According to SPER Market Research, the Intraocular Lens Market is estimated to reach USD 6.86 billion by 2032 with a CAGR of 5.02%. The Intraocular Lens Market predict that with more people experiencing eye difficulties, the market for intraocular lenses is growing. Eye disorders including macular degeneration, glaucoma, and cataracts can affect vision. One kind of prosthetic eye lens is an intraocular lens. When cataract surgery removes the natural lens of the eye, it replaces it. Most persons who spend too much time in front of screens when under COVID-19 lockdown have eyesight issues. In the future years, dry eye disease will impact nearly half of the world’s population. Because of our busy lives, eye loss events have been increasing on a global scale. Therefore, the rising incidence of eye diseases will be what drives the market for intraocular lenses.
Intraocular Lens Market Overview (2022-2032)
- Forecast CAGR (2022-2032): 5.02%
- Forecast Market Size (2032): 6.86 billion
People with cataracts and other eye conditions were reluctant to seek quick care during the Covid-19 epidemic because of the risk of cross-contamination in hospitals and clinics. Many ophthalmologists had to temporarily shut down their practises. Hospitals and eye clinics saw a significant drop in patients visits. A key authoritative study found that during the outbreak, fewer people visited eye hospitals. As a result, the market for intraocular lenses suffered from a decline in demand. The COVID-19 effect, which had previously resulted in restrictive confinement measures including social isolation, remote work, and the closure of commercial transactions that generated operational difficulties, has caused enterprises to restart and adapt to the new normal, which is largely responsible for the market’s expansion.
Impact of COVID-19 on the Intraocular Lens Market
Because of the possibility of cross-contamination in hospitals and clinics during the Covid-19 outbreak, people with cataract and other eye-related problems were reluctant to seek prompt care. Numerous ophthalmologists were forced to temporarily close their practices. The number of visits to eye clinics and hospitals considerably decreased. According to a significant authority research, the number of patients visiting eye hospitals decreased throughout the epidemic. In consequence, this decreased the demand for intraocular lenses and had a detrimental effect on the intraocular lens market.The market’s expansion is primarily attributable to businesses starting up again and adjusting to the new normal as they recover from the COVID-19 effect, which had previously resulted in restrictive containment measures like social isolation, remote work, and the closure of business transactions that created operational difficulties.
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Intraocular Lens Market Key Segments Covered
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2032. This report contains statistics on product type segment growth estimates and forecasts.
- Monofocal Intraocular Lens
- Premium Intraocular Lens
- Toric Intraocular Lens
- Accommodating Intraocular Lens
- Blue Light Filtering
- Hydrophobic Acrylic Material
- Hydrophilic Acrylic Material
By End User:
- Ambulatory Surgery Centers
- Ophthalmology Clinics
- Eye Research Institute
- Middle East & Africa
- North America
- South America
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Intraocular Lens Market Key Players:
The Intraocular Lens Market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Accu-Lens Inc, Alcon (Novartis), Bausch & Lomb Incorporated, Carl Zeiss Meditec AG (ZEISS International), ClarVista, Conforma, Cooper Companies, EyeKon Medical, Inc., Hoya Corporation, HumanOptics AG, InnoVision, Johnson and Johnson Vision Care, Inc., Lenstec, Inc., Mediphacos, Menicon Group, Morcher GmbH, Rayner Intraocular Lens Ltd., STAAR Surgical Company.
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