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Intraocular Lens Market Status and Analysis 2017-2025

The global intraocular lens market was valued at US$ 3.8 billion in 2017 and is expected to witness a CAGR of 7.5% over the forecast period (2017 – 2025).
Intraocular Lens Market Size, Share, Trend,
Outlook, Future Growth Analysis And
Synthesis By 2025
Intraocular Lens (IOL) implantation enables restoration of normal vision and significantly reduces
problems associated with cataract spectacles and contact lenses. Surgical techniques for extracting the
human lens continued over time by means of incision size. In later days, invention of implantable,
tolerable and technically feasible IOL was revolutionized in cataract surgery. In case of IOL material,
Rigid or Polymethylmethacrylate (PMMA) was preferred intraocular lens material for a long time due to
its lightness, clarity and stability, which were un-foldable lenses. Advancement in IOL material, PMMA
are eventually replaced by silicone lens, hydrophilic and hydrophobic acrylic lenses. Moreover,
continuous development in new intraocular lens (IOL) material and design has offered more options such
as hydrogel, soft acrylic and silicone IOL. However, ease of use, availability, cost, and surgeon
preference are also important factors, which influence IOL selection. Currently, key players in the
intraocular lens market offers various types IOLs to improve the vision, which includes monofocal lens,
multifocal lens, toric lens, accommodating lens, and trifocal lens.
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Increasing numbers of cataract surgeries, coupled with growing demand for multi-distance vision lens
and significant increase in awareness programs for cataract patients by various government and private
organizations are expected to augment growth of the intraocular lens market over the forecast period.
Moreover, adoption of advanced technologies in cataract surgery and entry of various market players
offering technologically advanced intraocular lens with affordable costs are further expected to drive
growth of intraocular lens market.
The global intraocular lens market was valued at US$ 3.8 billion in 2017 and is expected to witness a
CAGR of 7.5% over the forecast period (2017 – 2025).
Increasing number of Cataract Surgeries is expected to Drive Growth of the Intraocular Lens Market
Diabetes, prolonged exposure to sunlight, consumption of tobacco and alcohol are the major factors
causing cataract and rising number of cataract patients increasing the demand for cataract surgeries. In
addition to this, rising diabetes patients has led to increase in number of cataract surgery, as diabetes is
a major cause of blindness. According to World Health Organization (WHO), around 422 million people
were suffering from diabetes in 2014.
Increasing Governmental Initiatives and Awareness Programs for Cataract Patients is Driving Growth of
the Intraocular Lens Market
Governmental and non-governmental organization are working together to spread awareness
regarding cataract and associated conditions such as blindness. For instance, according to WHO
in 2017, an estimated 253 million people had vision impairment worldwide, which creates the
need for government to take initiatives and conduct awareness program for cataract patients.
WHO and Task Force of International NGO have jointly prepared and launched a common
agenda for global action called ‘The Vision 2020- the right to sight’ in 1999 with aim to
eliminate blindness worldwide by 2020. This organization works jointly to mitigate implications
of blindness in developmental, economic, social and quality of life terms, which is expected to
augment the growth of intraocular lens market in near future.
Report includes chapters which deeply display the following deliverable about industry :
• Intraocular Lens Market Research Objective and Assumption
• Intraocular Lens Market Purview - Report Description, Executive Summary, and Coherent
Opportunity Map (COM)
• Intraocular Lens Market Dynamics, Regulations, and Trends Analysis - Market Dynamics,
Regulatory Scenario, Industry Trend, Merger and Acquisitions, New system Launch/Approvals,
Value Chain Analysis, Porter’s Analysis, and PEST Analysis
• Global Intraocular Lens Market, By Regions
• Intraocular Lens Market Competition by Manufacturers including Production, Share, Revenue,
Average Price, Manufacturing Base Distribution, Sales Area and Product Type.
• Intraocular Lens Market Manufacturers Profiles/Analysis including Company Basic Information,
Manufacturing Base and Its Competitors.
• Intraocular Lens Market Manufacturing Cost Analysis including Key Raw Materials and Key
Suppliers of Raw Materials.
• Industrial Chain, Sourcing Strategy and Downstream Buyers including Upstream Raw Materials
Sourcing and Downstream Buyers
• Marketing Strategy Analysis, Distributors/Traders including Marketing Channel, Market
Positioning and Distributors/Traders List.
• Market Effect Factors Analysis including Technology Progress/Risk, Consumer Needs/Customer
Preference Change and Economic/Political Environmental Change.
• Intraocular Lens Market Forecast including Production, Consumption, Import and Export
Forecast by Type, Applications and Region.
• Research Findings and Conclusion
Competitive Landscape
Major players operating in market include STAAR Surgical Company, HOYA Corporation, Lenstec, Inc.,
Ophtec BV, Johnson & Johnson, Alcon, Bausch & Lomb Incorporated, Carl Zeiss Meditec AG, Rayner
Intraocular Lenses Limited, and HumanOptics AG.
Detailed Segmentation:
Global Intraocular Lens Market, By Flexibility:
Global Intraocular Lens Market, By Product Type:
• Premium Intraocular Lens
• Multifocal Intraocular lens
• Accommodating Intraocular lens
• Toric Intraocular lens
• Monofocal Intraocular Lens
• Preloaded Intraocular Lens
• Others
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