Dublin, March 23, 2023 (GLOBE NEWSWIRE) -- The "Intraocular Lenses: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Intraocular Lenses Market to Reach $6.8 Billion by 2030
In the changed post COVID-19 business landscape, the global market for Intraocular Lenses estimated at US$3.8 Billion in the year 2022, is projected to reach a revised size of US$6.8 Billion by 2030, growing at a CAGR of 7.4% over the analysis period 2022-2030. Standard, one of the segments analyzed in the report, is projected to record 6.3% CAGR and reach US$3.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Premium segment is readjusted to a revised 8.8% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1 Billion, While China is Forecast to Grow at 11.4% CAGR
The Intraocular Lenses market in the U.S. is estimated at US$1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.5 Billion by the year 2030 trailing a CAGR of 11.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.5% and 5.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.4% CAGR.
Select Competitors (Total 28 Featured) -
- Aaren Scientific Inc.
- Bausch + Lomb Inc.
- Carl Zeiss Meditec AG
- EyeKon Medical Inc.
- Hoya Corporation
- Johnson & Johnson Vision Care Inc.
- Lenstec Inc.
- OPHTEC BV
- PhysIOL s.a.
- Rayner Intraocular Lenses Limited
- STAAR Surgical Company
- The HumanOptics AG
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 266 |
| Forecast Period | 2020 - 2027 |
| Estimated Market Value (USD) in 2020 | $3.7 Billion |
| Forecasted Market Value (USD) by 2027 | $5.5 Billion |
| Compound Annual Growth Rate | 5.8% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Rising Incidence of Vision Disorders and the Subsequent Need for Vision Correction Procedures: A Business Case for Ocular Products
- Recent Market Activity
- Intraocular Lenses (IOLs) - Promise of Improved Vision Aids Market Growth
- Growth Drivers and Restraints - In a Nutshell
- Increasing Volume of Cataract Surgeries - Growth Opportunity for IOL Market
- Developed Countries Dominate with US Leading the Way in the IOLs Market
- Premium Products Drive Revenue Growth
- Increase in IOL Implantations at Hospitals & Ambulatory Surgery Centers
- Foldable IOLs Find Favor
- Intraocular Lenses - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Challenges Confronting IOL Market
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- The Transition from Non-foldable to Foldable Continues
- Growing Demand for Phacoemulsification Drives Adoption of Foldable Lenses
- Healthcare Spending & General Economy:Key Determinations of Growth in IOL Market
- Demographic Factors Influencing Growth in the IOL Market
- Dramatic Growth in Geriatric Population
- Burgeoning Global Population & Urbanization
- Rising Risk of Diabetic Retinopathy Fuels Growth in IOLs Market
- Target Customer Groups & their Requirement Patterns
- Technological Innovations: A Boon to the IOL Industry
- Lasers: The High-Tech Solution
- Viscosurgery: A Safer Alternative
- Low Energy Methods for Cataract Removal
- Trifocal and Multifocal IOLs for Extended Depth of Focus
- Latest Developments in IOLs and Associated Technologies
- Perfect Lens
- IC-8 IOL
- Omega Gemini Capsule
- Femtosecond Laser Heralds Next Generation of Refractive Surgery
- Product Innovations in Accommodative IOLs Pep-Up the Market
- PC-IOLs: Raising the Standard
- Accommodative IOLs or Multifocal IOLs - The Tussle Carries On
- Post-Operative Refractive Errors: A Concern for Premium IOLs
- Adjustable IOLs - Addressing Refractive Concerns of IOLs
- Debate Continues on Whether UV Protection is Essential in IOLs
- The Blue Light Saga
- Reimbursement Programs: The Key Determinant for Advanced IOLs
- IOL Reimbursement - A Comparison between the US and European Systems
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
A selection of companies mentioned in this report includes
- Aaren Scientific Inc.
- Bausch + Lomb Inc.
- Carl Zeiss Meditec AG
- EyeKon Medical Inc.
- Hoya Corporation
- Johnson & Johnson Vision Care Inc.
- Lenstec Inc.
- OPHTEC BV
- PhysIOL s.a.
- Rayner Intraocular Lenses Limited
- STAAR Surgical Company
- The HumanOptics AG
For more information about this report visit https://www.researchandmarkets.com/r/uostmn
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