Global Intraocular Lens (IOLs) Market 2017-2021

Overview of the global intraocular lens (IOLs) market

According to IOLs industry analysis, the global intraocular lens (IOLs) market will grow at a CAGR of more than 4% during the forecast period. The increasing demand for minimally invasive procedures is one of the key drivers that spurring the growth of the market. Minimally invasive procedures such as femtosecond laser surgery for laser cataract surgery enhances the safety level, accuracy, and predictability. In addition, the introduction of advanced femtosecond laser helps in the use of the hand-held surgical tool. As a result, several surgeons have started performing laser procedures on their patients because it increases the accuracy, correctness, and reproducibility. Patients highly prefer MI procedures because they improve the visual results of the cataract surgery and reduces the level of risk. This, in turn, will drive the popularity of intraocular lens because they involve MI procedures to treat the conditions of the eye such as cataract and myopia.

In terms of geography, the Americas accounted for the maximum market shares during 2016. The market will continue to grow until the end of 2021 because of the adoption rate of micro-incision surgery and femtosecond lasers are high in the Americas. This, in turn, will boost the preference for intraocular lens among patients.

Competitive landscape and key vendors

The global IOLs market is characterized by the presence of large established players. These players have a wide distribution and sales network, which enhances their geographical presence. They are increasingly focusing on innovation and adoption of advanced technologies to launch improved products and enhance their customer base.

Key vendors in this market are

• Alcon
• Bausch & Lomb
• Carl Zeiss
• Johnson & Johnson

Other prominent vendors in the market include HOYA Surgical Optics, Oculentis, Ophtec, Rayner, and STAAR Surgical.

Segmentation by product and analysis of the IOLs market

• Monofocal IOLs

• Multifocal IOLs
• Toric IOLs
• Accommodative IOLs

The monofocal IOLs segment dominated the market during 2016. Monofocal IOLs products can be used for near focus, for mid-distance focus, and for distance focus. The segment will continue to grow during the predicted period because individuals with cataract in both the eyes highly prefer monofocal IOLs over other products.

Segmentation by end-users and analysis of the IOLs market

• Hospitals
• ASCs

It has been observed that about 80% of all the cataract surgeries are performed in ASCs. ASCs are highly preferred among individuals because they are well-equipped with the latest technologies. The segment will continue to gain popularity during the next four years because they offer an efficient environment for cataract surgery.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global intraocular lens (IOLs) market?
• What are the key market trends impacting the growth of the global intraocular lens (IOLs) market?
• What are the challenges to market growth?
• Who are the key vendors in the global intraocular lens (IOLs) market?
• What are the market opportunities and threats faced by the vendors in the global intraocular lens (IOLs) market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global intraocular lens (IOLs) market?

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