The implantation of an intraocular lens (IOL) restores normal vision and considerably minimizes the complications associated with cataract eyeglasses and contact lenses. Surgical interventions for removing the human lens evolved over time based on the size of the incision. Later, the development of implantable, bearable, and technically possible IOLs transformed cataract surgery. For a long time, Hard or Polymethylmethacrylate (PMMA) intraocular lens material was the favored intraocular lens material due to its lightweight, cleanliness, and durability, which were un-foldable lenses. PMMA lenses are soon replaced by silicone lenses, hydrophobic and hydrophilic acrylic lenses as IOL material advances. Furthermore, ongoing advancements in new intraocular lens (IOL) design and materials have provided more possibilities, such as hydrogel, soft acrylic, and silicone IOL. Moreover, simplicity, availability, price, and surgeon choice are all primary factors in IOL adoption. Major players in the intraocular lens market currently provide a variety of IOLs to improve vision, such as monofocal lenses, multifocal lenses, toric lenses, accommodating lenses, and trifocal lenses.
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The growing market for multi-distance vision lenses, as well as a rise in awareness campaigns for cataract patients by the government as well as private organizations, are projected to drive growth in the intraocular lens market during the forecast period. Furthermore, the use of advanced technologies for cataract surgery, as well as the debut of various market players providing technologically sophisticated intraocular lenses at affordable pricing, are expected to drive the global intraocular lens market growth over the forecast period. For instance, some market players in Asia are providing products with an equivalent level of performance to high-end intraocular lenses, even at a lower cost. In Asian markets such as China and India, the intraocular lens market is expected to grow significantly. This is primarily due to reasons such as increased availability of trained physicians and other health care practitioners, decreased medical facility prices, and the joint efforts of government and domestic players to enhance patient access.
The global intraocular lens market was worth US$ 3.8 billion in 2017 and is expected to grow at a CAGR of 7.5% during the forecast period 2017 and 2025.
The growing number of cataract surgeries is expected to propel the global Intraocular Lens Market growth over the forecast period.
Extended exposure to sunlight, cigarette, alcohol usage and diabetes are the leading causes of cataracts, and the growing number of cataract patients is boosting the demand for cataract procedures. Furthermore, as diabetes is a leading cause of blindness, the frequency of cataract surgeries has increased. Diabetes affected around 422 million individuals in 2014, according to the World Health Organization (WHO). Furthermore, according to WHO, an anticipated 253 million individuals suffering from vision impairment in 2017, with around 36 million being blind and 217 million having mild to severe vision problems. As a result of the aging process, cataracts are a leading cause of blindness in the U. S. According to WHO, the global prevalence of cataracts is 46 percent in 2017, which fuels the global intraocular lens market growth over the forecast period.
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Increased government initiatives and awareness campaigns for cataract patients are propelling the intraocular lens market growth over the forecast period.
Government and non-governmental organizations are collaborating to raise awareness about cataracts and related problems such as blindness. For instance, according to WHO, an estimated 253 million people globally experienced vision problems in 2017, requiring government interventions and awareness campaigns for cataract sufferers. In 1999, the WHO and an international NGO task force jointly drafted and released a single agenda for worldwide action called ‘The Vision 2020- the right to sight,’ with the goal of eliminating blindness globally by 2020. This group collaborates to reduce the consequences of blindness in terms of progress, economics, social, and life quality, which is expected to boost the growth of the intraocular lens market during the forecast period.
Moreover, the International Federation of Ophthalmological Societies, the International Agency for the Prevention of Blindness, Operation Eyesight Universal, Al Noor Foundation, Helen Keller Worldwide, Christoffel-Blindenmission (Christian Blind Mission International), The Carter Center, Organization pour la Prévention de la Cécité, Sight Savers International, ORBIS International, The Fred Hollows Foundation, and Lions Clubs International Foundation are among the non-governmental organizations (NGOs) involved in the Vision 2020 program to prevent blindness globally.
In India, as part of a Maharashtra Government scheme, around 1,700,000 cataract patients are expected to undertake cataract procedures during December 2017 and July 2019, boosting the increased need for intraocular lenses for cataract patients. Lions Clubs International Foundation (LCIF), in collaboration with the Peoples Republic of China, launched a new phase of their campaign in China termed as SightFirst China Action (SFCA) in 2011, with the goal of preventing blindness.
Some of the key players contributing to the global intraocular lens market are Carl Zeiss Meditec AG, Ophtec BV, Rayner Intraocular Lenses Limited, HOYA Corporation, HumanOptics AG, Alcon, Bausch & Lomb Inc., Johnson & Johnson, and STAAR Surgical Company, Lenstec, Inc.
Reasons to Purchase this Report
• Current and future of global Intraocular Lens market outlook in the developed and emerging markets
• The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
• Regions/countries that are expected to witness the fastest growth rates during the forecast period
• The latest developments, market shares, and strategies that are employed by the major market players
Table of Content
- Research Objective and Assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Overview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Flexibility
- Market Snippet, By Product Type
- Market Snippet, By Material
- Market Snippet, By End User
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Epidemiology
- Regulatory Landscape
- Reimbursement Scenario
- Alternative Therapies
- PEST Analysis
- Market Dynamics
- Global Intraocular Lens Market, By Flexibility, 2015 – 2025, (US$ Million and Units)
- Introduction
- Market Share Analysis, 2017 and 2025 (%)
- Y-o-Y Growth Analysis, 2016 – 2025
- Segment Trends
- Folded
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2015 – 2025, (US$ Million and Units)
- Rigid
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2015 – 2025, (US$ Million and Units)
- Introduction
- Global Intraocular Lens Market, By Product Type, 2015 – 2025, (US$ Million and Units)
- Introduction
- Market Share Analysis, 2017 and 2025 (%)
- Y-o-Y Growth Analysis, 2016 – 2025
- Segment Trends
- Premium Intraocular Lens
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2015 – 2025, (US$ Million and Units)
- Multifocal Intraocular lens
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2015 – 2025, (US$ Million and Units)
- Accommodating Intraocular lens
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2015 – 2025, (US$ Million and Units)
- Toric Intraocular lens
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2015 – 2025, (US$ Million and Units)
- Monofocal Intraocular Lens
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2015 – 2025, (US$ Million and Units)
- Preloaded Intraocular Lens
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2015 – 2025, (US$ Million and Units)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2015 – 2025, (US$ Million)
- Introduction
- Global Intraocular Lens Market, By Material, 2015 – 2025, (US$ Million)
- Introduction
- Market Share Analysis, 2017 and 2025 (%)
- Y-o-Y Growth Analysis, 2016–2025
- Segment Trends
- Polymethylmethacrylate (PMMA)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2015 – 2025, (US$ Million)
- Silicone
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2015 – 2025, (US$ Million)
- Hydrophillic
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2015 – 2025, (US$ Million)
- Hydrophobic Acrylic
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2015 – 2025, (US$ Million)
- Introduction
- Global Intraocular Lens Market, By End User, 2015 – 2025, (US$ Million)
- Introduction
- Market Share Analysis, 2017 and 2025 (%)
- Y-o-Y Growth Analysis, 2016–2025
- Segment Trends
- Hospitals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2015 – 2025, (US$ Million)
- Ambulatory Surgery Centers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2015 – 2025, (US$ Million)
- Eye Research Institutes
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2015 – 2025, (US$ Million)
- Ophthalmology clinics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2015 – 2025, (US$ Million)
- Introduction
- Global Intraocular Lens Market, By Region, 2015 – 2025, (US$ Million)
- Introduction
- Market Share Analysis, By Region, 2017 and 2025 (%)
- Y-o-Y Growth Analysis, By Region, 2016–2025
- Regional Trends
- North America
- Market Size, Volume and Forecast, By Flexibility, 2015 – 2025, (US$ Million and Units)
- Market Size, Volume, and Forecast, By Product Type, 2015 – 2025, (US$ Million and Units)
- Market Size and Forecast, By Material, 2015 – 2025, (US$ Million)
- Market Size and Forecast, By End User, 2015 – 2025, (US$ Million)
- Market Size and Forecast, By Country, 2015 – 2025, (US$ Million)
- U.S.
- Market Size, Volume and Forecast, By Flexibility, 2015 – 2025, (US$ Million and Units)
- Canada
- Market Size, Volume and Forecast, By Flexibility, 2015 – 2025, (US$ Million and Units)
- U.S.
- Europe
- Market Size, Volume and Forecast, By Flexibility, 2015 – 2025, (US$ Million and Units)
- Market Size, Volume, and Forecast, By Product Type, 2015 – 2025, (US$ Million and Units)
- Market Size and Forecast, By Material, 2015 – 2025, (US$ Million)
- Market Size and Forecast, By End User, 2015 – 2025, (US$ Million)
- Market Size and Forecast, By Country, 2015 – 2025, (US$ Million)
- U.K.
- Market Size, Volume and Forecast, By Flexibility, 2015 – 2025, (US$ Million and Units)
- Germany
- Market Size, Volume and Forecast, By Flexibility, 2015 – 2025, (US$ Million and Units)
- Italy
- Market Size, Volume and Forecast, By Flexibility, 2015 – 2025, (US$ Million and Units)
- France
- Market Size, Volume and Forecast, By Flexibility, 2015 – 2025, (US$ Million and Units)
- Spain
- Market Size, Volume and Forecast, By Flexibility, 2015 – 2025, (US$ Million and Units)
- Ukraine
- Market Size, Volume and Forecast, By Flexibility, 2015 – 2025, (US$ Million and Units)
- Poland
- Market Size, Volume and Forecast, By Flexibility, 2015 – 2025, (US$ Million and Units)
- Belgium
- Market Size, Volume and Forecast, By Flexibility, 2015 – 2025, (US$ Million and Units)
- Greece
- Market Size, Volume and Forecast, By Flexibility, 2015 – 2025, (US$ Million and Units)
- Netherland
- Market Size, Volume and Forecast, By Flexibility, 2015 – 2025, (US$ Million and Units)
- Sweden
- Market Size, Volume and Forecast, By Flexibility, 2015 – 2025, (US$ Million and Units)
- Hungary
- Market Size, Volume and Forecast, By Flexibility, 2015 – 2025, (US$ Million and Units)
- Russia
- Market Size, Volume and Forecast, By Flexibility, 2015 – 2025, (US$ Million and Units)
- Rest of Europe
- Market Size, Volume and Forecast, By Flexibility, 2015 – 2025, (US$ Million and Units)
- U.K.
- Asia Pacific
- Market Size, Volume and Forecast, By Flexibility, 2015 – 2025, (US$ Million and Units)
- Market Size, Volume, and Forecast, By Product Type, 2015 – 2025, (US$ Million and Units)
- Market Size and Forecast, By Material, 2015 – 2025, (US$ Million)
- Market Size and Forecast, By End User, 2015 – 2025, (US$ Million)
- Market Size and Forecast, By Country, 2015 – 2025, (US$ Million)
- China
- Market Size, Volume and Forecast, By Flexibility, 2015 – 2025, (US$ Million and Units)
- Japan
- Market Size, Volume and Forecast, By Flexibility, 2015 – 2025, (US$ Million and Units)
- India
- Market Size, Volume and Forecast, By Flexibility, 2015 – 2025, (US$ Million and Units)
- ASEAN
- Market Size, Volume and Forecast, By Flexibility, 2015 – 2025, (US$ Million and Units)
- Australia
- Market Size, Volume and Forecast, By Flexibility, 2015 – 2025, (US$ Million and Units)
- New Zealand
- Market Size, Volume and Forecast, By Flexibility, 2015 – 2025, (US$ Million and Units)
- South Korea
- Market Size, Volume and Forecast, By Flexibility, 2015 – 2025, (US$ Million and Units)
- Rest of Asia Pacific
- Market Size, Volume and Forecast, By Flexibility, 2015 – 2025, (US$ Million and Units)
- China
- Latin America
- Market Size, Volume and Forecast, By Flexibility, 2015 – 2025, (US$ Million and Units)
- Market Size, Volume, and Forecast, By Product Type, 2015 – 2025, (US$ Million and Units)
- Market Size and Forecast, By Material, 2015 – 2025, (US$ Million)
- Market Size and Forecast, By End User, 2015 – 2025, (US$ Million)
- Market Size and Forecast, By Country, 2015 – 2025, (US$ Million)
- Brazil
- Market Size, Volume and Forecast, By Flexibility, 2015 – 2025, (US$ Million and Units)
- Mexico
- Market Size, Volume and Forecast, By Flexibility, 2015 – 2025, (US$ Million and Units)
- Rest of Latin America
- Market Size, Volume and Forecast, By Flexibility, 2015 – 2025, (US$ Million and Units)
- Brazil
- Africa
- Market Size, Volume and Forecast, By Flexibility, 2015 – 2025, (US$ Million and Units)
- Market Size, Volume, and Forecast, By Product Type, 2015 – 2025, (US$ Million and Units)
- Market Size and Forecast, By Material, 2015 – 2025, (US$ Million)
- Market Size and Forecast, By End User, 2015 – 2025, (US$ Million)
- Market Size and Forecast, By Country, 2015 – 2025, (US$ Million)
- North Africa
- Market Size, Volume and Forecast, By Flexibility, 2015 – 2025, (US$ Million and Units)
- Central Africa
- Market Size, Volume and Forecast, By Flexibility, 2015 – 2025, (US$ Million and Units)
- South Africa
- Market Size, Volume and Forecast, By Flexibility, 2015 – 2025, (US$ Million and Units)
- North Africa
- Middle East
- Market Size, Volume and Forecast, By Flexibility, 2015 – 2025, (US$ Million and Units)
- Market Size, Volume, and Forecast, By Product Type, 2015 – 2025, (US$ Million and Units)
- Market Size and Forecast, By Material, 2015 – 2025, (US$ Million)
- Market Size and Forecast, By End User, 2015 – 2025, (US$ Million)
- Market Size and Forecast, By Country, 2015 – 2025, (US$ Million)
- GCC Countries
- Market Size, Volume and Forecast, By Flexibility, 2015 – 2025, (US$ Million and Units)
- Israel
- Market Size, Volume and Forecast, By Flexibility, 2015 – 2025, (US$ Million and Units)
- Lebanon
- Market Size, Volume and Forecast, By Flexibility, 2015 – 2025, (US$ Million and Units)
- Rest of Middle East
- Market Size, Volume and Forecast, By Flexibility, 2015 – 2025, (US$ Million and Units)
- GCC Countries
- Introduction
- Competitive Landscape
- Heat Map Analysis
- Company Profiles
- STAAR Surgical Company
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- HOYA Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Lenstec, Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Ophtec BV
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Johnson & Johnson
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Alcon
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Bausch & Lomb Incorporated
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Carl Zeiss Meditec AG
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Rayner Intraocular Lenses Limited
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- HumanOptics AG
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- STAAR Surgical Company
- Section
- References
- Research Methodology
- About Us and Sales Contact
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