The North America Intraocular Lens Market would witness market growth of 4.6% CAGR during the forecast period (2021-2027).
Cataract surgery has become fully refractive owing to technical advancements and innovations in this sector. Monofocal IOLs lead the market because to their cost-effectiveness and conducive reimbursement regulations, followed by toric and multifocal IOLs. Newer IOLs, including as trifocal, quadrifocal, extended depth-of-focus (EDOF), and customizable IOLs, have contributed to spectacle-free vision at all distances, as well as improved optics and aberration profiles. Increased demand for premium patient-pay lenses is likely to propel the industry growth.
In order to promote the industry, several government programmes to eradicate cataracts have been developed. Cataracts are becoming more common in many countries, posing a financial and health danger. As a result, the government has implemented a variety of cataract-prevention initiatives. Vision 2020 is a global campaign launched by the International Agency for the Prevention of Blindness with the objective of eradicating the primary causes of avoidable blindness
The rising prevalence of visual impairment caused by increased use of laptops, computers, cellphones, and other electronic devices is predicted to drive regional product demand. Factors like as an ageing population and the development of presbyopia are projected to enhance the regional spectacles industry. Huge disposable incomes, fueled by the presence of well-known brands in the area, are among the key drivers driving this industry's rise. Furthermore, the key element that fuels product penetration is long-term usage of electronics combined with a hurried lifestyle.
The prevalence of cataract is rising, which is expected to move the market forward throughout the forecast period. In addition to age-related cataracts, the market is predicted to develop due to an increase in incidence of congenital cataracts. As per the National Eye Institute, the number of persons with cataracts in the United States is anticipated to treble from 24.4 million to almost 50 million by 2050.
The US market dominated the North America Intraocular Lens Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,284.1 Million by 2027. The Canada market is experiencing a CAGR of 7% during (2021 - 2027). Additionally, The Mexico market would exhibit a CAGR of 6.1% during (2021 - 2027).
Based on End-use, the market is segmented into Hospitals, Ophthalmic Clinics, Eye Research Institutes, and Ambulatory Surgery Centers. Based on Product, the market is segmented into Multifocal, Monofocal, Toric, and Accommodative. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Intraocular Lens Market is Estimated to reach $5.1 Billion by 2027, at a CAGR of 5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include EyeKon Medical, Inc., Lenstec, Inc., HumanOptics AG, STAAR Surgical Company, Rayner Intraocular Lenses Limited, Bausch Health Companies, Inc., Carl Zeiss AG, Johnson & Johnson (Johnson & Johnson Vision Care, Inc.), Hoya Corporation, and Alcon, Inc.
Scope of the Study
Market Segments Covered in the Report:
By End-Use
- Hospitals
- Ophthalmic Clinics
- Eye Research Institutes
- Ambulatory Surgery Centers
By Product
- Multifocal
- Monofocal
- Toric
- Accommodative
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- EyeKon Medical, Inc.
- Lenstec, Inc.
- HumanOptics AG
- STAAR Surgical Company
- Rayner Intraocular Lenses Limited
- Bausch Health Companies, Inc.
- Carl Zeiss AG
- Johnson & Johnson (Johnson & Johnson Vision Care, Inc.)
- Hoya Corporation
- Alcon, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Intraocular Lens Market, by End-Use
1.4.2 North America Intraocular Lens Market, by Product
1.4.3 North America Intraocular Lens Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Strategies Deployed in Intraocular Lens Market
Chapter 4. North America Intraocular Lens Market by End-use
4.1 North America Hospitals Market by Country
4.2 North America Ophthalmic Clinics Market by Country
4.3 North America Eye Research Institutes Market by Country
4.4 North America Ambulatory Surgery Centers Market by Country
Chapter 5. North America Intraocular Lens Market by Product
5.1 North America Multifocal Market by Country
5.2 North America Monofocal Market by Country
5.3 North America Toric Market by Country
5.4 North America Accommodative Market by Country
Chapter 6. North America Intraocular Lens Market by Country
6.1 US Intraocular Lens Market
6.1.1 US Intraocular Lens Market by End-use
6.1.2 US Intraocular Lens Market by Product
6.2 Canada Intraocular Lens Market
6.2.1 Canada Intraocular Lens Market by End-use
6.2.2 Canada Intraocular Lens Market by Product
6.3 Mexico Intraocular Lens Market
6.3.1 Mexico Intraocular Lens Market by End-use
6.3.2 Mexico Intraocular Lens Market by Product
6.4 Rest of North America Intraocular Lens Market
6.4.1 Rest of North America Intraocular Lens Market by End-use
6.4.2 Rest of North America Intraocular Lens Market by Product
Chapter 7. Company Profiles
7.1 EyeKon Medical, Inc.
7.1.1 Company Overview
7.2 Lenstec, Inc.
7.2.1 Company Overview
7.3 HumanOptics Holding AG
7.3.1 Company Overview
7.4 STAAR Surgical Company
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Regional Analysis
7.4.4 Research & Development Expenses
7.5 Rayner Intraocular Lenses Limited
7.5.1 Company Overview
7.5.2 Recent Strategies and Developments:
7.5.2.1 Product Launches and Product Expansions:
7.6 Bausch Health Companies, Inc.
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expense
7.6.5 Recent Strategies and Developments:
7.6.5.1 Product Launches and Product Expansions:
7.7 Carl Zeiss AG
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Regional & Segmental Analysis
7.7.4 Research & Development Expense
7.8 Johnson & Johnson (Johnson & Johnson Vision Care, Inc.)
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental &Regional Analysis
7.8.4 Research & Development Expenses
7.8.5 Recent Strategies and Developments:
7.8.5.1 Product Launches and Product Expansions:
7.9 Hoya Corporation
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Segmental &Regional Analysis
7.9.4 Research & Development Expenses
7.10. Alcon, Inc.
7.10.1 Company Overview
7.10.2 Financial Analysis
7.10.3 Segmental and Regional Analysis
7.10.4 Research & Development Expense
7.10.5 Recent Strategies and Developments:
7.10.5.1 Partnerships, Collaborations, and Agreements:
7.10.5.2 Product Launches and Product Expansions:
TABLE 1 North America Intraocular Lens Market, 2017 - 2020, USD Million
TABLE 2 North America Intraocular Lens Market, 2021 - 2027, USD Million
TABLE 3 North America Intraocular Lens Market by End-use, 2017 - 2020, USD Million
TABLE 4 North America Intraocular Lens Market by End-use, 2021 - 2027, USD Million
TABLE 5 North America Hospitals Market by Country, 2017 - 2020, USD Million
TABLE 6 North America Hospitals Market by Country, 2021 - 2027, USD Million
TABLE 7 North America Ophthalmic Clinics Market by Country, 2017 - 2020, USD Million
TABLE 8 North America Ophthalmic Clinics Market by Country, 2021 - 2027, USD Million
TABLE 9 North America Eye Research Institutes Market by Country, 2017 - 2020, USD Million
TABLE 10 North America Eye Research Institutes Market by Country, 2021 - 2027, USD Million
TABLE 11 North America Ambulatory Surgery Centers Market by Country, 2017 - 2020, USD Million
TABLE 12 North America Ambulatory Surgery Centers Market by Country, 2021 - 2027, USD Million
TABLE 13 North America Intraocular Lens Market by Product, 2017 - 2020, USD Million
TABLE 14 North America Intraocular Lens Market by Product, 2021 - 2027, USD Million
TABLE 15 North America Multifocal Market by Country, 2017 - 2020, USD Million
TABLE 16 North America Multifocal Market by Country, 2021 - 2027, USD Million
TABLE 17 North America Monofocal Market by Country, 2017 - 2020, USD Million
TABLE 18 North America Monofocal Market by Country, 2021 - 2027, USD Million
TABLE 19 North America Toric Market by Country, 2017 - 2020, USD Million
TABLE 20 North America Toric Market by Country, 2021 - 2027, USD Million
TABLE 21 North America Accommodative Market by Country, 2017 - 2020, USD Million
TABLE 22 North America Accommodative Market by Country, 2021 - 2027, USD Million
TABLE 23 North America Intraocular Lens Market by Country, 2017 - 2020, USD Million
TABLE 24 North America Intraocular Lens Market by Country, 2021 - 2027, USD Million
TABLE 25 US Intraocular Lens Market, 2017 - 2020, USD Million
TABLE 26 US Intraocular Lens Market, 2021 - 2027, USD Million
TABLE 27 US Intraocular Lens Market by End-use, 2017 - 2020, USD Million
TABLE 28 US Intraocular Lens Market by End-use, 2021 - 2027, USD Million
TABLE 29 US Intraocular Lens Market by Product, 2017 - 2020, USD Million
TABLE 30 US Intraocular Lens Market by Product, 2021 - 2027, USD Million
TABLE 31 Canada Intraocular Lens Market, 2017 - 2020, USD Million
TABLE 32 Canada Intraocular Lens Market, 2021 - 2027, USD Million
TABLE 33 Canada Intraocular Lens Market by End-use, 2017 - 2020, USD Million
TABLE 34 Canada Intraocular Lens Market by End-use, 2021 - 2027, USD Million
TABLE 35 Canada Intraocular Lens Market by Product, 2017 - 2020, USD Million
TABLE 36 Canada Intraocular Lens Market by Product, 2021 - 2027, USD Million
TABLE 37 Mexico Intraocular Lens Market, 2017 - 2020, USD Million
TABLE 38 Mexico Intraocular Lens Market, 2021 - 2027, USD Million
TABLE 39 Mexico Intraocular Lens Market by End-use, 2017 - 2020, USD Million
TABLE 40 Mexico Intraocular Lens Market by End-use, 2021 - 2027, USD Million
TABLE 41 Mexico Intraocular Lens Market by Product, 2017 - 2020, USD Million
TABLE 42 Mexico Intraocular Lens Market by Product, 2021 - 2027, USD Million
TABLE 43 Rest of North America Intraocular Lens Market, 2017 - 2020, USD Million
TABLE 44 Rest of North America Intraocular Lens Market, 2021 - 2027, USD Million
TABLE 45 Rest of North America Intraocular Lens Market by End-use, 2017 - 2020, USD Million
TABLE 46 Rest of North America Intraocular Lens Market by End-use, 2021 - 2027, USD Million
TABLE 47 Rest of North America Intraocular Lens Market by Product, 2017 - 2020, USD Million
TABLE 48 Rest of North America Intraocular Lens Market by Product, 2021 - 2027, USD Million
TABLE 49 key information – EyeKon Medical, Inc.
TABLE 50 Key Information – Lenstec, Inc.
TABLE 51 Key Information – HumanOptics Holding AG
TABLE 52 Key Information – STAAR Surgical Company
TABLE 53 Key information – Rayner Intraocular Lenses Limited
TABLE 54 key information – Bausch Health Companies, Inc.
TABLE 55 Key Information – Carl Zeiss AG
TABLE 56 Key information –Johnson & Johnson
TABLE 57 Key Information – Hoya Corporation
TABLE 58 key information – Alcon, Inc.
List of Figures
FIG 1 Methodology for the research