Intraocular Lens Market Expected to Witness the Highest Growth during 2020-2027 With: Alcon, Inc., Johnson & Johnson, Valeant, Carl Zeiss Meditec AG, Rayner, EyeKon Medical, Inc. & Many Others

Growth in Intraocular Lens Market can be attributed to the rapid growth in the geriatric population and associated eye disorders, rising prevalence of eye diseases & diabetes in the overall population across the globe, technological advancements in intraocular lenses, and increasing government initiatives to control and treat blindness caused by cataract. The growing focus of companies on emerging countries and gradual shift towards newer technologies are offering significant growth opportunities for players in intraocular lens market.

Intraocular Lens Market size was valued at $3,306 million in 2015 and is expected to garner $4,973 million by 2022, at a CAGR of 5.9%, and $XX.XX Million by 2026 during the forecast period.

Download PDF Report Sample @ https://www.alliedmarketresearch.com/request-sample/2092

The huge demand for the intraocular cataract lens has triggered the manufacturers to conduct research and development activities to provide advanced lenses that would help the patients with both near and distant vision. Many players are now focused on providing the trifocal, toric lens, and aspheric lenses that eliminate the need for wearing spectacles. For example, in December 2019, Johnson & Johnson Vision announced the U.S. launch of Tecnis Toric II, an intraocular cataract lens for correction of astigmatism in cataract patients. Furthermore, with the introduction of femtosecond laser-assisted cataract surgery, the demand for IOL is projected to increase by many folds.

Furthermore, the rising prevalence of blindness and cataract is also one of the major reasons contributing to the expansion of the market. According to WHO, cataract is responsible for XX% of the world blindness and this is expected to favor the IOL market growth during the forecast period.

The rising prevalence of cataract possesses an economic and health burden in many countries. This has resulted in the launch of various initiatives by the government for the elimination of cataracts. Vision 2020 is one such global initiative launched by the International Agency for the Prevention of Blindness (IAPB), with the aim to eliminate the main causes of avoidable blindness from the world. In addition, there is active participation by the government to achieve the target of Vision 2020 through reimbursement, eye checkup camps, and others. This is anticipated to accelerate the intraocular lens market growth in the forthcoming years.

Key Findings of Intraocular Lens Market

o Premium lens segment is expected to grow at a significant CAGR of 8.6%, owing to various benefits such as improved visual performance.
o Ambulatory surgery center segment is projected to grow at a CAGR of 7.1% during the forecast period.
o In terms of volume, the U.S. accounted for more than one-fourth share of the global intraocular lens market.
o France and Germany collectively contributed for more than one-third of the European intraocular lens market in 2015.
o Japan is the major shareholder, accounting for almost one-third of the Asia-Pacific intraocular lens market in 2015.

Asia-Pacific is projected to grow at the highest CAGR of 7.0% during the forecast period owing to improvement in healthcare infrastructures and rise in expenditures in emerging markets (such as India and China) to cater to the unmet medical needs. Technological advancements to develop cost-effective devices offer lucrative opportunities for the market growth.

The major companies profiled in the report include are

o Alcon, Inc. (division of Novartis AG),
o Johnson & Johnson,
o Valeant,
o Carl Zeiss Meditec AG,
o Rayner,
o EyeKon Medical, Inc.,
o Lenstec, Inc.,
o HumanOptics AG,
o STAAR Surgical, and
o HOYA GROUP

The other players operating in the market include PhysIOL s.a., Calhoun Vision Center, and Oculentis GmBH.

Purchase Enquiry @ https://www.alliedmarketresearch.com/purchase-enquiry/2092

Table Of Content

Chapter: 1 INTRODUCTION
1.1. KEY BENEFITS
1.2. KEY MARKET SEGMENTS
1.3. RESEARCH METHODOLOGY
1.3.1. Secondary research
1.3.2. Primary research
1.3.3. Analyst tools and models

Chapter: 2 EXECUTIVE SUMMARY
2.1. KEY FINDINGS OF THE STUDY
2.2. CXO PERSPECTIVE

Chapter: 3 MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top winning strategies
3.2.1.1. Competitive intelligence and strategies of companies
3.2.2. Top investment pockets
3.3. MARKET SHARE ANALYSIS, 2015
3.4. MARKET DYNAMICS
3.4.1. Drivers
3.4.1.1. Increase in prevalence of cataract
3.4.1.2. Rise in adoption of premium intraocular lens
3.4.1.3. Increasing government initiatives
3.4.1.4. Increase in pool of geriatric population susceptible to ocular conditions
3.4.1.5. Growth in number of diabetic patients
3.4.2. Restraints
3.4.2.1. Post-operative complications
3.4.2.2. Lack of coverage of premium lens
3.4.3. Opportunities
3.4.3.1. Availability of advanced technologies
3.4.3.2. Emerging nations
3.4.4. Impact analysis
3.5. PORTERS FIVE FORCES ANALYSIS
3.5.1. Bargaining power of buyers
3.5.2. Bargaining power of suppliers
3.5.3. Threat of substitutes
3.5.4. Threat of new entrants
3.5.5. Competitive rivalry
3.6. GOVERNMENT REGULATIONS
3.7. CLINICAL TRIALS

Access Full Summery @ https://www.alliedmarketresearch.com/intraocular-lens-market

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Life Science Market: https://www.alliedmarketresearch.com/reports-store/life-sciences
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

This release was published on openPR.