According to Future Market Insights’ newly released Intraocular Lens industry analysis report, global Intraocular Lens market sales in 2021 are expected to be US$ 4.3 Billion. With a projected CAGR of 6% from 2022 to 2032, the market is expected to be worth US$ 8.2 billion by 2032. The demand for Multifocal Intraocular lenses is expected to be the highest, with a CAGR of 6.1% between 2022 and 2032.
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Crucial information and forecast statistics covered in the Intraocular Lens market report will arm both existing and emerging market players with necessary insights to craft long-term strategies as well as maintain business continuity during a crisis such as the ongoing COVID-19 pandemic.
COVID-19 Impact Analysis on Intraocular Lens Market
The recent outbreak of the COVID-19 has turned the spotlight on the healthcare industry, and subsequently impacted the Intraocular Lens market. Severe shortages of critical medical supplies and a rapid rise in number of COVID-19 cases have resulted into a revolution rather than evolution in the healthcare ecosystems. Consequently, the impact is noticeable in the Intraocular Lens market.
Following government’s measures, particularly social distancing norms and stay-at-home orders, doctors are delaying or postponing elective surgeries unless critical to prevent the spread of the virus to individuals with comorbidities or chronic conditions. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace.
The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the Intraocular Lens market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.
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Intraocular Lens Market: Segmentation
Valuable information covered in the FMI’s Intraocular Lens market report has been segregated into key segments and sub-segments.
By Product Type:
- Monofocal Intraocular Lens
- Multifocal Intraocular Lens
- Toric Intraocular Lens
- Accommodative Intraocular Lens
By End-User:
- Hospitals
- Ophthalmic Clinics
- Ambulatory Surgery Centers
- Eye Research Institutes
Intraocular Lens Market: Competition Analysis
The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Intraocular Lens market. Competitive information detailed in the Intraocular Lens market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Intraocular Lens market report.
Key players covered in the report include:
Alcon, Inc. (a Novartis AG division), Johnson & Johnson, Valeant, Carl Zeiss Meditec AG, Rayner, EyeKon Medical, Inc., Lenstec, Inc., Human Optics AG and Physiol
Important Questions Answered in the Intraocular Lens Market Report
- Which end user remains the top revenue contributor in different regional markets?
- At what rate has the global Intraocular Lens market been expanding during the forecast period?
- How will the global Intraocular Lens market look like by the end of the forecast period?
- What innovative strategies are adopted by Intraocular Lens market players to stay ahead of the pack?
- What are the restraints affecting the growth of the global Intraocular Lens market?
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Key Offerings of the Report
- Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
- Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
- Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
- Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
- Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Intraocular Lens market
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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