Intraocular lens (IOL) is an implantation of the lens in the eye as a part of treatment for cataracts or myopia. During a cataract surgery, the pseudophakia IOL which is one of the most common IOL is implanted once the natural eye lens is removed. It provides the same light focusing function as a natural lens. The second type of lens commonly known as a phakic intraocular lens (PIOL) replaces the natural lens and is used in refractive surgery to change the eye’s optical power as a treatment of myopia. The use of a flexible IOL lens enables the lens to be rolled for insertion into a capsule through a very small incision, avoiding the need for stitches. Growing government initiatives for reducing avoidable blindness have expected to make a positive impact on the growth of the global intraocular lens market over the forecast period of 2021- 2031.
The global intraocular lens market is fueled by the increasing population of cataract and a surge in adoption of the premium intraocular lens. Modification of intraocular lens for improving the quality of the product which benefits the patients one of the important factor which is anticipated to make the market demanding during the estimated period. Another prime issue driving the market growth of intraocular lens is growing population of diabetic patients. New product development of intraocular lens is an essential aspect which has given a positive impact towards the growth of the global intraocular lens market. Therefore, the availability of advanced technologies while manufacturing of lenses is further estimated to create a high growth opportunity for this marketing the near future.
The global intraocular lens market in the report is segmented by product type which includes the monofocal intraocular lens, multifocal intraocular lens, toric intraocular lens, phakic intraocular lens, and others. Based on material, the market has been analyzed as silicone, poly methyl meth acrylate (PMMA), and hydrophobic acrylic. The global intraocular lens market is divided by end- user such as eye research institutes, ophthalmology clinics, and others. Moreover, the global intraocular lens market has been geographically segmented into North America, Europe, Asia-Pacific, Middle East and Africa and Latin America.
Among the other regions, Asia-Pacific holds the largest market share, followed by Europe, North- America, and Rest of the World. Presence of large manufacturing industries inChina, Japan, and South Korea, have therefore pushed the demand of the Asia-Pacific intraocular lens market.
However, post-operative complications and lack of attention towards premium lenses may impose a restriction on the growth of the global intraocular lens market.
Some of the major players in the global intraocular lens market includeAlcon (A Novartis AG Division), Carl Zeiss Meditec AG, Eyekon Medical Inc., Essilor International S.A., Human optics AG, Hoya Corporation, Johnson & Johnson, Lenstec Inc., Rayner Intraocular Lenses Ltd., and Star Surgical Company.
The Global Intraocular Lens Market Has Been Segmented into:
Global Intraocular Lens Market: By Product Type
Global Intraocular Lens Market: By Material
Global Intraocular Lens Market: By End-User
Global Intraocular Lens Market: By Geography