Analysts’ Viewpoint on Intraocular Lens Market Scenario
Companies in the global intraocular lens market should accelerate their product development to unlock revenue opportunities and obtain competitive benefits. Market stakeholders are extending their services to gain competitive edge in the healthcare sector and generate revenue opportunities in the global market. Increasing cataract surgeries across the globe is a major factor driving the global intraocular lens market. Growth and technological advancement in the healthcare industry and rapidly growing eye clinics, ambulatory surgery centers, eye research institutes, and ophthalmology clinics in developing regions are driving the demand for intraocular lens, which, in turns, is propelling the market. However, the high cost of intraocular lens is a major factor hampering the expansion of the global intraocular market. Strict regulations in fetching approval does not bode well for the growth of the market. These are likely to deter the expansion of the market during the forecast period.
Rise in the number of cataract surgeries around the world is expected to generate ample business prospects in the global intraocular lens market in the upcoming years. Intraocular lens are implanted in an eye during the treatment of myopia or cataract. The increasing demand for multifocal IOL, monofocal IOL, accommodative IOL, and toric IOL in hospitals, ophthalmology clinics, eye research institutes, and ambulatory surgery centers is driving the global intraocular lens market. Government as well as several non-government organizations are taking efforts to spread awareness on symptoms of cataract and other health issues pertaining to eyes. The rise in diabetic population who are more likely to opt for cataract surgeries is driving the expansion of the global intraocular lens market. Moreover, increasing eye issues in aging population and loss or poor vision also lead to rise in demand for intraocular lens.
In addition, these organizations are also providing information on available treatment options on these health issues. Market players in the global intraocular lens market are consistently improving the quality of products they offer. They are increasing investments in research & development to fulfill the rising demand from consumers across the globe. Several enterprises are strengthening their product offerings by indulging in new product launch activities.
Key market leaders are strengthening their market position by increasing their participation in activities such as mergers, partnerships, collaborations, and regional expansions. They are also focusing on acquisition of their smaller competitors. In order to stay ahead in the competition, many market players are expanding their production capabilities. Such efforts are likely to bolster the global intraocular lens market in the near future.
Companies in the intraocular lens market are estimated to gain substantial sales opportunities in North America on the back of several factors such as rise in awareness about eye-related diseases among regional population, existence of a robust healthcare industry, and presence of several active players in the region. New product developments in the intraocular lens market, along with technological advances in surgical instruments and techniques in cataract surgeries are driving the global market.
The global intraocular lens market has been negatively affected by the rapid spread of coronavirus cross the globe. The emergence of COVID-19 pandemic has compelled companies operating in the intraocular lens market to restructure their strategies in order to sustain their businesses in such critical situations. This is the reason why these companies are following all regional government guidelines while carrying out regular business activities. During the pandemic, the market has seen a decline in demand due to the lockdowns and vulnerabilities associated with the elderly. The cohort of the patient population has postponed the surgery. In addition, economic considerations has also hit the consumer demand. Market players are recovering from the losses caused due to the global pandemic. Manufacturers of intraocular lens find steady revenue streams in the eye care industry. A wide range of this lens have undergone design advances to suit patients’ needs.
North America shows lucrative growth opportunities in the intraocular lens market due to rising awareness among general people and increasing expenditure on healthcare. Technological advancement in healthcare is supporting the growth of the market. Rising investments in R&D activities in intraocular lenses are driving the expansion of the market. Market contributors from North America are focusing on adopting various strategies to strengthen their market presence. The significant presence of market players operating in the global intraocular lens market is contributing to the growth of the market.
Market players in the North America intraocular lens market are focusing on various strategies to increase their market share. The North America market is expected to be driven by increasing adoption of modern technologies in the regional healthcare industry and improving disposable income of consumers.
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Attribute |
Detail |
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Market Size Value in 2020 |
US$ 3.9 Bn |
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Market Forecast Value in 2028 |
US$ 5.6 Bn |
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Growth Rate (CAGR) |
4.9% |
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Forecast Period |
2021–2028 |
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Quantitative Units |
US$ Mn for Value |
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Market Analysis |
It includes cross segment analysis at the regional level. Moreover, qualitative analysis includes drivers, restraints, opportunities, key trends, and parent industry overview. |
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Competition Landscape |
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Format |
Electronic (PDF) + Excel |
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Market Segmentation |
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Regions Covered |
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Countries Covered |
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Companies Profiled |
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Customization Scope |
Available upon request |
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Pricing |
Available upon request |
The global intraocular lens market was worth US$3553.4 mn and is projected to reach a value of US$5069.5 mn by the end of forecast period
Intraocular lens market is anticipated to grow at a CAGR of 5.2% during the forecast period
North America accounted for a major share of the global intraocular lens market
Rise in the cases of cataract across major parts of the globe is expected to work as one of the key drivers for the rapid expansion of the global intraocular lens market
Key players in the global intraocular lens market include Bausch & Lomb, Inc, Alcon, Johnson & Johnson Vision Care, Abbott Medical Optics, and Hoya Corporation
1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
2. Assumptions and Research Methodology
2.1. Assumptions and Acronyms Used
2.2. Research Methodology
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Market Dynamics
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunity
4.3. Global Intraocular Lens Market Forecast
4.4. Global Intraocular Lens Market Outlook
5. Market Outlook
5.1. Disease Epidemiology, by Region/Key Countries
5.2. Regulatory Scenario, by Region/Globally
5.3. Key Industry Events (mergers, acquisitions, partnerships, collaborations, etc.)
5.4. COVID-19 Pandemic Impact on Industry (value chain and short / mid / long term impact)
6. Global Intraocular Lens Market Analysis and Forecast, by Product Type
6.1. Introduction
6.2. Global Intraocular Lens Market Value Share Analysis, by Product Type
6.3. Global Intraocular Lens Market Forecast, by Product Type
6.3.1. Monofocal IOL
6.3.2. Multifocal IOL
6.3.3. Toric IOL
6.3.4. Accommodative IOL
6.3.5. Others
6.4. Global Intraocular Lens Market Analysis, by Product Type
6.5. Global Intraocular Lens Market Attractiveness Analysis, by Product Type
7. Global Intraocular Lens Market Analysis and Forecast, by End-user
7.1. Introduction
7.2. Global Intraocular Lens Market Value Share Analysis, by End-user
7.3. Global Intraocular Lens Market Forecast, by End-user
7.3.1. Hospitals
7.3.2. Ophthalmology Clinics
7.3.3. Ambulatory Surgery Centers
7.3.4. Eye Research Institutes
7.4. Global Intraocular Lens Market Analysis, by End-user
7.5. Global Intraocular Lens Market Attractiveness Analysis, by End-user
8. Global Intraocular Lens Market Analysis, by Region
8.1. Global Intraocular Lens Market Analysis, by Region
8.2. Global Intraocular Lens Market Value Share and Attractiveness Analysis, by Region
8.3. Global Intraocular Lens Market Forecast, by Region
8.3.1. North America
8.3.2. Europe
8.3.3. Asia Pacific
8.3.4. Latin America
8.3.5. Middle East & Africa
9. North America Intraocular Lens Market Analysis
9.1. Key Findings
9.2. North America Intraocular Lens Market Overview
9.3. North America Intraocular Lens Market Value Share Analysis, by Country
9.4. North America Intraocular Lens Market Forecast, by Country
9.4.1. U.S.
9.4.2. Canada
9.5. North America Intraocular Lens Market Value Share Analysis, by Product Type
9.6. North America Intraocular Lens Market Forecast, by Product Type
9.6.1. Monofocal IOL
9.6.2. Multifocal IOL
9.6.3. Toric IOL
9.6.4. Accommodative IOL
9.6.5. Others
9.7. North America Intraocular Lens Market Value Share Analysis, by End-user
9.8. North America Intraocular Lens Market Forecast, by End-user
9.8.1. Hospitals
9.8.2. Ophthalmology Clinics
9.8.3. Ambulatory Surgery Centers
9.8.4. Eye Research Institutes
9.9. North America Intraocular Lens Market Attractiveness Analysis
9.10. Market Trends
10. Europe Intraocular Lens Market Analysis
10.1. Key Findings
10.2. Europe Intraocular Lens Market Overview
10.3. Europe Intraocular Lens Market Value Share Analysis, by Country/Sub-region
10.4. Europe Intraocular Lens Market Forecast, by Country/Sub-region
10.4.1. Germany
10.4.2. U.K.
10.4.3. France
10.4.4. Italy
10.4.5. Spain
10.4.6. Rest of Europe
10.5. Europe Intraocular Lens Market Value Share Analysis, by Product Type
10.6. Europe Intraocular Lens Market Forecast, by Product Type
10.6.1. Monofocal IOL
10.6.2. Multifocal IOL
10.6.3. Toric IOL
10.6.4. Accommodative IOL
10.6.5. Others
10.7. Europe Intraocular Lens Market Value Share Analysis, by End-user
10.8. Europe Intraocular Lens Market Forecast, by End-user
10.8.1. Hospitals
10.8.2. Ophthalmology Clinics
10.8.3. Ambulatory Surgery Centers
10.8.4. Eye Research Institutes
10.9. Europe Intraocular Lens Market Attractiveness Analysis
10.10. Market Trends
11. Asia Pacific Intraocular Lens Market Analysis
11.1. Key Findings
11.2. Asia Pacific Intraocular Lens Market Overview
11.3. Asia Pacific Intraocular Lens Market Value Share Analysis, by Country/Sub-region
11.4. Asia Pacific Intraocular Lens Market Forecast, by Country/Sub-region
11.4.1. China
11.4.2. India
11.4.3. Japan
11.4.4. Australia & New Zealand
11.4.5. Rest of Asia Pacific
11.5. Asia Pacific Intraocular Lens Market Value Share Analysis, by Product Type
11.6. Asia Pacific Intraocular Lens Market Forecast, by Product Type
11.6.1. Monofocal IOL
11.6.2. Multifocal IOL
11.6.3. Toric IOL
11.6.4. Accommodative IOL
11.6.5. Others
11.7. Asia Pacific Intraocular Lens Market Value Share Analysis, by End-user
11.8. Asia Pacific Intraocular Lens Market Forecast, by End-user
11.8.1. Hospitals
11.8.2. Ophthalmology Clinics
11.8.3. Ambulatory Surgery Centers
11.8.4. Eye Research Institutes
11.9. Asia Pacific Intraocular Lens Market Attractiveness Analysis
11.10. Market Trends
12. Latin America Intraocular Lens Market Analysis
12.1. Key Findings
12.2. Latin America Intraocular Lens Market Overview
12.3. Latin America Intraocular Lens Market Value Share Analysis, by Country/Sub-region
12.4. Latin America Intraocular Lens Market Forecast, by Country/Sub-region
12.4.1. Brazil
12.4.2. Mexico
12.4.3. Rest of Latin America
12.5. Latin America Intraocular Lens Market Value Share Analysis, by Product Type
12.6. Latin America Intraocular Lens Market Forecast, by Product Type
12.6.1. Monofocal IOL
12.6.2. Multifocal IOL
12.6.3. Toric IOL
12.6.4. Accommodative IOL
12.6.5. Others
12.7. Latin America Intraocular Lens Market Value Share Analysis, by End-user
12.8. Latin America Intraocular Lens Market Forecast, by End-user
12.8.1. Hospitals
12.8.2. Ophthalmology Clinics
12.8.3. Ambulatory Surgery Centers
12.8.4. Eye Research Institutes
12.9. Latin America Intraocular Lens Market Attractiveness Analysis
12.10. Market Trends
13. Middle East & Africa Intraocular Lens Market Analysis
13.1. Key Findings
13.2. Middle East & Africa Intraocular Lens Market Overview
13.3. Middle East & Africa Intraocular Lens Market Value Share Analysis, by Country/Sub-region
13.4. Middle East & Africa Intraocular Lens Market Forecast, by Country/Sub-region
13.4.1. GCC Countries
13.4.2. South Africa
13.4.3. Rest of Middle East & Africa
13.5. Middle East & Africa Intraocular Lens Market Value Share Analysis, by Product Type
13.6. Middle East & Africa Intraocular Lens Market Forecast, by Product Type
13.6.1. Monofocal IOL
13.6.2. Multifocal IOL
13.6.3. Toric IOL
13.6.4. Accommodative IOL
13.6.5. Others
13.7. Middle East & Africa Intraocular Lens Market Value Share Analysis, by End-user
13.8. Middle East & Africa Intraocular Lens Market Forecast, by End-user
13.8.1. Hospitals
13.8.2. Ophthalmology Clinics
13.8.3. Ambulatory Surgery Centers
13.8.4. Eye Research Institutes
13.9. Middle East & Africa Intraocular Lens Market Attractiveness Analysis
13.10. Market Trends
14. Competition Landscape
14.1. Competition Matrix
14.2. Global Intraocular Lens Market Share Analysis, by Company, 2020
14.3. Company Profiles
14.3.1. Abbott Medical Optics
14.3.1.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.1.2. Product Portfolio
14.3.1.3. Financial Overview
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 Strength)
14.3.2.2. Product Portfolio
14.3.2.3. Financial Overview
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 Strength)
14.3.3.2. Product Portfolio
14.3.3.3. Financial Overview
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 Strength)
14.3.4.2. Product Portfolio
14.3.4.3. Financial Overview
14.3.4.4. SWOT Analysis
14.3.4.5. Strategic Overview
14.3.5. Hoya Surgical Optics
14.3.5.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.5.2. Product Portfolio
14.3.5.3. Financial Overview
14.3.5.4. SWOT Analysis
14.3.5.5. Strategic Overview
14.3.6. PhysIOL
14.3.6.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.6.2. Product Portfolio
14.3.6.3. SWOT Analysis
14.3.6.4. Strategic Overview
14.3.7. Staar Surgical Company
14.3.7.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.7.2. Product Portfolio
14.3.7.3. Financial Overview
14.3.7.4. SWOT Analysis
14.3.7.5. Strategic Overview
14.3.8. Calhoun Vision, Inc.
14.3.8.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.8.2. Product Portfolio
14.3.8.3. SWOT Analysis
14.3.8.4. Strategic Overview
14.3.9. Oculentis GmbH
14.3.9.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.9.2. Product Portfolio
14.3.9.3. SWOT Analysis
14.3.9.4. Strategic Overview
14.3.10. Rayner Intraocular Lenses Limited.
14.3.10.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.10.2. Product Portfolio
14.3.10.3. Financial Overview
14.3.10.4. SWOT Analysis
14.3.10.5. Strategic Overview
List of Tables
Table 01: Global Intraocular Lens Market Size (US$ Mn) Forecast, by Product Type, 2017–2028
Table 02: Global Intraocular Lens Market Size (US$ Mn) Forecast, by End-user, 2017–2028
Table 03: Global Intraocular Lens Market Size (US$ Mn) Forecast, by Region, 2017–2028
Table 04: North America Intraocular Lens Market Size (US$ Mn) Forecast, by Country, 2017–2028
Table 05: North America Intraocular Lens Market Size (US$ Mn) Forecast, by Product Type, 2017–2028
Table 06: North America Intraocular Lens Market Size (US$ Mn) Forecast, by End-user, 2017–2028
Table 07: Europe Intraocular Lens Market Size (US$ Mn) Forecast, by Country/Sub-region, 2017–2028
Table 08: Europe Intraocular Lens Market Size (US$ Mn) Forecast, by Product Type, 2017–2028
Table 09: Europe Intraocular Lens Market Size (US$ Mn) Forecast, by End-user, 2017–2028
Table 10: Asia Pacific Intraocular Lens Market Size (US$ Mn) Forecast, by Country/Sub-region, 2017–2028
Table 11: Asia Pacific Intraocular Lens Market Size (US$ Mn) Forecast, by Product Type, 2017–2028
Table 12: Asia Pacific Intraocular Lens Market Size (US$ Mn) Forecast, by End-user, 2017–2028
Table 13: Latin America Intraocular Lens Market Size (US$ Mn) Forecast, by Country/Sub-region, 2017–2028
Table 14: Latin America Intraocular Lens Market Size (US$ Mn) Forecast, by Product Type, 2017–2028
Table 15: Latin America Intraocular Lens Market Size (US$ Mn) Forecast, by End-user, 2017–2028
Table 16: Middle East & Africa Intraocular Lens Market Size (US$ Mn) Forecast, by Country/Sub-region, 2017–2028
Table 17: Middle East & Africa Intraocular Lens Market Size (US$ Mn) Forecast, by Product Type, 2017–2028
Table 18: Middle East & Africa Intraocular Lens Market Size (US$ Mn) Forecast, by End-user, 2017–2028
List of Figures
Figure 01: Global Intraocular Lens Market Size (US$ Mn) Forecast, 2017–2028
Figure 02: Global Intraocular Lens Market Value Share Analysis, by Product Type, 2020 and 2028
Figure 03: Global Monofocal IOL Market Revenue (US$ Mn) and Y-o-Y Growth (%), 2017–2028
Figure 04: Global Multifocal IOL Market Revenue (US$ Mn) and Y-o-Y Growth (%), 2017–2028
Figure 05: Global Multifocal IOL Market Revenue (US$ Mn) and Y-o-Y Growth (%), 2017–2028
Figure 06: Global Accommodative IOL Market Revenue (US$ Mn) and Y-o-Y Growth (%), 2017–2028
Figure 07: Global Other IOLs Market Revenue (US$ Mn) and Y-o-Y Growth (%), 2017–2028
Figure 08: Global Intraocular Lens Market Attractiveness Analysis, by Product Type, 2021–2028
Figure 09: Global Intraocular Lens Market Value Share Analysis, by End-user, 2020 and 2028
Figure 10: Global Hospitals Market Revenue (US$ Mn) and Y-o-Y Growth (%), 2017–2028
Figure 11: Global Ophthalmology Clinics Market Revenue (US$ Mn) and Y-o-Y Growth (%), 2017–2028
Figure 12: Global Ambulatory Surgery Centers Market Revenue (US$ Mn) and Y-o-Y Growth (%), 2017–2028
Figure 13: Global Eye Research Institutes Market Revenue (US$ Mn) and Y-o-Y Growth (%), 2017–2028
Figure 14: Global Intraocular Lens Market Attractiveness Analysis, by End-user, 2021–2028
Figure 15: Global Intraocular Lens Market Value Share Analysis, by Region, 2020 and 2028
Figure 16: Global Intraocular Lens Market Attractiveness Analysis, by Region, 2021–2028
Figure 17: North America Intraocular Lens Market Size (US$ Mn) Forecast, 2017–2028
Figure 18: North America Intraocular Lens Market Attractiveness Analysis, by Country, 2021–2028
Figure 19: North America Intraocular Lens Market Value Share Analysis, by Country, 2020 and 2028
Figure 20: North America Intraocular Lens Market Value Share Analysis, by Product Type, 2020 and 2028
Figure 21: North America Intraocular Lens Market Value Share Analysis, by End-user, 2020 and 2028
Figure 22: North America Intraocular Lens Market Attractiveness Analysis, by Product Type, 2021–2028
Figure 23: North America Intraocular Lens Market Attractiveness Analysis, by End-user, 2021–2028
Figure 24: Europe Intraocular Lens Market Size (US$ Mn) Forecast, 2017–2028
Figure 25: Europe Intraocular Lens Market Attractiveness Analysis, by Country/Sub-region, 2021–2028
Figure 26: Europe Intraocular Lens Market Value Share Analysis, by Country/Sub-region, 2020 and 2028
Figure 27: Europe Intraocular Lens Market Value Share Analysis, by Product Type, 2020 and 2028
Figure 28: Europe Intraocular Lens Market Value Share Analysis, by End-user, 2020 and 2028
Figure 29: Europe Intraocular Lens Market Attractiveness Analysis, by Product Type, 2016–2024
Figure 30: Europe Intraocular Lens Market Attractiveness Analysis, by End-user, 2021–2028
Figure 31: Asia Pacific Intraocular Lens Market Size (US$ Mn) Forecast, 2017–2028
Figure 32: Asia Pacific Intraocular Lens Market Attractiveness Analysis, by Country/Sub-region, 2021–2028
Figure 33: Asia Pacific Intraocular Lens Market Value Share Analysis, by Country/Sub-region, 2020 and 2028
Figure 34: Asia Pacific Intraocular Lens Market Value Share Analysis, by Product Type, 2020 and 2028
Figure 35: Asia Pacific Intraocular Lens Market Value Share Analysis, by End-user, 2020 and 2028
Figure 36: Asia Pacific Intraocular Lens Market Attractiveness Analysis, by Product Type, 2021–2028
Figure 37: Asia Pacific Intraocular Lens Market Attractiveness Analysis, by End-user, 2021–2028
Figure 38: Latin America Intraocular Lens Market Size (US$ Mn) Forecast, 2017–2028
Figure 39: Latin America Intraocular Lens Market Attractiveness Analysis, by Country/Sub-region, 2021–2028
Figure 40: Latin America Intraocular Lens Market Value Share Analysis, by Country/Sub-region, 2020 and 2028
Figure 41: Latin America Intraocular Lens Market Value Share Analysis, by Product Type, 2020 and 2028
Figure 42: Latin America Intraocular Lens Market Value Share Analysis, by End-user, 2020 and 2028
Figure 43: Latin America Intraocular Lens Market Attractiveness Analysis, by Product Type, 2021–2028
Figure 44: Latin America Intraocular Lens Market Attractiveness Analysis, by End-user, 2021–2028
Figure 45: MEA Intraocular Lens Market Size (US$ Mn) Forecast, 2017–2028
Figure 46: MEA Intraocular Lens Market Attractiveness Analysis, by Country/Sub-region, 2021–2028
Figure 47: MEA Intraocular Lens Market Value Share Analysis, by Country/Sub-region, 2020 and 2028
Figure 48: MEA Intraocular Lens Market Value Share Analysis, by Product Type, 2020 and 2028
Figure 49: MEA Intraocular Lens Market Value Share Analysis, by End-user, 2020 and 2028
Figure 50: MEA Intraocular Lens Market Attractiveness Analysis, by Product Type, 2021–2028
Figure 51: MEA Intraocular Lens Market Attractiveness Analysis, by End-user, 2021–2028
Figure 52: Global Intraocular Lens Market Share Analysis, by Company, 2020 (Estimated)
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Intraocular Lens Market
