The increasing adoption of premium quality intraocular lenses is a major factor driving the growth of the intraocular lens market.
NE WIN SIVERS DRIVE, PROVINCE: – PORTLAND, UNITED STATES, December 19, 2021 /EINPresswire.com/ – According to the Allied Market Research report, titled “Intraocular Lens Market by type (monofocal intraocular lens and premium intraocular lens [Toric Intraocular Lens, Multifocal Intraocular Lens, and Accommodating Intraocular Lens]), Material (polymethyl methacrylate (PMMA), silicone and hydrophobic acrylic): Global opportunity analysis and industry forecast, 2018-2026 “. The report provides a detailed analysis of the changing market dynamics, main segments, value chain, key investment pockets, regional scenario, and competitive landscape.
Intraocular lenses (IOLs) are implanted in the eyes to replace the natural lens during cataract surgery. The market has experienced significant growth in the recent past due to the development of new types of IOLs.
The advent of high-end IOLs such as multifocal, toric, and accommodating IOLs and the increasing incidence of cataracts are the key factors driving the growth of the market. In addition, the growing geriatric population and proactive government initiatives to eliminate preventable blindness are expected to fuel the demand for IOL around the world. However, the postoperative complications such as refractive errors and the unfavorable reimbursement scenario for high-end intraocular lenses are restraining the market growth.
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ð°ð¼ðºð½ð²ðð¶ðð¶ðð² ð®ð»ð®ð¹ððð¶ð ð®ð»ð± ð½ð¿ð¼ð³ð¶ð¹ð²ð ð¼ð³ ðºð®ð·ð¼ð¿ ðºð®ð¿ð¸ð²ð ð½ð¹ð®ðð²ð¿ð, ððð°ðµ ð®ð
Alcon, Inc. (a division of Novartis AG), Johnson & Johnson, Valeant, Carl Zeiss Meditec AG, Rayner, EyeKon Medical, Inc., Lenstec, Inc., HumanOptics AG, STAAR Surgical and HOYA GROUP.
The other players operating on the market are PhysIOL sa, Calhoun Vision Center and Oculentis GmBH.
(ðªðððððððð ððð ðµðð ðððð ðððð ð¼ð ðð 25% ð ððððððð) ðð
ðð¼ðð¶ð±-ððµ:
1) The Covid-19 pandemic, followed by containment, affected several manufacturing industries.
2) The prolonged containment has resulted in a disruption in the supply chain and an increase in the prices of raw materials.
3) However, as the world recovers from the pandemic, the market is expected to get back on track.
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⯠ðð²ð ðð²ð»ð²ð³ð¶ðð ð³ð¼ð¿ ð¦ðð®ð¸ð²ðµð¼ð¹ð±ð²ð¿ð
â¦The premium lens segment is expected to grow at a significant CAGR of 8.6%, due to various benefits such as improved visual performance.
The outpatient surgery center segment is expected to grow at a CAGR of 7.1% during the forecast period.
In terms of volume, the United States accounted for over a quarter of the global intraocular lens market.
â¦France and Germany collectively contributed more than a third of the European intraocular lens market in 2016
â¦Japan is the largest shareholder, accounting for nearly a third of the intraocular lens market in Asia-Pacific in 2016.
Asia-Pacific is expected to grow at the highest CAGR of 7.0% during the forecast period owing to improved healthcare infrastructure and increased spending in emerging markets (such as India and China) to address unmet medical needs. Advances in technology to develop profitable devices offer lucrative opportunities for market growth.
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