GLOBAL INTRAOCULAR LENS MARKET FORECAST 2019-2027

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GLOBAL INTRAOCULAR LENS MARKET FORECAST 2019-2027

The global intraocular lens market is anticipated to grow at a CAGR of 4.81% between 2019 and 2027 to generate revenue of $5,828 million by 2027. Intraocular lenses (IOLs) are used for vision correction, and the process is known as refractive lens exchange. The important drivers increasing growth in the global intraocular lens market are growing prevalence of cataract and technological advancements. A cataract is the leading cause of blindness. As the life expectancy of people increases, the number of people with cataract will also increase

 

GLOBAL INTRAOCULAR LENS MARKET FORECAST 2019-2027

Global Intraocular Lens Market by Material (Polymethyl Methacrylate (Pmma), Silicone, Hydrophobic Acrylic) by End-user (Hospitals, Ophthalmic Clinics, Ambulatory Surgery Centers, Eye Research Institutes) by Type (Monofocal Intraocular Lenses, Premium Intraocular Lenses) by Geography.

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The global intraocular lens market is anticipated to grow at a CAGR of 4.81% between 2019 and 2027 to generate revenue of $5,828 million by 2027. Intraocular lenses (IOLs) are used for vision correction, and the process is known as refractive lens exchange. The following factors primarily drive the intraocular lens market:

  • Growing prevalence of cataract
  • The surge in minimally invasive procedures demand
  • Technological advancements

The important drivers increasing growth in the global intraocular lens market are growing prevalence of cataract and technological advancements. A cataract is the leading cause of blindness. As the life expectancy of people increases, the number of people with cataract will also increase. With the improvement in cataract surgery, the results over the past few years have been surprising, which is driving the intraocular lens market.

The intraocular lenses types are used extensively for various purposes. Monofocal IOLs are the traditional and the most common intraocular lens used after the cataract surgery. This lens has a fixed focus in one distance and has a single zone of clear focus, producing excellent vision from a determined distance. Premium lens is individually customized to correct ametropia or presbyopia during cataract or lens replacement surgery. The premium lens is bifurcated into toric intraocular lens, multifocal intraocular lens, accommodating intraocular lens and other premium intraocular lens. Toric intraocular lens is a type of premium lens, which is used for correcting astigmatism and myopia. The multifocal IOL contain different zones, which give sharp vision at multiple distances, thereby allowing the patients to get a continuous range of vision from long, intermediate, and near distances. The other IOLs include blue light filtering IOLs, Phakic, and aspheric IOLs.

Complications associated after surgery and reimbursement issues are the major factors hindering the intraocular lens market. Some individuals have reported a few complications after cataract surgery, which could lead to a partial loss of vision or require further surgery. The charges for premium lenses and emerging technologies like femtosecond laser are not clear and the reimbursement is limited only up to the allowed limit in the home country.

The global intraocular lens market segments include material, type, and end-user.

Materials are segmented into:

  • Polymethyl Methacrylate (PMMA)
  • Hydrophobic acrylic
  • Silicone

Types are segmented into:

  • Premium intraocular lenses
    • Toric intraocular lens
    • Accommodating intraocular lens
    • Multifocal intraocular lens
    • Other premium intraocular lens
      • Blue light filtering IOLS
      • Aspheric IOLS
      • Phakic
    • Monofocal intraocular lenses

End-Users are segmented into:

  • Eye research institutes
  • Hospitals
  • Ambulatory surgery centers
  • Ophthalmic clinics

This report covers the present market conditions and the growth prospects of the global intraocular lens market for 2019-2027 and considered the revenue generated through the sales of intraocular lens for material, type, and end-user to calculate the market size by considering 2018 as the base year.

Geographically, the global intraocular lens market has been segmented based on four major regions, which include:

The intraocular lens market in North America is anticipated to hold the largest share by 2027 possibilities of increased use of the intraocular lens. North America intraocular lens market constitutes approximately 39% share. The prevalence of blindness and vision impairment and other eye-related disorders is expected to increase rapidly among all age group, gender and racial group in North America. It has been estimated that age-related macular degeneration is expected to double by 2050, from 2.1 million to 3.7 million.

On the other hand, the Asia-Pacific market is anticipated to the fastest-developing region for the intraocular lens market. Rising prevalence of diabetic eye disease and cataract in the region is boosting the adoption of intraocular lens implants. The market in this region is expected to grow at a lucrative rate during the forecast period owing to the rise in geriatric population and an exponential increase in the diabetic population in the region.

The intraocular lens market is segmented by material which is sub-divided into silicone and hydrophobic acrylic, Polymethyl Methacrylate (PMMA) and also segmented on the basis of end-user which is sub-divided into ophthalmic clinics, hospitals, ambulatory surgery centers and eye research institutes. Sulcus-placed IOLs and sulcus-sutured IOLs are made of PMMA as it is rigid and thus helps in good centration (focus on one point).

Silicone was the first material available for developing foldable IOLs. A huge number of cataract surgeries are performed at hospitals, due to the patient-centered care, good environment with all necessary equipment, strong clinical team, and necessary support from hospital management. The major reason behind the continuous growth of ambulatory clinics is its lower cost compared to hospitals. Innovation in IOL technology and different research activities are likely to drive the intraocular lens market in the upcoming years.

The major market players of the global intraocular lens market are:

  • Alcon Inc.
  • Johnson & Johnson
  • Valeant Pharmaceuticals
  • Essilor International S.A.
  • Carl Zeiss Meditec AG

Company profiles covers the analysis of important players. Novartis AG (Alcon) is a global pharmaceutical company, by both market capitalization and sales. Alcon offers one of the world’s widest selections of ophthalmic surgical devices and vision care products, including contact lenses, eye drops, disinfecting solutions, etc. Zeiss is one of the key players in the optical and optoelectronic industries, across the world and has been contributing to technological progress, over the past century.

Key findings of the global intraocular lens market:

  • Hydrophobic acrylic is the majorly used material
  • Premium intraocular lenses are the fastest growing intraocular lens type
  • Hospitals are the significantly used end-user

 

  1. RESEARCH SCOPE
    • STUDY GOALS
    • SCOPE OF THE MARKET STUDY
    • WHO WILL FIND THIS REPORT USEFUL?
    • STUDY AND FORECASTING YEARS
  2. RESEARCH METHODOLOGY
    • SOURCES OF DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • TOP-DOWN APPROACH
    • BOTTOM-UP APPROACH
    • DATA TRIANGULATION
  3. EXECUTIVE SUMMARY
    • MARKET SUMMARY
    • KEY FINDINGS
      • HYDROPHOBIC ACRYLIC IS THE MAJORLY USED MATERIAL
      • PREMIUM INTRAOCULAR LENSES ARE THE FASTEST GROWING INTRAOCULAR LENS TYPE
      • HOSPITALS ARE THE SIGNIFICANTLY USED END-USER
  1. MARKET DYNAMICS
    • MARKET SCOPE & DEFINITION
    • MARKET DRIVERS
      • GROWING PREVALENCE OF CATARACT
      • SURGE IN MINIMALLY INVASIVE PROCEDURES DEMAND
      • TECHNOLOGICAL ADVANCEMENTS
    • MARKET RESTRAINTS
      • COMPLICATIONS ASSOCIATED AFTER SURGERY
      • REIMBURSEMENT ISSUES
    • MARKET OPPORTUNITIES
      • DEVELOPING HEALTHCARE SYSTEMS IN EMERGING NATIONS
      • INCREASED DEMAND FOR INTRAOCULAR LENS
    • MARKET CHALLENGES
      • HIGH COST OF PREMIUM PRODUCTS
      • VARIOUS RISK AND COMPLICATIONS ASSOCIATED WITH THE TREATMENT OF OCULAR DISEASES
  1. MARKET BY MATERIAL
    • POLYMETHYL METHACRYLATE (PMMA)
    • SILICONE
    • HYDROPHOBIC ACRYLIC
  2. MARKET BY END-USER
    • HOSPITALS
    • OPHTHALMIC CLINICS
    • AMBULATORY SURGERY CENTERS
    • EYE RESEARCH INSTITUTES
  3. MARKET BY TYPE
    • MONOFOCAL INTRAOCULAR LENSES
    • PREMIUM INTRAOCULAR LENSES
      • TORIC INTRAOCULAR LENS
      • MULTIFOCAL INTRAOCULAR LENS
      • ACCOMMODATING INTRAOCULAR LENS
      • OTHER PREMIUM INTRAOCULAR LENS
        • BLUE LIGHT FILTERING IOLS
        • PHAKIC
        • ASPHERIC IOLS
  1. KEY ANALYTICS
    • PORTER’S FIVE FORCES MODEL
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTE
      • BARGAINING POWER OF BUYERS
      • BARGAINING POWER OF SUPPLIERS
      • THREAT OF COMPETITIVE RIVALRY
    • POLITICAL & LEGAL, ECONOMIC AND TECHNOLOGICAL ANALYSIS
    • REGULATORY FRAMEWORK
    • KEY BUYING CRITERIA
      • COST
      • EFFICACY
      • ACCESSIBILITY
      • INNOVATION
    • OPPORTUNITY MATRIX
  2. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • THE UNITED STATES
      • CANADA
    • EUROPE
      • THE UNITED KINGDOM
      • GERMANY
      • FRANCE
      • ITALY
      • SPAIN
      • REST OF EUROPE
    • ASIA PACIFIC
      • JAPAN
      • CHINA
      • INDIA
      • AUSTRALIA
      • SOUTH KOREA
      • REST OF ASIA PACIFIC
    • REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST AND AFRICA
  1. COMPETITIVE LANDSCAPE
    • MARKET SHARE ANALYSIS
    • COMPANY PROFILES
      • ABBOTT MEDICAL OPTICS, INC. (A SUBSIDIARY OF ABBOTT LABORATORIES, INC.)
      • ALCON
      • BAUSCH HEALTH COMPANIES INC. (FORMERLY VALENT PHARMACEUTICALS INTERNATIONAL INC.)
      • CARL ZEISS AG
      • ESSILOR INTERNATIONAL S.A.
      • EYEKON MEDICAL INC.
      • HOYA CORPORATION
      • HUMANOPTICS AG
      • JOHNSON & JOHNSON, INC.
      • LENSTEC INC.
      • PFIZER
      • RAYNER INTRAOCULAR LENSES LTD.
      • SANTEN PHARMACEUTICAL CO., LTD.
      • STAAR SURGICAL COMPANY

TABLE LIST

TABLE 1        GLOBAL INTRAOCULAR LENS MARKET BY REGION 2019-2027 ($ MILLION)

TABLE 2        GLOBAL INTRAOCULAR LENS MARKET BY MATERIAL 2019-2027 ($ MILLION)

TABLE 3        GLOBAL POLYMETHYL METHACRYLATE (PMMA) MARKET BY REGION 2019-2027 ($ MILLION)

TABLE 4        GLOBAL SILICONE MARKET BY REGION 2019-2027 ($ MILLION)

TABLE 5        GLOBAL HYDROPHOBIC ACRYLIC MARKET BY REGION 2019-2027 ($ MILLION)

TABLE 6        GLOBAL INTRAOCULAR LENS MARKET BY END-USER 2019-2027 ($ MILLION)

TABLE 7        GLOBAL HOSPITALS MARKET BY REGION 2019-2027 ($ MILLION)

TABLE 8        GLOBAL OPHTHALMIC CLINICS MARKET BY REGION 2019-2027 ($ MILLION)

TABLE 9        GLOBAL AMBULATORY SURGERY CENTERS MARKET BY REGION 2019-2027 ($ MILLION)

TABLE 10      GLOBAL EYE RESEARCH INSTITUTES MARKET BY REGION 2019-2027 ($ MILLION)

TABLE 11      GLOBAL INTRAOCULAR LENS MARKET BY TYPE 2019-2027 ($ MILLION)

TABLE 12      GLOBAL MONOFOCAL INTRAOCULAR LENSES MARKET BY REGION 2019-2027 ($ MILLION)

TABLE 13      GLOBAL PREMIUM INTRAOCULAR LENSES MARKET BY REGION 2019-2027 ($ MILLION)

TABLE 14      GLOBAL PREMIUM INTRAOCULAR LENSES MARKET BY TYPE 2019-2027 ($ MILLION)

TABLE 15      GLOBAL OTHER PREMIUM INTRAOCULAR LENSES MARKET BY TYPE 2019-2027 ($ MILLION)

TABLE 16      GLOBAL INTRAOCULAR LENS MARKET BY REGION 2019-2027 ($ MILLION)

TABLE 17      NORTH AMERICA INTRAOCULAR LENS MARKET BY COUNTRY 2019-2027 ($ MILLION)

TABLE 18      EUROPE INTRAOCULAR LENS MARKET BY COUNTRY 2019-2027 ($ MILLION)

TABLE 19      ASIA PACIFIC INTRAOCULAR LENS MARKET BY COUNTRY 2019-2027 ($ MILLION)

TABLE 20      REST OF WORLD INTRAOCULAR LENS MARKET BY REGION 2019-2027 ($ MILLION)

 

FIGURE LIST          

FIGURE 1      GLOBAL INTRAOCULAR LENS MARKET 2019-2027 ($ MILLION)

FIGURE 2      COST OF DIFFERENT PREMIUM IOLS

FIGURE 3      GLOBAL INTRAOCULAR LENS MARKET SHARE BY MATERIAL 2017 & 2027 (%)

FIGURE 4      GLOBAL INTRAOCULAR LENS MARKET BY POLYMETHYL METHACRYLATE (PMMA) 2019-2027 ($ MILLION)

FIGURE 5      GLOBAL INTRAOCULAR LENS MARKET BY SILICONE 2019-2027 ($ MILLION)

FIGURE 6      GLOBAL INTRAOCULAR LENS MARKET BY HYDROPHOBIC ACRYLIC 2019-2027 ($ MILLION)

FIGURE 7      GLOBAL INTRAOCULAR LENS MARKET SHARE BY END-USER 2017 & 2027 (%)

FIGURE 8      GLOBAL INTRAOCULAR LENS MARKET BY HOSPITALS 2019-2027 ($ MILLION)

FIGURE 9      GLOBAL INTRAOCULAR LENS MARKET BY OPHTHALMIC CLINICS 2019-2027 ($ MILLION)

FIGURE 10   GLOBAL INTRAOCULAR LENS MARKET BY AMBULATORY SURGERY CENTERS 2019-2027 ($ MILLION)

FIGURE 11   GLOBAL INTRAOCULAR LENS MARKET BY EYE RESEARCH INSTITUTES 2019-2027 ($ MILLION)

FIGURE 12   GLOBAL INTRAOCULAR LENS MARKET SHARE BY TYPE 2017 & 2027 (%)

FIGURE 13   GLOBAL INTRAOCULAR LENS MARKET BY MONOFOCAL INTRAOCULAR LENSES 2019-2027 ($ MILLION)

FIGURE 14   GLOBAL INTRAOCULAR LENS MARKET BY PREMIUM INTRAOCULAR LENSES 2019-2027 ($ MILLION)

FIGURE 15   GLOBAL PREMIUM INTRAOCULAR LENSES MARKET BY TORIC INTRAOCULAR LENS 2019-2027 ($ MILLION)

FIGURE 16   GLOBAL PREMIUM INTRAOCULAR LENSES MARKET BY MULTIFOCAL INTRAOCULAR LENS 2019-2027 ($ MILLION)

FIGURE 17   GLOBAL PREMIUM INTRAOCULAR LENSES MARKET BY ACCOMMODATING INTRAOCULAR LENS 2019-2027 ($ MILLION)

FIGURE 18   GLOBAL PREMIUM INTRAOCULAR LENSES MARKET BY OTHER PREMIUM INTRAOCULAR LENS 2019-2027 ($ MILLION)

FIGURE 19   GLOBAL OTHER PREMIUM INTRAOCULAR LENS MARKET BY BLUE LIGHT FILTERING IOLS 2019-2027 ($ MILLION)

FIGURE 20   GLOBAL OTHER PREMIUM INTRAOCULAR LENS MARKET BY PHAKIC 2019-2027 ($ MILLION)

FIGURE 21   GLOBAL OTHER PREMIUM INTRAOCULAR LENS MARKET BY ASPHERIC IOLS 2019-2027 ($ MILLION)

FIGURE 22   PORTER’S FIVE FORCE MODEL

FIGURE 23   GLOBAL INTRAOCULAR LENS MARKET REGIONAL OUTLOOK 2018 & 2027 (%)

FIGURE 24   THE UNITED STATES INTRAOCULAR LENS MARKET 2019-2027 ($ MILLION)

FIGURE 25   CANADA INTRAOCULAR LENS MARKET 2019-2027 ($ MILLION)

FIGURE 26   THE UNITED KINGDOM INTRAOCULAR LENS MARKET 2019-2027 ($ MILLION)

FIGURE 27   GERMANY INTRAOCULAR LENS MARKET 2019-2027 ($ MILLION)

FIGURE 28   FRANCE INTRAOCULAR LENS MARKET 2019-2027 ($ MILLION)

FIGURE 29   ITALY INTRAOCULAR LENS MARKET 2019-2027 ($ MILLION)

FIGURE 30   SPAIN INTRAOCULAR LENS MARKET 2019-2027 ($ MILLION)

FIGURE 31   REST OF EUROPE INTRAOCULAR LENS MARKET 2019-2027 ($ MILLION)

FIGURE 32   JAPAN INTRAOCULAR LENS MARKET 2019-2027 ($ MILLION)

FIGURE 33   CHINA INTRAOCULAR LENS MARKET 2019-2027 ($ MILLION)

FIGURE 34   INDIA INTRAOCULAR LENS MARKET 2019-2027 ($ MILLION)

FIGURE 35   AUSTRALIA INTRAOCULAR LENS MARKET 2019-2027 ($ MILLION)

FIGURE 36   SOUTH KOREA INTRAOCULAR LENS MARKET 2019-2027 ($ MILLION)

FIGURE 37   REST OF ASIA PACIFIC INTRAOCULAR LENS MARKET 2019-2027 ($ MILLION)

FIGURE 38   LATIN AMERICA INTRAOCULAR LENS MARKET 2019-2027 ($ MILLION)

FIGURE 39   MIDDLE EAST AND AFRICA INTRAOCULAR LENS MARKET 2019-2027 ($ MILLION)

FIGURE 40   GLOBAL INTRAOCULAR LENS COMPANY MARKET SHARE 2018 (%)

  1. MARKET BY MATERIAL
    • POLYMETHYL METHACRYLATE (PMMA)
    • SILICONE
    • HYDROPHOBIC ACRYLIC
  2. MARKET BY END-USER
    • HOSPITALS
    • OPHTHALMIC CLINICS
    • AMBULATORY SURGERY CENTERS
    • EYE RESEARCH INSTITUTES
  3. MARKET BY TYPE
    • MONOFOCAL INTRAOCULAR LENSES
    • PREMIUM INTRAOCULAR LENSES
      • TORIC INTRAOCULAR LENS
      • MULTIFOCAL INTRAOCULAR LENS
      • ACCOMMODATING INTRAOCULAR LENS
      • OTHER PREMIUM INTRAOCULAR LENS
        • BLUE LIGHT FILTERING IOLS
        • PHAKIC
        • ASPHERIC IOLS
  1. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • THE UNITED STATES
      • CANADA
    • EUROPE
      • THE UNITED KINGDOM
      • GERMANY
      • FRANCE
      • ITALY
      • SPAIN
      • REST OF EUROPE
    • ASIA PACIFIC
      • JAPAN
      • CHINA
      • INDIA
      • AUSTRALIA
      • SOUTH KOREA
      • REST OF ASIA PACIFIC
    • REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST AND AFRICA

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