the Global Intraocular Lens Industry. The comprehensive report outlines a trajectory of success for the sector, predicting sales to reach US$ 4.3 billion in 2021 and projecting an impressive Compound Annual Growth Rate (CAGR) of 6% from 2022 to 2032. This projection is expected to elevate the market’s value to an estimated US$ 8.2 billion by 2032.
One of the standout trends highlighted in the report is the surging demand for Multifocal Intraocular Lenses. Projections indicate that this segment will experience the highest growth, boasting a CAGR of 6.1% over the period from 2022 to 2032.
This comprehensive report not only provides invaluable insights into the current dynamics of the Intraocular Lens market but also offers a glimpse into its future prospects. It stands as an essential resource for both established and emerging market players, equipping them with crucial information to make informed decisions.
COVID-19 Impact Analysis on Intraocular Lens Industry
The recent outbreak of COVID-19 has turned the spotlight on the healthcare industry and subsequently impacted the Intraocular Lens industry. Severe shortages of critical medical supplies and a rapid rise in the number of COVID-19 cases have resulted in a revolution rather than an evolution in the healthcare ecosystems. Consequently, the impact is noticeable in the Intraocular Lens market.
Following government measures, particularly social distancing norms and stay-at-home orders, doctors are delaying or postponing elective surgeries unless critical to prevent the spread of the virus to individuals with comorbidities or chronic conditions. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace.
The FMI’s report includes an interesting chapter on the preliminary impact of COVID-19 on the Intraocular Lens market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.
Intraocular Lens Industry: Competition Analysis
The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Intraocular Lens industry. Competitive information detailed in the Intraocular Lens market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Intraocular Lens market report.
Key players covered in the report include:
Alcon, Inc. (a Novartis AG division), Johnson & Johnson, Valeant, Carl Zeiss Meditec AG, Rayner, EyeKon Medical, Inc., Lenstec, Inc., Human Optics AG and Physiol
Intraocular Lens Industry: Segmentation
Valuable information covered in FMI’s Intraocular Lens market report has been segregated into key segments and sub-segments.
By Product Type:
- Monofocal Intraocular Lens
- Multifocal Intraocular Lens
- Toric Intraocular Lens
- Accommodative Intraocular Lens
By End-User:
- Hospitals
- Ophthalmic Clinics
- Ambulatory Surgery Centers
- Eye Research Institutes
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