Press release
Intraocular Lens Market: Comprehensive Study Explores Huge Growth in Future | Alcon, Novartis, Bausch + Lomb
Intraocular Lens
Brief Overview of Intraocular Lens:
An intraocular lens is defined as the lens which is implanted in the eye as part of a treatment for various eye diseases such as cataracts, myopia, among others. It is mainly implanted for the duration of cataract surgery after the cloudy eye's natural lens has been removed. Geriatric population and associated eye disorders, rising prevalence of eye diseases & diabetes in the overall population are the major drivers which are propelling the growth of the market. The market for the intraocular lens is anticipated to register a CAGR of over 6.2% during the forecast period
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List of Key Players in Intraocular Lens Market:
Alcon, Inc. (United States), Novartis AG (Switzerland), Bausch + Lomb (United States), Valeant Pharmaceuticals International (Canada), Johnson & Johnson Vision Care, Inc. (United States), Carl Zeiss Meditec (Germany), HOYA Corporation (Japan), STAAR Surgical Company (United States), Rayner Intraocular Lenses Limited (United Kingdom), PhysIOL (Belgium)
Market Trends
Technological Advancement in Intraocular Lens
Drivers
Rising Prevalence of Eye Diseases Worldwide
Government and Awareness Initiatives to Control and Treat Blindness
Technological Advancements in IOLs
Challenges
Issue related to Scarcity of Ophthalmologists
Opportunities
Rising Demand from Emerging Economics such as China and India
Research objectives:
• To study and analyze the Global Intraocular Lens Market size by key regions/countries, product type and application, history data from 2020 to 2026, and forecast to 2026.
• To understand the structure of Intraocular Lens Market by identifying its various sub segments.
• Focuses on the key Global Intraocular Lens Market players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
• To analyze the Intraocular Lens Market with respect to individual growth trends, future prospects, and their contribution to the total market.
• To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market to better understand.
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The titled segments and Market Data Break Down are illuminated below:
by Type (Traditional/Monofocal, Premium, Phakic), Application (Hydrophilic, Hydrophobic), Material (PMMA, Foldable), End User (Hospital and Clinic, Ambulatory Surgery Centers, Others)
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.
Research Parameter/ Research Methodology
Primary Research:
Key sources are industry professionals in the Global Intraocular Lens industry, including management organizations, processing organizations, and analytics service providers that manage the value chain of industry organizations. As survey are restricted due to lockdown worldwide, out team of Analyst are collecting and certifying qualitative and quantitative information through extensive primary research process via LinkedIn, Email communication, Survey Monkey and Industry forum to acquire relevant information from industry experts such as CEOs, vice presidents, directors, technology and innovation experts, founders and key executives from several of the industry's leading Global Intraocular Lens companies and organizations.
Secondary Research:
Secondary research studies critical information about the industrial value chain, core pool of people, and applications. We also helped market segmentation and key information with the help of Annual reports, press releases, analyst & conference call transcripts.
In this study, the years considered to estimate the market size of Global Intraocular Lens are as follows:
History Year: 2015-2020
Base Year: 2020
Estimated Year: 2021
Forecast Year 2021 to 2026
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Market Insights
In October 2017, the Bausch + Lomb (United States) Company launched the enVista MX60E, a hydrophobic, acrylic advanced optic (AO) IOL with StableFlex technology in order to provide controlled unfolding, excellent stability, as well as enhanced optic recovery. Hence, this would strengthen the company’s product portfolio.
In October 2017, the Carl Zeiss Meditec AG (Germany) Company has launched the AT LARA, which is the Extended Depth of Focus (EDoF) IOL. Therefore, this product launch allowed the company to strengthen its intraocular lens products portfolio in the United States.
Merger Acquisition
In February 2017, Johnson & Johnson (United States) Company has acquired Abbott Medical Optics (United States). This Acquisition of Abbott Medical Optics will help in expanding Johnson & Johnson’s ophthalmic product offerings in cataract surgery, laser refractive surgery as well as consumer eye health. Henceforth, it will affect the growth of the market in future.
In April 2016, the Alcon (United States) Company has entered into a strategic partnership with PowerVision, Inc. (United States) Company in order to develop fluid-based accommodating intraocular lenses (AIOL) for cataract patients. Therefore, this partnership will help in strengthening the position of the company in the United States
Strategic Points Covered in Table of Content of Global Intraocular Lens Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Intraocular Lens market
Chapter 2: Exclusive Summary – the basic information of the Intraocular Lens Market.
Chapter 3: Impact on Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Intraocular Lens;
Chapter 4: Presenting the Intraocular Lens Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country 2015-2020
Chapter 6: Evaluating the leading manufacturers of the Intraocular Lens market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2021-2026)
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
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Advance Market Analytics is Global leaders of Market Research Industry provides the quantified B2B research to Fortune 500 companies on high growth emerging opportunities which will impact more than 80% of worldwide companies' revenues.
Our Analyst is tracking high growth study with detailed statistical and in-depth analysis of market trends & dynamics that provide a complete overview of the industry. We follow an extensive research methodology coupled with critical insights related industry factors and market forces to generate the best value for our clients. We Provides reliable primary and secondary data sources, our analysts and consultants derive informative and usable data suited for our clients business needs. The research study enable clients to meet varied market objectives a from global footprint expansion to supply chain optimization and from competitor profiling to M&As.
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