Intraocular Lens (IOL) Market Manufacturers,Types,Regions and Applications Research Report Forecast to 2022
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.
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> - Industry Size,<br />
Growth, Analysis, <strong>Applications</strong>, Opportunities,<br />
<strong>and</strong> <strong>Forecast</strong>s <strong>to</strong> <strong>2022</strong><br />
“<strong>Intraocular</strong> <strong>Lens</strong> (<strong>IOL</strong>) is a medical device used <strong>to</strong> replace the<br />
eye’s natural lens after cataract or myopia surgery. It is also used<br />
during vision correction surgery called refractive lens exchange.<br />
Acrylic <strong>and</strong> silicone material is used in the formation of <strong>IOL</strong>s. The<br />
commonly used <strong>IOL</strong> is pseudophakic <strong>IOL</strong> <strong>and</strong> phakic <strong>IOL</strong>.”<br />
The <strong>Intraocular</strong> <strong>Lens</strong> (<strong>IOL</strong>) <strong>Market</strong> is estimated <strong>to</strong> grow at a significant CAGR over the forecast period as the scope <strong>and</strong><br />
its applications are rising enormously across the globe. <strong>Intraocular</strong> <strong>Lens</strong> (<strong>IOL</strong>) is a medical device used <strong>to</strong> replace the<br />
eye’s natural lens after cataract or myopia surgery. It is also used during vision correction surgery called refractive lens<br />
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 <strong>IOL</strong><br />
<strong>and</strong> phakic <strong>IOL</strong>.<br />
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The fac<strong>to</strong>rs 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<br />
of enhanced technology for the treatment, <strong>and</strong> rise in geriatric population, <strong>and</strong> age-related eye disorders across the<br />
globe. However, lack of awareness regarding eye disorders <strong>and</strong> low accessibility <strong>to</strong> eye care in developing countries<br />
may restrain overall market growth in the years <strong>to</strong> come. <strong>Intraocular</strong> <strong>Lens</strong> (<strong>IOL</strong>) <strong>Market</strong> is segmented based on type,<br />
material, end-user, <strong>and</strong> region.<br />
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 sec<strong>to</strong>r 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
<strong>IOL</strong>s sec<strong>to</strong>r accounted for the significant market share of <strong>Intraocular</strong> <strong>Lens</strong> (<strong>IOL</strong>) <strong>and</strong> is estimated <strong>to</strong> continue its<br />
dominance in the years <strong>to</strong> come. This may be because it is easy <strong>to</strong> 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 <strong>to</strong> 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 sec<strong>to</strong>r<br />
accounted for the substantial market share of <strong>Intraocular</strong> <strong>Lens</strong> (<strong>IOL</strong>) <strong>and</strong> is estimated <strong>to</strong> grow at highest CAGR in the<br />
years <strong>to</strong> 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 ambula<strong>to</strong>ry 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 sec<strong>to</strong>r accounted for the majority market share of <strong>Intraocular</strong> <strong>Lens</strong> (<strong>IOL</strong>). In addition, ambula<strong>to</strong>ry<br />
surgical centers sec<strong>to</strong>r is estimated <strong>to</strong> grow at fastest pace in the years <strong>to</strong> come.<br />
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Globally, North America accounted for the significant market share of <strong>Intraocular</strong> <strong>Lens</strong> (<strong>IOL</strong>) <strong>and</strong> is estimated <strong>to</strong> lead<br />
the overall market in the years <strong>to</strong> 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 <strong>to</strong> have a positive influence on the future growth. Europe is the<br />
second largest region with significant market share. However, Asia Pacific is estimated <strong>to</strong> grow at the highest CAGR in<br />
the forecast period. The aspects that may be ascribed <strong>to</strong> 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 & Lomb<br />
Incorporated, Johnson <strong>and</strong> Johnson Vision Care Inc., Carl Zeiss Meditec AG., HumanOptics AG, EyeKon Medical Inc.,<br />
<strong>and</strong> HOYA Corporation. These players are concentrating on inorganic growth <strong>to</strong> sustain themselves amidst fierce<br />
competition.<br />
<strong>Market</strong> Segment:<br />
Key Product <strong>Types</strong><br />
• Monofocal <strong>IOL</strong>s
• Multifocal <strong>IOL</strong>s<br />
• Accommodating <strong>IOL</strong>s<br />
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Key <strong>Regions</strong><br />
• 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 <strong>to</strong> get a complete list of companies
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