Allied Market Research recently published a report, titled, “Intraocular Lens Market by Type [Monofocal Intraocular Lens and Premium Intraocular Lens (Toric Intraocular Lens, Multifocal Intraocular Lens, and Accommodating Intraocular Lens)], Material [Polymethylmethacrylate (PMMA), Silicone and Hydrophobic Acrylic], and End User (Hospitals, Ambulatory Surgical Centers, Ophthalmology Clinics, and Eye Research Institutes) – Global Opportunity Analysis and Industry Forecast, 2014-2022”. Report states that the global intraocular lens market accounted for $3.31 billion in 2015 and is projected to reach $4.97 billion by 2022, registering a CAGR of 5.9% during the period from 2016 to 2022.
Download Sample: https://www.alliedmarketresearch.com/request-sample/2092
Rise in prevalence of cataract, increase in adoption of premium intraocular lens, surge in government initiatives, and increase in geriatric population that suffers from ocular conditions are the major drivers of the global intraocular lens market. However, post-operative complications and lack of coverage of premium lens hamper the market growth. On the contrary, availability of advanced technologies and untapped potential in emerging nations are expected to create lucrative opportunities in the near future.
Global intraocular lens market is divided into type, material, end user, and region. On the basis of type, the market is bifurcated into monofocal intraocular lens and premium intraocular lens. The monofocal intraocular lens segment is projected to garner the largest market share during the forecast period, owing to its advantages such as low and better reimbursement scenario.
On the basis of material, the market is divided into polymethylmethacrylate (PMMA), silicone, and hydrophobic acrylic. The silicone segment held the largest share in 2015, contributing more than half of the total market share. However, the hydrophobic acrylic segment is estimated to exhibit the highest growth rate of 7.1% during the forecast period.
Based on end user, the market is segmented into hospitals, ambulatory surgical centers, ophthalmology clinics, and eye research institutes. The ambulatory surgery centers segment generated the highest revenue in 2015, contributing about half of the total market, and is projected to register the highest CAGR of 6.7% during the forecast period.
On the basis of geography, the market is divided into North America, Europe, Asia-Pacific, and Latin America, Middle East and Africa (LAMEA). The Asia-Pacific is estimated to manifest the fastest CAGR of 7.0% during the study period, owing to improvement in healthcare infrastructures and increase in expenditures in developing markets including such as India and China to cater to the unmet medical needs. Moreover, the rapid technological advancements to develop cost-effective devices have boosted market growth.
The major market players are profiled in the report, including Alcon, Inc. (division of Novartis AG), Valeant, Rayner, Lenstec, Inc., STAAR Surgical, Johnson & Johnson, Carl Zeiss Meditec AG, EyeKon Medical, Inc., HumanOptics AG, and HOYA GROUP.
Read More: https://www.alliedmarketresearch.com/press-release/intraocular-lens-market.html
About Us:
Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Your information will never be shared with any third party.