PUBLISHER: Value Market Research | PRODUCT CODE: 1547406
PUBLISHER: Value Market Research | PRODUCT CODE: 1547406
The global demand for Intraocular Lens Market is presumed to reach the market size of nearly USD 17.23 Billion by 2032 from USD 8.26 Billion in 2023 with a CAGR of 8.52% under the study period 2024-2032.
An intraocular lens (IOL) is an artificial lens for the eye to replace natural lenses during cataract surgery. An intraocular lens is made of silicone, acrylic, or other plastic compositions. They are coated with a special material to protect the eyes from the sun's harmful ultraviolet (UV) rays. It comes in different focusing powers like prescription eyeglasses or contact lenses. Intraocular lenses are an excellent alternative to the excimer laser procedure (LASIK). It eliminates the need for glasses or contact lenses post-surgery for most patients. The cataract will not return, as the natural lens has been removed.
The rising prevalence of myopia with expanding aging population drives the demand for intraocular lenses. As per World Health Organization, over 285 million people in the world have vision impairment, and that 42% of this is due to uncorrected refractive errors. Geriatric population growth is projected to grow at a double rate in the subsequent two decades. The prevalence of myopia is rising worldwide at an alarming rate, with significant increases in the risks for vision impairment from pathologic conditions associated with high myopia, including retinal damage, cataract, and glaucoma. There has been a rise in myopia surgeries in the past five years due to strengthening healthcare infrastructure, easy access to treatment, and accessible reimbursement facilities.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Intraocular Lens. The growth and trends of Intraocular Lens industry provide a holistic approach to this study.
This section of the Intraocular Lens market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Intraocular Lens market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Intraocular Lens market include Rockwell Automation, Alcon, Bausch & Lomb Inc., Aurolab, Carl Zeiss Meditec AG, HOYA Surgical Optics, EyeKon Medical Inc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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