLs) by Product (Monofocal, Toric, Multifocal) by Form (Rigid, Flexible), by Material (Polymethylmethacrylate, Silicone, Hydrophobic Acrylic) by End-user (Hospital, Ophthalmology Clinic, Ambulatory Surgical Center) by Region (Americas, Asia Pacific, Europe, Middle East and Africa) – Global Forecast (2020 to 2027)

Intraocular Lens Market - Global Industry Analysis and Forecast 2020 to 2027

Intraocular Lens Market: Summary

The Global Intraocular Lens Market is projected to reach a value of USD 6.08 billion by 2027 at a CAGR of 5.6%.

An intraocular lens implant is referred to as the synthetic lens implanted in the eye for treating the refractive errors. It is mainly used for treating the refractive errors or vision correction and eye disorders such as cataract, glaucoma, diabetic retinopathy, amblyopia and others. The growth of the global intraocular lens market is driven by growing prevalence of eye disorders, rise in the elderly population with diabetes, which are more prone the eye diseases requiring intraocular lens implant. On the flip side, relatively expensive intraocular lens compared to contact lens is hampering the market growth.

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Intraocular Lens Market: Market Dynamics

Market Driver:

  • Increasing Prevalence of Eye Disorders
    • Visual impairment has emerged as the global health concern creating adverse effect of the physical and mental health
    • As per the American Academy of Ophthalmology (AAO), indicated that around 50 million of the American population affects from vision-impairing cataracts till 2050 from 25 million from 2019.
    • Increasing prevalence of the cataract patients across the globe with higher availability of the treatment options available in the intraocular lenses (IOLs), is fueling the market growth
    • In 2020, the Statistics on Eye Disease in America revealed that 1 billion of the total global population suffers from visual impairment owing to unaddressed refractive error (123.7 million), cataract (65.2 million), glaucoma (6.9 million), corneal opacities (4.2 million), diabetic retinopathy (3 million), and trachoma (2 million) and unaddressed presbyopia (826 million)
  • Rise in The Elderly Population
    • Aged population across the world is significantly growing those are more susceptible to the aged related eye-disorders.
    • According to World Health Organization, the global aged population (over 60 age) would rise to 22%, i.e. nearly double from 12% in 2015.
    • Diabetes is one of the chronic conditions impacts the life of the older adults and also escalates the overall public health burden, resulting into diabetic retinopathy and other diseases.
    • The Centers of Disease Control and Prevention study revealed that in 2016-2017 the 32% of the total US diabetic population over aged 45 suffers from cataract, among which 9.2% had vision loss.
    • Owing to rapidly rising aged population coupled with increased prevalence of the diabetes in them, is expected to drive the demand for intraocular lens market to treat eye-diseases
  • Favorable Government Support

Market Restraint:

  • Higher Cost of Intraocular Lens Implant Compared to Contact Lens Correction
  • Poor Reimbursement Scenario

Intraocular Lens Market: Key Segments

The Intraocular Lens market is majorly segments into type, form, material and end-user. 

  • On the basis of type, the market is bifurcated into pseudophakic iols and phakic iols
  • On the basis of product, the market is bifurcated into monofocal iols, toric iols, accommodating iols, and multifocal iols
  • On the basis of form, the market is sub segmented into rigid and flexible. Among these, the flexible iols has dominated the segment owing to advanatages such as smaller incision and rapid recovery associated with it.
  • On the basis of material, the market has been segmented into polymethylmethacrylate (PMMA), silicone, hydrophobic acrylic and others
  • On the basis of end-user, the market has been segmented into hospital, ophthalmology clinic, ambulatory surgical center and eye research institutes

Intraocular Lens Market: Key Regions

 

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On the basis of region, the market is divided into Americas, Europe, Asia Pacific, Latin America, Middle East & Africa. The Americas lead the global intraocular lens market by accounting for highest market share owing to the increase prevalence of the eye disorders especially among the aged population. Also, presence of the major manufacturers such as Johnson and Johnson Services Inc., Bausch & Lomb Incorporated, and STAAR SURGICAL among others is driving growth of this market in Americas.   

Intraocular Lens Market: Report Scope

The report on the Intraocular Lens market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Report Features

Specifics

Historical/Estimated/Forecasted Market Size Years

2019-2027

Historical Year

2018

Base Year

2019

Forecasted Period

2020-2027 (2020 estimated year, forecast up to 2027)

Measured Units

Value (USD Million)

Segments Included

Type, Form, Material and End-user

Regional Coverage

Americas, Europe, Asia-Pacific and Middle East & Africa

Key Companies Covered

  • Alcon (Company Overview, Financial Overview, Product Synopsis, Key Developments, SWOT Analysis, & Key Strategy)
  • Bausch & Lomb Incorporated
  • Carl Zeiss Meditec AG
  • EyeKon
  • HOYA SURGICAL OPTICS
  • IOLS 
  • Johnson & Johnson Services, Inc.
  • Ophtec BV
  • PhysIOL
  • Rayner Intraocular Lenses Limited
  • STAAR SURGICAL
  • Other Key Companies

Intraocular Lens Market: Report Segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Intraocular Lens Market, by Type

  • Pseudophakic IOLs
  • Phakic IOLs

Intraocular Lens Market, by Product

  • Monofocal IOLS          
    • Spheric Monofocal IOLS
    • Aspheric Monofocal IOLS
  • Toric IOLs
  • Accommodating IOLs
  • Multifocal IOLs

Intraocular Lens Market, by Form

  • Rigid
  • Flexible

Intraocular Lens Market, by Material

  • Polymethylmethacrylate (PMMA)
  • Silicone
  • Hydrophobic Acrylic
  • Others

Intraocular Lens Market, by End-user

  • Hospital
  • Ophthalmology Clinic
  • Ambulatory Surgical Center
  • Eye Research Institutes

Intraocular Lens Market, by Region

  • Americas
    • North America
      • US
      • Canada
    • Latin America
  • Europe
    • Germany
    • France
    • Italy
    • UK
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • Middle East and Africa
    • Middle East
    • Africa

Key Questions Answered By The Report

  • What are the prominent developments affecting the market worldwide and its growth?
  • What will be the impact of the developments in the market on the industry and on the market players in the future?
  • What are the evolving variations of the market globally?
  • What are the evolving functions of the market globally?
  • What are the prominent aspects that will affect market growth globally during the study period?
  • Who are the key players operating in the market across the globe?
  • How are the key players leveraging in the present market scenario worldwide?

Report Audience

  • Intraocular Lens Market Providers
  • Intraocular Lens Market Solution and Services Suppliers, Distributors and Dealers
  • End-Users of Intraocular Lens Market
  • Government Bodies and Intellectual Institutions
  • Associations and Industrial Organizations
  • Research & Consulting Service Providers
  • Research & Development Organizations
  • Investment Banks & Private Equity Firms

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE INTRAOCULAR LENS  MARKET STUDY

  1. Executive Summary
    1. Market Attractiveness Analysis
      1. Global Intraocular Lens Market, by Type
      2. Global Intraocular Lens Market, by Product
      3. Global Intraocular Lens Market, by Form
      4. Global Intraocular Lens Market, by Material
      5. Global Intraocular Lens Market, by End-user
      6. Global Intraocular Lens Market, by Region
  2. Market Introduction
    1. Definition
    2. Scope of the Study
    3. Market Structure
    4. Key Buying Criteria
    5. Macro Factor Indicator Analysis
  3. Research Methodology
    1. Research Process
    2. Primary Research
    3. Secondary Research
    4. Market Size Estimation
    5. Forecast Model
    6. List of Assumptions
  4. Market Dynamics
    1. Introduction
    2. Drivers
      1. Increasing Prevalence of Eye Disorders
      2. Favorable Government Support
      3. Increasing Technological advancement in IOL's
    3. Restraints
      1. Higher Cost of Intraocular Lens
      2. COMPLICATIONS RELATED TO CONTACT & INTRAOCULAR LENSES
    4. Opportunities
      1. Launch of New Products
  5. Market Factor Analysis
    1. Supply/Value Chain Analysis
    2. Porter’s Five Forces Model
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
    3. IMpact of COVID-19 on Intraocular Lens market
      1. Impact on Production
      2. Impact on Growth
      3. Impact on Cataracts Surgeries 
      4. Impact on Regions
  6. Global Intraocular Lens Market, by type
    1. Introduction
    2. Pseudophakic IOLs
    3. Phakic IOLs
  7. Global Intraocular Lens Market, by Product
    1. Introduction
    2. Monofocal IOLS
      1. Spheric Monofocal IOLS
      2. Aspheric Monofocal IOLS
    3. Toric IOLs
    4. Accommodating IOLs
    5. Multifocal IOLs
    6. Others
  8. Global Intraocular Lens Market, by form
    1. Introduction
    2. Rigid
    3. Flexible
  9. Global Intraocular Lens Market, by Material
    1. Introduction
    2. Polymethylmethacrylate (PMMA)
    3. Silicone
    4. Hydrophobic Acrylic
    5. Others
  10. Global Intraocular Lens Market, by Mode of End user
    1. Introduction
    2. Hospital
    3. Ophthalmology Clinic
    4. Ambulatory Surgical Center
    5. Eye Research Institutes   
  11. Global Intraocular Lens Market, by region
    1. Introduction
    2. North America
      1. US
      2. Canada
      3. Mexico
    3. Europe
      1. Germany
      2. France
      3. UK
      4. Italy
      5. Spain
      6. Rest of Europe
    4. Asia-Pacific
      1. China
      2. India
      3. Japan
      4. Australia
      5. South Korea
      6. Rest of Asia-Pacific
    5. South America
      1. Brazil
      2. Argentina
      3. Rest of South America
    6. Middle East & Africa
      1. Saudi Arabia
      2. UAE
      3. Rest of Middle East and Africa
  12. Competitive Landscape
    1. Introduction
    2. Competitive Analysis
    3. Product BenchMarkeing
    4. Intraocular Lens (IOL) Pipeline Products
    5. Key Developments
      1. Product Launch
      2. merger & acquisition
      3. collaboration & partnership
      4. Expansion
      5. Others
  13. Company Profiles
    1. Alcon
      1. Company Overview
      2. Financial Overview
      3. Product Offered
      4. Key Developments
      5. SWOT Analysis
      6. Key Strategy
    2. Bausch & Lomb Incorporated
    3. Carl Zeiss Meditec AG
    4. EyeKon
    5. HOYA SURGICAL OPTICS
    6. Johnson & Johnson Services, Inc.
    7. Ophtec BV
    8. PhysIOL
    9. Rayner Intraocular Lenses Limited
    10. SAV-IOL SA
    11. STAAR SURGICAL
    12. Others
  14. Appendix
    1. Discussion Blueprint

Rep Id : HC 040

Published : October, 2020


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