Intraocular Lenses Global Market Report 2023: Growing Demand for Phacoemulsification Drives Adoption of Foldable Lenses
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Global Market for Intraocular Lenses
Global Market for Intraocular Lenses
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) –
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
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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
For more information about this report visit https://www.researchandmarkets.com/r/uostmn
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