Intraocular lens Market 2020 Size, Share, Future Growth, Trends & Industry Outlook 2025|Alcon, Inc., Johnson & Johnson, Bausch & Lomb, Inc., and Carl Zeiss Meditec AG

Global Intraocular Lenses Market to Remain Optimally Lucrative with Innovative Portfolio Refurbishments by Alcon and Bausch & Lomb

Intraocular lenses market is expected to remain high return market with mindful patients gradually preferring high end intraocular lenses over conventionally available aphakic lenses. Besides mindful adoption, growing number of visual impairment instances and cataract cases amongst geriatric population are likely to further propel growth prospects in global intraocular lenses market in the forthcoming years. These market highlights are on sync with Adroit Market Research's recent research compilation.

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-Growing number of cataract surgeries backed by improved healthcare facilities and favorable insurance plans further set the growth course high in global intraocular lenses market.

Market participants in intraocular lenses market are putting high stakes on novelties and innovations in global intraocular lenses market. Leading players such as Alcon is taking lead in the competitive landscape of global intraocular lenses market. The company has recently made announcements about the launch of its high-tech eye care solutions with its ocular lenses brand, Acrysof IQ Brevity. The product is now commercially available all across Europe and would eventually be available globally. The product is based on high end technology, X-Wave that is specially designed to aid cataract patients, allowing them to get off glasses seamlessly.

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Further in intraocular lenses space, market stalwart Bausch and Lomb has successfully refurbished its unique intraocular lenses portfolio, under the brand,enVista with novel additions in order to further improve optic recovery post cataract operation procedures. In terms of material preference in intraocular lenses, acrylic and silicone remain most preferred as opposed to polymethyl methacrylate (PMMA).

Key players within the market include Alcon, Inc., Johnson & Johnson, Bausch & Lomb, Inc., and Carl Zeiss Meditec AG. Key players are concentrating on new product launches and acquisitions to expand their presence. For instance, in October 2019, Johnson & Johnson Vision Care launched TECNIS Eyhance(TM) monofocal intraocular lens in India to deliver high-quality distance vision along with better low-light contrast. Furthermore, In December 2019, Bausch & Lomb launched a new product VYZULTA (latanoprostene bunod ophthalmic solution, 0.024%) under the Ontario Public Drug Benefit (ODB) Program, which will help to reduce intraocular pressure (IOP) in patients with open-angle glaucoma or ocular hypertension. Such strategies are likely to increase the penetration of global leaders in untapped markets.

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Key segments of the global intraocular lens market

Product Overview, 2014-2026 (USD Million)

Monofocal Intraocular Lens
Multifocal Intraocular Lens
Toric Intraocular Lens
Accomodative Intraocular Lens

Material Overview, 2014-2026 (USD Million)

Hydrophobic acrylic
Hydrophilic acrylic
PMMA
Silicone

End Use Overview, 2014-2026 (USD Million)

Hospitals
Ophthalmic Clinics
Ambulatory surgery Centers
Research and Academia

Regional Overview, 2014-2026 (USD Million)

North America
S.
Canada
Europe
Germany
United Kingdom
France
Italy
Spain
Russia
Poland
Rest of Europe
Asia Pacific
China
Japan
India
Malaysia
Singapore
Philippines
Indonesia
Thailand
Vietnam
Rest of Asia Pacific
Central and South America
Brazil
Mexico
Colombia
Rest of Central and South America
Middle East & Africa
Saudi Arabia
UAE
Turkey
Egypt
South Africa
Nigeria
Rest of Middle East and Africa

Reasons for the study

The purpose of the study is to give an exhaustive outlook of the global intraocular lens industry
The overall segmentation of intraocular lens market, especially key segments such as product, material, and end users are thoroughly studied.
Presence of major players and their wide product portfolio across developed countries is anticipated to further boost the growth of intraocular lens market

What does the report include?

The study on the global intraocular lens market includes analysis of qualitative market indicators such as drivers, restraints, challenges and opportunities
Additionally, the market competition has been evaluated using the Porter's five forces analysis
The study covers qualitative and quantitative analysis of the market segmented on the basis of applications, product, technology and end user. Moreover, the study provides similar information for the key geographies.
Actual market sizes and forecasts have been provided for all the considered segments
The study includes the profiles of key players in the market with a significant global and/or regional presence

About Us:

Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market's size, key trends, participants and future outlook of an industry. We intend to become our clients' knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code- Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

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