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Global Intraocular Lens Market to reach USD XX billion by the end of 2030.

Global Intraocular Lens Market Size study & Forecast, by Product (Monofocal Intraocular Lens, Multifocal Intraocular Lens, Toric Intraocular Lens, Accommodative Intraocular Lens), by End-use (Hospitals, Ophthalmic Clinics, Ambulatory Surgery Centers, Eye Research Institutes) and Regional Analysis, 2023-2030

Product Code: HLSMDE-80687476
Publish Date: 10-01-2024
Page: 200

Global Intraocular Lens Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% during the forecast period 2023-2030. Intraocular lens (IOL) is a synthetic lens implanted within the eye during cataract surgery or, in some cases, to correct refractive errors. The lens replaces the eye’s natural lens that has become cloudy or opaque due to a cataract or is insufficient for clear vision. The key factors driving the market growth are the growing aging population, the rising prevalence of eye disorders such as cataracts, myopia, hyperopia, and presbyopia, and growing number of surgical procedures, including cataract surgeries and refractive surgeries that are anticipated to support the market growth.

Additionally, the aging global population is a significant factor driving the demand for intraocular lenses. As people age, the prevalence of cataracts and other age-related eye conditions increases, leading to a higher demand for cataract surgeries and intraocular lens implantation. According to World Health Organization (WHO), in 2020, it was expected that aging people around the world accounted for 1 billion, which is projected to reach 1.5 billion by the year 2030 which represents that 1 in 6 people more than 60 years of age. As a result, the increasing aging population is anticipated to influence market growth. Moreover, growing advancements in intraocular lens technology has led to the development of premium lenses with features such as multifocality, toric correction and increased awareness about the importance of eye health and the availability of advanced surgical procedures are anticipated to create lucrative opportunities for the market overg the projected period. However, the high cost of IOLs and lack of reimbursement policies stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Intraocular Lens Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the increased awareness about eye health and the availability of advanced surgical procedures, including cataract surgery with IOL implantation, ongoing advancements in intraocular lens technology, such as the development of premium IOLs with advanced features such as multifocality, extended depth and presence of key market players. Whereas, the Asia Pacific is expected to grow with the highest CAGR over the forecast period, owing to factors such as the growing awareness among the population about eye health, available treatments, and enhancement of healthcare facilities and infrastructure in many countries across the Asia Pacific has increased access to eye care services and surgeries, contributing to the growth of the Intraocular Lens Market.

Major market player included in this report are:
Alcon, Inc.
Johnson and Johnson Services, Inc.
Vision Care, Inc.
Bausch & Lomb Incorporated
Carl Zeiss Meditec AG (ZEISS International)
EyeKon Medical, Inc.
Lenstec, Inc.
HumanOptics Holding AG
STAAR Surgical Company
Hoya Corporation

Recent Developments in the Market:
Ø In August 2022, Alcon Inc. finalized a merger agreement with Aerie Pharmaceuticals, Inc., in which Alcon is set to broaden its ophthalmic pharmaceutical portfolio by acquiring Aerie’s commercial products.

Global Intraocular Lens Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Product, End-use, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

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 years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:
Monofocal Intraocular Lens
Multifocal Intraocular Lens
Toric Intraocular Lens
Accommodative Intraocular Lens

By End-use:
Hospitals
Ophthalmic Clinics
Ambulatory Surgery Centers
Eye Research Institutes

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Intraocular Lens Market, by Region, 2020-2030 (USD Billion)
1.2.2. Intraocular Lens Market, by Product, 2020-2030 (USD Billion)
1.2.3. Intraocular Lens Market, by End-Use, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Intraocular Lens Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Intraocular Lens Market Dynamics
3.1. Intraocular Lens Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Growing aging population
3.1.1.2. Rising prevalence of eye disorders such as cataracts, myopia, hyperopia, and presbyopia
3.1.1.3. Growing number of surgical procedures
3.1.2. Market Challenges
3.1.2.1. High cost of IOLs
3.1.2.2. Lack of reimbursement policies
3.1.3. Market Opportunities
3.1.3.1. Growing advancements in intraocular lens technology
3.1.3.2. Increased awareness about the importance of eye health
Chapter 4. Global Intraocular Lens Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Intraocular Lens Market, by Product
5.1. Market Snapshot
5.2. Global Intraocular Lens Market by Product, Performance – Potential Analysis
5.3. Global Intraocular Lens Market Estimates & Forecasts by Product 2020-2030 (USD Billion)
5.4. Intraocular Lens Market, Sub Segment Analysis
5.4.1. Monofocal Intraocular Lens
5.4.2. Multifocal Intraocular Lens
5.4.3. Toric Intraocular Lens
5.4.4. Accommodative Intraocular Lens
Chapter 6. Global Intraocular Lens Market, by End-Use
6.1. Market Snapshot
6.2. Global Intraocular Lens Market by End-Use, Performance – Potential Analysis
6.3. Global Intraocular Lens Market Estimates & Forecasts by End-Use 2020-2030 (USD Billion)
6.4. Intraocular Lens Market, Sub Segment Analysis
6.4.1. Hospitals
6.4.2. Ophthalmic Clinics
6.4.3. Ambulatory Surgery Centers
6.4.4. Eye Research Institutes
Chapter 7. Global Intraocular Lens Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Intraocular Lens Market, Regional Market Snapshot
7.4. North America Intraocular Lens Market
7.4.1. U.S. Intraocular Lens Market
7.4.1.1. Product breakdown estimates & forecasts, 2020-2030
7.4.1.2. End-Use breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Intraocular Lens Market
7.5. Europe Intraocular Lens Market Snapshot
7.5.1. U.K. Intraocular Lens Market
7.5.2. Germany Intraocular Lens Market
7.5.3. France Intraocular Lens Market
7.5.4. Spain Intraocular Lens Market
7.5.5. Italy Intraocular Lens Market
7.5.6. Rest of Europe Intraocular Lens Market
7.6. Asia-Pacific Intraocular Lens Market Snapshot
7.6.1. China Intraocular Lens Market
7.6.2. India Intraocular Lens Market
7.6.3. Japan Intraocular Lens Market
7.6.4. Australia Intraocular Lens Market
7.6.5. South Korea Intraocular Lens Market
7.6.6. Rest of Asia Pacific Intraocular Lens Market
7.7. Latin America Intraocular Lens Market Snapshot
7.7.1. Brazil Intraocular Lens Market
7.7.2. Mexico Intraocular Lens Market
7.8. Middle East & Africa Intraocular Lens Market
7.8.1. Saudi Arabia Intraocular Lens Market
7.8.2. South Africa Intraocular Lens Market
7.8.3. Rest of Middle East & Africa Intraocular Lens Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Alcon, Inc.
8.3.1.1. Key Information
8.3.1.2. Overview
8.3.1.3. Financial (Subject to Data Availability)
8.3.1.4. Product Summary
8.3.1.5. Recent Developments
8.3.2. Johnson and Johnson Services, Inc.
8.3.3. Vision Care, Inc.
8.3.4. Bausch & Lomb Incorporated
8.3.5. Carl Zeiss Meditec AG (ZEISS International)
8.3.6. EyeKon Medical, Inc.
8.3.7. Lenstec, Inc.
8.3.8. HumanOptics Holding AG
8.3.9. STAAR Surgical Company
8.3.10. Hoya Corporation
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

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Data Collection:
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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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