Market Overview:
The global foldable IOL market is expected to grow at a CAGR of 10.5% 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 foldable IOLs, and rising demand for premium lenses. By type, the refractive type segment is expected to account for the majority share of the global foldable IOL market in 2018. By application, the hospital segment is expected to dominate the global foldable IOL market during the forecast period.
Product Definition:
Foldable IOL is a type of lens implant that can be folded for insertion into the eye through a small incision. It is important because it allows surgeons to place the lens more accurately and with less trauma to the eye.
Refractive Type:
Refractive type is a classification based on the optical properties of the eye. There are two main types of refractive error, myopia and hyperopia. The other sub-classification includes presbyopia, astigmatism and cylinder/hypercylinder syndrome along with some rare disorders such as scleritis & keratoconus.
The global Refractive Type Market size was valued at USD 1,48,867 in 2018.
Diffraction Type:
Diffraction type is a method to control the light by using multiple slits which are placed at regular intervals. The basic principle behind diffraction type lenses is that of interference, where the light waves from each slit separately interfere with one another to form an image. This method allows for compact and lightweight design of lens, however it suffers from certain drawbacks such as chromatic aberration and spherical aberration in addition to high manufacturing cost compared to traditional single element lens.
Application Insights:
Based on application, the market is segmented into hospital, medical center and others. The hospital segment dominated the market in 2017 owing to increasing geriatric population, which requires IOLs for vision correction. Moreover, an increase in number of cataract surgeries is expected to boost product demand over the forecast period.
The medical center application segment is expected to witness significant growth over the forecast period due to rising awareness about advanced treatments for various eye diseases and conditions at specialty centers across countries such as India and China. Furthermore, favorable government policies regarding healthcare infrastructure development are anticipated to fuel product demand in this region over the coming years.
Regional Analysis:
North America dominated the global foldable IOL market in 2017. The region is expected to maintain its position during the forecast period. High prevalence of cataract, increasing geriatric population, and rising awareness about advanced eye care procedures are some of the factors contributing to growth in this region. In addition, high disposable income and favorable reimbursement policies are also expected to drive growth over the forecast period.
Asia Pacific is anticipated to be one of fastest-growing regions owing to improving healthcare infrastructure and growing patient awareness about advanced treatment options for various eye disorders including cataract surgery & other refractive errors & diffraction errors (such as presbyopia). Moreover, a large number of diabetic retinopathy patients will boost regional demand further due to aging demographics in countries such as China & Japan which has led it being called "the land of blindness".
Growth Factors:
- Increasing demand for minimally invasive surgeries: The foldable IOL market is expected to benefit from the increasing demand for minimally invasive surgeries. This is because foldable IOLs offer several advantages over traditional IOLs, including smaller incisions and faster recovery times.
- Growing popularity of premium lenses: Premium lenses are becoming increasingly popular, as they offer better visual quality than traditional lenses. This is likely to drive the growth of the foldable IOL market in the coming years.
- Rising prevalence of eye diseases: The prevalence of eye diseases such as cataracts and glaucoma is rising globally, which is expected to boost demand for foldable IOLs in the coming years.
- Advances in technology: Technological advances are leading to the development of new and innovative foldable IOL designs, which are likely to fuel market growth in the future.
Scope Of The Report
Report Attributes
Report Details
Report Title
Foldable IOL Market Research Report
By Type
Refractive Type, Diffraction Type
By Application
Hospital, Medical Center
By Companies
Alcon, Bausch & Lomb, AMO(J&J), HOYA, CARL Zeiss, OPHTEC, HumanOptics, Rayner, STAAR Surgical, Haohai Biological Technology, Eyebright, Vision Pro
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
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Foldable IOL Market Report Segments:
The global Foldable IOL market is segmented on the basis of:
Types
Refractive Type, Diffraction Type
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:
- Alcon
- Bausch & Lomb
- AMO(J&J)
- HOYA
- CARL Zeiss
- OPHTEC
- HumanOptics
- Rayner
- STAAR Surgical
- Haohai Biological Technology
- Eyebright
- Vision Pro
Highlights of The Foldable IOL 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:
- Refractive Type
- Diffraction Type
- 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 Foldable IOL 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.
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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?
A Foldable IOL is a type of intraocular lens that can be folded up and stored in a small space. This makes it easier to transport and use, which may improve patient satisfaction.
Some of the major players in the foldable iol market are Alcon, Bausch & Lomb, AMO(J&J), HOYA, CARL Zeiss, OPHTEC, HumanOptics, Rayner, STAAR Surgical, Haohai Biological Technology, Eyebright, Vision Pro.
The foldable iol market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Foldable IOL 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 Foldable IOL Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Foldable IOL 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 Foldable IOL 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 Foldable IOL Market Size & Forecast, 2020-2028
4.5.1 Foldable IOL Market Size and Y-o-Y Growth
4.5.2 Foldable IOL 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 Refractive Type
5.2.2 Diffraction Type
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 Foldable IOL 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 Foldable IOL 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 Refractive Type
9.6.2 Diffraction Type
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 Refractive Type
10.6.2 Diffraction Type
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 Refractive Type
11.6.2 Diffraction Type
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 Refractive Type
12.6.2 Diffraction Type
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 Refractive Type
13.6.2 Diffraction Type
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 Foldable IOL Market: Competitive Dashboard
14.2 Global Foldable IOL Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Alcon
14.3.2 Bausch & Lomb
14.3.3 AMO(J&J)
14.3.4 HOYA
14.3.5 CARL Zeiss
14.3.6 OPHTEC
14.3.7 HumanOptics
14.3.8 Rayner
14.3.9 STAAR Surgical
14.3.10 Haohai Biological Technology
14.3.11 Eyebright
14.3.12 Vision Pro
