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Global Intraocular Lens Market: By Product: Monofocal, Multifocal, Toric, Accommodative, Others; By End Use: Hospitals, Ophthalmic Clinics, Ambulatory Surgery Centres, Eye Research Institutes; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Intraocular Lens Market
The global intraocular lens market is expected to grow in the forecast period of 2021-2026 at a CAGR of 5% to attain nearly USD 5.58 billion by 2026.
Increasing Demand for Technologically Advanced and Correcting Lens Boosting the Industry Growth
The demand for the intraocular lens is being driven by the rising cases of computer vision syndrome that is caused by looking at the screen for too long. In addition to this, the industry is accelerated by the growing digitalisation and the increasing use of computers for professional work. Due to the escalating use of computers at almost every workplace or in one’s leisure time, there is a great risk of getting computer vision syndrome without any regard to being old or young. Recently, there has been a rising demand for technologically advanced premium IOLs, such as multifocal IOLs, accommodating IOL, presbyopia- and astigmatism-correcting intraocular lens (IOL), extended depth of focus (EDoF) IOL. Also, in order to improve the quality of vision and reduce the risk of blindness, the demand for the intraocular lens is increasing. The rising focus of companies to capture emerging countries and gradually shift towards newer technologies are predicted to provide significant growth opportunities for players in this market.
Intraocular Lens: Industry Definition and Segmentation
Intraocular lenses (IOL) refer to the medical devices that are implanted inside the eye to replace natural eye lens in order to treat refractive errors or cataract.
Based on product, the market is segmented into:
- Monofocal
- Multifocal
- Toric
- Accommodative
- Others
Based on end use, the market is segmented into:
- Hospitals
- Ophthalmic Clinics
- Ambulatory Surgery Centres
- Eye Research Institutes
- Others
The EMR report looks into the regional markets of intraocular lens like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Surge in Cataract Cases to Bolster the Market Growth of Intraocular Lens
The market is propelled by the increasing ophthalmic issues and growing cases of cataracts in the diabetic population. This is caused by various factors, such as the use of electronics for a long period of time, staring at the screen for hours for work or for leisure activities like chatting. Rapid digitalisation and rising use of electronic devices like mobile phones, computers, tablets, and laptops, among others, due to excessively engaging social media platforms, are contributing to a high risk to their vision capacity. The rising use of social media and changing mode of work has facilitated the use of electronic devices, which has affected many irrespective of their age. A large section of people beyond 60 years of age is often very likely to be affected by various kinds of ophthalmic issues that are chronic and demand eye corrections. As a repercussion of this unhealthy trend, there is an increase in the demand for intraocular lens treatment. Since this treatment offers more precise solutions and varied options for physicians, there is certainly an increase in the demand for intraocular lens. Further, the growth in this market can be attributed to the rapid growth of eye disorders, the growing prevalence of eye diseases and diabetes across the globe, technological advancements, and rising government initiatives to treat blindness caused by cataracts.
Key Industries Players in the Global Intraocular Lens Market
The report presents a detailed analysis of the following key players in the global intraocular lens market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Johnson and Johnson Vision Care, Inc.
- Bausch & Lomb Incorporated
- Carl Zeiss Meditec AG
- Eyekon Medical, Inc.
- HumanOptics AG
- Others
The comprehensive report looks into macro and micro aspects of the industry. The EMR report gives an in depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Intraocular Lens Market Analysis
8.1 Key Industry Highlights
8.2 Global Intraocular Lens Historical Market (2016-2020)
8.3 Global Intraocular Lens Market Forecast (2021-2026)
8.4 Global Intraocular Lens Market by Product
8.4.1 Monofocal
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2016-2020)
8.4.1.3 Forecast Trend (2021-2026)
8.4.2 Multifocal
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2016-2020)
8.4.2.3 Forecast Trend (2021-2026)
8.4.3 Toric
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2016-2020)
8.4.3.3 Forecast Trend (2021-2026)
8.4.4 Accommodative
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2016-2020)
8.4.4.3 Forecast Trend (2021-2026)
8.4.5 Others
8.5 Global Intraocular Lens Market by End Use
8.5.1 Hospitals
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2016-2020)
8.5.1.3 Forecast Trend (2021-2026)
8.5.2 Ophthalmic Clinics
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2016-2020)
8.5.2.3 Forecast Trend (2021-2026)
8.5.3 Ambulatory Surgery Centres
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2016-2020)
8.5.3.3 Forecast Trend (2021-2026)
8.5.4 Eye Research Institutes
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2016-2020)
8.5.4.3 Forecast Trend (2021-2026)
8.5.5 Others
8.6 Global Intraocular Lens Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2016-2020)
9.1.2 Forecast Trend (2021-2026)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2016-2020)
9.2.2 Forecast Trend (2021-2026)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2016-2020)
9.3.2 Forecast Trend (2021-2026)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2016-2020)
9.4.2 Forecast Trend (2021-2026)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2016-2020)
9.5.2 Forecast Trend (2021-2026)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Johnson and Johnson Vision Care, Inc.
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Bausch & Lomb Incorporated
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Carl Zeiss Meditec AG
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 EyeKon Medical, Inc.
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 HumanOptics AG
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Others
13 Industry Events and Developments
List of Figures and Tables
1. Global Intraocular Lens Market: Key Industry Highlights, 2016 and 2026
2. Global Intraocular Lens Historical Market: Breakup by Product (USD Billion), 2016-2020
3. Global Intraocular Lens Market Forecast: Breakup by Product (USD Billion), 2021-2026
4. Global Intraocular Lens Historical Market: Breakup by End Use (USD Billion), 2016-2020
5. Global Intraocular Lens Market Forecast: Breakup by End Use (USD Billion), 2021-2026
6. Global Intraocular Lens Historical Market: Breakup by Region (USD Billion), 2016-2020
7. Global Intraocular Lens Market Forecast: Breakup by Region (USD Billion), 2021-2026
8. North America Intraocular Lens Historical Market: Breakup by Country (USD Billion), 2016-2020
9. North America Intraocular Lens Market Forecast: Breakup by Country (USD Billion), 2021-2026
10. Europe Intraocular Lens Historical Market: Breakup by Country (USD Billion), 2016-2020
11. Europe Intraocular Lens Market Forecast: Breakup by Country (USD Billion), 2021-2026
12. Asia Pacific Intraocular Lens Historical Market: Breakup by Country (USD Billion), 2016-2020
13. Asia Pacific Intraocular Lens Market Forecast: Breakup by Country (USD Billion), 2021-2026
14. Latin America Intraocular Lens Historical Market: Breakup by Country (USD Billion), 2016-2020
15. Latin America Intraocular Lens Market Forecast: Breakup by Country (USD Billion), 2021-2026
16. Middle East and Africa Intraocular Lens Historical Market: Breakup by Country (USD Billion), 2016-2020
17. Middle East and Africa Intraocular Lens Market Forecast: Breakup by Country (USD Billion), 2021-2026
18. Global Intraocular Lens Market Structure
Key Questions Answered in the Report
The global intraocular lens market is projected to grow at a CAGR of 5% between 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period 2021-2026 to reach nearly USD 5.58 billion by 2026.
The major drivers of the industry include rising ophthalmic issues, increasing cataract issues, growing computer vision syndrome, and high demand for technically advanced correcting lens.
The growing issues related to eye due to the hike in the usage of electronic devices owing to COVID-19 induced lockdown are expected to define the market growth over the forecast period.
The major regions in the industry are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The different products available in the market are monofocal, multifocal, toric, and accommodative, among others.
The various end uses of the intraocular lens are hospitals, ophthalmic clinics, ambulatory surgery centres, and eye research institutes, among others.
The leading players in this market are Johnson and Johnson Vision Care, Inc., Bausch & Lomb Incorporated, Carl Zeiss Meditec AG, Eyekon Medical, Inc., and HumanOptics AG, among others.
Analyst Review
The global intraocular lens market is driven by advanced technologies and artificial intelligence. Aided by the growing issues related to eye due to COVID-19 induced lockdown, the market is expected to witness a further a growth in the forecast period of 2021-2026 growing at a CAGR of 5%. The market is projected to reach nearly USD 5.58 billion by 2026.
EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on product, the intraocular lens industry can be segmented into monofocal, multifocal, toric, and accommodative, among others. On the basis of end uses, the industry is divided into hospitals, ophthalmic clinics, ambulatory surgery centres, and eye research institutes, among others. The major regional markets for intraocular lens are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above industry include Johnson and Johnson Vision Care, Inc., Bausch & Lomb Incorporated, Carl Zeiss Meditec AG, Eyekon Medical, Inc., and HumanOptics AG, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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