Intraocular Lens Market by Size, Share, Growth and Trends

 The global intraocular lens (IOL) market size is projected to reach USD 5,318.8 million by 2026, thereby exhibiting a CAGR of 6.8% during the forecast period. However, the market was worth USD 3,159.3 million in 2018. The report further states that the market is set to gain impetus from the rising number of NGOs offering free cataract surgeries and eye examinations.

For more information, visit: https://www.fortunebusinessinsights.com/industry-reports/intraocular-lens-market-101220

Highlights of the Report:

  • In-depth information about the intraocular lens market trends, growth drivers, hindrances, opportunities, and challenges.
  • Segmentation of the market in terms of type, material, end user, and geography.
  • Extensive analysis of the competitive landscape, such as new product launches, contracts, agreements, joint ventures, mergers, and acquisitions.

North America to Dominate: Increasing Technological Advancements Will Favor Growth

The market is geographically segregated into Asia Pacific, Europe, the Middle East and Africa, North America, and Latin America. Out of these, North America had generated USD 892.9 million IOL market value in 2018. It is set to retain its dominant position throughout the forecast period. It is likely to occur because of the increasing number of new product launches as well as the ongoing technological advancements, such as the Extended Depth of Focus (EDoF) and custom cataract lens.

Europe is expected to expand at a fast pace owing to the growing preference for toric lenses, rising adoption of femtosecond lasers for cataract surgery, and an increasing number of cataract surgery. Besides, various industry giants are present in this region. It would also contribute to the market growth.

 

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