Intraocular Lens Market by Type (Traditional/Monofocal (Spheric, Aspheric), Premium (Multifocal, Accommodating, and Extended Depth of Focus), and Phakic), Material (PMMA, Foldable), End User (Hospital, Clinic), and Region - Global Forecast to 2022

The intraocular lens (IOL) market is projected to reach to USD 4.56 billion by 2022 from estimated USD 3.50 billion in 2017. The growing geriatric population and associated eye disorders, rising prevalence of eye diseases & diabetes across the globe, technological advancements in intraocular lenses, and increasing government initiatives to control and treat blindness caused by cataract are factors driving this market. However, the lack of awareness and low accessibility to eye care in low-income economies may hinder the growth of this market.

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Some of the major market 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).

The premium IOLs segment is expected to grow at the highest CAGR during the forecast period

On the basis of type, 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.

The aspheric monofocal IOLs segment is projected to witness the highest growth during the forecast period

Based on the type, the traditional/monofocal IOLs segment is further classified into aspheric monofocal IOLs and spheric monofocal IOLs. The aspheric monofocal IOLs segment is expected to grow at the highest CAGR during the forecast period. Growth in this market segment can largely be attributed to the higher utilization of these lenses by cataract surgeons and patients owing to their added advantages over spheric monofocal IOLs. Aspheric monofocal IOLs are easy to insert, induces limited or zero spheric aberration, and create very effective contrast sensitive optical image for patients.

The foldable IOLs segment is expected to grow at the highest CAGR during the forecast period

On the basis of type of material, the market is segmented into fold able IOLs and PMMA IOLs. During the forecast period, the foldable IOLs segment is expected to grow at the highest CAGR. The high growth of this segment can be attributed to the advantages offered by foldable IOLs over the PMMA IOLs, such as suitability for manufacturing three-piece IOLs and IOL haptics, high biocompatibility, high light transmissibility, good center placement, resistance to tilting inside the eye, and UV-absorbing property.

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Asia Pacific to witness the highest growth during the forecast period

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.

List of Tables

Table 1 Increase in Geriatric Population From 2000 to 2015 Across the Globe
Table 2 Number of Cataract Surgical Procedures Performed in 2014 & 2015, By Country
Table 3 Number of Diabetics, By Region, 2015 vs 2040 (Million Individuals)
Table 4 Recent Product Launches in the IOLs Market
Table 5 Intraocular Lenses Market, By Type, 2015-2022 (USD Million)
Table 6 Some of the Major Brands of Traditional/Monofocal IOLs
Table 7 Traditional/Monofocal IOLs Market, By Type, 2015-2022 (USD Million)
Table 8 Traditional/Monofocal IOLs Market, By Country, 2015-2022 (USD Million)
Table 9 Traditional/Monofocal IOLs Market, By Country, 2015-2022 (Thousand Units)
Table 10 Aspheric Monofocal IOLs Market, By Country, 2015-2022 (USD Million)
Table 11 Spheric Monofocal IOLs Market, By Country, 2015-2022 (USD Million)
Table 12 Premium IOLs Market, By Type, 2015-2022 (USD Million)
Table 13 Premium IOLs Market, By Country, 2015-2022 (USD Million)
Table 14 Premium IOLs Market, By Region, 2015-2022 (Thousand Units)
Table 15 Some of the Major Brands of Multifocal IOLs
Table 16 Multifocal IOLs Market, By Country, 2015-2022 (USD Million)
Table 17 Accommodating IOLs Market, By Country, 2015-2022 (USD Million)
Table 18 EDoF IOLs Market, By Country, 2015-2022 (USD Million)

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List of Figures

Figure 1 Research Design
Figure 2 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 3 Data Triangulation Methodology
Figure 4 Intraocular Lens Market, By Type, 2017 vs 2022 (USD Million)
Figure 5 Traditional/Monofocal IOLs Market, By Type, 2017 vs 2022 (USD Million)
Figure 6 Premium IOLs Market, By Type, 2017 vs 2022 (USD Million)
Figure 7 Intraocular Lenses Market, By Material, 2017 vs 2022 (USD Million)
Figure 8 Foldable IOLs Market, By Type, 2017 vs 2022 (USD Million)
Figure 9 Intraocular Lens Market, By End User, 2017 vs 2022 (USD Million)
Figure 10 Geographic Snapshot: Intraocular Lenses Market
Figure 11 New Product Launches, Agreements, Collaborations, and Partnerships are the Major Strategies Adopted By Top Players

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