Intraocular Lens Market Estimated Growth By Leading Players STAAR Surgical Company, HOYA Corporation, Lenstec, Inc., Ophtec BV, Johnson & Johnson, Alcon, Bausch & Lomb Incorporated, Carl Zeiss Meditec AG, Rayner Intraocular Lenses Limited, and HumanOptics

New product launches by market players, growing advancement in cataract surgery techniques coupled with rising awareness programs for cataract patients are the major factors driving growth of global intraocular lens market over the forecast period. Recent advances in the cataract surgery have increased the safety and efficacy of surgical procedure due to which huge number of people are opting for cataract treatment. For instance, recent technological advancement in ophthalmology such as introduction of the femtosecond laser, an infrared laser with the wavelength of 1053 nm into the cataract surgery has increased the safety and predictability of the cataract procedure. Currently various femtosecond laser systems are available commercially which are used in corneal refractive surgery.

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Femtosecond laser technology offers potential benefits into the field of cataract surgery. Femtosecond laser (FSL) able to perform three important steps in cataract surgery such as corneal incisions, capsulotomy, and lens fragmentation. Moreover, due to the increasing numbers of cataract and refractive surgery and demand for new technology in clinical practices, key players in the market are engaged in offering mobile surgery platforms. For instance, in February 2013, Sightpath Medical launched MoFe, or Mobile Femtosecond, a mobile femtosecond laser cataract surgery suite.

According to the World Health Organization, cataract is a major concern globally, which is currently the leading cause of blindness. Increase in prevalence of cataract has increased the demand for intraocular lens globally. As per the Vision Council, around 76.2% adults in the U.S. underwent vision correction surgery in 2015, and approximately 22.1% of the adults expressed that they need vision correction. These factors contribute to the growth of the market.

Government initiatives and awareness programs to eliminate avoidable blindness are together expected to propel the demand for intraocular lens in the Asia-Pacific region. For instance, in 2011, Lions Clubs International Foundation (LCIF) in partnership with Peoples Republic of China initiated a new phase of their campaign in China known as SightFirst China Action (SFCA), which aims at preventing blindness. Since its formation in 1997, the foundation invested more than $30.8 million for more than 5 million cataract surgeries and upgradation of 300 eye care institutions and above. In addition, the Chinese government funded more than $200 million to support their campaign.

Intraocular lenses were first approved by FDA in 1980s, and since then, these lenses are in cataract surgery. Now-a-days, a wide variety of lenses are available; among these, the most commonly used are pseudophakic intraocular lens, which are implanted when a person undergoes cataract surgery.

Competitive Analysis

Major players operating in market include STAAR Surgical Company, HOYA Corporation, Lenstec, Inc., Ophtec BV, Johnson & Johnson, Alcon, Bausch & Lomb Incorporated, Carl Zeiss Meditec AG, Rayner Intraocular Lenses Limited, and HumanOptics AG.

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Detailed Segmentation:

Global Intraocular Lens Market, By Flexibility:
Folded
Rigid

Global Intraocular Lens Market, By Product Type:
Premium Intraocular Lens
Multifocal Intraocular lens
Accommodating Intraocular lens
Toric Intraocular lens
Monofocal Intraocular Lens
Preloaded Intraocular Lens
Others

Global Intraocular Lens Market, By Material:
Polymethylmethacrylate (PMMA)
Silicone
Hydrophillic
Hydrophobic Acrylic

Global Intraocular Lens Market, By End User:
Hospitals
Ambulatory Surgery Centers
Eye Research Institutes
Ophthalmology Clinics

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