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Intraocular Lens Market to Showcase 6.8% CAGR; Introduction to Free Eye Checkup Camps to Boost Growth: Fortune Business Insights™

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Pune, June 08, 2020 (GLOBE NEWSWIRE) — The global Intraocular Lens Market size is projected to reach USD 5,318.8 million by 2026, thereby exhibiting a CAGR of 6.8% during the forecast period. However, the market was worth USD 3,159.3 million in 2018.This information is published in a recent report by Fortune Business Insights™, titled, “Intraocular Lens Market Size, Share & Industry Analysis, By Type [Monofocal Intraocular Lens and Premium Intraocular Lens (Multifocal Intraocular Lens, Toric Intraocular Lens, and Others)], By Material [Polymethylmethacrylate (PMMA) and Foldable (Hydrophobic Acrylic, Hydrophilic Acrylic, and Silicone & Collamer)], By End User (Hospitals & Ambulatory Surgery Centers, Specialty Clinics, and Academic & Research Institutes) and Regional Forecast, 2019-2026.” The report further states that the market is set to gain impetus from the rising number of NGOs offering free cataract surgeries and eye examinations.In-depth information about the intraocular lens market trends, growth drivers, hindrances, opportunities, and challenges.Segmentation of the market in terms of type, material, end user, and geography.Extensive analysis of the competitive landscape, such as new product launches, contracts, agreements, joint ventures, mergers, and acquisitions.The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.To get the short-term and long-term impact of COVID-19 on this Market.Please visit: https://www.fortunebusinessinsights.com/industry-reports/intraocular-lens-market-101220
The incidence of cataracts is rising at a rapid rate nowadays. It is, in turn, causing huge health as well as an economic burden in several countries. Therefore, the governments of these countries are launching various initiatives to eliminate cataracts. One such global initiative is called ‘Vision 2020’.It was put forward by the International Agency for the Prevention of Blindness (IAPB) to remove the major causes of avoidable blindness from the world. Additionally, the governments are conducting eye checkup camps and launching favorable reimbursement policies to achieve their target of Vision 2020.Monofocal IOL Segment to Lead Stoked by Favorable Government Reimbursement PoliciesBy type, the market is grouped into premium intraocular lens and monofocal intraocular lens. Amongst these, the monofocal intraocular lens is expected to lead by gaining the maximum IOL market share in the coming years. This growth is attributable to the rising number of favorable government reimbursement policies as well as cost-effective nature.The premium intraocular lens segment, on the other hand, consists of sub-segments, namely, toric intraocular lens, multifocal intraocular lens, and others. This segment has less penetration as compared to monofocal IOLs. This mainly occurs as multiple government-aided insurance policies do not cover the cost of premium intraocular lens. Thus, the patient has to pay for the same from their expenses.The market is geographically segregated into Asia Pacific, Europe, the Middle East and Africa, North America, and Latin America. Out of these, North America had generated USD 892.9 million IOL market value in 2018. It is set to retain its dominant position throughout the forecast period. It is likely to occur because of the increasing number of new product launches as well as the ongoing technological advancements, such as the Extended Depth of Focus (EDoF) and custom cataract lens.Europe is expected to expand at a fast pace owing to the growing preference for toric lenses, rising adoption of femtosecond lasers for cataract surgery, and an increasing number of cataract surgery. Besides, various industry giants are present in this region. It would also contribute to the market growth.Lastly, Asia Pacific is projected to experience high growth backed by strong government support and a rising number of cataract surgery. Apart from that, increasing prevalence of cataract and diabetes would propel the market in this region. Johnson & Johnson Vision Launches Tecnis Toric II
December 2019:  Johnson & Johnson Vision announced the launch of its one-piece intraocular lens (IOL) named Tecnis Toric II after bagging FDA approval. It will be used to treat astigmatism in patients affected by cataracts. It is the company’s first approved product in the Tecnis Toric II platform. It also provides more friction and surface texture on IOL haptics. It is specially designed to offer visual improvement for various lifestyles and visual conditions.
Fortune Business Insights™ lists out some of the most renowned organizations operating in the intraocular lens market. They are as follows:AlconJohnson & Johnson Services, Inc.Bausch & Lomb IncorporatedHOYA CorporationSTAAR SURGICALRayner Intraocular Lenses LimitedOculentisHanita LensesSIFI S.p.ABiotechOther key market playersIntroductionResearch ScopeMarket SegmentationResearch MethodologyDefinitions and AssumptionsExecutive SummaryMarket DynamicsMarket DriversMarket RestraintsMarket OpportunitiesKey InsightsPrevalence of Cataract – For Key Countries/RegionsNumber of Cataract Surgery – For Key Countries/RegionsOverview of Government Cataract InitiativesRegulatory Scenario – For Key Countries/RegionsReimbursement Scenario – For Key Countries/RegionsNew Product LaunchesKey industry Developments – Mergers, Acquisitions and PartnershipsGlobal Intraocular Lens Market Analysis, Insights and Forecast, 2015-2026Key Findings / SummaryMarket Analysis, Insights and Forecast – By TypeMonofocal Intraocular LensPremium Intraocular LensMultifocal Intraocular LensToric Intraocular LensOthersStimulation DevicesMarket Analysis, Insights and Forecast – By MaterialPolymethylmethacrylate (PMMA)FoldableHydrophobic AcrylicHydrophilic AcrylicSilicone & CollamerMarket Analysis, Insights and Forecast – By End UserHospitals & Ambulatory Surgery CentersSpecialty ClinicsAcademic & Research InstitutesMarket Analysis, Insights and Forecast – By RegionNorth AmericaEuropeAsia PacificLatin AmericaMiddle East & AfricaTOC Continued….!!!

Request for Customization: https://www.fortunebusinessinsights.com/enquiry/customization/intraocular-lens-market-101220Ocular Implants Market Size, Share & Industry Analysis, By Product Type (Intraocular Lenses, Glaucoma Implants, Ocular Prostheses, Corneal Implants, and Others), By End-user (Hospitals, Ophthalmic Clinics, and Others), and Regional Forecast, 2019-2026Vision Care Market Size, Share & Industry Analysis, By Product Type (Eyewear, Intraocular Lens, and Ocular Health), By Distribution Channel (Retail Store, Online Store, Hospital & Clinics), and Regional Forecast, 2019-2026Ophthalmic Femtosecond Lasers Market Size, Share and Global Trend By Product (Equipment, Consumables and accessories), By Application (Refractive Surgery, Cataract Surgery, Keratoplasty, Pocket Creation, Intracorneal Rings, Incisions & Flap Cuts), By Type of Cells (Hospitals, Speciality Clinics, Ambulatory Surgical Centers, Eye Institutes) and Geography Forecast till 2026Ophthalmic Lasers Market Size, Share and Global Trend By Type (Excimer Lasers, Femtosecond Lasers, Nd Yag Lasers, Diode Lasers), Technology (Photodisruption, Selective Laser Trabeculoplasty, Photocoagulation), Application (Cataract Treatment, Glaucoma Treatment, Refractive Errors Treatment), End-User (Ophthalmic Laser Centers,Hospitals ) & Geography Forecast till 2026About Us:Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.Contact Us:Fortune Business Insights™ Pvt. Ltd.
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