Intraocular Lens Market - Forecasts From 2018 to 2023

The Intraocular lens market is projected to grow at a CAGR of 5.98% to reach US$14.759 billion by 2023, from US$10.416 billion in 2017. Growing prevalence of eye disease like cataract and increase in initiatives taken by the government to eliminate avoidable blindness are expected to fuel the growth of intraocular lens market. According to World Health Organization, cataract is responsible for 51% of the world blindness, which represent more than 20 million people. Moreover rise in ageing population are more susceptible to eye disease or eye disorders which also works as the driving factor for the growth of the market..

This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.

Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the intraocular lens value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.

Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the Intraocular lens market.

Major industry players profiled as part of the report are Bausch & Lomb, Johnson & Johnson, Staar Surgical Company, Alcon, Hoya Corporation, Eyekon Medical Inc and Carl Zeiss Meditec among others.

Segmentation

The Intraocular lens market has been analyzed through following segments:

By Material

Polymethyl Methacrylate (PMMA)
Silicone
Hydrophobic Acrylic

By End Users

Hospitals
Ophthalmology Clinics
Eye Research Institutes

By Geography

North America

USA, Canada
Mexico
Others

South America
Brazil
Argentina
Others

Europe
Germany
France
United Kingdom
Spain
Others

Middle East and Africa

Asia Pacific
China
Japan
South Korea
India
Others