Intraocular lens (IOL) market is projected to reach USD 4.56 Billion by 2022

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The intraocular lens (IOL) market is valued at 3.34 Billion in 2016 and is expected to grow at a CAGR of 5.4% during the forecast period (2017 to 2022), to reach to USD 4.56 Billion by 2022. Base year considered for the report is 2016.

(EMAILWIRE.COM, July 24, 2018 ) The growth of the intraocular lens market during the forecast period is mainly driven by the rising prevalence of eye diseases (cataract and refractive errors) associated with rising geriatric population; increasing government, private, and non-profit organizations initiatives to control and treat blindness caused by cataract; and technological advancements in IOLs.

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Objectives of the study

To define, describe, and forecast the intraocular lens market by type, material, end user, and region
To provide detailed information regarding major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
To analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the overall market
To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market players
To forecast the size of the intraocular lenses market with respect to the five key regions—North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa
To profile the key players in the global intraocular lens market and comprehensively analyze their core competencies2
To track and analyze competitive developments such as agreements and partnerships; mergers and acquisitions; and product developments and launches of key players in the global intraocular lens market
Micromarkets are segments and subsegments of the global intraocular lens (IOL) market.
Core competencies of the companies are captured in terms of their product portfolio, key developments, and strategies adopted to sustain their positions in the market.
Research Methodology

Top-down and bottom-up approaches were used to validate the size of the intraocular lens market and to estimate the size of other dependent submarkets. Various secondary sources such as associations (including International Council of Ophthalmology (ICO), American Academy of Ophthalmology (AAO), World Health Organization (WHO), The Organization for Economic Co-operation and Development (OCED), European Society of Cataract and Refractive Surgeons (ESCRS), All India Ophthalmological Society (AIOS), National Institute of Ophthalmology (NIO), American Society of Cataract and Refractive Surgery (ASCRS), directories, industry journals, databases, and annual reports of the companies have been used to identify and collect information useful for the study of this market. Primary sources such as experts from both supply and demand sides have been interviewed to obtain and validate information as well as to assess dynamics of this market.

The major players in the intraocular lens market are Alcon, Inc. (US) (Novartis AG (Switzerland)), Bausch + Lomb (US) (Valeant Pharmaceuticals International (Canada)), Johnson & Johnson Vision Care, Inc. (US), Carl Zeiss Meditec (Germany), HOYA Corporation (Japan), STAAR Surgical Company (US), Rayner Intraocular Lenses Limited (UK), PhysIOL (Belgium), Ophtec BV (Netherlands), Swiss Advanced Vision (SAV IOL) (Switzerland), Oculentis GmbH (Germany), NIDEK CO., LTD. (Japan), Aurolab (India), Omni Lens Pvt Ltd. (India), Care Group (India), Hanita Lenses R.C.A Ltd. (Israel), and Fred Hollows Intraocular Laboratory (Eritrea).

Target Audience:

Intraocular lenses manufactures
Intraocular lenses suppliers and distributors
Healthcare service providers (including hospitals, eye clinics, and public and private eye care centers)
Government associations
Health insurance provider companies
Market research and consulting firms
Venture capitalists and investors

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