Market Overview:
The global multifocal 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 the increasing prevalence of eye disorders, rising geriatric population, and technological advancements in the field of ophthalmology. Based on type, the global multifocal intraocular lens market is segmented into refractive type and diffraction type. The refractive type segment dominates the global multifocal intraocular lens market and is expected to grow at a CAGR of 7.8% during the forecast period from 2018 to 2030. This growth can be attributed to factors such as increasing demand for premium lenses and technological advancements in this segment.
Product Definition:
Multifocal intraocular lens (IOL) is a type of lens implant that restores vision following cataract surgery. It is designed to provide good distance and near vision for people who have cataracts. The multifocal IOL has several optic zones that allow the person to see clearly at different distances.
Refractive Type:
Refractive type is a term used for categorizing the corrective lenses based on their ability to correct nearsightedness (myopia), farsightedness (hyperopia) or astigmatism. The refractive types are Abbe-Kanner, Air-Liquide, Anisotropic Polymer Matrix, Astigmatismic Lenses and Crystalline Lenses.
Diffraction Type:
The diffraction type is a key parameter that helps in selecting the appropriate lens for a patient. The choice of this parameter depends on various factors such as the intended use of the lens, its power (diaphragm), and astigmatism. Based on these parameters, there are different types of diffraction which include Abbe’s D-day, zone plate method and zone plate method plus an intermediate layer.
Application Insights:
Based on application, the global multifocal intraocular lens market is segmented into hospitals, ophthalmology clinics and ambulatory surgery centers, and eye research institutes. Hospitals held the largest share in 2017 owing to a large patient base that requires IOLs for vision correction. Furthermore, hospitals are considered as one of the most prominent places for medical tourism due to various advantages such as advanced healthcare facilities along with world-class treatments at an affordable cost. This factor is anticipated to fuel demand over the forecast period.
Ophthalmology clinics and ambulatory surgery centers are projected to witness significant growth over the forecast period owing to rising awareness about IOLs among patients seeking treatment at these facilities.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of a large number of players, high adoption rate of advanced technologies, and increasing demand for advanced multifocal intraocular lenses. In addition, rising prevalence of refractive errors is expected to fuel growth during the forecast period. Europe accounted for a significant share in 2017 owing to growing ophthalmic care spending by government and private sectors coupled with favorable reimbursement policies implemented by national healthcare agencies.
Asia Pacific region is expected witness lucrative growth over the forecast period due to factors such as improving healthcare infrastructure & availability of services; rise in per capita income; increase medical tourism; improvement in eye care facilities including diagnostic centers & hospitals run by public as well as private organizations; and awareness campaigns regarding vision correction surgery being conducted at community level through various media platforms such as television commercials, newspaper advertisements etc.
Growth Factors:
- Increasing geriatric population: The global geriatric population is increasing at a rapid pace and this is expected to drive the multifocal intraocular lens market growth in the coming years.
- Rising prevalence of eye disorders: The prevalence of various eye disorders such as cataract, myopia, and presbyopia is rising globally, which is anticipated to boost the demand for multifocal intraocular lenses in the near future.
- Technological advancements: Continuous technological advancements are taking place in the field of ophthalmology which is likely to create new opportunities for growth of the multifocal intraocular lens market in upcoming years.
- Growing awareness about benefits of multifocal intraocular lenses: There has been a rise in awareness about benefits offered by multifocal intraocular lenses among patients and healthcare professionals across the globe, which is projected to fuel market growth during forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Multifocal Intraocular Lens Market Research Report
By Type
Refractive Type, Diffraction Type
By Application
Hospitals, Ophthalmology Clinics, Ambulatory Surgery Centers, Eye Research Institutes
By Companies
Johnson & Johnson, Novartis AG, Hoya Surgical Optics, Carl Zeiss Meditec AG, Bausch & Lomb, Staar Surgical, Oculentis GmBH
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
169
Number of Tables & Figures
119
Customization Available
Yes, the report can be customized as per your need.
Global Multifocal Intraocular Lens Market Report Segments:
The global Multifocal Intraocular Lens 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
Hospitals, Ophthalmology Clinics, Ambulatory Surgery Centers, Eye Research Institutes
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:
- Johnson & Johnson
- Novartis AG
- Hoya Surgical Optics
- Carl Zeiss Meditec AG
- Bausch & Lomb
- Staar Surgical
- Oculentis GmBH
Highlights of The Multifocal 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:
- Refractive Type
- Diffraction Type
- By Application:
- Hospitals
- Ophthalmology Clinics
- Ambulatory Surgery Centers
- Eye Research Institutes
- 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 Multifocal 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Multifocal intraocular lens (MIL) is a type of artificial eye that helps people with nearsightedness or farsightedness see better in both near and far distances. The lens has multiple focal points, which allows it to magnify images as needed.
Some of the major companies in the multifocal intraocular lens market are Johnson & Johnson, Novartis AG, Hoya Surgical Optics, Carl Zeiss Meditec AG, Bausch & Lomb, Staar Surgical, Oculentis GmBH.
The multifocal 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 Multifocal 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 Multifocal Intraocular Lens Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Multifocal 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 Multifocal 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 Multifocal Intraocular Lens Market Size & Forecast, 2020-2028
4.5.1 Multifocal Intraocular Lens Market Size and Y-o-Y Growth
4.5.2 Multifocal 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 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 Hospitals
6.2.2 Ophthalmology Clinics
6.2.3 Ambulatory Surgery Centers
6.2.4 Eye Research Institutes
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Multifocal 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 Multifocal 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 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 Hospitals
9.10.2 Ophthalmology Clinics
9.10.3 Ambulatory Surgery Centers
9.10.4 Eye Research Institutes
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 Hospitals
10.10.2 Ophthalmology Clinics
10.10.3 Ambulatory Surgery Centers
10.10.4 Eye Research Institutes
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 Hospitals
11.10.2 Ophthalmology Clinics
11.10.3 Ambulatory Surgery Centers
11.10.4 Eye Research Institutes
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 Hospitals
12.10.2 Ophthalmology Clinics
12.10.3 Ambulatory Surgery Centers
12.10.4 Eye Research Institutes
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 Hospitals
13.10.2 Ophthalmology Clinics
13.10.3 Ambulatory Surgery Centers
13.10.4 Eye Research Institutes
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 Multifocal Intraocular Lens Market: Competitive Dashboard
14.2 Global Multifocal Intraocular Lens Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Johnson & Johnson
14.3.2 Novartis AG
14.3.3 Hoya Surgical Optics
14.3.4 Carl Zeiss Meditec AG
14.3.5 Bausch & Lomb
14.3.6 Staar Surgical
14.3.7 Oculentis GmBH
