Intraocular Lenses Global Market Report 2023: Growing Demand For Phacoemulsification Drives Adoption Of Foldable Lenses

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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

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• global market for intraocular lenses

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