Pune, India -- (SBWIRE) -- 04/11/2019 -- Our latest research report entitled Intraocular Lens Market (by-product (monofocal iol, multifocal iol, toric iol and accommodative iol), material (polymethyl methacrylate (PMMA), silicone and hydrophobic acrylic) and end-user (hospitals, ophthalmic clinics, ambulatory surgery centers and eye research institutes)) Industry Analysis, Trends, Market Size and Forecasts up to 2024 provides complete and deep insights into the market dynamics and growth of intraocular lens. Latest information on market risks, industry chain structure intraocular lens cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential Intraocular Lens growth factors.

The forecast intraocular lens market information is based on the present market situation, growth opportunities, development factors, and opinion of the industry experts. An in-depth analysis of the company profiles, Intraocular Lens on a global and regional level and applications is conducted. The analysis of downstream buyers, sales channel, raw materials, and industry verticals is offered in this report. According to the report, the global intraocular lens market is projected to grow at a CAGR of 5% over the forecast period of 2018-2024.

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Technological Innovation to Promote Growth in the Intraocular Lenses Market Over 2018 to 2024

According to the World Health Organization (WHO), nearly 7 million to 12 million cataract operations were performed in the year 2000 and 20 million cataract operation was performed in 2010. By the year 2020, cataract surgeries are anticipated to reach 32 million annually. The major factor such as rising geriatric population ocular conditions, the incidence of cataracts is some of the key factors, driving growth in this market. Additionally, an initiative taken by the government to remove avoidable blindness growing among the aged population across the world are expected to fuel the growth of intraocular lens market. Moreover, the technological innovation in the intraocular lens is also responsible for enhancing the growth of this market. Going further growing number of vision correction procedure such as LASIK, cataract surgeries and others is responsible for significant growth in the intraocular market. However, the lack of proper coverage for premium IOLs and high cost related to a surgical procedure are hindering the growth of intraocular lens market. In the near future, accessibility of advanced technologies such as micro-incision cataract surgery and femtosecond lasers may provide huge growth opportunities for the key players in the intraocular lens market.

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North America to Dominate the Global Intraocular Lenses Market Through 2018-2024

North America is holding a leading region among other geographies in the intraocular lens market and is expected to dominate throughout the forecast period. Improved reimbursements policies, rising the incidence of cataracts and government entities to set up eye care facilities have contributed to the growth in this market in the North America region. The Asia Pacific accounted for the fastest growing in terms of revenue over the upcoming year. Developing countries such as India and China are anticipated to be the fastest growing economies in the Asia Pacific region. Owing to the huge patient pool and growing the healthcare industry.

The leading companies in the market are Abbott Medical Optics, Carl Zeiss Meditec AG, Bausch & Lomb, Inc., Alcon (Novartis AG), Calhoun Vision, Inc., Staar Surgical Company, Hoya Surgical Optics, Rayner Intraocular Lenses Limited, Oculentis GmbH. Some Key players investing in merger and acquisition for the expanded product portfolio.

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Mergers and Acquisitions to Remain Key Expansion Strategies of the Leading Players in the Intraocular Lenses Market between 2018-2024

In April 2017, Johnson & Johnson Acquires Abbott Medical Optics

The acquisition includes ophthalmic products in the cataract surgery, laser refractive surgery and consumer eye health areas of patient care. Johnson & Johnson Vision Care is a manufacturer of disposable contact lenses. Abbott Medical Optics is an ophthalmic medical supply company.

In August 2017, Veracity Innovations Acquired by Carl Zeiss Meditec

Veracity Innovations is a provider of a cloud-based platform for cataract surgical planning, management and analysis. Carl Zeiss Meditec AG is a multinational medical technology company.

In June 2018, Bausch + Lomb Announces Us Launch of Soothe® Xtra Protection Preservative-Free Lubricant Eye Drops

Bausch + Lomb, a leading global eye health company, today announced the introduction of Soothe® Xtra Protection (XP) Preservative Free lubricant eye drops, expanding its portfolio of eye health products to meet the growing demand for dry eye symptom relief without the use of preservatives. One of the most common eye conditions in the U.S., dry eye affects more than 140 million Americans.

Reasons to Buy this Report:

- Comprehensive analysis of global as well as regional markets of the Intraocular Lens.

- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.

- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.

- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.