In the latest industry analysis report by Future Market Insights, the Global Intraocular Lens Industry is set to achieve sales of US$ 4.3 billion in 2021. This marks an exciting turning point, with a projected compound annual growth rate (CAGR) of 6% expected from 2022 to 2032, propelling the market’s value to an impressive US$ 8.2 billion by 2032.
The Intraocular Lens industry report delivers a wealth of crucial insights and forecast statistics. These insights are poised to empower both established and emerging market players, equipping them to devise sustainable, long-term strategies. Furthermore, this valuable information will be instrumental in maintaining business continuity, especially in the face of challenges such as the ongoing COVID-19 pandemic.
COVID-19 Impact Analysis on Intraocular Lens Industry
The recent outbreak of COVID-19 has turned the spotlight on the healthcare industry and subsequently impacted the Intraocular Lens industry. Severe shortages of critical medical supplies and a rapid rise in the number of COVID-19 cases have resulted in a revolution rather than an evolution in the healthcare ecosystems. Consequently, the impact is noticeable in the Intraocular Lens market.
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Following government 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 the preliminary impact of 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.
Global Intraocular Lens Industry: Competition Analysis
The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Intraocular Lens industry. 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
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Global Intraocular Lens Industry: Segmentation
Valuable information covered in 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
Important Questions Answered in the Global Intraocular Lens Industry 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 of growth-driving factors and opportunities for market players in different regional markets
- Recent Trends and Forecasts: Detailed assessment of the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
- Segmental Analysis: Extensive analysis of 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 the necessary information to make critical decisions
- Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Intraocular Lens market
Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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