Global Intraocular Lens Market Overview
According to SPER Market Research, the Intraocular Lens Market is estimated to reach USD 6.86 billion by 2032 with a CAGR of 5.02%.
The product, material, and end-user segments are used to divide the intraocular lens market. The most often used materials for making lenses are polymethylmethacrylate, silicon, and hydrophobic acrylic; moreover, hydrophilic acrylates and Collamer are employed. Monofocal and quality lenses are some of the several types that are offered on the market. Aspheric, accommodating, toric, phakic, blue light-filtering, and other types of premium lenses are also accessible. Hospitals, Ambulatory Surgery Centers, ophthalmology clinics, and eye research organizations are among the market's end users.
The sale of intraocular lenses by businesses, individuals, and partnerships is referred to as the intraocular lens market. During cataract surgery, an Intraocular lens is introduced inside the eye to replace the natural lens after it has been removed. The artificial intraocular lens takes the place of the eye's natural lens. Anterior chamber lenses and posterior chamber lenses are the two categories of lenses. During refractive lens exchange surgery, a kind of vision correction surgery, Intraocular lenses are utilized.Monofocal intraocular lenses, multifocal intraocular lenses, toric intraocular lenses, and accommodating intraocular lenses are the four primary varieties of intraocular lenses. As a result of its consistent visual results and comparative cost to more expensive options, monofocal lenses are the most popular Intraocular lens used in cataract surgery.
Impact of COVID-19 on the Global Intraocular Lens Market
Because of the possibility of cross-contamination in hospitals and clinics during the Covid-19 outbreak, people with cataract and other eye-related problems were reluctant to seek prompt care. Numerous ophthalmologists were forced to temporarily close their practices. The number of visits to eye clinics and hospitals considerably decreased. According to a significant authority research, the number of patients visiting eye hospitals decreased throughout the epidemic. In consequence, this decreased the demand for intraocular lenses and had a detrimental effect on the intraocular lens market.The market's expansion is primarily attributable to businesses starting up again and adjusting to the new normal as they recover from the COVID-19 effect, which had previously resulted in restrictive containment measures like social isolation, remote work, and the closure of business transactions that created operational difficulties.
The market for intraocular lenses is expanding as eye problems are becoming more common. Vision issues are brought on by eye conditions such cataracts, glaucoma, and macular degeneration. An intraocular lens is a type of prosthetic eye lens. It restores the eye's native lens when cataract surgery removes it. The majority of people have vision problems as a result of too much screen time during COVID-19 lockdown. Nearly half of the world's population will be affected by dry eye illness in the upcoming years. Globally, incidents of eyesight loss have been rising as a result of busy lives. Thus, the market for intraocular lenses will be driven by the increasing prevalence of eye illnesses.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Type, By Material, By Flexibility, By End User |
| Regions covered | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Companies Covered | Accu-Lens Inc, Alcon (Novartis), Bausch & Lomb Incorporated, Carl Zeiss Meditec AG (ZEISS International), ClarVista, Conforma, Cooper Companies, EyeKon Medical, Inc., Hoya Corporation, HumanOptics AG, InnoVision, Johnson and Johnson Vision Care, Inc., Lenstec, Inc., Mediphacos, Menicon Group, Morcher GmbH, Rayner Intraocular Lens Ltd., STAAR Surgical Company. |
Global Intraocular Lens Market Segmentation:
1. By Type:
- Monofocal Intraocular Lens
- Premium Intraocular Lens
- Toric Intraocular Lens
- Accommodating Intraocular Lens
- Phakic
- Blue Light Filtering
- Aspheric
2. By Material:
- Polymethylmethacrylate
- Silicon
- Hydrophobic Acrylic Material
- Hydrophilic Acrylic Material
- Collamer
3. By Flexibility:
4. By End User:
- Hospitals
- Ambulatory Surgery Centers
- Ophthalmology Clinics
- Eye Research Institute
5. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- South America
Key Topics Covered in the Report:- Size of Global Intraocular Lens Market (FY’2019-FY’2032)
- Overview of Global Intraocular Lens Market
- Segmentation of Global Intraocular Lens Market By Type (Hardware, Software, Services).
- Segmentation of Global Intraocular Lens Market By Material (Polymethylmethacrylate, Silicon, Hydrophobic Acrylic Material, Hydrophilic Acrylic Material, Collamer).
- Segmentation of Global Intraocular Lens Market By Flexibility (Foldable, Rigid).
- Segmentation of Global Intraocular Lens Market By End User (Hospitals, Ambulatory Surgery Centers, Ophthalmology Clinics, Eye Research Institute).
- Statistical Snap of Global Intraocular Lens Market
- Growth Analysis of Global Intraocular Lens Market
- Problems and Challenges in Global Intraocular Lens Market
- Competitive Landscape in the Global Intraocular Lens Market
- Impact of COVID-19 and Demonetization on Global Intraocular Lens Market
- Details on Recent Investment in Global Intraocular Lens Market
- Competitive Analysis of Global Intraocular Lens Market
- Major Players in the Global Intraocular Lens Market
- SWOT Analysis of Global Intraocular Lens Market
- Global Intraocular Lens Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1 Scope of the report
1.2 Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1. Secondary data
2.1.2. Primary data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2 Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1 Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 COVID-19 Impacts of the Global Intraocular Lens Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Global Intraocular Lens Market, By Type, 2019-2032 (USD Million)
6.1 Monofocal Intraocular Lens
6.2 Premium Intraocular Lens
6.2.1 Toric Intraocular Lens
6.2.2 Accommodating Intraocular Lens
6.2.3 Phakic
6.2.4 Blue Light Filtering
6.2.5 Aspheric
7. Global Intraocular Lens Market, By Material, 2019-2032 (USD Million)
7.1. Polymethylmethacrylate
7.2. Silicon
7.3. Hydrophobic Acrylic Material
7.4. Hydrophilic Acrylic Material
7.5. Collamer
8. Global Intraocular Lens Market, By Flexibility, 2019-2032 (USD Million)
8.1. Foldable
8.2. Rigid
9. Global Intraocular Lens Market, By End User, 2019-2032 (USD Million)
9.1. Hospitals
9.2. Ambulatory Surgery Centers
9.3. Ophthalmology Clinics
9.4. Eye Research Institute
10. Global Intraocular Lens Market, By Region, 2019-2032 (USD Million)
10.1 Global Machine Vision Industry Market Size and Market Share by Region (2019-2025)
10.2 Global Machine Vision Industry Market Size and Market Share by Region (2026-2032)
10.3 Asia-Pacific
10.3.1 Australia
10.3.2 China
10.3.3 India
10.3.4 Japan
10.3.5 South Korea
10.3.6 Rest of Asia-Pacific
10.4 Europe
10.4.1 France
10.4.2 Germany
10.4.3 Italy
10.4.4 Spain
10.4.5 United Kingdom
10.4.6 Rest of Europe
10.5 Middle East & Africa
10.5.1 Kingdom of Saudi Arabia
10.5.2 United Arab Emirates
10.5.3 Rest of Middle East & Africa
10.6 North America
10.6.1 Canada
10.6.2 Mexico
10.6.3 United States
10.7 Latin America
10.7.1 Argentina
10.7.2 Brazil
10.7.3 Rest of Latin America
11. Company Profiles
11.1 Accu-Lens Inc.
11.1.1 Company details
11.1.2 Financial outlook
11.1.3 Product summary
11.1.4 Recent developments
11.2 Alcon (Novaritis)
11.2.1 Company details
11.2.2 Financial outlook
11.2.3 Product summary
11.2.4 Recent developments
11.3 Bausch & Lomb Incorporated
11.3.1 Company details
11.3.2 Financial outlook
11.3.3 Product summary
11.3.4 Recent developments
11.4 Carl Zeiss Meditec AG (Zeiss International)
11.4.1 Company details
11.4.2 Financial outlook
11.4.3 Product summary
11.4.4 Recent developments
11.5 ClarVista
11.5.1 Company details
11.5.2 Financial outlook
11.5.3 Product summary
11.5.4 Recent developments
11.6 Conforma
11.6.1 Company details
11.6.2 Financial outlook
11.6.3 Product summary
11.6.4 Recent developments
11.7 Cooper Companies
11.7.1 Company details
11.7.2 Financial outlook
11.7.3 Product summary
11.7.4 Recent developments
11.8 EyeKon Medical Inc.
11.8.1 Company details
11.8.2 Financial outlook
11.8.3 Product summary
11.8.4 Recent developments
11.9 Hoya Corporation
11.9.1 Company details
11.9.2 Financial outlook
11.9.3 Product summary
11.9.4 Recent developments
11.10 HumanOptics AG
11.10.1 Company details
11.10.2 Financial outlook
11.10.3 Product summary
11.10.4 Recent developments
11.11 InnoVision
11.11.1 Company details
11.11.2 Financial outlook
11.11.3 Product summary
11.11.4 Recent developments
11.12 Johnson and Johnson Vision Care Inc.
11.12.1 Company details
11.12.2 Financial outlook
11.12.3 Product summary
11.12.4 Recent developments
11.13 Lenstec Inc.
11.13.1 Company details
11.13.2 Financial outlook
11.13.3 Product summary
11.13.4 Recent developments
11.14 Mediphacos
11.14.1 Company details
11.14.2 Financial outlook
11.14.3 Product summary
11.14.4 Recent developments
11.15 Menicon Group
11.15.1 Company details
11.15.2 Financial outlook
11.15.3 Product summary
11.15.4 Recent developments
11.16 Morcher Gmbh
11.16.1 Company details
11.16.2 Financial outlook
11.16.3 Product summary
11.16.4 Recent developments
11.17 Rayner Intraocular Lens ltd.
11.17.1 Company details
11.17.2 Financial outlook
11.17.3 Product summary
11.17.4 Recent developments
11.18 STAAR Surgical Company
11.19 Company details
11.20 Financial outlook
11.21 Product summary
11.22 Recent developments