Press release
Intraocular Lens Market Size To Reach US$ 5.4 Billion by 2028
Intraocular Lens Market
IMARC Group's latest research report, titled "Intraocular Lens Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global intraocular lens market size reached US$ 4.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.4 Billion by 2028, exhibiting a growth rate (CAGR) of 5.3% during 2023-2028.
What is Meant by Intraocular Lens ? :
The intraocular lens is implanted in the eye to treat myopia. It is typically implanted after removing the eye's cloudy natural lens during cataract surgery. If the false lens is left in the eye, the intraocular lens is known as pseudophakic; otherwise, it is a phakic. The pseudophakic intraocular lens provides a similar light-focusing function as the natural crystalline lens. The phakic type is kept over the existing natural lens and is employed in refractive surgery to change the eye's optical power for treating myopia. It is extensively used to correct hyperopia, myopia, presbyopia, and astigmatism. IOLs comprise a small plastic lens with plastic side struts to hold the lens in the capsular bag inside the eye. IOLs were conventionally made of rigid material, although this has largely been superseded by using flexible materials, such as silicone.
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Intraocular Lens Market Development and Growth:
The global market is majorly driven by the increasing number of cataract surgeries. In line with this, the rising demand for the advanced premium intraocular lens is significantly contributing to the market growth. Furthermore, the growing incidence of cataracts and the number of diagnosed cases of blindness are positively influencing the market. Apart from this, the escalating awareness regarding cataract treatment and the high healthcare expenditure are catalyzing the market. Moreover, a large geriatric and diabetic population worldwide, susceptible to cataracts and other ophthalmic disorders, is propelling the market. Besides, the increasing government initiatives to reduce the prevalence of cataracts and the rising number of NGOs providing free eye examinations and surgery are strengthening the market. Additionally, the leading manufacturers are investing in research and development activities to offer advanced lenses to help patients with both near and distant vision. This, in turn, is expected to provide a boost to the market.
Key Players Included in Global Intraocular Lens Market Research Report:
• Alcon Inc
• Bausch Health Companies Inc
• Carl Zeiss Meditec AG (Carl-Zeiss-Stiftung)
• EyeKon Medical Inc
• Hoya Corporation
• HumanOptics AG
• Johnson & Johnson
• Lenstec Inc
• Rayner Intraocular Lenses Limited
• STAAR Surgical Company
Ask Analyst for Instant Discount and Download Full Report with TOC & List of Figure: https://www.imarcgroup.com/intraocular-lens-market
Key Market Segmentation:
Breakup by Product:
• Monofocal IOL
• Multifocal IOL
• Toric IOL
• Accommodative IOL
Breakup by Material:
• Polymethylmethacrylate (PMMA)
• Silicone
• Hydrophobic Acrylic
Breakup by End Use:
• Hospitals
• Ophthalmic Clinics
• Ambulatory Care Centers
• Eye Research Institutes
Breakup by Region:
• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
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Contact us:
IMARC Group
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Tel No:(D) +91 120 433 0800
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About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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