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Intraocular Lens (IOL) Market astonishing growth major key players like Abbott Medical Optics Inc., Adoptics AG, AkkoLens International BV, Alcon, Inc., Anew Optics, Inc., Bausch & Lomb Inc.

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Sachin SB
Intraocular Lens (IOL) Market astonishing growth major key players like Abbott Medical Optics Inc., Adoptics AG, AkkoLens International BV, Alcon, Inc., Anew Optics, Inc., Bausch & Lomb Inc.

Global Intraocular Lens (IOL) Market Estimated to Reach US$ 3864.3 Mn by 2022, due to Rising Cases of Ophthalmic and Ocular Conditions

Intraocular lens is an artificial lens, which is implanted in the eye to replace the natural lens during cataract surgery. Growth in geriatric population susceptible to ocular conditions, rise in prevalence of cataract, and increase in initiatives taken by government to eliminate avoidable blindness are expected to drive the growth of the global Intraocular Lens (IOL) Market . Moreover, rise in adoption of premium lens owing to its benefits such as enhanced visual performance and reduced astigmatism supplements the growth of the market. However, unfavorable reimbursement scenario for premium lens and postoperative complications such as refractive errors are expected to impede the market growth.

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Intraocular Lens (IOL) Market is Fragmented with the Presence of Global and Regional Players 

Some of the primary participants of Intraocular Lens (IOL) Market are Abbott Medical Optics Inc., Adoptics AG, AkkoLens International BV, Alcon, Inc., Anew Optics, Inc., Bausch & Lomb Inc., Calhoun Vision, Inc., Clarvista Medical, Inc., Elenza, Inc., Eye4Vision Ophthalmics International and EyeKon Medical Inc., amongst others. In 2017, Alcon launched of AcrySof IQ PanOptix Toric presbyopia- and astigmatism-correcting intraocular lens (IOL) for patients with pre-existing corneal astigmatism undergoing cataract surgery. It is a new option for astigmatic patients who seek to address their near, intermediate and distance vision needs with a single lens.

Government initiatives and awareness programs aimed at eliminating unavoidable blindness are expected to fuel the demand for intraocular lenses in the Asia-Pacific region. In 2011, for example, the International Foundation (LCIF), in cooperation with the People's Republic of China, launched a new phase of campaign called Sight First Chinese Activities (SFCA) in China. Since its foundation in 1997, the foundation has invested more than $ 30.8 million in upgrades of more than 5 million cataract surgeries and more than 300 eye care institutions. The Chinese government has also funded more than $ 200 million to support the campaign.

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Increasing Population in Need of Vision Correction to Propel the Growth of the Market in North America

North America dominated the Intraocular Lens (IOL) Market in 2016 due to large number of aging population and availability of reimbursements. Rising rates of the cataract and other ophthalmic issue are impelling the development of the region. However, China and India are expected to be the fastest growing markets in Asia-Pacific region. Moreover, government initiatives to develop and commercialize cost-effective treatment options and collaborative efforts of private and government entities to set up eye care facilities, are driving the growth of the market in Asia Pacific Region.

Intraocular Lens Market Key Benefits:

  • Study provides an in-depth analysis of the global intraocular lens market, with current trends and future estimations to elucidate the imminent investment pockets.
  • Quantitative analysis from 2016 to 2027 is expected to enable the stakeholders to capitalize on prevailing market opportunities.
  • The report provides data for 2018 and year-on-year forecasts from 2019 to 2027.
  • Comprehensive analysis of all geographical regions is provided to determine the prevailing opportunities.
  • Extensive analysis is conducted by closely following key product positioning and monitoring the top contenders within the market framework.

Intraocular Lens (IOL) Market – By Type

  • Monofocal IOL
  • Blue Light Filtering IOL
  • Phakic IOL
  • Toric IOL
  • Multifocal IOL
  • Accommodating IOL
  • Aspheric IOL
  • Others

Market By Material

  • PMMA
  • Silicone
  • Hydrophobic Acrylic

Market By End-User Industry

  • Hospitals
  • Ambulatory
  • Surgery Centers
  • Ophthalmology Clinics
  • Eye Research Institutes

Intraocular Lens (IOL) Market – By Regions

  • North America
    • U.S.
    • Rest of North America
  • Europe
    • Spain
    • UK
    • Italy
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South East Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • Southern Africa
    • Rest of MEA

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