Medical and Health

Global Intraocular Lens Market - IOL Market Size, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024


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Global intraocular lens (IOL) market Report offers Market Size, Dynamics, Regional Market Share, Top Key Players, Latest Trends, Growth Factors, Industry Stats, Historic Market, Business Intelligence, Business Research Reports, Competitive Intelligence 2013 to 2017 and Forecast 2018 to 2024

 

Global intraocular lens (IOL) market valued at US $ XX Mn in 2017 and expected to grow at 5.5% Compound Annual Growth Rate (CAGR) from 2018 to 2024

 

Market Outline: Intraocular Lens (IOL) Market

Intraocular lens (IOL) are the medical devices that are implanted in the eye during cataract surgery. They are artificial tiny lenses used to replace the eye's natural lens. The intraocular lens (IOL) are also used for a type of vision correction surgery, called as refractive lens exchange. Earlier, there is no device implanted in order to replace the focusing power of the eye. The lens refracts the light rays that enter the eye, helping to see. If the patient has cataract, the lens becomes cloudy. The cataract surgery helps in the removal of the cloudy lens with clear intraocular lenses (IOL) to improve the vision.

 

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Market Dynamics: Intraocular Lens (IOL) Market

Increase in the prevalence of cataract and vision disorders are driving the growth of the intraocular lens (IOL) market. The developing technology is also a major role in the growth of intraocular lens (IOL) market. As cataract and glaucoma is boosting the intraocular lens (IOL) market. However, the higher cost involved in the procedures is likely to hinder the market. The complications such as refractive defects post-surgery are thus hampering the intraocular lens (IOL) market.

 

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Market Scope: Intraocular Lens (IOL) Market

Intraocular lens (IOL) market is segmented based on the product type, material, and distribution channel

Based on the product type, the market is segmented into the following:

  • Monofocal IOL
  • Multifocal IOL
  • Toric IOL
  • Accommodative IOL

Based on the material, the market is segmented into the following:

  • Polymethylmethacrylate (PMMA)
  • silicones
  • Hydrophobic acrylates

Based on the distribution channel, the market is segmented into the following:

  • Hospitals
  • Ambulatory Surgery Centers
  • Ophthalmology Centers

 

 

Regional Analysis: Intraocular Lens (IOL) Market

Geographically, Global intraocular lens (IOL) market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America intraocular lens (IOL) marketgrowth driven by increase in the prevalence of cataract, vision issues and rising diabetic patient population with ocular issues. According to the World Health Organization, the cataract is the leading cause for blindness. There are around 76.2% adults in US who underwent vision correction surgery in 2015, as per the Vision Council. The growth in this region is expected to be significant over the forecast period. Followed by North America are the regions of Europe and Asia Pacific. The government initiatives and the support from the non-profitable organizations in spreading awareness about the advanced surgical procedures is anticipated to propel the demand for the intraocular lens (IOL).

 

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Competition Assessment: Intraocular Lens (IOL) Market

Some of the players in the global intraocular lens (IOL) market include:

  • HOYA Corporation (Japan)
  • Alcon, Inc. (US)
  • Rayner Intraocular Lenses Limited (UK)
  • Carl Zeiss Meditec (Germany)
  • Alcon, Inc. (US)
  • NIDEK CO., LTD. (Japan)
  • Hanita Lenses RCA Ltd. (Israel)
  • Omni Lens Pvt ltd. (India)
  • Swiss Advanced Vision (Switzerland)
  • Oculentis GmbH (Germany)
  • Aurolab (India)
  • Omni Lens Pvt ltd. (India)

 

Notable Market Developments: Intraocular Lens (IOL) Market

  • In September 2017, Swiss Advanced Vision (SAV-IOL SA) announced the launch of LUCIDIS and EDEN, two new intraocular lenses (IOLs) for the cataract surgery, both using the instant Focus EDOF patented technology.

 

 

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Contact to Precision Business Insights, Kemp House, 152 – 160 City Road, London EC1V 2NX