Intraocular Lens Market | 2021 Global Industry Forecast To 2026, is latest report on Global Intraocular Lens Industry, published by Fortune Business Insights. Report provides comprehensive information on Global Intraocular Lens Market and Impact of Covid-19 on Healthcare Industry. According to report Global market value of Intraocular Lens is to hit USD 5318.8 million value by 2026 at CAGR of 6.8%. Report segments Intraocular Lens Market By Type (Monofocal Intraocular Lens and Premium Intraocular Lens (Multifocal Intraocular Lens, Toric Intraocular Lens, and Others)), By Material (Polymethylmethacrylate (PMMA) and Foldable (Hydrophobic Acrylic, and Silicone & Collamer)), By End User (Hospitals & Ambulatory Surgery Centres, and Academic & Research Institutes) and Regional Forecast, 2019-2026
Major Intraocular Lens manufacturers are studied in this report for better understanding of global market scenario:
- Johnson & Johnson Services, Inc.
- Bausch & Lomb Incorporated
- HOYA Corporation
- STAAR SURGICAL
- Rayner Intraocular Lenses Limited
- Hanita Lenses
- SIFI S.p.A
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The global intraocular lens (IOL) market size is projected to reach USD 5,318.8 million by 2026, thereby exhibiting a CAGR of 6.8% during the forecast period. However, the market was worth USD 3,159.3 million in 2018. This information is published in a recent report by Fortune Business Insights™, titled, “Intraocular Lens (IOL) Market Size, Share & Industry Analysis, By Type [Monofocal Intraocular Lens and Premium Intraocular Lens (Multifocal Intraocular Lens, Toric Intraocular Lens, and Others)], By Material [Polymethylmethacrylate (PMMA) and Foldable (Hydrophobic Acrylic, Hydrophilic Acrylic, and Silicone & Collamer)], By End User (Hospitals & Ambulatory Surgery Centers, Specialty Clinics, and Academic & Research Institutes) and Regional Forecast, 2019-2026.” The report further states that the market is set to gain impetus from the rising number of NGOs offering free cataract surgeries and eye examinations.
The incidence of cataracts is rising at a rapid rate nowadays. It is, in turn, causing huge health as well as an economic burden in several countries. Therefore, the governments of these countries are launching various initiatives to eliminate cataracts. One such global initiative is called ‘Vision 2020’. It was put forward by the International Agency for the Prevention of Blindness (IAPB) to remove the major causes of avoidable blindness from the world. Additionally, the governments are conducting eye checkup camps and launching favorable reimbursement policies to achieve their target of Vision 2020. It is expected to augment the intraocular lens market growth during the forecast period.
Growing Popularity of Electric Vehicles Worldwide to Restrict the Market
By type, the market is grouped into premium intraocular lens and monofocal intraocular lens. Amongst these, the monofocal intraocular lens is expected to lead by gaining the maximum IOL market share in the coming years. This growth is attributable to the rising number of favorable government reimbursement policies as well as cost-effective nature.
The premium intraocular lens segment, on the other hand, consists of sub-segments, namely, toric intraocular lens, multifocal intraocular lens, and others. This segment has less penetration as compared to monofocal IOLs. This mainly occurs as multiple government-aided insurance policies do not cover the cost of premium intraocular lens. Thus, the patient has to pay for the same from their expenses. However, this segment is anticipated to showcase growth during the forecast period owing to the rising preference for toric lenses and their possession of numerous benefits.
The global pandemic, COVID-19, has led to severe repercussion owing to its widespread effects across several economies. Several industries are facing unprecedented losses owing to the lockdown announced by several governments across the globe that has resulted in the complete shutdown of the businesses. The crippling economy, however, is being revived through collective efforts from the government as well as the industries and is expected to bounce back in the coming years.
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing. The financial parameters which are assessed include the sales, profits and the overall revenue generated by the key players of Market. Furthermore, the report offers a detailed analysis and information as per Intraocular Lens Market Growth Analysis by manufacturers, market segments helping our readers to get a comprehensive overview of the global market. Several players are planning to focus on developing cost-effective products or services, aiming to maintain a strong foothold in the market.
Intraocular Lens Market report examines competitive scenario by analyzing key players in the market. The company profiling of leading market players is included this report with Porter’s five forces analysis and Value Chain analysis. Further, the strategies exercised by the companies for expansion of business through mergers, acquisitions, and other business development measures are discussed in the report. The financial parameters which are assessed include the sales, profits and the overall revenue generated by the key players of Market.
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Competitive And Regional Analysis:
This report focuses on Intraocular Lens Market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application. Regional analysis is another highly comprehensive part of the research and analysis study of the global market presented in the report.
North America to Hold Lion’s Share in the Market; Asia-Pacific to Follow
The market is geographically segregated into Asia Pacific, Europe, the Middle East and Africa, North America, and Latin America. Out of these, North America had generated USD 892.9 million IOL market value in 2018. It is set to retain its dominant position throughout the forecast period. It is likely to occur because of the increasing number of new product launches as well as the ongoing technological advancements, such as the Extended Depth of Focus (EDoF) and custom cataract lens.
Europe is expected to expand at a fast pace owing to the growing preference for toric lenses, rising adoption of femtosecond lasers for cataract surgery, and an increasing number of cataract surgery. Besides, various industry giants are present in this region. It would also contribute to the market growth.
Lastly, Asia Pacific is projected to experience high growth backed by strong government support and a rising number of cataract surgery. Apart from that, increasing prevalence of cataract and diabetes would propel the market in this region. The National Programme for Control of Blindness and Visual Impairment (NPCB&VI) declared that from the period of 2016 to 2017, over 6.4 million surgeries were performed in India. In emerging countries, such as Japan, China, and India, the occurrence of a high volume of cataract operations would fuel intraocular lens market growth.
Intraocular Lens Highlights of the Report:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the Supply Chain Analytics market.
- Product Development/Innovation: Detailed insights on the upcoming technologies, RandD activities, and product launches in the market
- Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Supply Chain Analytics market
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Key questions answered in the report:
- What are the opportunities & challenges for new entrants?
- Who are the prominent vendors present in the global market?
- Which segment would provide the most opportunity for market growth?
- Where will the current developments take the industry in the long term?
Table of Content:
1 Intraocular Lens Market Overview
1.1 Intraocular Lens Product Overview
1.2 Intraocular Lens Market Segment by Type
1.3 Global Intraocular Lens Market Size by Type (2015-2026)
1.3.1 Intraocular Lens Global Market Size Overview by Type (2015-2026)
1.3.2 Global Intraocular Lens Historic Market Size Review by Type (2015-2021)
184.108.40.206 Intraocular Lens Sales Global Market Share Breakdown by Type (2015-2026)
220.127.116.11 Intraocular Lens Global Market Share Breakdown by Type (2015-2026)
18.104.22.168 Global Intraocular Lens Average Selling Price (ASP) by Type (2015-2026)
1.3.3 Intraocular Lens Market Size Forecast by Type (2021-2026)
22.214.171.124 Global Intraocular Lens Sales Market Share Breakdown by Application (2021-2026)
126.96.36.199 Global Intraocular Lens Revenue Market Share Breakdown by Application (2021-2026)
188.8.131.52 Global Intraocular Lens Average Selling Price (ASP) by Application (2021-2026)
1.4 Key Regions Market Size Segment by Type (2015-2021)
1.4.1 North America Intraocular Lens Sales Breakdown by Type (2015-2026)
1.4.2 Europe Intraocular Lens Sales Breakdown by Type (2015-2026)
1.4.3 Asia-Pacific Intraocular Lens Sales Breakdown by Type (2015-2026)
1.4.4 Latin America Intraocular Lens Sales Breakdown by Type (2015-2026)
1.4.5 Middle East and Africa Intraocular Lens Sales Breakdown by Type (2015-2026)
2 Global Intraocular Lens Market Competition by Company
2.1 Global Top Players by Intraocular Lens Sales (2015-2021)
2.2 Global Top Players by Intraocular Lens Revenue (2015-2021)
2.3 Global Top Players Intraocular Lens Average Selling Price (ASP) (2015-2021)
2.4 Global Top Company Intraocular Lens Manufacturing Base Distribution, Sales Area, Product Type
2.5 Intraocular Lens Market Competitive Situation and Trends
2.5.1 Intraocular Lens Market Growth Rate (2015-2021)
2.5.2 Global 5 and 10 Largest Company by Intraocular Lens Sales and Revenue in 2019
2.6 Global Intraocular Lens Top Company by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Intraocular Lens as of 2019)
2.7 Date of Key Company Enter into Intraocular Lens Market
2.8 Key Company Intraocular Lens Product Offered
2.9 Mergers and Acquisitions, Expansion
3 Global Intraocular Lens Status and Outlook by Region (2015-2026)
3.1 Global Intraocular Lens Market Size and CAGR by Region: 2015 VS 2021 VS 2026
3.2 Global Intraocular Lens Market Size Market Share by Region (2015-2021)
3.2.1 Global Intraocular Lens Sales Market Share by Region (2015-2021)
3.2.2 Global Intraocular Lens Revenue Market Share by Region (2015-2021)
3.2.3 Global Intraocular Lens Sales, Revenue, Price and Gross Margin (2015-2021)
3.3 Global Intraocular Lens Market Size Market Share by Region (2021-2026)
3.3.1 Global Intraocular Lens Sales Market Share by Region (2021-2026)
3.3.2 Global Intraocular Lens Revenue Market Share by Region (2021-2026)
3.3.3 Global Intraocular Lens Sales, Revenue, Price and Gross Margin (2021-2026)
3.4 North America Intraocular Lens Market Size By Growth (2015-2026)
3.4.1 North America Intraocular Lens Revenue By Growth (2015-2026)
3.4.2 North America Intraocular Lens Sales By Growth (2015-2026)
3.5 Asia-Pacific Intraocular Lens Market Size By Growth (2015-2026)
3.5.1 Asia-Pacific Intraocular Lens Revenue By Growth (2015-2026)
3.5.2 Asia-Pacific Intraocular Lens Sales By Growth (2015-2026)
3.6 Europe Intraocular Lens Market Size By Growth (2015-2026)
3.6.1 Europe Intraocular Lens Revenue By Growth (2015-2026)
3.6.2 Europe Intraocular Lens Sales By Growth (2015-2026)
3.7 Latin America Intraocular Lens Market Size By Growth (2015-2026)
3.7.1 Latin America Intraocular Lens Revenue By Growth (2015-2026)
3.7.2 Latin America Intraocular Lens Sales By Growth (2015-2026)
3.8 Middle East and Africa Intraocular Lens Market Size By Growth (2015-2026)
3.8.1 Middle East and Africa Intraocular Lens Revenue By Growth (2015-2026)
3.8.2 Middle East and Africa Intraocular Lens Sales By Growth (2015-2026)
4 Global Intraocular Lens by Application
4.1 Intraocular Lens Segment by Application
4.2 Global Intraocular Lens Sales by Application: 2015 VS 2021 VS 2026
4.3 Global Intraocular Lens Historic Sales by Application (2015-2021)
4.4 Global Intraocular Lens Forecasted Sales by Application (2021-2026)
4.5 Key Regions Intraocular Lens Market Size by Application
4.5.1 North America Intraocular Lens by Application
4.5.2 Europe Intraocular Lens by Application
4.5.3 Asia-Pacific Intraocular Lens by Application
4.5.4 Latin America Intraocular Lens by Application
4.5.5 Middle East and Africa Intraocular Lens by Application
5 North America Intraocular Lens Market Size by Country (2015-2026)
5.1 North America Market Size Market Share by Country (2015-2021)
5.1.1 North America Intraocular Lens Sales Market Share by Country (2015-2021)
5.1.2 North America Intraocular Lens Revenue Market Share by Country (2015-2021)
5.2 North America Market Size Market Share by Country (2021-2026)
5.2.1 North America Intraocular Lens Sales Market Share by Country (2021-2026)
5.2.2 North America Intraocular Lens Revenue Market Share by Country (2021-2026)
5.3 North America Market Size By Growth by Country
5.3.1 U.S. Intraocular Lens Market Size By Growth (2015-2026)
5.3.2 Canada Intraocular Lens Market Size By Growth (2015-2026)
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