Global Intraocular Lenses Market (2021-2026) by Product, Material, End User, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

The Global Intraocular Lenses Market is estimated to be USD 3.8 Bn in 2021 and is expected to reach USD 5.04 Bn by 2026, growing at a CAGR of 5.8%.

Market Dynamics

Key factors such as the rising prevalence of eye diseases such as cataracts, obesity and diabetes, age-related macular degeneration, and the rise in premium lens adoption are boosting the market growth. Awareness initiatives to control and treat blindness and technological advancements in IOLs are expected to create lucrative opportunities for the market.

However, high costs and lack of reimbursement policies are likely to restrain the market growth. Moreover, the post-surgical complication is a major challenge in the market.

Market Segmentation

• The Global Intraocular Lenses Market is segmented further based on Product, Material, End User, and Geography.
• By Product, the market is classified as Monofocal Intraocular Lens, Multifocal Intraocular Lens, Toric Intraocular Lens, and Accommodative Intraocular Lens.
• By Material, the market is classified as Polymethylmethacrylate (PMMA) and Foldable IOLs.
• By End User, the market is classified as Hospitals, Ambulatory Surgery Centers, Ophthalmology Clinics, and Eye Research Institutes.
• By Geography, America is projected to lead the market.

Recent Developments

1. Alcon launched PRECISION1 for Astigmatism contact lenses in the U.S. The lenses are based on water technology. 20th January 2021
2. Rayner has acquired Reper for driving R&D and building a presence in Russia. This acquisition will offer new innovative technology in the Russian market. 1st September 2019

Company Profiles

• The key companies operating in the intraocular lens market are Alcon, Johnson & Johnson. Valeant, Carl Zeiss Meditec, Rayner Intraocular Lenses, EyeKon Medical, Lenstec, etc.

Countries Studied

• America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
• Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
• Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
• Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Intraocular Lens Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains the competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.

Report Highlights:

• A complete analysis of the market, including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market