The Global Intraocular Lens Market Report is a compilation of comprehensive research studies of various aspects of the Intraocular Lens Market. With accurate data and highly authentic information, a brilliant attempt is made to paint a true, transparent picture of the current and future situations of the global Intraocular Lens market. Market participants can use this powerful tool when creating effective business plans or making major changes to their strategies. The report discusses the growth of the global as well as regional markets. It also throws light on high-growth segments of the global Intraocular Lens market and how they will evolve in the years to come.
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The Global Intraocular Lens Market was valued at USD 3,450.0 Mn in 2022 and is expected to reach US$ 4,509.0 Mn by 2030.. Abbott Medical Optics Inc., Adoptics AG, AkkoLens International BV, Alcon, Inc., Anew Optics, Inc., Bausch & Lomb Inc., Calhoun Vision, Inc., Clarvista Medical, Inc., Elenza, Inc., Eye4Vision Ophthalmics International and EyeKon Medical Inc. amongst others.
An intraocular lens is an implantation that is made inside the eye of the patient, which is an artificial lens. The lens is a minute artificial lens used to replace the eye’s natural lens that is removed during the cataract surgery, this lens is called as an intraocular lens (IOL). At the point when the natural lens of the eye is removed, it loses the capacity to focus on any object. Various premium lenses have been approved by U.S. Food and Drug Administration (FDA) for use by cataract surgeons.
Due to increase in occurrences and frequency of cataracts and other age-related eye disorders, there is an increasing demand for the lenses. According to the World Health Organization, cataract is a major global concern, which is the leading cause of visual impairment. Increase in prevalence of cataract has increased the demand for intraocular lens globally. According to the Vision Council, around 76.2% grown-ups in the U.S. underwent vision correction surgery in 2015, and roughly 22.1% of the grown-ups expressed that they need vision correction.
Government initiatives and awareness programs to eliminate avoidable blindness are together expected to propel the demand for intraocular lens market in the Asia-Pacific region. For instance, in 2011, Lions Clubs International Foundation (LCIF) partnered with Peoples Republic of China with an aim to start a new phase of their campaign in China known as SightFirst China Action (SFCA), formed in 1997, which focuses at preventing blindness. This foundation contributed more than $30.8 million for more than 5 million cataract surgeries and upgradation of 300 eye care institutions. Moreover, the Chinese government subsidized more than $200 million to support their campaign.
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Intraocular Lens Market By Type (Monofocal Intraocular Lens, Blue Light Filtering Intraocular Lens, Phakic Intraocular Lens, Aspheric Intraocular Lens {Toric Intraocular Lens, Multifocal Intraocular Lens, Accommodating Intraocular Lens, Others}); By Material (Polymethylmethacrylate (PMMA), Silicone, Hydrophobic Acrylic); By End-Use Industry (Hospitals, Ambulatory Surgery Centers, Ophthalmology Clinics, Eye Research Institutes); By Regional Outlook (U.S., Rest Of North America, France, UK, Germany, Spain, Italy, Rest Of Europe, China, Japan, India, Southeast Asia, Rest Of Asia Pacific, GCC Countries, Southern Africa, Rest Of MEA, Brazil, Rest Of Latin America) – Global Insights, Industry Trends, Price Trends, Growth, Size, Supply, Demand, Comparative Analysis, Competitive Market Share And Forecast, 2017-2025, 2022-2030
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