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Published Date: 2017-02-07Number of Pages: 145

Intraocular Lens Market (Product - Monofocal IOL, Multifocal IOL, Toric IOL, and Accommodative IOL; End Users - Hospitals, Ophthalmology Clinics, Ambulatory Surgery Centers, and Eye Research Institutes) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

Global Intraocular Lens Market: Overview

Intraocular lens is implanted in the eye for treating cataract, an eye disease that is characterized by cloudiness or opaqueness of the natural lens of the eye. Cataract is progressive in nature, which eventually leads to poor vision and can lead to loss of vision if it is not treated in time. The high prevalence of cataract and other vision issues have triggered a significant demand for intraocular lens. In light of these factors, the global intraocular lens market is estimated to be valued at US$5.0 bn by the end of 2024 from US$3.2 bn in 2015. Between the forecast period of 2016 and 2024, the global market is expected to expand at a CAGR of 5.2%.

A new intraocular lens is surgically implanted to replace the natural cloudy lens of the eye to restore normalcy in the vision of the patient suffering from cataract. The various types of intraocular lenses offer treatment for cataract along with for refractive that are a result of age or ailments such as diabetes. The high prevalence of cataract, especially amongst those above 40 years along with other age-related eye diseases such as glaucoma, macular degeneration, and diabetic retinopathy is expected to fuel the growth of the global market.

intraocular lens market

Monofocal IOL to Dominate Global Market due to its Low Cost

The global intraocular lens market is segmented on the basis of product into monofocal IOL, multifocal IOL, toric IOL, accommodative IOL, and other IOL’s. Among the product segment, the monofocal IOL segment accounted for the largest share of the global intraocular lens market in 2015, owing to factors such as low cost of the intraocular lens, adequate reimbursement policies for the monofocal IOL segment, and reduced post-operative complications associated with the use of these lenses. However, the premium IOL segment which included the multifocal IOL, toric IOL, and accommodative IOL’s is expected to grow at a high CAGR during the forecast period, due to distinct advantages of the multifocal, toric, and accommodative IOL’s such as treating astigmatism and vision correction along with cataract treatment, growing demand from patients for toric and multifocal IOL, along with fast-growing presbyopia market.

The end users segment included hospitals, ophthalmology clinics, ambulatory surgery centers, and eye research institutes. Among the end users, hospitals accounted for the largest share of the global intraocular lens market in 2015, however, ambulatory surgery centers, and ophthalmology clinics are expected to register higher CAGR during 2016-2024, owing to growing popularity of outpatient settings for less time-consuming cataract surgery, ease of access to ophthalmology clinics, and increasing number of cataract surgeries performed in the ambulatory surgery centers.

North America Shows Steady Growth as Cataract Cases Continue to Remain on the Rise

Geographically, the intraocular lens market has been segmented as North America, Europe, Asia Pacific and Latin America and Middle East & Africa. North America accounted for the largest share of the global intraocular lens market in 2015, owing to increasing incidences of cataracts, higher adoption of technologically advanced products and techniques, increasing demand by patients for premium IOL segment in this region. Europe accounted for the second largest share of the market in 2105, however Asia Pacific is expected to grow at a high CAGR during the forecast period of 2016-2024, due to rapidly increasing incidences of cataract, increasing prevalence of diabetes, high risk of cataracts in diabetic patients, along with fast-growing refractive surgery market especially in countries such as China, and India, with an increasing demand for multifocal and toric intraocular lenses, and increasing government initiatives towards the treatment of cataract and controlling the preventable blindness. 

Major players having presence in the global intraocular lens market include Abbott Medical Optics, Alcon (Novartis AG), Hoya Surgical Optics, Carl Zeiss Meditec AG, Bausch & Lomb, Inc. (Valeant), Staar Surgical, Oculentis GmBH, and PhysIOL, among others

Section 1 Preface 
1.1 Report Scope and Market Segmentation 
1.2 Research Highlights

Section 2 Assumptions and Research Methodology 
2.1 Assumptions
2.2 Research Methodology

Section 3 Executive Summary
3.1 Global Intraocular Lens: Market Snapshot
3.2 Global Intraocular Lens Market Outlook, 2015
3.3 Global Intraocular Lens Market: Opportunity Map

Section 4 Market Overview
4.1 Product Overview
4.2 Global Intraocular Lens Market: Key Industry Developments
4.3 Global Intraocular Lens Market Size (US$ Mn) Forecast, 2014–2024

Section 5 Market Dynamics
5.1 Drivers and Restraints Snapshot Analysis
5.2 Drivers
      5.2.1 Increasing incidence of ophthalmic and ocular conditions
      5.2.2 Aging population and rising number of vision correction procedures
      5.2.3 Advances and innovations in IOL products and procedures
      5.2.4 Rising adoption of premium IOLs
      5.2.5 Increasing risk of cataract among diabetic population
5.3 Restraints
      5.3.1 High cost of intraocular lens products
      5.3.2 Inadequate reimbursement policies
5.4 Opportunities
      5.4.1 Advanced Technology Intraocular Lenses 
5.5 Porters Analysis

Section 6 Intraocular Lens Market Analysis, by Product  
6.1 Key Findings
6.2 Introduction
6.3 Global Intraocular Lens Market Value Share Analysis, by Product  
6.4 Intraocular Lens Market Forecast, by Product  
6.5 Intraocular Lens Market Analysis, by Product  
      6.5.1 Monofocal IOL
      6.5.2 Multifocal IOL
      6.5.3 Toric IOL
      6.5.4 Accommodative IOL
      6.5.5 Others
6.6 Intraocular Lens Market Attractiveness Analysis, by Product  
6.7 Key Trends

Section 7 Intraocular Lens Market Analysis, by End-user 
7.1 Key Findings
7.2 Introduction
7.3 Global Intraocular Lens Market Value Share Analysis, by End-user
7.4 Intraocular Lens Market Forecast, by End-user 
7.5 Intraocular Lens Market Analysis, by End-user 
      7.5.1 Hospitals
      7.5.2 Ophthalmic Clinics 
      7.5.3 Ambulatory Surgery Centers 
      7.5.4 Eye Research Institutes
7.6 Intraocular Lens Market Attractiveness Analysis, by End-user 

Section 8 Intraocular Lens Market Analysis, by Region
8.1 Global Intraocular Lens Market Snapshot, by Country
8.2 Global Intraocular Lens Market Value Share Analysis, by Region
8.3 Intraocular Lens Market Forecast, by Region
8.4 Market Attractiveness Analysis, by Region

Section 9 North America Intraocular Lens Market Analysis
9.1 Key Findings
9.2 Market Overview
9.3 Market Analysis, by Country
      9.3.1 North America Market Value Share Analysis, by Country
      9.3.2 North America Market Forecast By Country
9.4 Market Analysis, by Product  
      9.4.1 North America Market Value Share Analysis, by Product  
      9.4.2 North America Market Forecast, by Product  
9.5 Market Analysis, by End-user 
      9.5.1 North America Market Value Share Analysis, by End-user 
      9.5.2 North America Market Forecast, by End-user 
9.6 North America Market Attractiveness Analysis
      9.6.1 By Product        
      9.6.2 By End-user 
9.7 Market Trends

Section 10 Europe Intraocular Lens Market Analysis
10.1 Key Findings
10.2 Market Overview
10.3 Market Analysis, by Country
      10.3.1 Europe Market Value Share Analysis, by Country
      10.3.2 Europe Market Forecast By Country
10.4 Market Analysis, by Product  
      10.4.1 Europe Market Value Share Analysis, by Product  
      10.4.2 Europe Market Forecast, by Product  
10.5 Market Analysis, by End-user 
      10.5.1 Europe Market Value Share Analysis, by End-user 
      10.5.2 Europe Market Forecast, by End-user 
10.6 Europe Market Attractiveness Analysis
      10.6.1 By Product  
      10.6.2 By End-user 
10.7 Market Trends

Section 11 Asia Pacific Intraocular Lens Market Analysis
11.1 Key Findings
11.2 Market Overview
11.3 Market Analysis, by Country
      11.3.1 Asia Pacific Market Value Share Analysis, by Country
      11.3.2 Asia Pacific Market Forecast By Country
11.4 Market Analysis, by Product  
      11.4.1 Asia Pacific Market Value Share Analysis, by Product  
      11.4.2 Asia Pacific Market Forecast, by Product  
11.5 Market Analysis, by End-user 
      11.5.1 Asia Pacific Market Value Share Analysis, by End-user 
      11.5.2 Asia Pacific Market Forecast, by End-user 
11.6 Asia Pacific Market Attractiveness Analysis
      11.6.1 By Product  
      11.6.2 By End-user 
11.7 Market Trends

Section 12 Latin America Intraocular Lens Market Analysis
12.1 Key Findings
12.2 Market Overview
12.3 Market Analysis, by Country
      12.3.1 Latin America Market Value Share Analysis, by Country
      12.3.2 Latin America Market Forecast By Country
12.4 Market Analysis, by Product  
      12.4.1 Latin America Market Value Share Analysis, by Product  
      12.4.2 Latin America Market Forecast, by Product  
12.5 Market Analysis, by End-user 
      12.5.1 Latin America Market Value Share Analysis, by End-user 
      12.5.2 Latin America Market Forecast, by End-user 
12.6 Latin America Market Attractiveness Analysis
      12.6.1 By Product  
      12.6.2 By End-user 
12.7 Market Trends

Section 13 Middle East & Africa Intraocular Lens Market Analysis
13.1 Key Findings
13.2 Market Overview
13.3 Market Analysis, by Country
      13.3.1 MEA Market Value Share Analysis, by Country
      13.3.2 MEA Market Forecast By Country
13.4 Market Analysis, by Product  
      13.4.1 MEA Market Value Share Analysis, by Product  
      13.4.2 MEA Market Forecast, by Product  
13.5 Market Analysis, by End-user 
      13.5.1 MEA Market Value Share Analysis, by End-user 
      13.5.2 MEA Market Forecast, by End-user 
13.6 MEA Market Attractiveness Analysis
      13.6.1 By Product  
      13.6.2 By End-user 
13.7 Market Trends

Section 14 Company Profiles
14.1 Global Intraocular Lens Market Share Analysis, by Company – 2016 (Estimated)
14.2 Competition Matrix
14.3 Company Profiles
      15.3.1 Abbott Medical Optics
               14.3.1.1 Company Overview (HQ, Business Segments, Employee Strengths)
               14.3.1.2 Financial Overview
               14.3.1.3 Product Portfolio
               14.3.1.4 SWOT Analysis
               14.3.1.5 Strategic Overview
      14.3.2 Carl Zeiss Meditec AG
               14.3.2.1 Company Overview (HQ, Business Segments, Employee Strengths)
               14.3.2.2 Financial Overview
               14.3.2.3 Product Portfolio
               14.3.2.4 SWOT Analysis
               14.3.2.5 Strategic Overview
      14.3.3 Bausch & Lomb, Inc.
               14.3.3.1 Company Overview (HQ, Business Segments, Employee Strengths)
               14.3.3.2 Financial Overview
               14.3.3.3 Product Portfolio
               14.3.3.4 SWOT Analysis
               14.3.3.5 Strategic Overview
      14.3.4 Alcon (Novartis AG) 
               14.3.4.1 Company Overview (HQ, Business Segments, Employee Strengths)
               14.3.4.2 Financial Overview
               14.3.4.3 Product Portfolio
               14.3.4.4 SWOT Analysis
               14.3.4.5 Strategic Overview
      14.3.5 Calhoun Vision, Inc.
               14.3.5.1 Company Overview (HQ, Business Segments, Employee Strengths)
               14.3.5.2 Financial Overview
               14.3.5.3 Product Portfolio
               14.3.5.4 SWOT Analysis
               14.3.5.5 Strategic Overview
      14.3.6 Staar Surgical Company 
               14.3.6.1 Company Overview (HQ, Business Segments, Employee Strengths)
               14.3.6.2 Financial Overview
               14.3.6.3 Product Portfolio
               14.3.6.4 SWOT Analysis
               14.3.6.5 Strategic Overview
      14.3.7 Hoya Surgical Optics
               14.3.7.1 Company Overview (HQ, Business Segments, Employee Strengths)
               14.3.7.2 Financial Overview
               14.3.7.3 Product Portfolio
               14.3.7.4 SWOT Analysis
               14.3.7.5 Strategic Overview
      14.3.8 Rayner Intraocular Lenses Limited
               14.3.8.1 Company Overview (HQ, Business Segments, Employee Strengths)
               14.3.8.2 Financial Overview
               14.3.8.3 Product Portfolio
               14.3.8.4 SWOT Analysis
               14.3.8.5 Strategic Overview
      14.3.9 Oculentis GmBH
               14.3.9.1 Company Overview (HQ, Business Segments, Employee Strengths)
               14.3.9.2 Financial Overview
               14.3.9.3 Product Portfolio
               14.3.9.4 SWOT Analysis
               14.3.9.5 Strategic Overview
      14.3.10 Others

List of Figures

Figure 01: Global Intraocular Lens Market Size (US$ Mn) Forecast, 2014–2024
Figure 02: Global Intraocular Lens Market Value Share Analysis, by Product, 2016 and 2024
Figure 03: Global Monofocal IOL Market Revenue (US$ Mn) and Y-o-Y Growth (%), 2014–2024
Figure 04: Global Multifocal IOL Market Revenue (US$ Mn) and Y-o-Y Growth (%), 2014–2024
Figure 05: Global Multifocal IOL Market Revenue (US$ Mn) and Y-o-Y Growth (%), 2014–2024
Figure 06: Global Accommodative IOL Market Revenue (US$ Mn) and Y-o-Y Growth (%), 2014–2024
Figure 07: Global Other IOL’s Market Revenue (US$ Mn) and Y-o-Y Growth (%), 2014–2024
Figure 08: Global Intraocular Lens Market Attractiveness Analysis, by Product, 2016–2024
Figure 09: Global Intraocular Lens Market Value Share Analysis, by End-user, 2016 and 2024
Figure 10: Global Hospitals Market Revenue (US$ Mn) and Y-o-Y Growth (%), 2014–2024
Figure 11: Global Ophthalmology Clinics Market Revenue (US$ Mn) and Y-o-Y Growth (%), 2014–2024
Figure 12: Global Ambulatory Surgery Centers Market Revenue (US$ Mn) and Y-o-Y Growth (%), 2014–2024
Figure 13: Global Eye Research Institutes Market Revenue (US$ Mn) and Y-o-Y Growth (%), 2014–2024
Figure 14: Global Intraocular Lens Market Attractiveness Analysis, by End-user, 2016–2024
Figure 15: Global Intraocular Lens Market Value Share Analysis, by Region, 2016 and 2024
Figure 16: Global Intraocular Lens Market Attractiveness Analysis, by Region, 2016–2024
Figure 17: North America Intraocular Lens Market Size (US$ Mn) Forecast, 2014–2024
Figure 18: North America Intraocular Lens Market Attractiveness Analysis, by Country, 2016–2024
Figure 19: North America Intraocular Lens Market Value Share Analysis, by Country, 2016 and 2024
Figure 20: North America Intraocular Lens Market Value Share Analysis, by Product, 2016 and 2024
Figure 21: North America Intraocular Lens Market Value Share Analysis, by End-User, 2016 and 2024
Figure 22: North America Intraocular Lens Market Attractiveness Analysis, by Product, 2016–2024
Figure 23: North America Intraocular Lens Market Attractiveness Analysis, by End-user, 2016–2024
Figure 24: Europe Intraocular Lens Market Size (US$ Mn) Forecast, 2014–2024
Figure 25: Europe Intraocular Lens Market Attractiveness Analysis, by Country, 2016–2024
Figure 26: Europe Intraocular Lens Market Value Share Analysis, by Country, 2016 and 2024
Figure 27: Europe Intraocular Lens Market Value Share Analysis, by Product, 2016 and 2024
Figure 28: Europe Intraocular Lens Market Value Share Analysis, by End-user, 2016 and 2024
Figure 29: Europe Intraocular Lens Market Attractiveness Analysis, by Product, 2016–2024
Figure 30: Europe Intraocular Lens Market Attractiveness Analysis, by End-user, 2016–2024
Figure 31: Asia Pacific Intraocular Lens Market Size (US$ Mn) Forecast, 2014–2024
Figure 32: Asia Pacific Intraocular Lens Market Attractiveness Analysis, by Country/Region, 2016–2024
Figure 33: Asia Pacific Intraocular Lens Market Value Share Analysis, by Country/ Region, 2016 and 2024
Figure 34: Asia Pacific Intraocular Lens Market Value Share Analysis, by Product, 2016 and 2024
Figure 35: Asia Pacific Intraocular Lens Market Value Share Analysis, by End-user, 2016 and 2024
Figure 36: Asia Pacific Intraocular Lens Market Attractiveness Analysis, by Product, 2016–2024
Figure 37: Asia Pacific Intraocular Lens Market Attractiveness Analysis, by End-user, 2016–2024
Figure 38: Latin America Intraocular Lens Market Size (US$ Mn) Forecast, 2014–2024
Figure 39: Latin America Intraocular Lens Market Attractiveness Analysis, by Country/Region, 2016–2024
Figure 40: Latin America Intraocular Lens Market Value Share Analysis, by Country/Region, 2016 and 2024
Figure 41: Latin America Intraocular Lens Market Value Share Analysis, by Product, 2016 and 2024
Figure 42: Latin America Intraocular Lens Market Value Share Analysis, by End-user, 2016 and 2024
Figure 43: Latin America Intraocular Lens Market Attractiveness Analysis, by Product, 2016–2024
Figure 44: Latin America Intraocular Lens Market Attractiveness Analysis, by End-user, 2016–2024
Figure 45: MEA Intraocular Lens Market Size (US$ Mn) Forecast, 2014–2024
Figure 46: MEA Intraocular Lens Market Attractiveness Analysis, by Country/Region, 2016–2024
Figure 47: MEA Intraocular Lens Market Value Share Analysis, by Country/Region, 2016 and 2024
Figure 48: MEA Intraocular Lens Market Value Share Analysis, by Product, 2016 and 2024
Figure 49: MEA Intraocular Lens Market Value Share Analysis, by End-user, 2016 and 2024
Figure 50: MEA Intraocular Lens Market Attractiveness Analysis, by Product, 2016–2024
Figure 51: MEA Intraocular Lens Market Attractiveness Analysis, by End-user, 2016–2024
Figure 52: Global Intraocular Lens Market Share Analysis, by Company, 2016 (Estimated)

List of Tables

Table 01: Global Intraocular Lens Market Size (US$ Mn) Forecast, by Product, 2014–2024
Table 02: Global Intraocular Lens Market Size (US$ Mn) Forecast, by End-user, 2014–2024
Table 03: Global Intraocular Lens Market Size (US$ Mn) Forecast, by Region, 2014–2024
Table 04: North America Intraocular Lens Market Size (US$ Mn) Forecast, by Country, 2014–2024
Table 05: North America Intraocular Lens Market Size (US$ Mn) Forecast, by Product, 2014–2024
Table 06: North America Intraocular Lens Market Size (US$ Mn) Forecast, by End-User, 2014–2024
Table 07: Europe Intraocular Lens Market Size (US$ Mn) Forecast, by Country, 2014–2024
Table 08: Europe Intraocular Lens Market Size (US$ Mn) Forecast, by Product, 2014–2024
Table 09: Europe Intraocular Lens Market Size (US$ Mn) Forecast, by End-user, 2014–2024
Table 10: Asia Pacific Intraocular Lens Market Size (US$ Mn) Forecast, by Country/ Region, 2014–2024
Table 11: Asia Pacific Intraocular Lens Market Size (US$ Mn) Forecast, by Product, 2014–2024
Table 12: Asia Pacific Intraocular Lens Market Size (US$ Mn) Forecast, by End-user, 2014–2024
Table 13: Latin America Intraocular Lens Market Size (US$ Mn) Forecast, by Country/Region, 2014–2024
Table 14: Latin America Intraocular Lens Market Size (US$ Mn) Forecast, by Product, 2014–2024
Table 15: Latin America Intraocular Lens Market Size (US$ Mn) Forecast, by End-user, 2014–2024
Table 16: MEA Intraocular Lens Market Size (US$ Mn) Forecast, by Country/Region, 2014–2024
Table 17: MEA Intraocular Lens Market Size (US$ Mn) Forecast, by Product, 2014–2024
Table 18: MEA Intraocular Lens Market Size (US$ Mn) Forecast, by End-user, 2014–2024

Global Intraocular Lens Market: Overview

Cataract is an eye disease characterized by cloudiness / opaqueness of the natural lens of the eye, which leads to diminished vision, and if not treated leads to permanent loss of vision. Intraocular Lens is a type of lens implanted in the eye, for the treatment of cataract. Cataract is considered as one of the most common eye disease, and World Health Organization estimates that cataract is responsible for an estimated 50% of causes of blindness, in the world. Cataracts are of different types depending upon the cause, such as secondary cataracts, traumatic cataract, congenital cataract, and radiation cataract. Various types of intraocular lenses are available for treatment of cataract such as monofocal IOL, multifocal IOL, toric, accommodative IOL, and other IOL’s such as light filtering IOL’s, Phakic, aspheric IOL’s among others.

The market overview section of the report comprises qualitative analysis of the overall intraocular lens market considering the factors determining the market dynamics such as drivers, restraints and opportunities, along with Porter’s five force analysis and market attractiveness analysis. In addition, such as market opportunity analysis for the product type, and end users, and key industry developments has also been provided. Key industry developments include the major events occurred in past decade and are expected to occur during the forecast period which are likely to affect the market dynamics.

Global Intraocular Lens Market: Segmentation

The global intraocular lens market has been segmented on the basis of product type, and end users. On the basis of product type, the global intraocular lens market is categorized as monofocal IOL, multifocal IOL, toric IOL, accommodative IOL, and other IOL’s. Furthermore, on the basis of end users, the global intraocular lens market has been classified as hospitals, ophthalmology clinics, ambulatory surgery centers, and eye research institutes. The market for these product types, and end users has been extensively analyzed on the basis of factors such as usage pattern, sales revenue, geographic presence and technological developments. The market size and forecast in terms of revenue (USD million) for each of these segments have been provided for the period 2014 to 2024, considering 2015 as the base year. The report also provides the compounded annual growth rate (CAGR) for each segment for the forecast period 2016 to 2024.

Global Intraocular Lens Market: Regional Outlook

Geographically, the intraocular lens market has been classified into five segments namely, North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The market size and forecast for each region has been provided for the period 2014 to 2024, in terms of product types, and end users, along with the CAGR (%) for the forecast period 2016 to 2024.

Key Players Mentioned this is Report are:

The report also provides a section on the competitive landscape, wherein the market share analysis of leading players in the global intraocular lens market, in terms of percentage share in 2016 (estimated) has been discussed. A list of recommendations has also been included for new entrants as well as existing market players to help them establish a strong presence in the market and increase their market share. The report concludes with the profiles of major players in the global intraocular lens market such as Abbott Medical Optics, Alcon (Novartis AG), Bausch & Lomb, Inc., Calhoun Vision, Inc., Carl Zeiss Meditec AG, Staar Surgical Company, Hoya Surgical Optics, Rayner Intraocular Lenses Limited, and PhysIOL, among others.  The major market players are evaluated on various parameters such as company overview, financial overview, product portfolio, business strategies and recent developments.

Global Intraocular Lens Market is segmented as follows:

  • Global Intraocular Lens Market, by Product Type
    • Monofocal IOL
    • Multifocal IOL
    • Toric IOL
    • Accommodative IOL
    • Others
       
  • Global Intraocular Lens Market, by End Users
    • Hospitals
    • Ophthalmology Clinics
    • Ambulatory Surgery Centers
    • Eye Research Institutes
       
  • Global Intraocular Lens Market, by Geography
    • North America
    • Europe
    • Asia-Pacific
    • Latin America
    • Middle East & Africa


 
 
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