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Intraocular Lens Market 2023 - Industry Size, Growth, Share, Recent Developments, Top Players Analysis And Forecast 2032
Intraocular Lens Market
The Business Research Company's Intraocular Lens Global Market Report 2023 identifies rising prevalence of eye diseases as the major driver for the Intraocular Lens market's growth in the forecast period. Eye diseases such as macular degeneration, glaucoma, and cataracts lead to vision problems. An intraocular lens is an artificial lens related to the eye. It replaces the eye's natural lens that has been removed during cataract surgery.
The global intraocular lens market size grew from $4.43 billion in 2022 to $4.67 billion in 2023 at a compound annual growth rate (CAGR) of 5.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The intraocular lens market size is expected to grow to $6.12 billion in 2027 at a CAGR of 7.0%.
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Major competitors in the Intraocular Lens market are Bausch + Lomb, Alcon, Johnson & Johnson, Carl Zeiss Meditec, Hoya Corporation, Staar Surgical Company.
A key trend in the Intraocular Lens market includes technological advancements. For example, in January 2022, Alcon, a global leader in eye care, announced the commercial launch of the first presbyopia-correcting intraocular lens with wavefront-shaping technology, AcrySof® IQ Vivity® IOL (Vivity®). This new lens is being made available to Indian ophthalmologists for patients undergoing cataract surgery.
Read More On The Global Intraocular Lens Market Report Here:
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The Intraocular Lens market is segmented -
• By Type: Monofocal Intraocular Lens, Multifocal Intraocular Lens, Toric intraocular lens, Accommodating Intraocular Lens
• By Material: Polymethylmethacrylate (PMMA), Silicone, Hydrophobic Acrylic
• By End User: Hospitals, Ambulatory Surgery Centres, Ophthalmology Clinics, Eye Research Institutes
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Intraocular Lens market.
The Business Research Company's "Global Intraocular Lens Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Intraocular Lens Market Include:
1. Executive Summary
2. Intraocular Lens Market Characteristics
3. Intraocular Lens Market Trends And Strategies
4. Intraocular Lens Market - Macro Economic Scenario
5. Intraocular Lens Market Size And Growth
……………………………
26. Africa Intraocular Lens Market
27. Intraocular Lens Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Intraocular Lens Market
29. Intraocular Lens Market Future Outlook and Potential Analysis
30. Appendix
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