Dublin, March 13, 2018 (GLOBE NEWSWIRE) -- The "Intraocular Lens (IOL) Market by Type (Traditional/Monofocal (Spheric, Aspheric), Premium (Multifocal, Accommodating, and Extended Depth of Focus), and Phakic), Material (PMMA, Foldable), End User and Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
The intraocular lens (IOL) market is projected to reach to USD 4.56 billion by 2022 from estimated USD 3.50 billion in 2017.
The growing geriatric population and associated eye disorders, rising prevalence of eye diseases & diabetes across the globe, technological advancements in intraocular lenses, and increasing government initiatives to control and treat blindness caused by cataract are factors driving this market. However, the lack of awareness and low accessibility to eye care in low-income economies may hinder the growth of this market.
On the basis of type, the intraocular lens market is segmented into traditional/monofocal IOLs, premium IOLs, and phakic IOLs. The premium IOLs segment is expected to witness the highest growth during the forecast period. The growth of this segment is attributed to the wide range of benefits associated with their use, such as enhanced visual performance and reduced astigmatism.
Based on the type, the traditional/monofocal IOLs segment is further classified into aspheric monofocal IOLs and spheric monofocal IOLs. The aspheric monofocal IOLs segment is expected to grow at the highest CAGR during the forecast period. Growth in this market segment can largely be attributed to the higher utilization of these lenses by cataract surgeons and patients owing to their added advantages over spheric monofocal IOLs. Aspheric monofocal IOLs are easy to insert, induces limited or zero spheric aberration, and create very effective contrast sensitive optical image for patients.
On the basis of type of material, the market is segmented into foldable IOLs and PMMA IOLs. During the forecast period, the foldable IOLs segment is expected to grow at the highest CAGR. The high growth of this segment can be attributed to the advantages offered by foldable IOLs over the PMMA IOLs, such as suitability for manufacturing three-piece IOLs and IOL haptics, high biocompatibility, high light transmissibility, good center placement, resistance to tilting inside the eye, and UV-absorbing property.
Asia Pacific is expected to witness the highest growth during the forecast period (2017 to 2022). The region's large geriatric population, large cataract patient population, improving healthcare infrastructure, and rising demand for advanced intraocular lenses and related technologies are driving the growth of this market.
Key Topics Covered:
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Scope of the Study
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Intraocular Lens Market: Overview
4.2 Intraocular Lens Market in APAC, By Type & Country
4.3 Intraocular Lens Market: Regional Mix
4.4 Intraocular Lens Market: Geographical Snapshot
4.5 Intraocular Lens Market: Developed vs Developing Countries
5 Market Overview
5.1 Introduction
5.2 Market Dynamics: Impact Analysis
5.2.1 Drivers
5.2.1.1 Rising Prevalence of Eye Diseases
5.2.1.1.1 Cataracts
5.2.1.1.2 Obesity and Diabetes
5.2.1.1.3 Age-Related Macular Degeneration
5.2.1.2 Government and Awareness Initiatives to Control and Treat Blindness
5.2.1.3 Technological Advancements in IOLs
5.2.2 Restraints
5.2.2.1 Lack of Proper Coverage Or Co-Payment Policies for Premium IOLs
5.2.3 Opportunities
5.2.3.1 Untapped Potential of Emerging Markets
5.2.4 Challenges
5.2.4.1 Scarcity of Ophthalmologists
6 Intraocular Lens (IOLs) Market, By Type
6.1 Introduction
6.2 Traditional/Monofocal IOLs
6.2.1 Aspheric Monofocal IOLs
6.2.2 Spheric Monofocal IOLs
6.3 Premium IOLs
6.3.1 Multifocal IOLs
6.3.2 Accommodating IOLs
6.3.3 Extended Depth-Of-Focus (EDoF) IOLs
6.4 Phakic IOLs
7 Intraocular Lens (IOLs) Market, By Material
7.1 Introduction
7.2 Foldable IOLs
7.2.1 Hydrophobic Acrylic IOLs
7.2.2 Hydrophilic Acrylic IOLs
7.2.3 Other Foldable IOLs
7.3 PMMA IOLs
8 Intraocular Lens (IOLs) Market, By End User
8.1 Introduction
8.2 Hospitals & Clinics
8.3 Ambulatory Surgery Centers
9 Intraocular Lens (IOLs) Market, By Region
10 Competitive Landscape
10.1 Introduction
10.2 Market Share Analysis
10.3 Product Portfolio Matrix
10.4 Competitive Situations and Trend
10.4.1 Product Launches
10.4.2 Agreements, Partnerships, and Collaborations
10.4.3 Acquisitions
10.4.4 Regulatory Approvals
10.4.5 Expansions
11 Company Profiles
11.1 Bausch + Lomb
11.2 Alcon
11.3 Johnson & Johnson
11.4 Carl Zeiss Meditec
11.5 Hoya Corporation
11.6 Staar Surgical Company
11.7 Rayner Intraocular Lenses
11.8 Physiol
11.9 Ophtec
11.10 SAV IOL
11.11 Oculentis
For more information about this report visit https://www.researchandmarkets.com/research/q7xwc7/intraocular_lens?w=12