Intraocular Lens Market Growth, Share, Size, Upcoming Trends and Future Scope 2022-2032
Intraocular Lens Market Size- By Type, By Material, By Flexibility, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2032
| Published: Dec-2022 | Report ID: MEDE2218 | Pages: 1 - 228 | Formats*: |
| Category : Medical Devices | |||
Global Intraocular Lens Market Overview
According to SPER Market Research, the Intraocular Lens Market is estimated to reach USD 6.86 billion by 2032 with a CAGR of 5.02%.
The product, material, and end-user segments are used to divide the intraocular lens market. The most often used materials for making lenses are polymethylmethacrylate, silicon, and hydrophobic acrylic; moreover, hydrophilic acrylates and Collamer are employed. Monofocal and quality lenses are some of the several types that are offered on the market. Aspheric, accommodating, toric, phakic, blue light-filtering, and other types of premium lenses are also accessible. Hospitals, Ambulatory Surgery Centers, ophthalmology clinics, and eye research organizations are among the market's end users.
The sale of intraocular lenses by businesses, individuals, and partnerships is referred to as the intraocular lens market. During cataract surgery, an Intraocular lens is introduced inside the eye to replace the natural lens after it has been removed. The artificial intraocular lens takes the place of the eye's natural lens. Anterior chamber lenses and posterior chamber lenses are the two categories of lenses. During refractive lens exchange surgery, a kind of vision correction surgery, Intraocular lenses are utilized.Monofocal intraocular lenses, multifocal intraocular lenses, toric intraocular lenses, and accommodating intraocular lenses are the four primary varieties of intraocular lenses. As a result of its consistent visual results and comparative cost to more expensive options, monofocal lenses are the most popular Intraocular lens used in cataract surgery.
Impact of COVID-19 on the Global Intraocular Lens Market
Because of the possibility of cross-contamination in hospitals and clinics during the Covid-19 outbreak, people with cataract and other eye-related problems were reluctant to seek prompt care. Numerous ophthalmologists were forced to temporarily close their practices. The number of visits to eye clinics and hospitals considerably decreased. According to a significant authority research, the number of patients visiting eye hospitals decreased throughout the epidemic. In consequence, this decreased the demand for intraocular lenses and had a detrimental effect on the intraocular lens market.The market's expansion is primarily attributable to businesses starting up again and adjusting to the new normal as they recover from the COVID-19 effect, which had previously resulted in restrictive containment measures like social isolation, remote work, and the closure of business transactions that created operational difficulties.
The market for intraocular lenses is expanding as eye problems are becoming more common. Vision issues are brought on by eye conditions such cataracts, glaucoma, and macular degeneration. An intraocular lens is a type of prosthetic eye lens. It restores the eye's native lens when cataract surgery removes it. The majority of people have vision problems as a result of too much screen time during COVID-19 lockdown. Nearly half of the world's population will be affected by dry eye illness in the upcoming years. Globally, incidents of eyesight loss have been rising as a result of busy lives. Thus, the market for intraocular lenses will be driven by the increasing prevalence of eye illnesses.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Type, By Material, By Flexibility, By End User |
| Regions covered | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Companies Covered | Accu-Lens Inc, Alcon (Novartis), Bausch & Lomb Incorporated, Carl Zeiss Meditec AG (ZEISS International), ClarVista, Conforma, Cooper Companies, EyeKon Medical, Inc., Hoya Corporation, HumanOptics AG, InnoVision, Johnson and Johnson Vision Care, Inc., Lenstec, Inc., Mediphacos, Menicon Group, Morcher GmbH, Rayner Intraocular Lens Ltd., STAAR Surgical Company. |
Global Intraocular Lens Market Segmentation:
1. By Type:
- Monofocal Intraocular Lens
- Premium Intraocular Lens
- Toric Intraocular Lens
- Accommodating Intraocular Lens
- Phakic
- Blue Light Filtering
- Aspheric
2. By Material:
- Polymethylmethacrylate
- Silicon
- Hydrophobic Acrylic Material
- Hydrophilic Acrylic Material
- Collamer
3. By Flexibility:
- Foldable
- Rigid
4. By End User:
- Hospitals
- Ambulatory Surgery Centers
- Ophthalmology Clinics
- Eye Research Institute
5. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- South America
- Size of Global Intraocular Lens Market (FY’2019-FY’2032)
- Overview of Global Intraocular Lens Market
- Segmentation of Global Intraocular Lens Market By Type (Hardware, Software, Services).
- Segmentation of Global Intraocular Lens Market By Material (Polymethylmethacrylate, Silicon, Hydrophobic Acrylic Material, Hydrophilic Acrylic Material, Collamer).
- Segmentation of Global Intraocular Lens Market By Flexibility (Foldable, Rigid).
- Segmentation of Global Intraocular Lens Market By End User (Hospitals, Ambulatory Surgery Centers, Ophthalmology Clinics, Eye Research Institute).
- Statistical Snap of Global Intraocular Lens Market
- Growth Analysis of Global Intraocular Lens Market
- Problems and Challenges in Global Intraocular Lens Market
- Competitive Landscape in the Global Intraocular Lens Market
- Impact of COVID-19 and Demonetization on Global Intraocular Lens Market
- Details on Recent Investment in Global Intraocular Lens Market
- Competitive Analysis of Global Intraocular Lens Market
- Major Players in the Global Intraocular Lens Market
- SWOT Analysis of Global Intraocular Lens Market
- Global Intraocular Lens Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1 Scope of the report1.2 Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1. Secondary data2.1.2. Primary data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2 Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1 Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers4.1.2 Restraints4.1.3 Opportunities4.1.4 Challenges
4.2 COVID-19 Impacts of the Global Intraocular Lens Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths5.1.2 Weaknesses5.1.3 Opportunities5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape5.2.2 Economic landscape5.2.3 Social landscape5.2.4 Technological landscape5.2.5 Environmental landscape5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers5.3.2 Bargaining power of Buyers5.3.3 Threat of Substitute5.3.4 Threat of new entrant5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Global Intraocular Lens Market, By Type, 2019-2032 (USD Million)
6.1 Monofocal Intraocular Lens6.2 Premium Intraocular Lens
6.2.1 Toric Intraocular Lens6.2.2 Accommodating Intraocular Lens6.2.3 Phakic6.2.4 Blue Light Filtering6.2.5 Aspheric
7. Global Intraocular Lens Market, By Material, 2019-2032 (USD Million)
7.1. Polymethylmethacrylate7.2. Silicon7.3. Hydrophobic Acrylic Material7.4. Hydrophilic Acrylic Material7.5. Collamer
8. Global Intraocular Lens Market, By Flexibility, 2019-2032 (USD Million)
8.1. Foldable8.2. Rigid
9. Global Intraocular Lens Market, By End User, 2019-2032 (USD Million)
9.1. Hospitals9.2. Ambulatory Surgery Centers9.3. Ophthalmology Clinics9.4. Eye Research Institute
10. Global Intraocular Lens Market, By Region, 2019-2032 (USD Million)
10.1 Global Machine Vision Industry Market Size and Market Share by Region (2019-2025)10.2 Global Machine Vision Industry Market Size and Market Share by Region (2026-2032)10.3 Asia-Pacific
10.3.1 Australia10.3.2 China10.3.3 India10.3.4 Japan10.3.5 South Korea10.3.6 Rest of Asia-Pacific
10.4 Europe
10.4.1 France10.4.2 Germany10.4.3 Italy10.4.4 Spain10.4.5 United Kingdom10.4.6 Rest of Europe
10.5 Middle East & Africa
10.5.1 Kingdom of Saudi Arabia10.5.2 United Arab Emirates10.5.3 Rest of Middle East & Africa
10.6 North America
10.6.1 Canada10.6.2 Mexico10.6.3 United States
10.7 Latin America
10.7.1 Argentina10.7.2 Brazil10.7.3 Rest of Latin America
11. Company Profiles
11.1 Accu-Lens Inc.
11.1.1 Company details11.1.2 Financial outlook11.1.3 Product summary11.1.4 Recent developments
11.2 Alcon (Novaritis)
11.2.1 Company details11.2.2 Financial outlook11.2.3 Product summary11.2.4 Recent developments
11.3 Bausch & Lomb Incorporated
11.3.1 Company details11.3.2 Financial outlook11.3.3 Product summary11.3.4 Recent developments
11.4 Carl Zeiss Meditec AG (Zeiss International)
11.4.1 Company details11.4.2 Financial outlook11.4.3 Product summary11.4.4 Recent developments
11.5 ClarVista
11.5.1 Company details11.5.2 Financial outlook11.5.3 Product summary11.5.4 Recent developments
11.6 Conforma
11.6.1 Company details11.6.2 Financial outlook11.6.3 Product summary11.6.4 Recent developments
11.7 Cooper Companies
11.7.1 Company details11.7.2 Financial outlook11.7.3 Product summary11.7.4 Recent developments
11.8 EyeKon Medical Inc.
11.8.1 Company details11.8.2 Financial outlook11.8.3 Product summary11.8.4 Recent developments
11.9 Hoya Corporation
11.9.1 Company details11.9.2 Financial outlook11.9.3 Product summary11.9.4 Recent developments
11.10 HumanOptics AG
11.10.1 Company details11.10.2 Financial outlook11.10.3 Product summary11.10.4 Recent developments
11.11 InnoVision
11.11.1 Company details11.11.2 Financial outlook11.11.3 Product summary11.11.4 Recent developments
11.12 Johnson and Johnson Vision Care Inc.
11.12.1 Company details11.12.2 Financial outlook11.12.3 Product summary11.12.4 Recent developments
11.13 Lenstec Inc.
11.13.1 Company details11.13.2 Financial outlook11.13.3 Product summary11.13.4 Recent developments
11.14 Mediphacos
11.14.1 Company details11.14.2 Financial outlook11.14.3 Product summary11.14.4 Recent developments
11.15 Menicon Group
11.15.1 Company details11.15.2 Financial outlook11.15.3 Product summary11.15.4 Recent developments
11.16 Morcher Gmbh
11.16.1 Company details11.16.2 Financial outlook11.16.3 Product summary11.16.4 Recent developments
11.17 Rayner Intraocular Lens ltd.
11.17.1 Company details11.17.2 Financial outlook11.17.3 Product summary11.17.4 Recent developments
11.18 STAAR Surgical Company
11.19 Company details11.20 Financial outlook11.21 Product summary11.22 Recent developments
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
The Intraocular Lens Market segment is Covered By Type, By Material, By Flexibility, By End User.
The North America region is anticipated to have the highest market share in the Intraocular Lens Market.
The Intraocular Lens Market is projected to reach USD 6.86 billion by 2032, growing at a CAGR of 5.02% during the forecast period.
The Intraocular Lens Market grew in market size from 2021. The Market is expected to reach USD 6.86 billion by 2032, at a CAGR of 5.02% during the forecast period.
The Intraocular Lens Market CAGR of 5.02% during the forecast period.
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The Intraocular Lens Market size is USD 6.86 billion from 2022 to 2032.
The key players in the market include Companies Covered Accu-Lens Inc, Alcon (Novartis), Bausch & Lomb Incorporated, Carl Zeiss Meditec AG (ZEISS International), ClarVista, Conforma, Cooper Companies, EyeKon Medical, Inc., Hoya Corporation, HumanOptics AG, InnoVision, Johnson and Johnson Vision Care, Inc., Lenstec, Inc., Mediphacos, Menicon Group, Morcher GmbH, Rayner Intraocular Lens Ltd., STAAR Surgical Company.
The artificial intraocular lens takes the place of the eye's natural lens. Anterior chamber lenses and posterior chamber lenses are the two categories of lenses. During refractive lens exchange surgery, a kind of vision correction surgery, Intraocular lenses are utilized.Monofocal intraocular lenses, multifocal intraocular lenses, toric intraocular lenses, and accommodating intraocular lenses are the four primary varieties of intraocular lenses.
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