The Intraocular Lens Global Market Report 2023 by The Business Research Company, provides intraocular lens market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Intraocular Lens Global Market Report 2023, the global intraocular lens market size grew from $4.43 billion in 2022 to $4.67 billion in 2023 at a compound annual growth rate (CAGR) of 5.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global intraocular lens is expected to grow to $6.12 billion in 2027 at a CAGR of 7.0%.
The rising prevalence of eye diseases is contributing to the growth of the intraocular lens market. Eye diseases such as macular degeneration, glaucoma, and cataracts lead to vision problems. An intraocular lens is an artificial lens related to the eye. It replaces the eye’s natural lens that has been removed during cataract surgery.
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The intraocular lens market is segmented:
1) By Type: Monofocal Intraocular Lens, Multifocal Intraocular Lens, Toric intraocular lens, Accommodating Intraocular Lens
2) By Material: Polymethylmethacrylate (PMMA), Silicone, Hydrophobic Acrylic
3) By End User: Hospitals, Ambulatory Surgery Centres, Ophthalmology Clinics, Eye Research Institutes
Technological advancements in intraocular lenses are a key trend gaining popularity in the intraocular lens market. For example, in January 2022, Alcon, a global leader in eye care, announced the commercial launch of the first presbyopia-correcting intraocular lens with wavefront-shaping technology, AcrySof® IQ Vivity® IOL (Vivity®). This new lens is being made available to Indian ophthalmologists for patients undergoing cataract surgery.
The intraocular lens market report table of contents includes:
1. Executive Summary
2. Intraocular Lens Market Characteristics
3. Intraocular Lens Market Trends And Strategies
4. Intraocular Lens Market – Macro Economic Scenario
5. COVID-19 Impact On Intraocular Lens Market
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26. Africa Intraocular Lens Market
27. Intraocular Lens Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Intraocular Lens Market
29. Intraocular Lens Market Future Outlook and Potential Analysis
30. Appendix
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