Global Intraocular Lens Market Segment Forecast 2022-2030, with Alcon, Bausch & Lomb, Rayner, Lenstec and STAAR Surgical Company – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Intraocular Lens Market Size, Share, and Trend Analysis Report by Product (Multifocal Intraocular Lens, Toric Intraocular Lens), by End-Use (Hospitals, Ambulatory Surgery Centers), by Region and Segment Forecast , 2022-2030″ report has been added to from ResearchAndMarkets.com offer.
The global intraocular lens market size is expected to reach USD 6.2 billion by 2030. It is expected to grow at a CAGR of 4.8% from 2022 to 2030.
The increase in the geriatric and diabetic population, which is prone to developing cataracts and other visual disorders, is expected to aid the growth of the market. Furthermore, rising awareness of visual disorders, rising healthcare expenditures, and government support to improve healthcare infrastructure are some of the significant factors driving the growth of the market.
Although the market has seen a slight decline in overall sales during the first half of the pandemic, it is expected to recover and thrive over the forecast period. The restrictions and lockdowns imposed by the government have negatively affected the market in terms of demand and supply. While the volume of procedures has dropped drastically due to changing care priorities, the shutdown of manufacturing units has led to the shortage of intraocular lens supply. However, with the opening up of economies and the introduction of vaccines, the market is expected to grow steadily and earn significant profits over the forecast period.
The intraocular lens market has been negatively affected during the pandemic due to the postponement and delay of elective procedures. Cataract surgery is an elective procedure and has therefore been postponed to prevent patients from contracting the virus. However, the market has started to recover and market players and ophthalmologists are focusing on recovering losses and making optimal use of technology to overcome losses incurred during the pandemic. This will help the market grow despite the challenges posed by the pandemic.
Highlights of the Intraocular Lenses Market Report
By product, multifocal intraocular lens segment led the market in 2021 due to higher adoption owing to its benefits such as high precision and enhanced visualization
Based on end use, the hospital segment held the largest revenue share in 2021 due to the majority of cataract surgeries performed in hospitals and the increase in cataract cases
North America held the largest revenue share in 2021 due to the rising incidence of cataracts and other ophthalmic disorders, well-defined regulatory guidelines and favorable reimbursement scenarios in the region
Main topics covered:
Chapter 1 Research Methodology
Chapter 2 Executive Summary
2.1 Intraocular Lenses Market Outlook, 2017- 2030
Chapter 3 Industry Outlook: Market Variables, Trends and Scope
3.1 Mapping Intraocular Lens Penetration and Growth Prospect, 2021
3.2 Trend analysis
3.3 Intraocular Lens Market: Market Dynamics
3.3.1 Market Driver Analysis
184.108.40.206 Increase in the diabetic population
220.127.116.11 Increase in the incidence of visual impairment
18.104.22.168 Improving healthcare infrastructure in emerging economies
3.3.2 Market Restraint Analysis
22.214.171.124 High Cost of Surgeries and Poor Reimbursement Policies
126.96.36.199 Post-treatment complications
3.4 Analysis of key opportunities
3.4.1 Growing partnerships by key players
3.5 Industry Analysis – Porter’s
3.5.1 Supplier Power: Limited Number of IOL Suppliers Contributes to High Supplier Power
3.5.2 Buying power: The consolidated nature of the intraocular lens market has led to the low bargaining power of buyers
3.5.3 Threat of substitution: high due to the presence of several large medical device companies
3.5.4 New Entrant Threat: The presence of established players coupled with the need for adequate capacity results in a low new entrant threat
3.5.5 Competitive rivalry: low due to the consolidated nature of the market
3.6 SWOT Analysis of Intraocular Lens, by PEST
3.7 Intraocular Lens Market: Company Share Analysis
3.9 Trends in the medical device industry
3.10 Medical device R&D landscape
Chapter 4 Intraocular Lens Market: Product Estimates and Trend Analysis
4.1 Global Intraocular Lenses Market: Product Movement Analysis
4.2 Monofocal intraocular lens
4.3 Multifocal intraocular lens
4.4 Toric intraocular lens
4.5 Accommodating intraocular lens
Chapter 5 Intraocular Lenses Market: End-Use Estimates and Trend Analysis
5.1 Global Intraocular Lens Market: End-Use Movement Analysis
5.2 Intraocular lens, by end use
5.2.3 Eye clinics
5.2.4 Ambulatory surgery centers
5.2.5 Eye research institutes
Chapter 6 Intraocular Lenses Market: Regional Estimates and Trend Analysis, by Product and End-Use
Chapter 7 Competitive Landscape
Johnson and Johnson Vision Care, Inc.
Bausch & Lomb Incorporated
Carl Zeiss Meditec AG
EyeKon Medical, Inc.
STAAR Surgical Society
For more information on this report, visit https://www.researchandmarkets.com/r/oujd1j
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