Market Overview:
The global intraocular lens (IOL) 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, rising geriatric population, and technological advancements in IOLs. The global intraocular lens (IOL) market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into non-foldable lenses and foldable intraocular lenses. The foldable intraocular lens segment is expected to grow at a higher CAGR during the forecast period owing to its advantages over non-foldable lenses such as easier implantation and better patient outcomes. On the basis of application, the market is divided into public hospitals and private hospitals. The public hospitals segment dominates this market due to government initiatives for providing free or subsidized IOL surgeries in these hospitals across various countries worldwide.
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Product Definition:
An intraocular lens (IOL) is a lens implanted in the eye to replace the eye's natural lens, which has been removed because of cataract or other pathology. Intraocular lenses are used to improve vision, either by restoring near-normal vision after cataract surgery or by correcting refractive errors.
Non-foldable lenses:
Non-foldable lenses are those that do not fit into the conventional lens case and thus, need special cases or frames to hold them. These lenses find their usage in nearsightedness, farsightedness and astigmatism correction as they can be easily changed without any surgery.
Foldable Intraocular Lens:
The foldable intraocular lens (IOL) market is expected to witness significant growth over the forecast period. Increasing prevalence of age-related ophthalmic disorders such as presbyopia, myopia, and hyperopia coupled with rising demand for convenient treatment options are some major factors driving the growth of this market. Moreover, increasing adoption of contact lenses in daily life is also one of the key factors propelling demand for foldable IOLs.
Application Insights:
The public hospitals segment dominated the global intraocular lens (IOL) market, accounting for more than 60.0% share of the total revenue in 2017. The growth can be attributed to a large patient base that requires IOLs and increasing government funding towards the development of healthcare infrastructure at public hospitals level, especially in developing countries like India and China.
In addition, growing awareness about advanced treatment options for patients with eye diseases is also expected to drive demand over the forecast period. For instance, according to an article published by NCBI in 2018, it was observed that around 1 out of 5 people aged 65 years or above suffer from cataract-related problems every year globally and this number is expected to increase by 2030 if steps are not taken now. Therefore, rising geriatric population across the globe is also anticipated to fuel demand over the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to maintain its position during the forecast period. This can be attributed to increasing awareness about eye care, rising disposable income of consumers and rapid urbanization & development. In addition, increasing cases of cataract are also anticipated to drive growth over the forecast period.
Europe accounted for a significant share in terms of revenue due to high demand from countries such as Germany, U.K.
Growth Factors:
- Increasing prevalence of eye disorders and blindness: The increasing prevalence of various eye disorders, such as cataract, glaucoma, age-related macular degeneration (AMD), and diabetic retinopathy is expected to drive the demand for intraocular lenses in the coming years. According to a study by The World Health Organization (WHO), around 285 million people were visually impaired in 2015, out of which 39 million were blind. This number is expected to increase to 456 million by 2020.
- Rising geriatric population: The global geriatric population is growing at a rapid pace and is anticipated to reach 2 billion by 2050. This will lead to an increase in the incidence of age-related eye diseases that require IOL implantation surgeries.
- Technological advancements: Intraocular lens manufacturers are constantly investing in research and development activities to introduce new products with enhanced features into the market. For instance, In October 2017, Bausch + Lomb launched its new product – “Verisyse Phakic IOL” – in Europe for treating high myopia or nearsightedness up to -20 diopters (D). Such technological advancements are likely to boost the growth prospects of the intraocular lens market over the forecast period..
Scope Of The Report
Report Attributes
Report Details
Report Title
Intraocular Lens (IOL) Market Research Report
By Type
Non-foldable lenses, Foldable Intraocular Lens
By Application
Public hospitals, Private hospitals
By Companies
ALCON, AMO(Abbott), Bausch + Lomb, HOYA, CARL Zeiss, Ophtec, Rayner, STAAR, Lenstec, HumanOptics, Biotech Visioncare, Omni Lens Pvt Ltd, Aurolab, SAV-IOL, Eagle Optics, SIFI Medtech, Physiol
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
135
Number of Tables & Figures
95
Customization Available
Yes, the report can be customized as per your need.
Global Intraocular Lens (IOL) Market Report Segments:
The global Intraocular Lens (IOL) market is segmented on the basis of:
Types
Non-foldable lenses, Foldable Intraocular Lens
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
Public hospitals, Private hospitals
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
- AMO(Abbott)
- Bausch + Lomb
- HOYA
- CARL Zeiss
- Ophtec
- Rayner
- STAAR
- Lenstec
- HumanOptics
- Biotech Visioncare
- Omni Lens Pvt Ltd
- Aurolab
- SAV-IOL
- Eagle Optics
- SIFI Medtech
- Physiol
 Market Overview.svg)
Highlights of The Intraocular Lens (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:
- Non-foldable lenses
- Foldable Intraocular Lens
- By Application:
- Public hospitals
- Private hospitals
- 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 Intraocular Lens (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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
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- Product & Brand Management
- Channel & Customer Management
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 Market Statistics.svg)
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 intraocular lens is a device that is inserted into the eye to correct vision.
Some of the major players in the intraocular lens (iol) market are ALCON, AMO(Abbott), Bausch + Lomb, HOYA, CARL Zeiss, Ophtec, Rayner, STAAR, Lenstec, HumanOptics, Biotech Visioncare, Omni Lens Pvt Ltd, Aurolab, SAV-IOL, Eagle Optics, SIFI Medtech, Physiol.
The intraocular lens (iol) 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 Intraocular Lens (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 Intraocular Lens (IOL) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Intraocular Lens (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 Intraocular Lens (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 Intraocular Lens (IOL) Market Size & Forecast, 2020-2028
4.5.1 Intraocular Lens (IOL) Market Size and Y-o-Y Growth
4.5.2 Intraocular Lens (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 Non-foldable lenses
5.2.2 Foldable Intraocular Lens
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 Public hospitals
6.2.2 Private hospitals
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Intraocular Lens (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 Intraocular Lens (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 Non-foldable lenses
9.6.2 Foldable Intraocular Lens
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 Public hospitals
9.10.2 Private hospitals
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 Non-foldable lenses
10.6.2 Foldable Intraocular Lens
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 Public hospitals
10.10.2 Private hospitals
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 Non-foldable lenses
11.6.2 Foldable Intraocular Lens
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 Public hospitals
11.10.2 Private hospitals
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 Non-foldable lenses
12.6.2 Foldable Intraocular Lens
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 Public hospitals
12.10.2 Private hospitals
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 Non-foldable lenses
13.6.2 Foldable Intraocular Lens
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 Public hospitals
13.10.2 Private hospitals
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 Intraocular Lens (IOL) Market: Competitive Dashboard
14.2 Global Intraocular Lens (IOL) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ALCON
14.3.2 AMO(Abbott)
14.3.3 Bausch + Lomb
14.3.4 HOYA
14.3.5 CARL Zeiss
14.3.6 Ophtec
14.3.7 Rayner
14.3.8 STAAR
14.3.9 Lenstec
14.3.10 HumanOptics
14.3.11 Biotech Visioncare
14.3.12 Omni Lens Pvt Ltd
14.3.13 Aurolab
14.3.14 SAV-IOL
14.3.15 Eagle Optics
14.3.16 SIFI Medtech
14.3.17 Physiol
