Market Overview:
The global adjustable intraocular lens market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to factors such as the increasing prevalence of eye disorders, technological advancements in intraocular lenses, and rising demand for premium intraocular lenses. The global adjustable intraocular lens market is segmented on the basis of type into rigid and foldable lenses. The foldable segment is expected to grow at a higher CAGR than the rigid segment during the forecast period from 2018 to 2030. This can be attributed to the advantages offered by foldable lenses over rigid lenses, such as their smaller size and greater flexibility. On the basis of application, the global adjustable intraocular lens market is divided into hospital and medical center segments.
Product Definition:
An adjustable intraocular lens (IOL) is a lens that can be adjusted after it has been implanted in the eye. This allows for greater control over the focus of the eye. An adjustable IOL may be used to correct a variety of vision problems, including nearsightedness, farsightedness, and astigmatism.
Rigid:
Rigid Intraocular Lens (IOL) is a type of intraocular lens that is used to correct refractive errors. The IOLs are available in two major types, namely rigid and flexible. Flexible IOLs were the first type introduced by Bausch & Lomb in their Ray-Ban range of vision correction products; these are now discontinued as the result of competition from rigid IOLs.
Foldable:
The foldable intraocular lens (IOL) is a new type of optical instrument that has been developed to overcome the problems associated with traditional IOLs. The conventional IOLs are rigid and cannot be compressed or expanded like a typical camera lens. This makes them unsuitable for use in cataract and refractive surgery procedures as well as for patients who need to wear their lenses continuously while performing other daily activities.
Application Insights:
Based on application, the global adjustable intraocular lens market is segmented into hospital, medical center and others. The hospital segment dominated the market in 2017 owing to a high prevalence of refractive errors such as myopia (near-sightedness), hyperopia (farsightedness) and astigmatism among children and young adults. Moreover, an increase in ophthalmic surgeries including cataract surgery is expected to boost demand for AOI lenses over the forecast period.
The medical center segment is anticipated to witness lucrative growth over the forecast period due to increasing awareness about ophthalmic diseases among people aged 50 years and above. In addition, an increase in sports activities involving near vision correction will drive demand for AOI lenses during the estimated time frame.
Regional Analysis:
Europe dominated the global market in 2017 owing to the growing geriatric population base and increasing prevalence of eye diseases. The region is expected to maintain its dominance over the forecast period due to factors such as favorable reimbursement policies, rising awareness about advanced treatment options, and availability of highly skilled doctors. In addition, increasing R&D expenditure by companies is one of the major factors contributing toward Europe’s dominance in this market space.
Asia Pacific is anticipated to witness lucrative growth over a projected period owing to untapped opportunities in this region. Increasing healthcare spending by developing countries such as China and India are among key driving factors for regional growth during the forecast years from 2018-2030 to capitalize on potential investments within these economies.
Growth Factors:
- Increasing geriatric population: The global geriatric population is increasing at a rapid pace. This is expected to drive the demand for adjustable intraocular lenses as the elderly are more susceptible to age-related vision problems.
- Rising prevalence of eye diseases: The prevalence of various eye diseases, such as cataract, glaucoma, and macular degeneration is rising globally. This is expected to boost the demand for adjustable intraocular lenses in the coming years.
- Technological advancements: Adjustable intraocular lens technology is constantly evolving with new innovations being introduced regularly. This will help fuel the growth of this market in the coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Adjustable Intraocular Lens Market Research Report
By Type
Rigid, Foldable
By Application
Hospital, Medical Center
By Companies
Bausch & Lomb, NIDEK, Biotech, Zeiss, Staar, Eyekon Medical, Novartis, Abbott Medical, Ophtec BV, Tetraflex
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
213
Number of Tables & Figures
150
Customization Available
Yes, the report can be customized as per your need.
Global Adjustable Intraocular Lens Market Report Segments:
The global Adjustable Intraocular Lens market is segmented on the basis of:
Types
Rigid, Foldable
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Medical Center
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Bausch & Lomb
- NIDEK
- Biotech
- Zeiss
- Staar
- Eyekon Medical
- Novartis
- Abbott Medical
- Ophtec BV
- Tetraflex
Highlights of The Adjustable Intraocular Lens Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Rigid
- Foldable
- By Application:
- Hospital
- Medical Center
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Adjustable Intraocular Lens Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An adjustable intraocular lens (AIL) is a medical device that alters the focus of light entering the eye. This allows people with certain vision problems to see more clearly. AILs are often used by people who have difficulty reading or driving because they can improve their vision significantly.
Some of the major companies in the adjustable intraocular lens market are Bausch & Lomb, NIDEK, Biotech, Zeiss, Staar, Eyekon Medical, Novartis, Abbott Medical, Ophtec BV, Tetraflex.
The adjustable intraocular lens market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Adjustable Intraocular Lens Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Adjustable Intraocular Lens Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Adjustable Intraocular Lens Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Adjustable Intraocular Lens Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Adjustable Intraocular Lens Market Size & Forecast, 2020-2028
4.5.1 Adjustable Intraocular Lens Market Size and Y-o-Y Growth
4.5.2 Adjustable Intraocular Lens Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Rigid
5.2.2 Foldable
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Medical Center
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Adjustable Intraocular Lens Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Adjustable Intraocular Lens Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Rigid
9.6.2 Foldable
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Medical Center
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Rigid
10.6.2 Foldable
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Medical Center
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Rigid
11.6.2 Foldable
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Medical Center
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Rigid
12.6.2 Foldable
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Medical Center
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Rigid
13.6.2 Foldable
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Medical Center
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Adjustable Intraocular Lens Market: Competitive Dashboard
14.2 Global Adjustable Intraocular Lens Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bausch & Lomb
14.3.2 NIDEK
14.3.3 Biotech
14.3.4 Zeiss
14.3.5 Staar
14.3.6 Eyekon Medical
14.3.7 Novartis
14.3.8 Abbott Medical
14.3.9 Ophtec BV
14.3.10 Tetraflex
