Intraocular Lens Market

30 Apr


Intraocular Lens Market Poised to Grow at a CAGR of 5% by 2024

  • By admin

  • January, 1970

Infinium Global Research has added a new report on Intraocular Lens Market. The report presents analysis of global as well as regional markets of intraocular lens market over the period of 2016 to 2024.


Intraocular lens is a lens inserted inside the eye to replace the eye's natural lens during cataract surgery. The major advantage of intraocular lenses are, they offer good and clear vision after cataract surgery. As the intraocular lenses have become well developed and are considered to be safe, they are accepted as the standard of modern cataract surgery. Additionally, Aspheric IOLs, Toric IOLs, Accommodating IOLs and Multifocal IOLs are the various types of the intraocular lens which is choose according to specific visual needs.


According to the World Health Organization (WHO), nearly 7 million to 12 million cataract operations were performed in the year 2000 and 20 million cataract operation were performed in 2010. By the year 2020, cataract surgeries are anticipated to reach 32 million annually. The major factor such as rising geriatric population ocular conditions, incidence of cataracts are some of the key factors, driving growth in this market. Additionally, initiative taken by the government to remove avoidable blindness growing among aged population across the world are expected to fuel the growth of intraocular lens market. Moreover, the technological innovation in the intraocular lens is also responsible for enhancing the growth of this market. Going further growing number of vision correction procedure such as LASIK, cataract surgeries and others is responsible for significant growth in the intraocular market. However, the lack of proper coverage for premium IOLs and high cost related with surgical procedure are hindering the growth of intraocular lens market. In near future, accessibility of advance technologies such as micro-incision cataract surgery and femtosecond lasers may provide huge growth opportunities for the key players in the intraocular lens market.


North America is holding a leading region among other geographies in the intraocular lens market and is expected to dominate throughout the forecast period. Improved reimbursements policies, rising the incidence of cataracts and government entities to set up eye care facilities have contributed for the growth in this market in North America region. Asia pacific accounted for the fastest growing in terms of revenue over upcoming year. The developing countries such as India and china are anticipated to be fastest growing economies in Asia pacific region. Owing to huge patient pool and growing the healthcare industry.  

The leading companies in the market are Abbott Medical Optics, Carl Zeiss Meditec AG, Bausch & Lomb, Inc., Alcon (Novartis AG), Calhoun Vision, Inc.,Staar Surgical Company ,Hoya Surgical Optics, Rayner Intraocular Lenses Limited, Oculentis GmbH. Some Key players investing in merger and acquisition for the expand product portfolio. Moreover, the growth matrix presented by Infinium Global Research identifies the key investment markets in the near future, this will not only help the companies to understand the competitive position in the global intraocular lens market but also make strategic decisions to capture the most lucrative markets in the near future.


The market size is presented in terms of value for the historic year 2016 and estimated for forecast period of 2018-2024.

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The recent report identified that North America dominated the global intraocular lens market over the last couple of years, while emerging markets of Asia-Pacific and Latin America are anticipated to contribute significantly to the growth in the intraocular lens market worldwide.


The report segments the global intraocular lens market on the basis of Product, Material and End-user .


Global Intraocular Lens Market by Product  

·          Monofocal IOL

·          Multifocal IOL

·         Toric IOL

·          Accommodative IOL


Global Intraocular Lens Market by Material

·         Polymethyl Methacrylate (PMMA)

·         Silicone

·         Hydrophobic Acrylic


Global Intraocular Lens Market by End-user 

·         Hospitals

·          Ophthalmic Clinics 

·          Ambulatory Surgery Centers 

·          Eye Research Institutes


Companies Profiled in the Report

·         Abbott Medical Optics

·         Carl Zeiss Meditec AG

·         Bausch & Lomb, Inc.

·         Alcon (Novartis AG) 

·         Calhoun Vision, Inc.

·         Staar Surgical Company 

·         Hoya Surgical Optics

·         Rayner Intraocular Lenses Limited

·         Oculentis GmBH


About Infinium Global Research

Infinium Global Research is a business intelligence company that provides its clients with market information services, solutions, and reports. The intelligence reports include qualitative as well as quantitative information, which are blended using forecasting models in order to project future market demand. Our panels of Subject Matter Experts (SMEs), Analysts, and Consultants use numerous data gathering tools in order to provide you with detailed information on the market as well as a preview of its projected growth. Our repository includes the largest and most credible databases, through which we determine various qualitative and quantitative parameters of the market to provide you with an in-depth business intelligence report.

Infinium Global Research reports and consulting services cover numerous sectors, which include healthcare, chemicals, materials, energy, packaged goods, food and beverages, technology, and communications. These reports provide readers with market insights and detailed analysis of market segments to possible micro levels. Our reports, with stratified research methodology and wider scope of analysis, provide clients with crucial insights and information to meet their every requirement.