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North America Intraocular Lens Market - Growth, Trends, and Forecast (2019 - 2024)

  • ID: 4787449
  • Report
  • Region: North America, United States
  • 70 pages
  • Mordor Intelligence
UP TO OFF
until Dec 31st 2019
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FEATURED COMPANIES

  • Carl Zeiss Meditec AG
  • EyeKon Medical Inc.
  • HOYA CORPORATION
  • HumanOptics AG
  • Lenstec Inc.
  • Novartis AG (Alcon)
  • MORE
Market Overview

North America Intraocular Lens market is expected to witness a CAGR of 3.9% during the forecast period. Certain factors that are driving the market growth include rising demand and awareness for personalized medicine and targeted therapy, increasing cases of adverse drug reactions, technological demands.

As per stated by the NEI (National Eye Institute), the United States recorded around 7.7 million diabetic retinopathy cases and almost 24 million cataract cases and, by 2030, is expected to reach 11.3 million and 38 million, respectively. In addition, the AAO (American Association of Ophthalmology) states that the major cause of visual impairment around the world has been reported to be a cataract, and also, geriatric ocular issues are emerging as prime factors in the developing countries. Hence, the rise in the ophthalmic conditions across the region is expected to drive the growth of the IOL market, over the forecast period.

Scope of the Report

Several types of intraocular lenses are available in the market, to improve vision. As per the scope of the report, the global intraocular lens market is segmented by product (monofocal, accommodative, mulltifocal, and toric intraocular lens), end user and major geographical countries (United States, Canada, Mexico).

Key Market Trends

Accommodative IOL Segment is Expected to Exhibit Fastest Growth Rate Over the Forecast Period

Accommodative intraocular lenses are known to accommodate well with post-surgical changes, as compared to that of monofocal IOLs. These are preferred by patients suffering from macular degeneration, as they support the eye muscles in focusing on intermediate and distant objects. These lenses are widely used in the treatment of presbyopia and astigmatism. Moreover, the monofocal intraocular lens is the first choice for many, as it can provide the best image quality after the surgery and, thus, has the largest in the market.

Competitive Landscape

The North America Intraocular Lens market is highly competitive and consists of a few major players. Companies like Bausch Health Companies Inc. (Bausch + Lomb), Carl Zeiss Meditec AG, EyeKon Medical Inc., HOYA CORPORATION, HumanOptics AG, Johnson and Johnson Vision Care Inc., Lenstec Inc., Novartis AG (Alcon), Rayner, and STAAR Surgical Company, among others, hold the substantial market share in the Intraocular Lens market.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Carl Zeiss Meditec AG
  • EyeKon Medical Inc.
  • HOYA CORPORATION
  • HumanOptics AG
  • Lenstec Inc.
  • Novartis AG (Alcon)
  • MORE
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Growing Burden of Ophthalmic Issues
4.2.2 Increasing Cases of Cataract in the Diabetic Population
4.3 Market Restraints
4.3.1 High Cost of IOLs
4.3.2 Lack of Reimbursement Policies
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 By Product
5.1.1 Monofocal Intraocular Lens
5.1.2 Accommodative Intraocular Lens
5.1.3 Multifocal Intraocular Lens
5.1.4 Toric Intraocular Lens
5.1.5 Others
5.2 By End User
5.2.1 Hospitals
5.2.2 Ambulatory Centers
5.2.3 Other Centers
5.3 Geography
5.3.1 North America
5.3.1.1 US
5.3.1.2 Canada
5.3.1.3 Mexico

6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Bausch Health Companies Inc. (Bausch + Lomb)
6.1.2 Carl Zeiss Meditec AG
6.1.3 EyeKon Medical Inc.
6.1.4 HOYA CORPORATION
6.1.5 HumanOptics AG
6.1.6 Johnson and Johnson Vision Care Inc.
6.1.7 Lenstec Inc.
6.1.8 Novartis AG (Alcon)
6.1.9 Rayner
6.1.10 STAAR Surgical Company

7 MARKET OPPORTUNITIES AND FUTURE TRENDS
Note: Product cover images may vary from those shown
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  • Bausch Health Companies Inc. (Bausch + Lomb)
  • Carl Zeiss Meditec AG
  • EyeKon Medical Inc.
  • HOYA CORPORATION
  • HumanOptics AG
  • Johnson and Johnson Vision Care Inc.
  • Lenstec Inc.
  • Novartis AG (Alcon)
  • Rayner
  • STAAR Surgical Company
Note: Product cover images may vary from those shown
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