Press Releases
Global Intraocular Lens Market is Expected to Expand at a 5.2% CAGR from 2016 to 2024

Transparency Market Research Report Added "Intraocular Lens Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024"

United States, 20 March 2017 -- Intraocular Lens Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

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.

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.

For more information on this report, fill the form @

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.

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

# # #

Media Contacts:
Contact Us

Transparency Market Research
State Tower,
90 State Street, Suite 700
Albany, NY 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453


Note To Editors:


Image Attached Image Attached Download file at: New York
(Right click and save file to download.)

Document Attached Image Attached Download file at: 12207
(Right click and save file to download.)

Submitted by Sandy Researcher, Transparency Market Research on Monday, 20 March 2017 at 8:10 PM
Category: Health Care & Medical
Related News

Qatar Healthcare Market is One of the Fastest Growing Markets in the World: Ken Research
Monday, 24 Apr 2017

For Those Thinking of a Life without Glasses - Attend Optegra’s Open Evening
Monday, 24 Apr 2017

The Mobility Scooters Make Life Comfortable for those who Find it Difficult to Move Short Distances
Monday, 24 Apr 2017

Testosterone Replacement Therapy Market Research Report by Key Players Analysis
Monday, 24 Apr 2017

Glioblastoma Multiforme Treatment (GBM) Market :Company Analysis And Forecast To 2022
Monday, 24 Apr 2017

Related Events

World Congress on Maternal Fetal Neonatal Medicine
Sunday, 23 Apr 2017

85th EAS Congress - European Atherosclerosis Society
Sunday, 23 Apr 2017

Radiology in Venice
Monday, 24 Apr 2017

6th Digital Marketing for Medical Devices West
Monday, 24 Apr 2017

Gene Therapy for Rare Disorders 2017
Monday, 24 Apr 2017

Latest News

World Wide Vegas Is Offering The Largest Collection Of Games Of Online Slots For Real Money
Monday, 24 Apr 2017

Nevada Mattress And Furniture Brings Outstanding Option For Everyone To Enjoy Decorating Home
Monday, 24 Apr 2017

Digital Commerce Applications Market Worth US$ 19 Bn by 2026
Monday, 24 Apr 2017

Everything You Should Understand About bauzins that is vergleich
Monday, 24 Apr 2017

Go for On-line Buying and Take pleasure in Acquiring Ideal Wooden Sunglasses for Sale
Monday, 24 Apr 2017

Want to get your press releases, event listings, and job ads on Scoopasia? Register now for a FREE account or login if you already have one!
Scoopasia v1.0b. Copyright © 2017
Today is Monday, 24 April 2017

About Scoopasia | FAQ | Privacy Policy | Contact Us

Press Releases
Event Listings
Job Listings
Arts & Entertainment
Architecture & Construction
Automotive & Travel
Consumer Technology
Enterprise Technology
Food & Fashion
Government & Policy
Health Care & Medical
News & Media
Science & Research
Sports & Fitness
Login / Register
Get Scoopasia through RSS Feeds & Email Notifications!

Journalist's Toolbox
Hello journalist, welcome to Scoopasia--a powerful online resource for media information in Asia. Scoopasia has press releases and media events for every beat and industry. All content on Scoopasia is 100% FREE. You don't even need to login!

  • Scoop Line
    (Instant Information Request)
    The easiest way to ask questions and request information from the PR community.

  • Advanced Search
    Drill down, dig deep, for media information the way you want it.

  • Journalist's Resources
    Resources and tools you can't do without.

  • PR Tools
    Scoopasia Blog Search
    Search the largest handpicked collection of Asia's most prominent and influential blogs.

  • PR Bookmarks
  • Web 2.0 Bookmarks
  • Media Bookmarks

    More Coming Soon...

  • Upcoming Events
  • World Congress on Maternal Fetal Neonatal Medicine
  • 85th EAS Congress - European Atherosclerosis Society
  • Leveraging Customer Contact as a Strategic Asset: Customer Contact, East
  • Radiology in Venice
  • 6th Digital Marketing for Medical Devices West

  • Latest Jobs
  • London Investment Property
  • We Are Hiring A Content Manager!