Cataract Lens Market Size to Reach USD 6.77 Billion by 2029, CAGR of 6.8%

Published February 23, 2023

Cataract Lens Market Size, Share & COVID-19 Impact Analysis, By Type (Monofocal, and Premium (Multifocal, Toric, and Others)), By Material (Polymethylmethacrylate (PMMA) and Foldable (Hydrophobic Acrylic and Silicone & Collamer)), By End-user (Hospitals & Ambulatory Surgery Centers, Specialty Clinics, and Academic & Research Institutes), and Regional Forecast, 2022-2029

The global Cataract Lens Market size was valued at USD 3.65 billion in 2021. The market is projected to grow from USD 4.26 billion in 2022 to USD 6.77 billion by 2029, exhibiting a CAGR of 6.8% during the forecast period.

The increasing frequency of cataracts and visual impairments associated with cataracts has resulted in a rise in the volume of cataract procedures performed globally. Fortune Business Insights™ shares this information in its report titled “Cataract Lens Market, 2022-2029.”

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This report provides an overview of market share, size, volume and revenue. We also dug deep into Porter's SWOT Analysis and Five Forces Analysis. The report has been prepared through qualitative and quantitative analysis to enhance the strategic approach. Additionally, numerous primary interviews with key stakeholders and suppliers reinforced the importance of the report. Primary data were collected through telephone calls, questionnaires, and emails. The report also includes secondary sources such as SEC filings, government websites, and press releases.

The report provides a complete analysis of the market's major segments as well as the most recent market developments. It thoroughly discusses the market's driving and restraining variables. Also investigates regional developments and the strategies employed by the market's leading players.

Company Overview:

Company overview provides the information about location of the company where it is headquartered along with the established year, employee strength as of 2021, regions where the company is operating and the key business areas.

Fiscal Overview:

Overall revenue for the year 2021 and 2022 is provided in the sub title “Financial Performance” (public listed companies) along with the analysis and explanation of the increase or decrease in the same due to factors such as mergers and acquisition, profit or loss in any strategic business unit (SBUs) and others.

Product Benchmarking:

Product benchmarking comprises the comprehensive list of products pertaining to the respective market along with the application and key features.

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Strategic Initiatives:

Insights pertaining to the new product launch, strategic collaboration, mergers and acquisition, regulatory approval, and other developments by the company in market are covered under strategic initiatives section.

The report also covers in-depth explanations, competitive scenarios, and a broad product portfolio with a broad product portfolio of key players in Global Cataract Lens Market and SWOT analysis adopted by competitors. This report provides Porter analysis, PESTEL analysis and market appeal to help you better understand macro and microscopic market scenarios.

Top Players:

  • Alcon Inc. (Switzerland)
  • Johnson and Johnson Vision Care, Inc. and
  • Johnson and Johnson Surgical Vision, Inc. (U.S.)
  • Bausch and Lomb Incorporated (Canada)
  • HOYA (Japan)
  • Rayner Intraocular Lenses Limited. (U.K)
  • Hanita Lenses (Israel)
  • SIFI S.p.A (Italy)
  • Biotech (Switzerland)

Competitive Landscape -

Owing to an increase in the number of government initiatives, a specialized segment will take the lead.

The market is separated into two types: monofocal and premium. The premium segment is divided further into multifocal Cataract Lens, toric lenses, and others. Because of the growing number of government programmes to use monofocal lenses for cataract procedures, the monofocal sector is expected to play a prominent role. The premium segment is also expected to expand due to many advantages in the treatment of complicated vision issues such as presbyopia or astigmatism.

Table of Content from Cataract Lens Market:

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
    • Market Trends
  • Key Insights
    • Number of Cataract Surgery, By Key Countries, 2021
    • Prevalence of Cataract, By Key Countries, 2021
    • Regulatory Scenario, By Key Countries
    • Overview of Government Cataract Initiatives
    • New Product Launches, By Key Players
    • Reimbursement Scenario For Key Countries
    • Key Industry Developments Mergers, Acquisitions, and Partnerships
    • Impact of COVID-19 on the Global Cataract Lens Market
  • Global Cataract Lens Market Analysis, Insights and Forecast, 2018-2029
    • Market Analysis, Insights and Forecast By Type
      • Monofocal
      • Premium
        • Multifocal
        • Toric
        • Others
    • Market Analysis, Insights and Forecast By Material
      • Polymethylmethacrylate (PMMA)
      • Foldable
        • Hydrophobic Acrylic
        • Hydrophilic Acrylic
        • Silicone and Collamer
    • Market Analysis, Insights and Forecast By End-user
      • Hospitals and Ambulatory Surgery Centers
      • Specialty Clinics
      • Academic and Research Institutes
    • Market Analysis, Insights and Forecast By Region
      • North America
      • Europe
      • Asia Pacific
      • Latin America
      • Middle East and Africa

TOC Continued…

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