Intraocular Lens Market 2019 Fortune Business Insights report presents an in-depth analysis of the Memristors market size, growth, share, segments, manufacturers, and technologies, key trends, market drivers, challenges, standardization, deployment models, opportunities, future roadmap and 2026 forecast.

The rising cases of blindness around the world is driving the global intraocular lens market, says Fortune Business Insights in a report, titled “Intraocular Lens Market Size, Share and Global Trend By Type (Traditional/Monofocal Intraocular Lens, Premium Intraocular Lens), By Material (Polymethylmethacrylate Intraocular Lens, Hydrophobic Acrylic Intraocular Lens, Hydrophilic Acrylic Intraocular Lens), By End User (Clinics, Hospitals, Ambulatory Surgery Centers) and Geography Forecast till 2026.” The surge in risk factors responsible for cataract such as diabetes, ageing, obesity, smoking, excessive alcoholism is expected to contribute significantly to the global intraocular lens market.

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According to the report, recent advancements in the intraocular lens such as postop refractive adjustment, a small aperture intraocular lens and the Omega Gemini capsuleis expected to create lucrative growth opportunities for the global intraocular lens market during the forecast period.

The report provides cumulative insights on the intraocular lens industry and gives a brief summary of the recent industry developments in the intraocular lens market. Moreover, the report focuses on the market dynamics and growth factors apart from highlighting the restricting concerns.

Some of the Leading Players in Global Intraocular Lens Market Report Are:

  • Omni Lens
  • PhysIOL
  • Rayner Intraocular Lenses Limited
  • HOYA Corporation
  • Johnson and Johnson, Inc.
  • Bausch and Lomb Incorporated
  • Novartis AG
  • Human Optics AG
  • ZEISS Medical Technology
  • The Fred Hollows Intraocular lens laboratory

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Rising Prevalence of Cataract Will Propel Growth

The increasing incidence of blindness and rising prevalence of cataract due to factors such as diabetes, ageing, obesity, smoking, excessive alcoholism is expected to contribute positively to the global intraocular lens market shares. According to data published by Vision Loss Expert Group in their Global Burden of Disease Study in 2018, the number of patients suffering from blindness caused due to diabetes grew from 0.2 million to 0.4 million during the past decade. In addition, the acquisitions between key companies is expected to augment global intraocular lens market growth. For instance, Alcon, a Novartis AG division acquired PowerVision, Inc., a privately-held, US-based fluid-based intraocular lens implants manufacturing company.

Key Segmentation:

By Type

  • Traditional/Monofocal Intraocular Lens
  • Premium Intraocular Lens

By Material

  • Polymethylmethacrylate Intraocular Lens
  • Hydrophobic Acrylic Intraocular Lens
  • Hydrophilic Acrylic Intraocular Lens

By End User

  • Clinics
  • Hospitals
  • Ambulatory Surgery Centers

By Geography

  • North America (USA and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico and Rest of Latin America)
  • Middle East and Africa (South Africa, GCC and Rest of Middle East and Africa)

Approval of EVO+ Visian ICL Will Enable Growth

STAAR Surgical, a leading developer and manufacturer of implantable lensesannounced the CE approval for its EVO+ Visian ICL with Aspheric Optic. These newly designed lenses are implanted in the patient’s eye with an aim to correct vision. The launch of EVO+ Visian ICL with Aspheric Optic is expected to boost the global intraocular lens market revenue. Moreover, the launch of preloaded IOL Injection System is likely to uplift the global intraocular lens market shares during the forecast period. For instance,Rayner announced the launch of RayOne Preloaded IOL Injection System. The newly developed system is equipped with the C-flex and Superflex platforms which offer superior quality of the vision.

Increasing Awareness About Eye Diseases Will Enable Growth In Asia Pacific

North America is expected to dominate the global intraocular lens market during the forecast period owing to the increasing prevalence of cataract and high-risk factors associated with cataracts and astigmatism. According to the World Health Organization (WHO), in 2018 an estimated 18.0 million people caused cataract globally; also according to the data, cataract is responsible for an estimated 47.9% of global blindness.

In addition, certain benefits offered by an intraocular lens such as ease of use, easy accessibility, and minimal costs are expected to fuel demand, which, will, in, turn boost the global intraocular lens market growth in North America. Asia Pacific holds a significant share in global intraocular lens market size owing to rising awareness about advanced treatment options for eye diseases. Middle East and Africa followed by Latin America are predicted to register at a considerable CAGR owing to a higher potential for market penetration and rapidly increasing patient pool.

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