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Exclusive Report on Intraocular Lens Market 2019 | Industry Drivers, Business Plans, Types, Applications, Challenges, Opportunities and Latest Trends Forecast to 2024

Intraocular

The “Intraocular Lens Market” 2019 report provides market size (value and volume), market share, growth rate by types, applications, and combines both qualitative and quantitative methods to make micro and macro forecasts in different regions or countries. Intraocular Lens Market report also aims to provide useful and comprehensive insights into current market trends and future growth scenarios. Intraocular Lens market report contains information like SWOT analysis, business highlights, strength, weakness, threats and opportunities of industry.

Top Manufacturers of Intraocular Lens Market Are:

  • Novartis AG (Alcon)
  • Bausch Health Companies Inc. (Bausch + Lomb)
  • Carl Zeiss Meditec AG
  • EyeKon Medical Inc.
  • HOYA CORPORATION
  • HumanOptics AG
  • Johnson and Johnson Vision Care Inc.
  • Lenstec Inc.
  • Rayner
  • STAAR Surgical Company

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    Market Overview:

  • The global intraocular lens was valued USD 3,825.6 in 2018 and is expected to witness a CAGR of 4.89% over the period, 2018-2024 (henceforth, the forecast period). Intraocular lenses (IOLs) are implantable medical devices used for vision correction. The key factors propelling the intraocular lens market are increasing ophthalmic issues, growing cases of cataract in the diabetic population, and rising adoption of advanced premium IOLs. A large section of people above the age of 60 years is affected by several kinds of ophthalmic issues, which are chronic and demand eye corrections. Owing to such scenarios, the growth IOLs has increased with the demand, offering more precise solutions and varied options for physicians for a particular disease. Moreover, the presence of reimbursement policies for essential ophthalmic surgeries and a definite regulatory framework are enhancing growth in the market.
  • According to the National Eye Institute, the United States recorded 7.7 million diabetic retinopathy cases and 24 million cataract cases and is expected to reach 11.3 million and 38 million, respectively, by 2030. In addition, the American Association of Ophthalmology states that the major cause of visual impairment around the world is reported to be a cataract, and geriatric ocular issues are emerging as prime factors in the developing countries. Hence, such a rise in the ophthalmic conditions across the world is expected to drive the growth of the IOL market, over the forecast period.
  • Other than the adoption rate, there are few challenges associated with intraocular lenses, like the confusions and errors related to intraocular lenses (IOL) are found to be among the most common postoperative adverse events, as well as the most errors related to incorrect IOL implantation, which restricts its usage. In addition, the reimbursement provided for IOL implants is less and not known widely. The cataract surgery in the United States costs around USD 3,600 to USD 6,600, without insurance coverage. Thus, increasing costs of IOLs and poor reimbursement coverage are expected to hamper the market growth, over the forecast period.

    Scope of the Report:

  • Several types of intraocular lenses are available in the market, to improve vision. As per the , the global intraocular lens market is segmented by product (monofocal, accommodative, mulltifocal, and toric intraocular lens), end user (hospitals, ambulatory centers, and other centers), and major geographical locations.

    Intraocular Lens Market Report Answers the Following Questions:

    • What will the market size and the growth rate be in 2024?
    • What are the key factors driving the global Intraocular Lens market?
    • What are the key market trends impacting the growth of the global Intraocular Lens market?
    • What are the challenges to market growth?
    • Who are the key vendors in the global Intraocular Lens market?
    • What are the market opportunities and threats faced by the vendors in the global Intraocular Lens market?
    • Trending factors influencing the market shares of the relevant regions.
    • What are the key outcomes of the five forces analysis of the global Intraocular Lens market?

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    Key Market Trends:

    Accommodative IOL is the Segment Under Product, which is Expected to Grow Fastest During the Forecast Period.

    Accommodative intraocular lenses are known to accommodate well with post-surgical changes, as compared to that of monofocal IOLs. These are preferred by patients suffering from macular degeneration, as they support the eye muscles in focusing on intermediate and distant objects. These lenses are widely used in the treatment of presbyopia and astigmatism. Moreover, the monofocal intraocular lens is the first choice for many, as it can provide the best image quality after the surgery and, thus, has the largest share of around 30% in the market.

    Asia-Pacific is Expected to Provide the Fastest Growth to the Intraocular Lens Market over the Forecast Period

    The Asia Pacific is expected to exhibit the fastest growth in terms of revenue. China and India are expected to show the fastest growth in the Asia-Pacific region. Some of the key driving forces for the intraocular lens market in emerging countries are government initiatives to include eye care in social security systems, a rise in geriatric population, increasing cataract cases, and projected rise in diabetic population.

    Diabetic patients are susceptible to macular degeneration, diabetic retinopathy, and cataract. Hence the increase in the diabetic population results in the rising need for IOLs. India accounted for a diabetic population of 50.8 million whereas the Eastern and Western Pacific regions accounted for 59 million and 77 million diabetic patients respectively according to the International Diabetes Federation.

    Other factors contributing high to this market growth is the medical tourism industry and massive patient pool. Also, the increasing initiatives of government and non-government organizations to provide affordable eye care in the Asia-Pacific region are expected to boost market growth.

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

    The report provides key statistics on the market status of the Intraocular Lens Market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Intraocular Lens.

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    Report Objectives:

    • Analyzing the size of the Intraocular Lens market on the basis of value and volume.
    • Accurately calculating the market segments, consumption, and other dynamic factors of different sections of the global Intraocular Lens market.
    • Determining the key dynamics of the Intraocular Lens market.
    • Highlighting significant trends of the Intraocular Lens market in terms of manufacture, revenue, and sales.
    • Deeply summarizing top players of the Intraocular Lens market and showing how they compete in the industry.
    • Studying industry processes and costs, product pricing, and various trends related to them.
    • Displaying the performance of different regions and countries in the global Intraocular Lens market.

    Detailed TOC of Intraocular Lens Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Market Drivers
    4.2.1 Increasing Ophthalmic Issues
    4.2.2 Increasing Cases of Cataract in the Diabetic Population
    4.2.3 Rising Adoption of Advanced Premium IOLs
    4.3 Market Restraints
    4.3.1 High Cost of IOLs
    4.3.2 Lack of Reimbursement Policies
    4.4 Porter’s Five Forces Analysis
    4.4.1 Threat of New Entrants
    4.4.2 Bargaining Power of Buyers/Consumers
    4.4.3 Bargaining Power of Suppliers
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Product
    5.1.1 Monofocal Intraocular Lens
    5.1.2 Accommodative Intraocular Lens
    5.1.3 Multifocal Intraocular Lens
    5.1.4 Toric Intraocular Lens
    5.2 By End User
    5.2.1 Hospitals
    5.2.2 Ambulatory Centers
    5.2.3 Other Centers
    5.3 Geography
    5.3.1 North America
    5.3.1.1 US
    5.3.1.2 Canada
    5.3.1.3 Mexico
    5.3.2 Europe
    5.3.2.1 Germany
    5.3.2.2 UK
    5.3.2.3 France
    5.3.2.4 Italy
    5.3.2.5 Spain
    5.3.2.6 Rest of Europe
    5.3.3 Asia-Pacific
    5.3.3.1 China
    5.3.3.2 Japan
    5.3.3.3 India
    5.3.3.4 Australia
    5.3.3.5 South korea
    5.3.3.6 Rest of Asia-Pacific
    5.3.4 Middle East & Africa
    5.3.4.1 GCC
    5.3.4.2 South Africa
    5.3.4.3 Rest of Middle East & Africa
    5.3.5 South America
    5.3.5.1 Brazil
    5.3.5.2 Argentina
    5.3.5.3 Rest of South America

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Novartis AG (Alcon)
    6.1.2 Bausch Health Companies Inc. (Bausch + Lomb)
    6.1.3 Carl Zeiss Meditec AG
    6.1.4 EyeKon Medical Inc.
    6.1.5 HOYA CORPORATION
    6.1.6 HumanOptics AG
    6.1.7 Johnson and Johnson Vision Care Inc.
    6.1.8 Lenstec Inc.
    6.1.9 Rayner
    6.1.10 STAAR Surgical Company

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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