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Global Intraocular Lens (IOL) Market Analysis, Growth, Trends & Forecast 2018-2025, With an Expected CAGR of 5.4% - Valeant Pharmaceuticals, Carl Zeiss Meditec AG, Hoya, STAAR Surgical, Rayner, PhysIOL, OPHTEC BV, RxSight, Inc., CooperVision, Nidek Inc.
Global Intraocular Lens (IOL) Market
Global Intraocular Lens (IOL) Market is expected to reach USD 5.36 billion by 2025, from USD 2.52 billion in 2017 growing at a CAGR of 5.4% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Major Market Drivers & Market Restraint
• Increasing prevalence of eye diseases
• Government initiatives to control and treat blindness
• Increasing demand for minimally invasive procedures
• Technologically advancement and new product launch
• Lack of proper coverage or co-payment policies for premium IOLs
• Untapped potential of emerging markets
Major Market Competitors/Players: Global Intraocular Lens (IOL) Market
Some of the major players operating in the global intraocular lens (IOL) market are Novartis AG, Valeant, Johnson & Johnson Vision Care, Inc., Carl Zeiss Meditec AG, HOYA Corporation, STAAR SURGICAL, Rayner, PhysIOL, Ophtec BV, SAV-IOL SA, Oculentis, NIDEK CO., LTD., Aurolab, Omni Lens, Care Group, Hanita Lenses, Fhiol, USIOL Inc., PowerVision, Inc., BIOTECH VISIONCARE, RxSIGHT, CooperVision and HumanOptics AG among others.
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Market Segmentation
The global intraocular lens (IOL) market is segmented based on type, material, end user and geographical segments.
Based on type the global intraocular lens (IOL) market is segmented into
• traditional/monofocal IOLs,
• premium IOLs and
• phakic IOLs
Traditional/monofocal IOLs is further sub segmented into aspheric monofocal IOLs and spheric monofocal IOLs. Premium IOLs is further sub segmented into multifocal IOLs, accommodating IOLs and extended depth-of-focus (EDoF) IOLs.
The global intraocular lens (IOL) market segment is further segmented into
• foldable IOLs and
• PMMA IOLs on the basis of material
Foldable IOLs is further sub segmented into hydrophobic acrylic IOLs, hydrophilic acrylic IOLs and other foldable IOLs.
On the basis of end user the global intraocular lens (IOL) market is classified into
• hospitals,
• specialty clinics and
• ambulatory surgery centers
Based on geography the global intraocular lens (IOL) market report covers data points for 28 countries across multiple geographies namely
• North America & South America,
• Europe,
• Asia-Pacific and,
• Middle East & Africa
Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others. In 2017, North America is expected to dominate the market.
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Competitive Analysis
The global intraocular lens (IOL) market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of intraocular lens (IOL) market for global, Europe, North America, Asia Pacific and South America.
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North America
Europe
China
Japan
Southeast Asia
India
Global Foldable…
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The motive of this strategic research report entitled "Global Intraocular Lens (IOL) Market 2017" is to provide company officials, industry investors, and industry members with consequential insights to enable them make reliable strategic decisions regarding the opportunities in the global Intraocular Lens (IOL) market.
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