Intraocular Lens (IOL) Market Size, Share and Growth Forecast by Regions 2019-2022
12th June 2019 – The Intraocular Lens (IOL) Market is estimated to grow at a significant CAGR over the forecast period as the scope and its applications are rising enormously across the globe. Intraocular Lens (IOL) is a medical device used to replace the eye’s natural lens after cataract or myopia surgery. It is also used during vision correction surgery called refractive lens exchange. Acrylic and silicone material is used in the formation of IOLs. The commonly used IOL is pseudophakic IOL and phakic IOL.
The factors that are playing a major role in the growth of Intraocular Lens (IOL) Market are rising occurrence of eye diseases & diabetes among the populace, governments’ initiatives of funding treatment of blindness, increasing use of enhanced technology for the treatment, and rise in geriatric population, and age-related eye disorders across the globe. However, lack of awareness regarding eye disorders and low accessibility to eye care in developing countries may restrain overall market growth in the years to come. Intraocular Lens (IOL) Market is segmented based on type, material, end-user, and region.
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Phakic IOL, Traditional/ Monofocal IOL, Premium IOL, and the other types could be explored in Intraocular Lens (IOL) in the forecast period. Traditional/ Monofocal IOLs sector comprise spheric and aspheric monofocal IOL. Whereas, Premium IOLs comprise an extended depth of focus IOLs, multifocal IOLs, and accommodating IOL. The Monofocal IOLs sector accounted for the significant market share of Intraocular Lens (IOL) and is estimated to continue its dominance in the years to come. This may be because it is easy to insert during surgery, produces contrast sensitive optical image for patients and in comparison with other IOLs, it persuades less to zero aspheric aberration.
Polymethylmethacrylate IOLs and Foldable IOLs are the materials that could be explored in Intraocular Lens (IOL) in the forecast period. Foldable IOLs comprise hydrophilic and hydrophobic acrylic IOLs. The Foldable IOLs sector accounted for the substantial market share of Intraocular Lens (IOL) and is estimated to grow at highest CAGR in the years to come. The reason behind the overall market growth could be good center placement, developing three-piece IOLs and IOL haptics, and high light transmissibility.
The market may be categorized based on end-users like ambulatory surgical centers, ophthalmic clinics, hospitals, eye research institutes, and others could be explored in Intraocular Lens (IOL) in the forecast period. The hospital and ophthalmic clinic sector accounted for the majority market share of Intraocular Lens (IOL). In addition, ambulatory surgical centers sector is estimated to grow at fastest pace in the years to come.
Key Product Types
• Monofocal IOLs
• Multifocal IOLs
• Accommodating IOLs
Key Vendors
• Alcon/Novartis
• AMO/Abbott
• Bausch + Lomb
• Carl Zeiss
• HOYA
• Kowa
• Lenstec
• Rayner
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Key Questions Answered in this Report
• What will the market size be in 2022?
• What are the key factors driving the global intraocular lens market?
• What are the challenges to market growth?
• What are the market opportunities and threats faced by the key players?
Key Regions
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America