Intraocular Lens Market is Expected to Reach $6.0 Billion | MarketsandMarkets™


Chicago, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Intraocular Lens market in terms of revenue was estimated to be worth $4.2 Billion in 2023 and is poised to reach $6.0 Billion by 2029, growing at a CAGR of 6.3% from 2023 to 2029 according to a latest report published by MarketsandMarkets™. Increasing in the number of cataract surgeries, growing awareness of minimally invasive surgeries, growing number of old age population, and rise in the technological advancement in IOLs are the major factor driving the growth of intraocular lens market.

Download an Illustrative overview: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=263730551

Intraocular Lens Market Scope:

Report CoverageDetails
Market Revenue in 2023$4.2 Billion
Estimated Value by 2029$6.0 Billion
Growth RatePoised to grow at a CAGR of 6.3%
Market Size Available for2021 - 2029
Forecast Period2023 - 2029
Forecast UnitsValue (USD Billion)
Report CoverageRevenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments CoveredType, Material, Application, End user, and Region
Geographies Covered
  • North America
    • US
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Australia
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil
    • Mexico
    • Rest of LATAM
  • Middle East and Africa
Report HighlightsUpdated financial information / product portfolio of players
Key Market OpportunityEmerging market with untapped opportunities
Key Market DriverSurge in the old age population

Manufacturers of intraocular lenses continuously develop cutting-edge, new technology that is safer, more efficient, and more effective than existing lenses.  Additionally, they are creating new technology that will enable surgeons to more precisely and successfully identify and treat cataract surgeries with intraocular lenses. Manufacturers of intraocular lens are connecting with a broader international market and supplying globally with their products. This is contributing to the expansion of the global intraocular lens market.

The Monofocal IOLs market register the highest market share of the global intraocular lens market. Cost-effectiveness of monofocal IOLs compare to other IOLs, High usage of Monofocal IOLs in most of the common eye surgeries, and continuous improvements in materials and design are some of the factors driving monofocal IOLs in the intraocular lens market.

Cataract surgery in Application segment results fastest growing segment in intraocular lens market. Rising prevalence of catracts, the growing demand for cataract surgery due to ageing population, and advantages of the extremely effective and safe cataract surgery treatment are the factors responsible for the segment to expand with faster rate in the intraocular lens market.

By End user, the intraocular lens market is segmented into Hospitals, Ophthalmology Clinics, Eye Research Institutes, and Others. The hospitals segment accounted for the largest share of the market in 2022. high adoption of novel technology in eye surgeries related to intraocular lenses, large number of cataract surgeries performed, and comprehensive patient care are the driving factors for the hospital segment in the global intraocular lens market.

Geographically, the intraocular lens market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. The market for intraocular lens was dominated by North America. The growing number of cataract surgeries, rising healthcare costs,  and the expansion of  insurance coverage are all responsible for this region's significant growth. The second-largest market for intraocular lenses is found in Europe, which is characterized by a rise in the number of cataracts, well-organized healthcare infrastructure, and insurance coverage.

Buy a Intraocular Lens Industry Report (248 Pages PDF with Insightful Charts, Tables, and Figures): https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=263730551

Intraocular Lens market major players covered in the report, such as:

  • Alcon Inc. (US)
  • Johnson & Johnson Vision Care, Inc. (US)
  • Carl Zeiss Meditec AG (Germany)
  • Hoya Corporation (Japan)
  • Bausch & Lomb (US)
  • STAAR Surgical (US)
  • Santen Pharmaceutical Co., Ltd. (Japan)
  • NIDEK Co., Ltd. (Japan)
  • LENSTEC, Inc. (US)
  • Rayner Group (England)
  • Beaver-Visitec International (US)
  • Ophtec B.V. (Netherlands)
  • SAV-IOL SA (Switzerland)
  • Appasamy Associates Private Limited (India)
  • Atia Vision, Inc. (US)
  • Biotech vision care (Switzerland)
  • Teleon Surgical BV (Netherlands)
  • OMNI Lens Pvt. Ltd. (India)
  • EyeKon Medical, Inc. (US)
  • Humanoptics Holding AG (Germany)
  • Care Group (India)
  • SIFI S.p.A. (Italy)
  • Hanita Lenses Ltd (Israel)
  • Excellent Hi-Care Pvt Ltd. (India)
  • Advin Health Care (India)
  • and Among Others

Request for FREE Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=263730551

The research report categorizes intraocular lens market into the following segments and sub-segments:

By type

  • Monofocal IOLs
  • Premium IOLs
  • Phakic IOLs
  • Others

By Material

  • Hydrophobic Acrylic IOLs
  • Hydrophilic Acrylic IOLs
  • PolyMethylMethAcrylate
  • Silicone IOLs
  • Others

By Application

  • Cataract Surgery
  • Presbyopia
  • Corneal Disorders
  • Others

By End user

  • Hospitals
  • Ophthalmology Clinics
  • Eye Research Institutes
  • Others

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=263730551

Key Market Stakeholders:

  • Manufacturers of intraocular lenses
  • Eye research Institutions
  • Contract Manufacturing Organizations (CMOs)
  • Government Associations
  • Market Research and Consulting Firms
  • Venture Capitalists and Investors
  • Distributors of intraocular lenses
  • Ophthalmic devices Research & Development (R&D) Companies
  • Ophthalmology hospitals and clinics

Report Objectives:

  • To define, describe, and forecast the global intraocular lens market by type, by material, application, end user, and region.
  • To provide detailed information regarding the major factors influencing market growth, such as drivers, restraints, opportunities, and challenges.
  • To strategically analyze the regulatory scenario, pricing trends, value chain, supply chain, ecosystem map, Porter's five force analysis, regulatory analysis, technology analysis, and patent analysis of the intraocular lens market.
  • Analyzing micromarkets concerning individual growth trends, prospects, and contributions to the intraocular lens market. 
  • To analyze the opportunities in the market for stakeholders and provide market leaders with details on the competitive landscape.
  • To strategically analyze the intraocular lens market in five regions: North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
  • To profile the key players in the global intraocular lens market and comprehensively analyze their core competencies and market shares. 
  • To track and analyze competitive developments such as acquisitions, product launches, and product approvals in the global intraocular lens market.
  • To evaluate the impact of the recession on the intraocular lens market worldwide.

Related Reports:

Ophthalmic Equipment Market

Medical Device Contract Manufacturing Market

Surgical Robots Market

Contact Lenses Market

Ambulatory Surgical Centers Market

Research Insight: https://www.marketsandmarkets.com/ResearchInsight/intraocular-lens-market.asp

Content Source: https://www.marketsandmarkets.com/PressReleases/intraocular-lens.asp

 

Coordonnées