Intraocular Lens (IOL) Market Share, Product Types and Regional Outlook till 2022
The Intraocular Lens (IOL) Market is estimated to grow at a significant CAGR over the forecast period as the scope and its applications are rising enormously across the globe. Intraocular Lens (IOL) is a medical device used to replace the eye’s natural lens after cataract or myopia surgery. It is also used during vision correction surgery called refractive lens exchange. Acrylic and silicone material is used in the formation of IOLs. The commonly used IOL is pseudophakic IOL and phakic IOL.
The Intraocular Lens (IOL) Market is estimated to grow at a significant CAGR over the forecast period as the scope and its applications are rising enormously across the globe. Intraocular Lens (IOL) is a medical device used to replace the eye’s natural lens after cataract or myopia surgery. It is also used during vision correction surgery called refractive lens exchange. Acrylic and silicone material is used in the formation of IOLs. The commonly used IOL is pseudophakic IOL and phakic IOL.
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<strong>Intraocular</strong> <strong>Lens</strong> (<strong>IOL</strong>) <strong>Market</strong> <strong>Share</strong>,<br />
<strong>Product</strong> <strong>Types</strong> <strong>and</strong> <strong>Regional</strong> <strong>Outlook</strong> <strong>till</strong><br />
<strong>2022</strong><br />
“<strong>Intraocular</strong> <strong>Lens</strong> (<strong>IOL</strong>) is a medical device used to replace the<br />
eye’s natural lens after cataract or myopia surgery. It is also<br />
used during vision correction surgery called refractive lens<br />
exchange.”<br />
The <strong>Intraocular</strong> <strong>Lens</strong> (<strong>IOL</strong>) <strong>Market</strong> is estimated to grow at a significant CAGR over the forecast period as the scope<br />
<strong>and</strong> its applications are rising enormously across the globe. <strong>Intraocular</strong> <strong>Lens</strong> (<strong>IOL</strong>) is a medical device used to replace<br />
the eye’s natural lens after cataract or myopia surgery. It is also used during vision correction surgery called refractive<br />
lens exchange. Acrylic <strong>and</strong> silicone material is used in the formation of <strong>IOL</strong>s. The commonly used <strong>IOL</strong> is pseudophakic<br />
<strong>IOL</strong> <strong>and</strong> phakic <strong>IOL</strong>.<br />
The factors that are playing a major role in the growth of <strong>Intraocular</strong> <strong>Lens</strong> (<strong>IOL</strong>) <strong>Market</strong> are rising occurrence of eye<br />
diseases & diabetes among the populace, governments’ initiatives of funding treatment of blindness, increasing use of<br />
enhanced technology for the treatment, <strong>and</strong> rise in geriatric population, <strong>and</strong> age-related eye disorders across the globe.<br />
However, lack of awareness regarding eye disorders <strong>and</strong> low accessibility to eye care in developing countries may<br />
restrain overall market growth in the years to come. <strong>Intraocular</strong> <strong>Lens</strong> (<strong>IOL</strong>) <strong>Market</strong> is segmented based on type, material,<br />
end-user, <strong>and</strong> region.<br />
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Phakic <strong>IOL</strong>, Traditional/ Monofocal <strong>IOL</strong>, Premium <strong>IOL</strong>, <strong>and</strong> the other types could be explored in <strong>Intraocular</strong> <strong>Lens</strong> (<strong>IOL</strong>)<br />
in the forecast period. Traditional/ Monofocal <strong>IOL</strong>s sector comprise spheric <strong>and</strong> aspheric monofocal <strong>IOL</strong>. Whereas,<br />
Premium <strong>IOL</strong>s comprise an extended depth of focus <strong>IOL</strong>s, multifocal <strong>IOL</strong>s, <strong>and</strong> accommodating <strong>IOL</strong>. The Monofocal<br />
<strong>IOL</strong>s sector accounted for the significant market share of <strong>Intraocular</strong> <strong>Lens</strong> (<strong>IOL</strong>) <strong>and</strong> is estimated to continue its
dominance in the years to come. This may be because it is easy to insert during surgery, produces contrast sensitive<br />
optical image for patients <strong>and</strong> in comparison with other <strong>IOL</strong>s, it persuades less to zero aspheric aberration.<br />
Polymethylmethacrylate <strong>IOL</strong>s <strong>and</strong> Foldable <strong>IOL</strong>s are the materials that could be explored in <strong>Intraocular</strong> <strong>Lens</strong> (<strong>IOL</strong>) in<br />
the forecast period. Foldable <strong>IOL</strong>s comprise hydrophilic <strong>and</strong> hydrophobic acrylic <strong>IOL</strong>s. The Foldable <strong>IOL</strong>s sector<br />
accounted for the substantial market share of <strong>Intraocular</strong> <strong>Lens</strong> (<strong>IOL</strong>) <strong>and</strong> is estimated to grow at highest CAGR in the<br />
years to come. The reason behind the overall market growth could be good center placement, developing three-piece<br />
<strong>IOL</strong>s <strong>and</strong> <strong>IOL</strong> haptics, <strong>and</strong> high light transmissibility.<br />
The market may be categorized based on end-users like ambulatory surgical centers, ophthalmic clinics, hospitals, eye<br />
research institutes, <strong>and</strong> others could be explored in <strong>Intraocular</strong> <strong>Lens</strong> (<strong>IOL</strong>) in the forecast period. The hospital <strong>and</strong><br />
ophthalmic clinic sector accounted for the majority market share of <strong>Intraocular</strong> <strong>Lens</strong> (<strong>IOL</strong>). In addition, ambulatory<br />
surgical centers sector is estimated to grow at fastest pace in the years to come.<br />
Globally, North America accounted for the significant market share of <strong>Intraocular</strong> <strong>Lens</strong> (<strong>IOL</strong>) <strong>and</strong> is estimated to lead<br />
the overall market in the years to come. The reason behind the overall market growth could be developed healthcare<br />
infrastructure, growing geriatric population suffering from blindness associated with cataract, increasing healthcare<br />
expenditure, <strong>and</strong> growing disposable income.<br />
Instead, Europe <strong>and</strong> the Asia Pacific are also estimated to have a positive influence on the future growth. Europe is the<br />
second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in<br />
the forecast period. The aspects that may be ascribed to the growth comprise government initiatives by funding,<br />
developing healthcare infrastructure with the latest technology, <strong>and</strong> a growing population suffering from several eye<br />
disorders. The developing countries like India <strong>and</strong> China are the major consumers of <strong>Intraocular</strong> <strong>Lens</strong> (<strong>IOL</strong>) in this<br />
region.<br />
The key players of <strong>Intraocular</strong> <strong>Lens</strong> (<strong>IOL</strong>) <strong>Market</strong> are STAAR Surgical Company, Alcon Inc., <strong>Lens</strong>tec, Inc., Bausch &<br />
Lomb Incorporated, Johnson <strong>and</strong> Johnson Vision Care Inc., Carl Zeiss Meditec AG., HumanOptics AG, EyeKon<br />
Medical Inc., <strong>and</strong> HOYA Corporation. These players are concentrating on inorganic growth to sustain themselves amidst<br />
fierce competition.<br />
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<strong>Market</strong> Segment:<br />
Key <strong>Product</strong> <strong>Types</strong><br />
• Monofocal <strong>IOL</strong>s<br />
• Multifocal <strong>IOL</strong>s<br />
• Accommodating <strong>IOL</strong>s<br />
Key Regions
• North America<br />
• Europe<br />
• Asia Pacific<br />
• Middle East <strong>and</strong> Africa<br />
• South America<br />
Key Vendors<br />
• Alcon/Novartis<br />
• AMO/Abbott<br />
• Bausch + Lomb<br />
• Carl Zeiss<br />
• HOYA<br />
• Kowa<br />
• <strong>Lens</strong>tec<br />
• Rayner<br />
• request free sample to get a complete list of companies<br />
Key Questions Answered in this Report<br />
• What will the market size be in <strong>2022</strong>?<br />
• What are the key factors driving the global intraocular lens market?<br />
• What are the challenges to market growth?<br />
• Who are the key players in the intraocular lens market?<br />
• What are the market opportunities <strong>and</strong> threats faced by the key players?<br />
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