openPR Logo
Press release

Intraocular Lens Market Offering Trends, Share, Size, Growth Until the End of 2028

08-10-2022 06:01 AM CET | Health & Medicine

Press release from: Transparency Market Research

Intraocular Lens

Intraocular Lens

Intraocular Lens Market Outlook 2028

The global intraocular lens market was valued at US$ 3.9 Bn in 2020

It is estimated to expand at a CAGR of 4.9% from 2021 to 2028

The global intraocular lens market is expected to reach the value of US$ 5.6 Bn by the end of 2028

Report Overview: https://www.transparencymarketresearch.com/intraocular-lenses-market.html

Increasing Awareness of Eye Heath and Intraocular Lens Accelerate the Market

Rise in the number of cataract surgeries around the world is expected to generate ample business prospects in the global intraocular lens market in the upcoming years. Intraocular lens are implanted in an eye during the treatment of myopia or cataract. The increasing demand for multifocal IOL, monofocal IOL, accommodative IOL, and toric IOL in hospitals, ophthalmology clinics, eye research institutes, and ambulatory surgery centers is driving the global intraocular lens market. Government as well as several non-government organizations are taking efforts to spread awareness on symptoms of cataract and other health issues pertaining to eyes. The rise in diabetic population who are more likely to opt for cataract surgeries is driving the expansion of the global intraocular lens market. Moreover, increasing eye issues in aging population and loss or poor vision also lead to rise in demand for intraocular lens.

In addition, these organizations are also providing information on available treatment options on these health issues. Market players in the global intraocular lens market are consistently improving the quality of products they offer. They are increasing investments in research & development to fulfill the rising demand from consumers across the globe. Several enterprises are strengthening their product offerings by indulging in new product launch activities.

Increasing Efforts by Key Market Players to Gain Revenue Benefits

Key market leaders are strengthening their market position by increasing their participation in activities such as mergers, partnerships, collaborations, and regional expansions. They are also focusing on acquisition of their smaller competitors. In order to stay ahead in the competition, many market players are expanding their production capabilities. Such efforts are likely to bolster the global intraocular lens market in the near future.

Companies in the intraocular lens market are estimated to gain substantial sales opportunities in North America on the back of several factors such as rise in awareness about eye-related diseases among regional population, existence of a robust healthcare industry, and presence of several active players in the region. New product developments in the intraocular lens market, along with technological advances in surgical instruments and techniques in cataract surgeries are driving the global market.

Impact of COVID-19 on Global Intraocular Lens Market

The global intraocular lens market has been negatively affected by the rapid spread of coronavirus cross the globe. The emergence of COVID-19 pandemic has compelled companies operating in the intraocular lens market to restructure their strategies in order to sustain their businesses in such critical situations. This is the reason why these companies are following all regional government guidelines while carrying out regular business activities. During the pandemic, the market has seen a decline in demand due to the lockdowns and vulnerabilities associated with the elderly. The cohort of the patient population has postponed the surgery. In addition, economic considerations has also hit the consumer demand. Market players are recovering from the losses caused due to the global pandemic. Manufacturers of intraocular lens find steady revenue streams in the eye care industry. A wide range of this lens have undergone design advances to suit patients' needs.

Request Sample: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2170

Potential Revenue Opportunities for Market Players in North America

North America shows lucrative growth opportunities in the intraocular lens market due to rising awareness among general people and increasing expenditure on healthcare. Technological advancement in healthcare is supporting the growth of the market. Rising investments in R&D activities in intraocular lenses are driving the expansion of the market. Market contributors from North America are focusing on adopting various strategies to strengthen their market presence. The significant presence of market players operating in the global intraocular lens market is contributing to the growth of the market.

Market players in the North America intraocular lens market are focusing on various strategies to increase their market share. The North America market is expected to be driven by increasing adoption of modern technologies in the regional healthcare industry and improving disposable income of consumers.

Intraocular Lens Market: Introduction

Intraocular lenses (IOLs) are medical devices implanted inside the eye to replace the eye's natural lens when it is removed during the cataract surgery. IOLs are also used for a type of vision correction surgery called refractive lens exchange.

Various types of IOL are available in the market. Depending upon functionality, these are segmented into standard IOLs and premium IOLs.

Intraocular Lens Market: Key Drivers

Increase in incidences of ophthalmic and ocular conditions is projected to drive the global intraocular lens market during the forecast period. According to the American Academy of Ophthalmology (AAO), around 24 million people in the U.S. above the age of 40 suffer from cataract each year. The percentage of elderly people (60 yrs. and above) suffering from cataract is estimated to be around 65%.

Rise in adoption of premium IOLs is another major factor boosting the growth of the global intraocular lens market. Surge in awareness about premium IOLs, favorable recommendations from health care providers, and better acceptance among patients across the world are expected to drive the global intraocular lens market during the forecast period.

Enquiry Before Buying: https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=2170

Market Segmentation: Intraocular Lens Market

In terms of product type, the global intraocular lens market has been classified into monofocal IOL, multifocal IOL, toric IOL, accommodative IOL, and others

Based on end-user, the global intraocular lens market has been divided into hospitals, ophthalmology clinics, ambulatory surgery centers, and eye research institutes

Each of the segments has been analyzed in detail for market trends, recent trends, and developments, drivers, restraints, opportunities, and useful insights. The intraocular lens market report provides current and expected revenue (US$ Mn) for each of these segments from 2021 to 2028, considering 2020 as the base year. The compound annual growth rate (CAGR %) has been provided for each segment and market from 2021 to 2028 along with market size estimations.

Regional Overview: Global Intraocular Lens Market

North America dominated the global intraocular lens market in 2020, accounting for 35% share. The U.S. dominated the market in North America, owing to factors such as increase in incidence of cataract, surge in the geriatric population, rise in demand for better healthcare facilities, and adoption of improved products & technologies.

Asia Pacific is anticipated to gain market share during the forecast period. Product launches, acquisitions, distribution agreements, alliances, and geographical expansion by local players, especially in China and India, are expected to propel the intraocular lens market in the region.

Major Players

The intraocular lens market report concludes with the company profiles section, which includes key information about major players in the global intraocular lens market

Leading players analyzed in the report include

Abbott Medical Optics

Alcon (Novartis AG)

Carl Zeiss Meditec AG

Bausch & Lomb, Inc.

Hoya Surgical Optics

Calhoun Vision, Inc.

Staar Surgical Company

Request Customization: https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=2170

Each of these players has been profiled in the intraocular lens market report based on parameters such as company overview, financial overview, business strategies, application portfolio, business segments, and recent developments

More Trending Reports of Transparency Market Research:

Chronic Pelvic Pain Treatment Market: https://www.transparencymarketresearch.com/chronic-pelvic-pain-treatment-market.html

Controlled Substance Market: https://www.transparencymarketresearch.com/us-controlled-substance-market.html

Tree Nut Allergy Market: https://www.transparencymarketresearch.com/us-tree-nut-allergy-market.html

Cannabinoids Market: https://www.transparencymarketresearch.com/cannabinoids-market.html

Albumin Market: https://www.transparencymarketresearch.com/global-albumin-market.html

Microbiology Culture Market: https://www.transparencymarketresearch.com/us-microbiology-culture-market.html

Prefilled Syringes Market: https://www.transparencymarketresearch.com/prefilled-syringes-market.html

Animal Genetics Market: https://www.transparencymarketresearch.com/animal-genetics-market.html

Contact
Rohit Bhisey
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com

About Transparency Market Research

Transparency Market Research registered at Wilmington, Delaware, United States, is a global market research company providing custom research and consulting services. TMR provides in-depth insights into factors governing demand in the market. It divulges opportunities across various segments based on Source, Application, Sales Channel, and End-Use that will favor growth in the market over the next 9 years.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

For More Research Insights on Leading Industries, Visit Our YouTube Channel and hit subscribe for Future Update - https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Intraocular Lens Market Offering Trends, Share, Size, Growth Until the End of 2028 here

News-ID: 2701936 • Views:

More Releases from Transparency Market Research

Global Solar Powered Agricultural Dryer Market to Exceed USD 2.4 Billion by 2031 - Transparency Market Research
Global Solar Powered Agricultural Dryer Market to Exceed USD 2.4 Billion by 2031 …
The global solar powered agricultural dryer market, valued at US$ 1.6 billion in 2022, is projected to grow at a CAGR of 5.8% from 2023 to 2031, reaching US$ 2.4 billion by the end of 2031. Rising investments in renewable energy, growing awareness of sustainable agricultural practices, and the rapid expansion of the agricultural sector driven by population growth are key factors fueling market growth. Uncover essential discoveries and trends from
Technetium-99m Market Forecast 2034: Rising Demand for Diagnostic Imaging and Radiopharmaceuticals to Propel Market Expansion | Transparency Market Research, Inc
Technetium-99m Market Forecast 2034: Rising Demand for Diagnostic Imaging and Ra …
The global Technetium‐99m Market was valued at US$ 6.0 Billion in 2023 and is projected to grow at a CAGR of 3.3% from 2024 to 2034, surpassing US$ 8.6 Billion by the end of the forecast period. Advancements in nuclear imaging infrastructure, government-backed healthcare initiatives, and an increasing demand for precise diagnostic procedures are fueling this growth. Discover essential conclusions and data from our Report in this sample - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=77100 Analysts' Viewpoint The Technetium‐99m
Equine Diagnostic Services Market Outlook 2030: From US$ 168 Million in 2019 to US$ 280 Million by 2030, Driven by Rising Equine Diseases and Diagnostic Advancements
Equine Diagnostic Services Market Outlook 2030: From US$ 168 Million in 2019 to …
The global Equine Diagnostic Services Market, valued at approximately US$ 168 million in 2019, is projected to expand at a compound annual growth rate (CAGR) of ~5% from 2020 to 2030, reaching around US$ 280 million by 2030. Equine diagnostic services, encompassing tests like genetic, infectious disease, and imaging diagnostics, are critical for managing horse health in veterinary hospitals, clinics, and mobile settings. The market is driven by increasing equine
Digital Printing Market to Reach USD 54.4 Billion by 2034, Growing at a CAGR of 6.1%
Digital Printing Market to Reach USD 54.4 Billion by 2034, Growing at a CAGR of …
The digital printing market is experiencing strong growth, driven by rapid technological advancements, rising demand for personalized and on-demand printing, and an increasing focus on sustainable solutions. Digital printing allows for the direct transfer of digital files onto a wide range of substrates, offering high-resolution output with greater speed and flexibility. Its adaptability has led to broad adoption across industries such as packaging, textiles, publishing, and advertising-sectors where customization, efficiency,

All 5 Releases


More Releases for IOL

PMMA IOL Market Size 2024 to 2031.
Market Overview and Report Coverage PMMA IOL, or polymethyl methacrylate intraocular lens, is a type of artificial lens implanted in the eye during cataract surgery. It is known for its durability, optical clarity, and biocompatibility. The PMMA IOL Market is experiencing steady growth and is expected to continue expanding in the coming years. Factors driving this growth include the rising prevalence of cataract cases due to aging population, increasing awareness
Spherical IOL Market- Projections & Estimations, Forecast by 2020-2029
The report includes vital information on the current size and projected growth of the entire market for spherical iol and its relevant sectors. It also includes market characteristics, top suppliers, consumer preference patterns, and geographic market potential. Dhirtek Business Research and Consulting created this study using both primary and secondary sources. Primary sources included core and associated industry specialists, as well as those associated with service providers, deployment engineers, maintenance
Global Aspheric IOL Market - Opportunities & Forecasts, 2020-2029
The research report from Dhirtek Business Research and Consulting is a thorough examination of the global aspheric iol market. Subject matter experts and a team of highly trained researchers have worked tirelessly to compile an original research report on the global aspheric iol market. Analysts have researched the various items on the market and provided unbiased opinions on the variables that are expected to drive and constrain the market. To
Intraocular Lens (IOL) Market Size - Forecasts to 2027
According to a new market research report published by Global Market Estimates, the Global Intraocular Lens (IOL) Market is projected to grow from USD 4.2 billion in 2022 to USD 5.8 billion by 2027 at a CAGR value of 4.4% from 2022 to 2027. The market will be driven during the forecast period owing to, rising prevalence of eye diseases and diabetes in the overall population around the world, technological
Intraocular Lens (IOL) Market 2022 | Detailed Report
The research reports on “Intraocular Lens (IOL) Market” report gives detailed overview of factors that affect global business scope. Intraocular Lens (IOL) Market report shows the latest market insights with upcoming trends and breakdowns of products and services. This report provides statistics on the market situation, size, regions and growth factors. An exclusive data offered in this report is collected by research and industry experts team. Download FREE Sample Report @
Market Analysis: Intraocular Lens (IOL) Market on the Rise
The global intraocular lens (IOL) market size is projected to reach USD 5,318.8 million by 2026, thereby exhibiting a CAGR of 6.8% during the forecast period. However, the market was worth USD 3,159.3 million in 2018. This information is published in a recent report by Fortune Business Insights(TM), titled, "Intraocular Lens (IOL) Market Size, Share & Industry Analysis, By Type [Monofocal Intraocular Lens and Premium Intraocular Lens (Multifocal Intraocular Lens,