Intraocular Lens Market Size by Segments, Share, Regulatory and Reimbursement, Procedures and Forecast to 2033
Intraocular Lens (IOL) Market Report Overview
The intraocular lens (IOL) market was valued at $4.27 billion in 2022. The intraocular lens is an artificial lens used in vision correction procedures such as cataracts to replace the cloudy or defective natural eye lens. Vision impairment severely impacts the quality of life among adult populations resulting in lower rates of workforce participation and productivity. Vision restoration and rehabilitation are very effective in improving functioning for people with an irreversible vision impairment that can be caused by eye conditions such as cataracts, diabetic retinopathy, glaucoma, consequences of trauma, and age-related macular degeneration. Thus, with the rise in the number of eye surgeries, the use of IOLs is likely to surge considerably during the projected period.
Intraocular Lens Market Outlook 2022-2033 ($ Billion)
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The intraocular lens market research report is built to visualize quantitative market trends within ophthalmic devices therapeutic areas. Furthermore, the model discusses in detail the impact of COVID-19 on the intraocular lens market for the year 2020 and beyond.
| Market Size (2022) | $4.27 billion |
| Historic Period | 2015-2022 |
| Forecast Period | 2023-2033 |
| Key Segments |
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| Key Regions |
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| Key Companies |
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Intraocular Lens Market Dynamics
The IOL market is expected to grow at a steady rate during the forecast period as it is linked to the number of eye surgeries being performed across regions. Most countries around the world have started investing considerably in healthcare and health insurance policies. The IOL market is expected to benefit from such policy changes. In addition, factors such as the rise in the global geriatric population, the high prevalence of ocular disorders, and the surge in awareness will influence the IOL market growth positively during the projected period.
Intraocular Lens Market Segments
The key segments in the intraocular lens market are foldable IOL and polymethyl methacrylate (PMMA) IOL. In 2022, the foldable IOL dominated the market share. This segment is further classified into monofocal foldable IOL, multifocal foldable IOL, and toric foldable IOL. Of this, the monofocal foldable IOL sub-segment dominated the market in 2022. These IOLs are likely to displace standard monofocal IOLs because they offer patients more spectacle independence with negligible dysphotopsia.
Intraocular Lens Market Analysis by Segments, 2022 (%)
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Intraocular Lens Market Segmentation by Regions
The key regions in the intraocular lens market are Asia-Pacific, Europe, the Middle East and Africa, North America, and South and Central America. In 2022, the Asia-Pacific region had the largest and fastest intraocular lens market growth due to a large patient pool with a rising prevalence of cataracts and refractive error. Furthermore, some favorable government policies such as the National Health Insurance and relaxation of customs duties will boost market growth within Asia-Pacific.
Intraocular Lens Market Analysis by Regions, 2022 (%)
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Intraocular Lens Market – Competitive Landscape
The key companies in the Intraocular lens market are Alcon Inc, Johnson & Johnson, Hoya Corp, Carl Zeiss Stiftung AG, Bausch Health Companies Inc, and STAAR Surgical Company among others. In 2022, Alcon Inc accounted for the highest intraocular lens market share and value.
Intraocular Lens Market Analysis by Companies, 2022 (%)
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Segments Covered in this Report
Intraocular Lens Segment Outlook ($ Million, 2015-2033)
- Foldable IOL
- Monofocal Foldable IOL
- Multifocal Foldable IOL
- Toric Foldable IOL
- Polymethyl Methacrylate (PMMA) IOL
- Overall
Intraocular Lens Regional Outlook ($ Million, 2015-2033)
- Asia-Pacific
- Europe
- Middle East and Africa
- North America
- South and Central America
Key Inclusions of the market model are –
Currently marketed intraocular lens market and evolving competitive landscape –
- Insightful review of the key industry trends.
- Annualized total intraocular lens market revenue by segment and market outlooks from 2015-2033.
- Market-level data on units, average selling prices, and market values.
Global, Regional, and Country level market specific insights –
- Qualitative market-specific information is available with global trends further broken down into regional trends. In addition, GlobalData analysts provide unique country-specific insights on the market.
- SWOT analysis for the Intraocular lens market.
- Competitive dynamics insights and trends provided for the intraocular lens market.
Drive the understanding of the market by getting the veritable big picture including an overview of the healthcare system. In addition, the Market Access segment allows you to delve deeper into market dynamics with information on reimbursement policies and the regulatory landscape.
- Country-specific overview of the healthcare system.
- Country-specific reimbursement policies.
- Country-specific medtech regulatory landscape.
Robust methodologies and sources enable the model to provide an extensive and accurate overview of the market. Demand and supply-side primary sources are integrated within the syndicated models, including Key Opinion Leaders. In addition, real-world data sources are leveraged to determine market trends; these include government procedure databases, hospital purchasing databases, and proprietary online databases.
Companies covered: Alcon Inc, Johnson & Johnson, Hoya Corp, Carl Zeiss Stiftung AG, Bausch Health Companies Inc, STAAR Surgical Company, Others.
Countries covered: United States, United Kingdom, Germany, France, Italy, Spain, Brazil, China, India, Russia, Japan, Australia, Canada, Mexico, South Korea, Denmark, Ireland, Netherlands, New Zealand, South Africa, Sweden, Switzerland, Austria, Belgium, Finland, Israel, Norway, Poland, Portugal, Taiwan, Czech Republic, Greece, Hungary, Turkey, Egypt, Saudi Arabia, United Arab Emirates, Argentina, and Chile.
Scope
This Market Model gives important, expert insight you won’t find in any other source. The model illustrates qualitative and quantitative trends within the specified market. This model is required reading for
- CMO executives who must have a deep understanding of the Intraocular lens marketplace to make strategic planning and investment decisions.
- Sourcing and procurement executives must understand crucial components of the supply base in order to make decisions about supplier selection and management.
- Private equity investors that need a deeper understanding of the market to identify and value potential investment targets.
Reasons to Buy
The model will enable you to –
- Understand the impact of COVID-19 on intraocular lens.
- Develop and design your in-licensing and out-licensing strategies through a review of pipeline products and technologies, and by identifying the companies with the most robust pipeline.
- Develop business strategies by understanding the trends shaping and driving intraocular lens.
- Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the intraocular lens market in the future.
- Formulate effective sales and marketing strategies by understanding the competitive landscape and by analyzing the company’s share of market leaders.
- Identify emerging players with potentially strong product portfolios and create effective counter-strategies to gain a competitive advantage.
- Track device sales in the global and country-specific intraocular lens market from 2015-2033.
- Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments, and strategic partnerships.
Key Players
Frequently Asked Questions
The intraocular lens market size was $4.27 billion in 2022.
The foldable IOL segment was leading the intraocular lens market in 2022.
Asia-Pacific was the largest regional segment of the intraocular lens market in 2022.
The key companies in the Intraocular lens market are Alcon Inc, Johnson & Johnson, Hoya Corp, Carl Zeiss Stiftung AG, Bausch Health Companies Inc, and STAAR Surgical Company, among others.
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