Global Intraocular Lens Market | Inkwood Research

GLOBAL INTRAOCULAR LENS MARKET FORECAST 2019-2027

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GLOBAL INTRAOCULAR LENS MARKET FORECAST 2019-2027

MARKET OVERVIEW • Growing prevalence of cataract, the surge in minimally invasive procedures demand, and technological advancements are the important factors that are influencing the growth of the market.

• The intraocular lenses types are used extensively for various purposes.

• Monofocal IOLs are the traditional and the most common intraocular lens used after the cataract surgery.

• Complications associated after surgery and reimbursement issues are the major factors hindering the intraocular lens market.

• Some individuals have reported a few complications after cataract surgery, which could lead to a partial loss of vision or require further surgery.

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KEY FINDINGS

• Intraocular lenses (IOLs) are used for optical correction of the human eye and it relies on a process termed as refractive lens exchange.

• IOLs are synthetic in composition and are thus known as the artificial form of lens.

• It is inserted to take place of the eyes' naturally existing lens.

• Many ophthalmologist recommend to use the correction glasses post-surgery for reading chores and also for correcting short or long distance eyesight loss that solely depends on the power of the lens inserted.

• The global intraocular lens market is anticipated to grow at a CAGR of 4.81% between 2019 and 2027 to generate revenue of $5,828 million by 2027.

INTRODUCTION Global Intraocular lens market by material, by end-user, by type & by geography.

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NORTH AMERICA INTRAOCULAR LENS MARKET • In 2018, a large chunk of the market share was held by the North America regional market in the global intraocular lens market when segmented by geography.

• The market in North America is expected to advance at 4.37% CAGR by the end of the forecasting years.

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EUROPE INTRAOCULAR LENS MARKET • The global intraocular lens market by Europe was valued at $XX million in 2018 and is expected to reach $XX million by 2027 with a CAGR of 4.55% during the forecast period. • The economic burden due to eye disorders and vision impairment is likely to increase the market demand in the coming years from the region.

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ASIA PACIFIC INTRAOCULAR LENS MARKET • The global intraocular lens market by Europe was valued at $XX million in 2018 and is expected to reach $XX million by 2027 with a CAGR of 4.55% during the forecast period.

• The economic burden due to eye disorders and vision impairment is likely to increase the market demand in the coming years from the region.

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COMPETITIVE INSIGHTS Rayner Intraocular Lenses Ltd., Eyekon Medical Inc., Lenstec, Inc., Johnson & Johnson, Inc., Bausch Health Companies Inc. (formerly Valent Pharmaceuticals International Inc.), Staar Surgical Company, HumanOptics AG, Santen Pharmaceutical Co., Ltd., Hoya Corporation, Essilor International S.A., Alcon, Abbott Medical Optics, Inc. (subsidiary of Abbott Laboratories, Inc.), Carl Zeiss AG, and Pfizer are the major companies operating in the market.

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