Intraocular Lenses Market to Register an Impressive CAGR of 5.0% During 2018 – 2023 | Alcon, Bausch & Lomb Incorporated, Carl Zeiss Meditec AG, EyeKon Medical, Hoya, Lenstec, Rayner

Marketprognosis.com Publish a New Market Research Report On “Global Intraocular Lenses Market 2018 - 2023” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Intraocular Lenses Market:

The report spread across 107 pages is an overview of the Global Intraocular Lenses Market. These report study based on the Intraocular Lenses Market. It is a complete overview of the market, covering various aspects prevailing market landscape. It accumulates comprehensive information and research methodologies.

The Global Intraocular Lenses (IOLs) Market is expected to register a growth rate of nearly 5.0% during the forecast period, 2018 to 2023. Intraocular lenses (IOLs) are implantable medical devices used for vision correction. Rising diabetic cases and associated cataract and diabetic retinopathy complications are expected to boost the global market.

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Rise in ocular conditions such as cataract, and diabetic retinopathy across the world is a major aspect assisting market growth. According to national eye institute, the United States recoded 7.7 million diabetic retinopathy cases, and 24 million cataract cases and expected to reach 11.3 million and 38 million respectively by 2030. In addition, the American Association of Ophthalmology states the major cause of visual impairment around the world is reported to be cataract, and geriatric ocular issues are emerging as prime factors in the developing countries. Hence, such a rise in the ophthalmic conditions across the globe is expected to drive the growth of the IOL market over the forecast period.

Higher costs associated with ophthalmic surgeries, such as cataract surgery, and other retinal correction surgeries are expected to drive the market growth over the forecast period. The cost of the IOL plays a vital role in the process of their adoption for vision correction or impairment surgeries. The approximate cost of an IOL implant surgery is USD 1,400 to USD 3,500 per eye.

In addition, the reimbursement is provided for IOL implants only in conditions where it is a necessity, and not in case of vision correction lenses, thereby increasing the financial burden on the patients. The cataract surgery in the United States costs around USD 3600 to USD 6600 without the insurance coverage. Thus, the increasing costs of IOLs and the poor reimbursement coverage are expected to hamper the market growth over the forecast period.

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Rising incidences of cataract, diabetic retinopathy, and macular degeneration in the United States can be attributed to the dominance of the North America region IOL market in 2016. Moreover, presence of reimbursement policies for essential ophthalmic surgeries and a definite regulatory framework are enhancing growth in the market.

Major Key Players:

1 Alcon Inc.

2 Bausch & Lomb Incorporated

3 Carl Zeiss Meditec AG

4 EyeKon Medical Inc.

5 Hoya Corporation

6 HumanOptics AG

7 Johnson and Johnson Vision Care Inc.

8 Lenstec Inc.

9 Rayner

10 STAAR Surgical Company

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This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What are the challenges to market growth?

4 Who are the key players in this market?

5 What are the market opportunities and threats faced by the key players?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Intraocular Lenses Market.

Table of Contents:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Key Inferences

5 Market Overview

6 Drivers, Restraints, Opportunities and Challenges Analysis (Droc)

7 Market Segmentation

8 Competitive Landscape

9 Key Players

10 Future Outlook of the Market

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