Global Intraocular Lens Market size was valued at USD 6,887.0 million in the year 2019 and is anticipated to grow at a CAGR of 5.9% over the forecast period of 2020 to 2026. The rise in the number of technological advancements such as extended depth of focus and custom cataract lens from the manufacturers has proliferated the demand for the intraocular lens across the globe.
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North America currently holds the majority of the market share and is projected to witness similar trend over the forecast period. However, Asia Pacific is expected to exhibit the fastest revenue growth in the intraocular lens market. In the Asia-Pacific region, China and India are expected to show the fastest growth. Some of the key driving forces in emerging countries for the intraocular lens market are an increase in geriatric population, government initiatives to include eye care in social security systems, an increase in number of cataract cases and a projected increase in diabetic population.
Diabetic patients are prone to diabetes retinopathy, macular degeneration, and cataract disease. Therefore, a risk to the increase in the diabetic population results in an increased need for intraocular lenses. According to the International Diabetes Federation, India had a diabetic population of 50.8 million while the Eastern and Western regions of the Asia Pacific accounted for 59 million and 77 million diabetic patients, respectively.
The medical tourism industry and the massive pool of patients in the region are some of the other factors contributing highly to growth of the market. Increasing government and non-governmental organizations initiatives to deliver affordable and effective eye care facilities in the Asia-Pacific region are also projected to augur market growth over the forecast period.
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In terms of material, hydrophobic acrylic segment accounted for 59.2% of revenue and is anticipated to grow at a CAGR of 6.2% over the forecast period. On the other hand, Hydrophilic acrylic segment is anticipated to grow with the fastest CAGR of 6.7% compared to counterparts by 2026.
In terms of product, monofocal intraocular lens dominated the global market by contributing 83.5% revenue in 2019 and is likely to maintain its market leadership in coming years. High acceptance rates for the same in European countries is predicted to fuel the market growth in coming years.
In terms of end user, hospital segment dominated the global market later followed by ophthalmic clinics, ambulatory surgical centers, and research and academia. Of all, ambulatory surgical centers are likely to emerge as the most lucrative segment and is likely to grow at a CAGR of 7.4% over the forecast period.
The global intraocular lens market is consolidated in nature with major players accounting for over 60% of the overall market share. Key players within the market include Alcon, Inc., Johnson & Johnson, Bausch & Lomb, Inc., and Carl Zeiss Meditec AG. Key players are concentrating on new product launches and acquisitions to expand their presence. For instance, in October 2019, Johnson & Johnson Vision Care launched TECNIS Eyhance™ monofocal intraocular lens in India to deliver high-quality distance vision along with better low-light contrast. Furthermore, In December 2019, Bausch & Lomb launched a new product VYZULTA® (latanoprostene bunod ophthalmic solution, 0.024%) under the Ontario Public Drug Benefit (ODB) Program, which will help to reduce intraocular pressure (IOP) in patients with open-angle glaucoma or ocular hypertension. Such strategies are likely to increase the penetration of global leaders in untapped markets.
Key Segments of Global Intraocular Lens Market
Product Overview, 2014-2026 (USD Million)
Monofocal Intraocular Lens
Multifocal Intraocular Lens
Toric Intraocular Lens
Accomodative Intraocular Lens
Material Overview, 2014-2026 (USD Million)
Hydrophobic acrylic
Hydrophilic acrylic
PMMA
Silicone
End Use Overview, 2014-2026 (USD Million)
Hospitals
Ophthalmic Clinics
Ambulatory surgery Centers
Research and Academia
Regional Overview, 2014-2026 (USD Million)
North America
U.S.
Canada
Europe
Germany
United Kingdom
France
Italy
Spain
Russia
Poland
Rest of Europe
Asia Pacific
China
Japan
India
Malaysia
Singapore
Philippines
Indonesia
Thailand
Vietnam
Rest of Asia Pacific
Central and South America
Brazil
Mexico
Colombia
Rest of Central and South America
Middle East & Africa
Saudi Arabia
UAE
Turkey
Egypt
South Africa
Nigeria
Rest of Middle East and Africa
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The global cataract surgical devices market size is projected to reach USD 9.98 billion by the end of 2026.
According to a report published by Fortune Business Insights, titled “Cataract Surgical Devices Market Size, Share & Industry Analysis, By Product Type (Phacoemulsification Systems, Femtosecond Laser, Intraocular Lenses, Ophthalmic Viscoelastic Devices & Other Consumables), By End-user (Hospitals, Ophthalmic Clinics, Others), and Regional Forecast, 2019-2026,” the market was worth USD 6.56 billion in 2018 and will exhibit a CAGR of 5.4% during the forecast period, 2019-2026.An Overview of the Impact of COVID-19 on this Market: The emergence of COVID-19 has brought the world to a standstill.
We understand that this health crisis has brought an unprecedented impact on businesses across industries.
Rising support from governments and several companies can help in the fight against this highly contagious disease.
Overall, almost every sector is anticipated to be impacted by the pandemic.We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics.
For More Information : https://www.fortunebusinessinsights.com/industry-reports/cataract-surgical-devices-market-101957The increasing prevalence of cataract surgeries has opened up a huge potential for the growth of the companies operating in the market.
According to the new market research report "Ophthalmic Equipment Market by Product (OCT, Fundus Camera, Ultrasound, Ophthalmoscope, Phoropter, Slit Lamp, Perimeter, Keratometer, Tonometer, IOL, Excimer Laser, OVDs, Phacoemulsification) End User (Hospital, Consumer) - Global Forecast to 2025", published by MarketsandMarkets™, the market size is projected to reach USD 63.3 billion by 2025 from USD 52.8 billion in 2020, at a CAGR of 3.7% during the forecast period.
The rapid growth in the geriatric population, rising prevalence of eye diseases, and technological advancements in ophthalmic devices are the major factors driving the growth of this market.Browse and in-depth TOC on "Ophthalmic Equipment Market"391 - Tables41 - Figures372 - PagesDownload PDF Brochure: - https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=155637364The vision care products segment is expected for the largest share of the Ophthalmic Equipment Market in 2019.Based on product, the Ophthalmic Equipment Market is categorized mainly into diagnostic & monitoring devices, surgical devices, and vision care products.
In 2019, the vision care products segment was expected to account for the largest share of the Ophthalmic Equipment Market.
The large share of this segment can primarily be attributed to the high prevalence of eye disorders such as myopia, hyperopia, astigmatism, and presbyopia.
In addition to this, technological advancements in lens materials, growing awareness about eyesight correction, and rising trends in eyewear, such as styled sunglasses and advanced contact lenses boasting extra comfort, have further stimulated the adoption of vision care products.By end user, the specialty clinics & ambulatory surgery centers (ASCs) segment is expected to grow at the highest CAGR during the forecast period.Based on end-user, the Ophthalmic Equipment Market is segmented into consumers, hospitals, specialty clinics & ambulatory surgery centers (ASCs), and other end users.
specialty clinics & ambulatory surgery centers (ASCs) are expected to grow at the highest CAGR during the forecast period.
The research includes several basic steps which we will scrutinize later.
Audience analysis benefits Helps define the functionality setWhen you already have chosen the group of people that theoretically will want to pay for your mobile app, you can make a development plan, which includes the list of features of your future application.
The application needs to include the ability to send photos, videos and voice messages.
There are lots of options and when you understand the needs and preferences of your target audience, you can easily pick the one, that will bring you the most money and wont annoy users.
For instance, if you create an app for young mothers, the ads about baby products wont irritate customers and will interest them.
Understanding of who is your target audience, how old he or she is, where they live, what their income is, you can see what adjustments are needed to be done to launch a perfect software solution for your customer.
By launching a mobile application, you become part of a global market estimated in the billions of dollars.
Define the target audience for a new mobile app based on its type
Before you define your target audience, consider the category your application belongs to, since this can significantly narrow the search and help you to identify your ideal target customer from the first attempt.
- Entertainment
- Travel
- Business
- Social applications
- Food
- Sports
- Education
- News
- Shopping
- Games
Holter ECG Market:WiseGuyReports.com adds “Global Holter ECG Market Research Report 2020 Analysis and Forecast 2027” reports to its database.Executive SummaryGlobal Holter ECG Market is valued approximately at USD 294.6 Million in 2019 and is anticipated to grow with a healthy growth rate of more than 9.16% over the forecast period 2020-2027.Holter ECG is an electrical, medical portable device used to track the heart rhythm of a human body.
Doctors advice the used of Holter ECG (Electrocardiogram) to trace the functioning of a patient’s heart in order to figure out detailed information then ECG delivers.
Generally, it is adviced to wear the device for 24 to 72 hours to analyze the heart functioning while performing various activities throughout the day.
Even so, the mild skin irritation and comfort are the factors restraining the growth of the market over the forecast period of 2020-2027.Request Free Sample Report @ https://www.wiseguyreports.com/sample-request/5421581-global-holter-ecg-market-size-study-by-typeThe regional analysis of global Holter ECG market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World.
North America is the leading/significant region across the world due to advanced use of technologies, unhealthy dietary and lifestyle inclining the growth of Global Holter ECG Market.
Factors such as rise in awareness for healthcare, technological development and rise in income groups would create lucrative growth prospects for the Holter ECG market across Asia-Pacific region.Major market player included in this report are:Mortara Instrument, Inc. (US)Innomed Inc. (Gorgia)GE Healthcare Systems (US)FUKUDA DENSHI Co. LTD. (US)Nihon Kohden Corporation (Japan)SCHILLER AG (Switzerland)Edan Instruments Inc. (China)Phillips (Netherlands)Spacelabs Healthcare (US)BioTelemetry, Inc. (US)The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years.
