Key Trends in Intraocular Lens Market to 2022 - US$ 4.56 Billion by 2022 at 5.4% Growth Rate

Growth of intraocular lens market during the forecast period is mainly driven by rising prevalence of eye diseases (cataract & refractive errors) associated with rising geriatric population; increasing government, private, & non-profit organizations initiatives to control and treat blindness caused by cataract; & technological advancements in IOLs.

The intraocular lens market is valued at 3.34 Billion in 2016 and is expected to grow at a CAGR of 5.4% during the forecast period (2017 to 2022), to reach to USD 4.56 Billion by 2022. Base year considered for the report is 2016.

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The intraocular lens market is segmented into traditional/monofocal IOLs, premium IOLs, and phakic IOLs. The premium IOLs segment is expected to witness the highest growth during the forecast period. The growth of this segment is attributed to the wide range of benefits associated with their use, such as enhanced visual performance and reduced astigmatism.

Target Audience:
• Intraocular lenses manufactures
• Intraocular lenses suppliers and distributors
• Healthcare service providers (including hospitals, eye clinics, and public and private eye care centers)
• Government associations
• Health insurance provider companies
• Market research and consulting firms
• Venture capitalists and investors

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The major players in the intraocular lens market are Alcon, Inc. (US) (Novartis AG (Switzerland)), Bausch + Lomb (US) (Valeant Pharmaceuticals International (Canada)), Johnson & Johnson Vision Care, Inc. (US), Carl Zeiss Meditec (Germany), HOYA Corporation (Japan), STAAR Surgical Company (US), Rayner Intraocular Lenses Limited (UK), PhysIOL (Belgium), Ophtec BV (Netherlands), Swiss Advanced Vision (SAV IOL) (Switzerland), Oculentis GmbH (Germany), NIDEK CO., LTD. (Japan), Aurolab (India), Omni Lens Pvt Ltd. (India), Care Group (India), Hanita Lenses R.C.A Ltd. (Israel), and Fred Hollows Intraocular Laboratory (Eritrea).

Intraocular Lens (IOLs) Market, By Type
1 Introduction
2 Traditional/Monofocal IOLs
3 Aspheric Monofocal IOLs
4 Spheric Monofocal IOLs
5 Premium IOLs
6 Multifocal IOLs
7 Accommodating IOLs
8 Extended Depth-Of-Focus (EDoF) IOLs

Intraocular Lens (IOLs) Market, By Material
1 Introduction
2 Foldable IOLs
3 Hydrophobic Acrylic IOLs
4 Hydrophilic Acrylic IOLs
5 Other Foldable IOLs

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Asia Pacific is expected to witness the highest growth during the forecast period (2017 to 2022). The region’s large geriatric population, large cataract patient population, improving healthcare infrastructure, and rising demand for advanced intraocular lenses and related technologies are driving the growth of this market.

Break of primary participants was as mentioned below:
• By Company Type – Tier 1–45%, Tier 2–40% and Tier 3–15%
• By Designation – C Level–41%, Director Level–30%, Others–29%
• By Region – North America–35%, Europe–30%, AsiaPacific–25%, Rest of World–10%

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This release was published on openPR.