Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • +44 (0)20 7454 5110
  • Client Login
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All Public Company News
      • All Multimedia News
      • View All News Releases

      • Regulatory News

      • D/A/CH Regulatory News
      • UK Regulatory News
      • View All Regulatory News

  • Business & Money
      • Auto & Transportation

      • Aerospace & Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads & Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking & Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers & Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalisation
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls & Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil & Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defence
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation & Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking & Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers & Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines & Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics & Personal Care
      • Fashion
      • Food & Beverages
      • Furniture & Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewellery
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks & Tourist Attractions
      • Gambling & Casinos
      • Hotels & Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Animal Welfare
      • Corporate Social Responsibility
      • Economic News, Trends & Analysis
      • Education
      • Environmental
      • European Government
      • Labour & Union
      • Natural Disasters
      • Not For Profit
      • Public Safety
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Overview
  • Distribution
  • Paid Placement
  • Multimedia
  • Disclosure Services
  • SocialBoost
  • Rooms
    • MediaRoom
    • ESG Rooms
  • AI Tools
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Hamburger menu
  • Cision PR Newswire UK provides press release distribution, targeting, monitoring, and marketing services
  • Send a Release
    • Phone

    • +44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT

    • ALL CONTACT INFO
    • Contact Us

      +44 (0)20 7454 5110
      from 8 AM - 5:30 PM GMT

  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • News in Focus
    • Browse News Releases
    • Regulatory News
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • Overview
  • Distribution
  • Paid Placement
  • Multimedia
  • Disclosure Services
  • Cision Communications Cloud®
  • AI Tools
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists

Intraocular Lens (IOL) Market to Grow Phenomenally by 2029- Brandessence Market Research

This image opens in the lightbox

News provided by

Brandessence Market Research and Consulting Private Limited

29 May, 2023, 15:00 GMT

Share this article

Share toX

Share this article

Share toX

LONDON, May 29, 2023 /PRNewswire/ -- Intraocular lenses are predominantly used to replace the natural eye lens of individuals with cataract. This ocular condition causes the natural eye lens to lose its transparency or become cloudy, causing blurry vision and other issues. Intraocular lenses and predominantly made of biocompatible materials, such as silicone or acrylic, and are surgically implanted in place of natural eye lens. These lenses are equipped with the ability to focus light on the retina and enhance vision. Apart from cataract, these lenses can also be used in conditions like long sightedness or short sightedness.

The business intelligence report on Intraocular Lens (IOL) Market by Brandessence Market Research is specially curated with an aim to provide the industry participants with valuable insights on this business sphere. It covers various essential aspects, including market size, growth drivers, challenges, trends, and opportunities. It offers a thorough examination of the market segmentation based on type, material, and end-user. It further highlights the market's regional analysis, providing a detailed understanding of the market performance across key geographical regions. In addition, it presents a detailed analysis of the key players operating in the market, their product portfolios, business strategies, and recent developments.

Key Takeaways

  • Growing prevalence of ocular disorders, increased screen time of individuals, and widespread technological advancements are aiding market expansion.
  • By type, the monofocal intraocular lens segment is anticipated to amass notable gains due to their affordability and their rising adoption in cataract surgeries.
  • MEA is projected to capture a substantial market share owing to the increased healthcare expenditure and rapidly evolving medical infrastructure.

The Intraocular Lens (IOL) Market is anticipated to garner significant returns over the assessment timeline of 2022-2029.

Get Sample of Report@ https://brandessenceresearch.com/downloadSample/PostId/282

Elaborating the Key Trends and Dynamics of Intraocular Lens (IOL) Market

Growing prevalence of ocular disorders, increased screen time of individuals, and widespread technological advancements in the field are primarily augmenting the outlook of this business sphere. Alongside, rise in the number of cataract surgeries, surge in the elderly populace, along with the increasing R&D activities in the field are creating lucrative opportunities for this marketplace to prosper. Moreover, increasing awareness on eye related disorders among the masses, changing lifestyle trends, and rise in healthcare expenditure are adding momentum to the progression of this industry vertical.

Major Growth Drivers

Growing occurrence of cataract- Cataract, a vision related disorder has become highly prevalent across the globe. If not treated on time, it might lead to permanent blindness. Rise in the geriatric population, unhealthy lifestyle trends, and exposure to toxins are some of the pivotal factors leading to the onset of this disorder. As cataract is commonly treated with surgery, the demand for intraocular lenses is expected to rise to meet the growing surgical needs.

High awareness about the benefits of Premium IOL- Premium Intraocular Lens are gaining immense prominence among the masses. This is due to the growing cognizance about its benefits. Apart from basic vision correction, these lenses are equipped with multifocal, toric, and accommodative capabilities. They reduce the need of glasses or contact lenses after cataract surgery. This in turn is stimulating the overall dynamics of this business vertical.

Challenges

Risk of complications- Even though intraocular lens implantation is quite safe and effective, but there is certain risk of complications associated with them. There are chances of infection, inflammation, posterior capsule opacification, or dislocation of the lens which might further affect the vision of the patient. These factors are hindering the remuneration scope of this market.

Competitive landscape of Intraocular Lens (IOL) Market

The prominent players defining the competitive terrain of this business vertical are Abbott Medical Optics, Carl Zeiss Meditec AG, Johnson & Johnson, Alcon, Eyekon Medical, Lenstec, STAAR Surgical Company, Rayner Intraocular Lenses Limited, HumanOptics AG, Bausch & Lomb Incorporated, Calhoun Vision, Hoya Corporation, Aurolab, Care Group, Tekia Inc., Omni Lens Pvt Ltd., MORCHER® GmbH, Ophtec BV, SIFI S.p.A., Excellent Hi-Care Pvt. Ltd., Hanita Lenses, and Others.

Segmental assessment

By type, the monofocal intraocular lens segment is anticipated to amass notable gains over 2022-2029 due to their affordability and their rising adoption in cataract surgeries.

Based on material, the PMMA segment is slated to garner significant returns over the estimated timeframe. This is ascribed to its cost effectiveness as compared to other materials.

Get Methodology @ https://brandessenceresearch.com/requestMethodology/PostId/282

Geographical Analysis and Landscape

Middle East & Africa Intraocular Lens (IOL) Market

MEA is projected to capture a substantial market share over the stipulated timeline. This is attributable to the increased healthcare expenditure, rapidly evolving medical infrastructure, and the surging prevalence of ocular disorders. Besides, rise in the geriatric population base, technological advances, and growing awareness about the benefits of these lenses are adding traction to the progression of this business sphere.

Europe

Europe is poised to showcase the fastest growth over 2022-2029. This is supported by the changing lifestyle trends of the masses, increased screen timings of individuals, and presence of noteworthy players. Alongside, rising R&D activities, surge in elderly populace, and the presence of an ideal medical reimbursement scenario are propelling market growth in this region.

Opportunities in This Industry

Technological innovations- There have widespread technological advancements in the field of ophthalmology.  Innovative technologies are being used in surgical techniques to enhance their efficiency and safety. This in turn is creating profitable prospects for this market.

Major Developments in Intraocular Lens (IOL) Market

Acquisitions

In 2020, Carl Zeiss Meditec, a provider of ophthalmic devices and solutions announced the acquisition of prominent US based intraocular lenses and ophthalmic surgical instruments manufacturer, Aaren Scientific.

In 2021, Alcon announced the acquisition of a fluid-based intraocular lens technology developer named PowerVision.

Porter's Five Forces Analysis

Threat of new entrants:  The threat of new entrants in the intraocular lens market is relatively low. The industry requires significant investments in research and development, manufacturing capabilities, and regulatory compliance. Additionally, stringent regulatory requirements and intellectual property rights protection further deter new entrants.

Bargaining Power of Suppliers: Suppliers in the intraocular lens market, such as raw material providers and manufacturing equipment suppliers, generally have moderate bargaining power. While there may be multiple suppliers available, the market requires adherence to strict quality standards and regulatory compliance. In cases where suppliers have unique and critical technology or expertise, their bargaining power may be higher. However, the presence of multiple suppliers and the ability of manufacturers to swich suppliers mitigate supplier power to some extent.

Bargaining Power of Buyers: Buyers in the intraocular lens market, including hospitals, clinics, and ophthalmologists, have moderate to high bargaining power. Buyers can compare and evaluate different intraocular lens options based on factors such as quality, cost, and features. Moreover, with the availability of various manufacturers and product options, buyers have the flexibility to negotiate prices and terms. However, the importance of product quality and reliability often supersedes price considerations, giving manufacturers some leverage.

Threat of Substitutes: The threat of substitutes in the intraocular lens market is relatively low. Intraocular lenses are the standard and most effective treatment for cataract patients who require lens replacement. While there are alternative vision correction methods such as glasses and contact lenses, they do not provide the same level of visual improvement as intraocular lenses.

Competitive Rivalry: The intraocular lens market is highly competitive, with several key players vying for market share. Intense competition exists in terms of product offerings, technological advancements, pricing strategies, and distribution networks. Market leaders invest in research and development to introduce innovative intraocular lens designs and technologies, further driving competition.

On Special Requirement Acute Repetitive Seizures Market Report is also available for below region:

North America                                                                                           

  • U.S, Canada

Europe

  • Germany, France, U.K., Italy, Spain, Sweden, Netherland, Turkey, Switzerland, Belgium, Rest of Europe

Asia-Pacific

  • South Korea, Japan, China, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest Of APAC

Latin America

  • Mexico, Colombia, Brazil, Argentina, Peru, Rest of Latin America

Middle East and Africa

  • Saudi Arabia, UAE, Egypt, South Africa, Rest Of MEA

Purchase Copy of Report @ https://brandessenceresearch.com/Checkout?report_id=282

Related Reports:

  • Global Cystic Fibrosis Therapeutics Market to Garner High Returns by 2029 – Brandessence Market Research
  • Home Diagnostics Market size, share, trend | Complete Analysis | Top companies: Abbott Laboratories, BTNX, Inc., Becton Dickinson & Company, ACON Laboratories, Inc.
  • Global Orthokeratology Lens Market Rising Trends & Impressive Growth over Forecast period 2029: Bausch & Lomb Inc., Euclid Systems Corp., Johnson & Johnson Vision Care, Inc.
  • Global Joint Reconstruction Market: Industry Trends & Outlook 2023 says Brandessence Market Research
  • Global Ulcerative Colitis Treatment Market to enjoy 'explosive growth' to 2029: Pfizer, Eli Lilly and Company, GSK, MSD
  • Solid Tumor Market is Growing & will Touch the CAGR of 19.4% by the Year 2029 -Read Full Report | Brandessence Market Research
  • Size of Artificial Intelligence in Breast Imaging Market to Grow at +28.4% CAGR and Reach 2007.3 Million by 2029: Brandessence Market Research
  • Global Plasma Protein Therapeutics Market to Amplify Significantly by 2029 – Brandessence Market Research
  • Global Beauty Supplements Market Value is Expected to Reach USD 4.6 Billion by 2028, says Brandessence Market Research
  • Global Polyclonal Antibodies Market to Project with +4% CAGR by 2029, says Brandessence Market Research
  • Craniomaxillofacial Devices Market is to Hit $ 2.44 Billion by 2027, says Brandessence Market Research
  • Hemostasis Diagnostics Market to Grow Significantly by 2029- Brandessence Market Research
  • Apheresis Market to Grow Remarkably by 2029- Brandessence Market Research
  • Disposable Gloves Market to Grow Exponentially by 2029- Brandessence Market Research
  • At a CAGR of 6.19%, Global Joint Reconstruction Market to Grow Exponentially by 2029- Brandessence Market Research
  • Ulcerative Colitis Treatment Market to Grow Exponentially by 2029- Brandessence Market Research
  • Cystic Fibrosis Therapeutics Market to Grow Substantially by 2029 - Brandessence Market Research
  • Platelet Rich Plasma Market to Showcase Excellent Growth- Brandessence Market Research
  • With a CAGR of 28.4%, Artificial Intelligence in Breast Imaging Market to Grow Exponentially by 2029 - Brandessence Market Research
  • Global Mobile Video Surveillance Market to Amplify Significantly by 2029 - Brandessence Market Research
  • Global Powder Coatings Market: An Overview of Trends, Growth, and Opportunities Exclusive Report by Brandessence Market Research
  • Global Payment Security Software Market to Register Phenomenal Gains says BrandEssence Market Research
  • Size of Microalgae Market to Grow at 4.5% CAGR and Reach $4996.8 Million by 2027: Brandessence Market Research
  • Digital Lending Market: How Digital Platforms are Democratizing Access to Finance | Brandessence Market Research
  • Report Forecasts Promising Future for Alzheimer's Disease Market with New Therapeutic Approaches | Brandessence Market Research
  • Hip Replacement Implant Market Witness Excellent Long-Term Growth Outlook & Forecast 2029 | Brandessence Market Research
  • Subscriptions and Recurring Payment Market is Foreseen to Grow at CAGR of +10% by 2029, Says Brandessence Market Research
  • At CAGR of 14.9%, Game engine market is expected to reach ~$5.5 billion by 2025: Brandessence Market Research
  • The Global Skin Care Product Market Expected to Grow by $180 Billion by 2026, According to Brandessence Market Research
  • Global Acute Repetitive Seizures Market to Showcase Promising Growth says Brandessence Market Research
  • Global Home Health Hub Market to Garner High Returns by 2029 - Brandessence Market Research
  • Sports Medicine Market to Grow Exponentially by 2029- Brandessence Market Research
  • Rehabilitation Equipment Market to Grow Significantly by 2029- Brandessence Market Research

Brandessence Market Research & Consulting Pvt ltd. 

Brandessence Market Research publishes market research reports & business insights produced by highly qualified and experienced industry analysts. Our research reports are available in a wide range of industry verticals including aviation, food & beverage, healthcare, ICT, Construction, Chemicals and lot more. Brand Essence Market Research report will be best fit for senior executives, business development managers, marketing managers, consultants, CEOs, CIOs, COOs, and Directors, governments, agencies, organizations and Ph.D. Students. We have a delivery center in Pune, India and our sales office is in London. 

Follow Us: Linkedin  

M & A Advisory: Merger & Acquisition, and Capabilities

Contact: 
Mr. Vishal Sawant  
Email: vishal@brandessenceresearch.com  
Email: Sales@brandessenceresearch.com  
Corporate Sales: +44-2038074155  
Asia Office: +917447409162 

Logo: https://mma.prnewswire.com/media/1392316/BEMR_Logo.jpg

Modal title

Contact PR Newswire

  • +44 (0)20 7454 5110
    from 8 AM - 5:30 PM GMT
  • General Enquiries
  • Media Enquiries
  • Partnerships

Products

  • Content Distribution
  • Multimedia Services
  • Disclosure Services
  • Cision Communications Cloud®

About

  • About PR Newswire
  • About Cision
  • Partnering Opportunities
  • Careers
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
  • Data Privacy

Do not sell or share my personal information:

  • Submit via Privacy@cision.com 
  • Call Privacy toll-free: 877-297-8921

Contact PR Newswire

Products

About

My Services
  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
+44 (0)20 7454 5110
from 8 AM - 5:30 PM GMT
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 PR Newswire Europe Limited. All Rights Reserved. A Cision company.