Clear Vision Ahead: Intraocular Lens Market Set to Surge with 6% CAGR, Expected to Reach US$ 8.2 Billion by 2032

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 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 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.

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.

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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 marke

Explore Wide-ranging Coverage of FMI’s Healthcare Landscape:

Patient Portal Market:  The global patient portal market is estimated at US$ 3 Billion in 2021 and is expected to secure US$ 3.6 Billion by 2022. The market is projected to procure US$ 22.29 Billion by 2032 while expanding at a staggering double-digit CAGR of 20% during the forecast period from 2022 to 2032.

Bariatric Surgery Devices Market: The bariatric surgery devices market is growing at a moderate pace with a CAGR of 6.2% during the forecast period 2022 to 2032.

Mammography Market: The anticipated size of the mammography market in 2022 was US$ 1,741.2 million and is estimated to be US$ 1,880.2 million in 2023.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient 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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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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