Intraocular Lenses Global Market Report 2023: Growing Demand for Phacoemulsification Drives Adoption of Foldable Lenses


Dublin, March 23, 2023 (GLOBE NEWSWIRE) -- The "Intraocular Lenses: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Intraocular Lenses Market to Reach $6.8 Billion by 2030

In the changed post COVID-19 business landscape, the global market for Intraocular Lenses estimated at US$3.8 Billion in the year 2022, is projected to reach a revised size of US$6.8 Billion by 2030, growing at a CAGR of 7.4% over the analysis period 2022-2030. Standard, one of the segments analyzed in the report, is projected to record 6.3% CAGR and reach US$3.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Premium segment is readjusted to a revised 8.8% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1 Billion, While China is Forecast to Grow at 11.4% CAGR

The Intraocular Lenses market in the U.S. is estimated at US$1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.5 Billion by the year 2030 trailing a CAGR of 11.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.5% and 5.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.4% CAGR.

Select Competitors (Total 28 Featured) -

  • Aaren Scientific Inc.
  • Bausch + Lomb Inc.
  • Carl Zeiss Meditec AG
  • EyeKon Medical Inc.
  • Hoya Corporation
  • Johnson & Johnson Vision Care Inc.
  • Lenstec Inc.
  • OPHTEC BV
  • PhysIOL s.a.
  • Rayner Intraocular Lenses Limited
  • STAAR Surgical Company
  • The HumanOptics AG

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Key Attributes:

Report AttributeDetails
No. of Pages266
Forecast Period2020 - 2027
Estimated Market Value (USD) in 2020$3.7 Billion
Forecasted Market Value (USD) by 2027$5.5 Billion
Compound Annual Growth Rate5.8%
Regions CoveredGlobal


Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Rising Incidence of Vision Disorders and the Subsequent Need for Vision Correction Procedures: A Business Case for Ocular Products
  • Recent Market Activity
  • Intraocular Lenses (IOLs) - Promise of Improved Vision Aids Market Growth
  • Growth Drivers and Restraints - In a Nutshell
  • Increasing Volume of Cataract Surgeries - Growth Opportunity for IOL Market
  • Developed Countries Dominate with US Leading the Way in the IOLs Market
  • Premium Products Drive Revenue Growth
  • Increase in IOL Implantations at Hospitals & Ambulatory Surgery Centers
  • Foldable IOLs Find Favor
  • Intraocular Lenses - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Challenges Confronting IOL Market
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • The Transition from Non-foldable to Foldable Continues
  • Growing Demand for Phacoemulsification Drives Adoption of Foldable Lenses
  • Healthcare Spending & General Economy:Key Determinations of Growth in IOL Market
  • Demographic Factors Influencing Growth in the IOL Market
  • Dramatic Growth in Geriatric Population
  • Burgeoning Global Population & Urbanization
  • Rising Risk of Diabetic Retinopathy Fuels Growth in IOLs Market
  • Target Customer Groups & their Requirement Patterns
  • Technological Innovations: A Boon to the IOL Industry
  • Lasers: The High-Tech Solution
  • Viscosurgery: A Safer Alternative
  • Low Energy Methods for Cataract Removal
  • Trifocal and Multifocal IOLs for Extended Depth of Focus
  • Latest Developments in IOLs and Associated Technologies
  • Perfect Lens
  • IC-8 IOL
  • Omega Gemini Capsule
  • Femtosecond Laser Heralds Next Generation of Refractive Surgery
  • Product Innovations in Accommodative IOLs Pep-Up the Market
  • PC-IOLs: Raising the Standard
  • Accommodative IOLs or Multifocal IOLs - The Tussle Carries On
  • Post-Operative Refractive Errors: A Concern for Premium IOLs
  • Adjustable IOLs - Addressing Refractive Concerns of IOLs
  • Debate Continues on Whether UV Protection is Essential in IOLs
  • The Blue Light Saga
  • Reimbursement Programs: The Key Determinant for Advanced IOLs
  • IOL Reimbursement - A Comparison between the US and European Systems

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

A selection of companies mentioned in this report includes

  • Aaren Scientific Inc.
  • Bausch + Lomb Inc.
  • Carl Zeiss Meditec AG
  • EyeKon Medical Inc.
  • Hoya Corporation
  • Johnson & Johnson Vision Care Inc.
  • Lenstec Inc.
  • OPHTEC BV
  • PhysIOL s.a.
  • Rayner Intraocular Lenses Limited
  • STAAR Surgical Company
  • The HumanOptics AG

For more information about this report visit https://www.researchandmarkets.com/r/uostmn

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Global Market for Intraocular Lenses

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