Intraocular Lens Market Overview

The ability to treat eye defects has considerably improved with the enhancement of medical understanding and use of better materials. Reports that review the healthcare industry has been presented by Market Research Future, which creates reports on industry verticals that assess the market development and prospects. The market is anticipated to increase at a CAGR of 5.17 % in the upcoming period.

The use of Intraocular Lens Market is rising with an increase in cases related to astigmatism, presbyopia, and near-sightedness globally. The rise in the number of patients who are opting for vision correction surgeries is increasing and in turn, benefitting the growth of the intraocular lens market. Moreover, increasing detection rates of diabetes are expected to open up new opportunities for progress in the impending period.

The growing adoption of premium products in the intraocular lens market is also likely to be a major driver for the global intraocular lens market over the forecast period. The increasing purchasing power of consumers in the intraocular lens market is likely to remain a key driver for the market over the forecast period. The increasing awareness about eye diseases and the benefits of intraocular lenses is also likely to be a major driver for the global intraocular lens market over the forecast period.

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Intraocular Lens Market Segmentation

  • The global intraocular lens market has been segmented based on type, material, end user, and region.
  • The intraocular lens market, based on type, has been segmented into monofocal intraocular lens, multifocal intraocular lens, accommodating intraocular lens, phakic intraocular lens, and others.
  • By material, the intraocular lens market has been segmented into hydrophobic acrylic, hydrophilic acrylic, polymethylmeth-acrylate (PMMA), and others.
  • By end user, the global intraocular lens market has been segmented into hospitals, ophthalmic clinics, ambulatory surgical centers, and others.

Intraocular Lens Market Regional Analysis

The global intraocular lens market is segmented into the Americas, Europe, Asia Pacific, and the Middle East and Africa.

The Americas and Europe are likely to be the major regional segments of the global intraocular lens market over the forecast period due to the growing geriatric population in these regions and the growing prevalence of diabetes. The geriatric population is prone to suffering eye-related disorders as they grow older, while the growing prevalence of diabetes has driven the prevalence of diabetic retinopathy in the region. The growing healthcare network in the region and the increasing healthcare quality standards are likely to make these drivers vital for the global intraocular lens market over the forecast period. The widespread availability of advanced intraocular lens products in these highly developed regions is also likely to be a major driver for the intraocular lens market in these regions, combined with the growing disposable income of consumers in these regions.

Asia Pacific is likely to exhibit rapid growth in the global intraocular lens market over the forecast period due to the growing awareness about the procedure among the population and the growing spending capacity of the population in this region. The growing scope of the healthcare sector in Asia Pacific is also likely to be a major driver for the global intraocular lens market over the forecast period, as governments as well as private entities have stepped up their efforts to make the most of the healthcare sector’s high potential in Asia Pacific in the coming years

Intraocular Lens Market Players

  • Alcon Inc.
  • Aurolab
  • Bausch + Lomb
  • Carl Zeiss Meditec
  • EYEKON MEDICAL INC.
  • HOYA Corporation
  • HUMANOPTICS AG.
  • Johnson & Johnson Vision Care Inc.
  • LENSTEC INC.
  • NIDEK CO. LTD.

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