Intraocular Lens Market Strategic Assessment, Growth Analysis and Research Outlook 2021-2026| Novartis AG (Alcon), Bausch Health Companies Inc

Latest research on Intraocular Lens Market report covers forecast and analysis on a worldwide, regional and country level. The study provides historical information of 2016-2021 together with a forecast from 2021 to 2026 supported by both volume and revenue (USD million). The entire study covers the key drivers and restraints for the Intraocular Lens market. this report included a special section on the Impact of COVID19. Also, Intraocular Lens Market (By major Key Players, By Types, By Applications, and Leading Regions) Segment’s outlook, Business assessment, Competition scenario and Trends. The report also gives 360-degree overview of the competitive landscape of the Intraocular Lens industry.

Intraocular Lens Market is growing at a CAGR of 4.9% during the forecast period (2021-2026).

The Intraocular Lens market is highly competitive and consists of a number of major players. Top Companies like Novartis AG (Alcon), Bausch Health Companies Inc. (Bausch + Lomb), Carl Zeiss Meditec AG, EyeKon Medical Inc., HOYA CORPORATION, HumanOptics AG, Johnson and Johnson Vision Care Inc., Lenstec Inc., Rayner, STAAR Surgical Company

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Regional Analysis:

Furthermore, to broaden the understanding, researchers have studied the global Intraocular Lens market from a geographical point of view, considering the potential regions and countries. The regional analysis will assist the market players in making sound decisions regarding their future investments.

Intraocular Lens Market report includes the following geographic areas such as North America, Europe, China, Japan, Southeast Asia, India and ROW.

Scope of the Report

- According to the National Eye Institute, the United States recorded 7.7 million diabetic retinopathy cases and 24 million cataract cases, and it is expected to reach 11.3 million and 38 million, respectively, by 2030. In addition, the American Association of Ophthalmology states that the major cause of visual impairment around the world is reported to be a cataract, and geriatric ocular issues are emerging as prime factors in the developing countries. Hence, such a rise in the ophthalmic conditions across the world is expected to drive the growth of the IOL market, over the forecast period.

- Other than the adoption rate, there are few challenges associated with intraocular lenses, like the confusions and errors related to intraocular lenses (IOL), as well as the most errors related to incorrect IOL implantation, which restrict its usage. In addition, the increasing costs of IOLs and poor reimbursement coverage are expected to hamper the market growth, over the forecast period.

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Key Market Trends

Accommodative IOL is Expected to Grow Fastest Over the Forecast Period

Accommodative intraocular lenses are known to accommodate well with post-surgical changes, as compared to that of monofocal IOLs. These are preferred by patients suffering from macular degeneration, as they support the eye muscles in focusing on intermediate and distant objects. These lenses are widely used in the treatment of presbyopia and astigmatism. Whereas the monofocal intraocular lens is the first choice for many, as it can provide the best image quality after the surgery, and thus, they have the largest share in terms of percentage in the market. The increasing eye disorders and increased number of surgeries related to eyes are the important factors which are boosting the segment’s growth.

Asia-Pacific is Expected to Provide the Fastest Growth to the Intraocular Lens Market Over the Forecast Period

Asia-Pacific is expected to exhibit the fastest growth in terms of revenue. China and India are expected to show the fastest growth in the Asia-Pacific region. Some of the key driving forces for the intraocular lens market in emerging countries are government initiatives to include eye care in social security systems, a rise in the geriatric population, increasing cataract cases, and a projected rise in the diabetic population.

Diabetic patients are susceptible to macular degeneration, diabetic retinopathy, and cataract. Hence, the increase in the diabetic population results in the rising need for IOLs.

What are the market factors that are explained in the report?

–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

–Analytical Tools: Intraocular Lens Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market. 

The research includes historic data from 2015 to 2020 and forecasts until 2026 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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