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Intraocular Lens Market Growth Buoyed by Higher Success Rates: Latest Study by Allied Market Research

Rise in adoption of premium intraocular lens is a major factor that drives the growth of the intraocular lens market. Premium lens provides added benefits as compared to standard intraocular lens such as correction of presbyopia, astigmatism, and other refractive errors and reduction of the need for eye glasses, which boost the growth of the market.

Intraocular Lens Market
Intraocular Lens Market

Intraocular Lens Market Report, published by Allied Market Research, forecasts that the global market was valued at $3,306 million in 2015 and is expected to garner $4,973 million by 2022, registering a CAGR of 5.9% during the forecast period 2016 – 2022. Monofocal intraocular lens segment held more than four-fifths share of the total market in 2015.

Advent of premium IOLs such as multifocal, toric, and accommodating IOLs and rise in incidence of cataract are the key factors that drive the market growth. In addition, rise in geriatric population and proactive initiatives taken by government to eliminate avoidable blindness are anticipated to fuel the demand for IOLs globally. However, postoperative complications such as refractive errors and unfavorable reimbursement scenario for premium intraocular lens restrict the market growth.

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Silicone generated the maximum revenue, accounting for more than half of the global intraocular lens market in 2015. However, hydrophobic acrylic segment is estimated to exhibit the highest growth rate of 7.1% during the forecast period.

COVID-19 Impact Analysis:

1) The COVID-19 impact on the Intraocular Lens Market is unpredictable and is expected to remain in force till the fourth quarter of 2021.

2) The COVID-19 outbreak forced governments across the globe to implement strict lockdowns and banned import-export of nonessential items for most of 2021. This led to sudden fall in the availability of important raw materials.

3) Moreover, nationwide lockdowns forced manufacturing facilities to partially or completely shut their operations.

4) Adverse impacts of the COVID-19 pandemic have resulted in delays in activities and initiatives regarding development of reliable and innovative drone analytics systems globally.

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Key Benefits for Stakeholders

  • This report entails a detailed quantitative analysis along with the current global Intraocular Lens Market trends from 2016 to 2023 to identify the prevailing opportunities along with the strategic assessment.
  • The Intraocular Lens Market forecast is studied from 2016 to 2023.
  • The Intraocular Lens Market size and estimations are based on a comprehensive analysis of key developments in the endoscopic retrograde cholangiopancreatography industry.
  • A qualitative analysis based on innovative products facilitates strategic business planning.
  • The development strategies adopted by the key market players are enlisted to understand the competitive scenario of the Intraocular Lens Market.

By Type

  • Monofocal Intraocular Lens
  • Premium Intraocular Lens
    • Toric Intraocular Lens
    • Multifocal Intraocular Lens
    • Accommodating Intraocular Lens
    • Others
      • Blue Light Filtering Intraocular Lens
      • Phakic Intraocular Lens
      • Aspheric Intraocular Lens

🎅🎄(𝑪𝒉𝒓𝒊𝒔𝒕𝒎𝒂𝒔 𝒂𝒏𝒅 𝑵𝒆𝒘 𝒚𝒆𝒂𝒓 𝒔𝒂𝒍𝒆 𝑼𝒑 𝒕𝒐 25% 𝒅𝒊𝒔𝒄𝒐𝒖𝒏𝒕 𝙩𝒊𝒍𝒍 15 𝑱𝒂𝒏𝒖𝒂𝒓𝒚 2022)🎄🎅

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The Major Key Players Are:

Alcon, Inc. (division of Novartis AG), Johnson & Johnson, Valeant, Carl Zeiss Meditec AG, Rayner, EyeKon Medical, Inc., Lenstec, Inc., HumanOptics AG, STAAR Surgical, and HOYA GROUP. The other players operating in the market include PhysIOL s.a., Calhoun Vision Center, and Oculentis GmBH.

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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