Intraocular Lens (IOL) Market Size to Hit 6.77 Billion by 2029 At a Striking 6.8% CAGR

Published April 17, 2023

Intraocular Lens (IOL) 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 intraocular lens (IOL) 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.

Fortune Business Insights has published a new report titled Intraocular Lens Market- Potential Analysis and Market Outlook. The Intraocular Lens Market investigates in-depth research on several segments such as size, share, development, innovation, sales, and overall growth of important businesses. The study is based on primary and secondary data sources, and it includes both qualitative and quantitative information.

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Major Key Players in Intraocular Lens Market Report are:

  • Alcon
  • Johnson and Johnson Services, Inc.
  • Bausch and Lomb Incorporated
  • HOYA Corporation
  • Rayner Intraocular Lenses Limited
  • Oculentis
  • Hanita Lenses
  • SIFI S.p.A
  • Biotech

Report Drivers and Trend Analysis:

Increasing Cataract Procedures to Advance the Market

The frequency of cataract and an increase in cataract surgery cases are expected to fuel the expansion of the intraocular lens (IOL) market. Cataract surgery is one of the most frequent ophthalmic treatments, and its frequency has grown. In accordance with a 2021 article from Cataract Refractive Surgery Today (CRST), more than 20.0 million cataract surgeries are carried out annually all around the world. Increased demand for cataract surgery and occurrences of blindness are anticipated to fuel market expansion. The introduction of numerous government programmes and policies is anticipated to drive industry expansion.

However, it is projected that the absence of premium product reimbursement regulations in a number of nations will restrain market expansion.

The Scope of the Report:

The global Intraocular Lens Market is segmented by application, type, service, technology, and geography in the report. Each chapter in this section helps readers understand the nitty-gritty of the market. A closer look at segment-based research is intended to give readers a better understanding of the market's potential and risks. It also analyses political possibilities that are predicted to have a modest and large impact on the market. The global Intraocular Lens Market study evaluates changing regulatory conditions in order to provide accurate estimates regarding possible investments. It also assesses the risk of new entrants and the competitive rivalry's strength.

Methodical tools such as SWOT analysis, Porter's five forces analysis, and investment return examination were employed in market study to break down the development of the key players functioning in the market.

Growth Indications in the Market include mergers and acquisitions, mergers and acquisitions, RandD, new product development, joint ventures, and associations of prominent companies working in the market.

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Intraocular Lens Market Segmentation:

By Type

  • Monofocal
  • Premium
    • Multifocal
    • Toric
    • Others

By Material

  • Polymethylmethacrylate (PMMA)
  • Foldable
    • Hydrophobic Acrylic
    • Hydrophilic Acrylic
    • Silicone and Collamer

By End-user

  • Hospitals and Ambulatory Surgery Centers
  • Specialty Clinics
  • Academic and Research Institutes

Executive Summary: It includes a summary of the most important research, the global Intraocular Lens Market growth rate, modest circumstances, market trends, drivers and issues, as well as macroeconomic indicators.

The extent of the products offered in the Intraocular Lens Market, the years measured, and the study points are all covered in the study analysis.

Competitive Analysis: Each competitor in this market is screened based on their products, services, value, SWOT analysis, growth, and other relevant characteristics.

Geographic Analysis: This Intraocular Lens Market research examines data from all regional markets in terms of production, sales, imports and exports, and important players.

Table of Contents:

Chapter 1:An Overview of the Industry

Chapter 2:Significant Segmentation (Classification, Application and etc.) Analysis

Chapter 3:Study of the Production Market

Chapter 4: Sales Market Analysis

Chapter 5: Consumption Market Analysis

Chapter 6: Production, Sales and Consumption Market Comparison Analysis

Chapter 7: Major Manufacturers Production and Sales Market Comparison Analysis

Chapter8: Competition Analysis by Players

Chapter 9: Marketing Channel Analysis

Chapter 10: New Project Investment Feasibility Analysis

Chapter 11: Manufacturing Cost Analysis

Chapter 12: Industrial Chain, Sourcing Strategy and Downstream Buyers

Thank you for reading the article, Regional reports like North America, Europe, Asia-Pacific, LAMEA are also available.

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