Market Analysis: Intraocular Lens (IOL) Market on the Rise

The global intraocular lens (IOL) market size is projected to reach USD 5,318.8 million by 2026, thereby exhibiting a CAGR of 6.8% during the forecast period. However, the market was worth USD 3,159.3 million in 2018. This information is published in a recent report by Fortune Business Insights(TM), titled, "Intraocular Lens (IOL) Market Size, Share & Industry Analysis, By Type [Monofocal Intraocular Lens and Premium Intraocular Lens (Multifocal Intraocular Lens, Toric Intraocular Lens, and Others)], By Material [Polymethylmethacrylate (PMMA) and Foldable (Hydrophobic Acrylic, Hydrophilic Acrylic, and Silicone & Collamer)], By End User (Hospitals & Ambulatory Surgery Centers, Specialty Clinics, and Academic & Research Institutes) and Regional Forecast, 2019-2026." The report further states that the market is set to gain impetus from the rising number of NGOs offering free cataract surgeries and eye examinations.
The report provides market analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product & service launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the market on a global and regional basis.

Key Features of Intraocular Lens (IOL) Market Report:
o Overview, Industry Life Cycle Analysis, Supply Chain Analysis
o Size, Trends, Growth Drivers, Constraints, SWOT Analysis, Forecast Analysis
o Competitive Landscapes: Market Share, Product Portfolio, New Product Launches, etc.
o Market attractiveness and Associated Growth Opportunities
o Strategic Growth Opportunities for the Existing and New Players
o Key Success Factors

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North America to Dominate: Increasing Technological Advancements Will Favor Growth

The market is geographically segregated into Asia Pacific, Europe, the Middle East and Africa, North America, and Latin America. Out of these, North America had generated USD 892.9 million IOL market value in 2018. It is set to retain its dominant position throughout the forecast period. It is likely to occur because of the increasing number of new product launches as well as the ongoing technological advancements, such as the Extended Depth of Focus (EDoF) and custom cataract lens.
Europe is expected to expand at a fast pace owing to the growing preference for toric lenses, rising adoption of femtosecond lasers for cataract surgery, and an increasing number of cataract surgery. Besides, various industry giants are present in this region. It would also contribute to the market growth.

Key Companies and Manufacturers Covered:
o Alcon
o Johnson & Johnson Services, Inc.
o Bausch & Lomb Incorporated
o HOYA Corporation
o STAAR SURGICAL
o Rayner Intraocular Lenses Limited
o Oculentis
o Hanita Lenses
o SIFI S.p.A
o Biotech
o Other key market players

Johnson & Johnson Vision Launches Tecnis Toric II
December 2019: Johnson & Johnson Vision announced the launch of its one-piece intraocular lens (IOL) named Tecnis Toric II after bagging FDA approval. It will be used to treat astigmatism in patients affected by cataracts. It is the company's first approved product in the Tecnis Toric II platform. It also provides more friction and surface texture on IOL haptics. It is specially designed to offer visual improvement for various lifestyles and visual conditions.

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Detailed Table of Content:
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Prevalence of Cataract - For Key Countries/Regions
4.2. Number of Cataract Surgery - For Key Countries/Regions
4.3. Overview of Government Cataract Initiatives
4.4. Regulatory Scenario - For Key Countries/Regions
4.5. Reimbursement Scenario - For Key Countries/Regions
4.6. New Product Launches
4.7. Key industry Developments - Mergers, Acquisitions and Partnerships
5. Global Intraocular Lens (IOL) Market Analysis, Insights and Forecast, 2015-2026
5.1. Key Findings / Summary
5.2. Market Analysis, Insights and Forecast - By Type
5.2.1. Monofocal Intraocular Lens
5.2.2. Premium Intraocular Lens
5.2.2.1. Multifocal Intraocular Lens
5.2.2.2. Toric Intraocular Lens
5.2.2.3. Others
5.2.3. Stimulation Devices
5.3. Market Analysis, Insights and Forecast - By Material
5.3.1. Polymethylmethacrylate (PMMA)
5.3.2. Foldable
5.3.2.1. Hydrophobic Acrylic
5.3.2.2. Hydrophilic Acrylic
5.3.2.3. Silicone & Collamer
5.4. Market Analysis, Insights and Forecast - By End User
5.4.1. Hospitals & Ambulatory Surgery Centers
5.4.2. Specialty Clinics
5.4.3. Academic & Research Institutes
5.5. Market Analysis, Insights and Forecast - By Region
5.5.1. North America
5.5.2. Europe
5.5.3. Asia Pacific
5.5.4. Latin America
5.5.5. Middle East & Africa
TOC Continued.....

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o Analysis of various regions and countries that includes the demand and supply based actions, which consequently have a major influence on the market's expansion.
o Market dynamics and opportunities for growth for players in the near future.
o Competitive landscape describing the market revenue shares of key players.
o Market segmentation analysis that deals with quantitative and qualitative research, discussing the influence of policy-based and economical aspects.

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