The global intraocular lens market is growing at a significant rate, due to the mounting occurrence of eye diseases such as cataracts, and age-related macular degeneration, and technological innovation in intraocular lenses.

On the basis of material the market is subdivided into the foldable intraocular lens, and PMMA intraocular lens. Of all the materials, the foldable intraocular lens accounted foremost share and is expected to grow at the fastest rate in the intraocular lens market due to its benefits such as need smaller incisions for insertion and decreases the threat of post-operative mistakes in the eye.

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The mounting occurrence of eye diseases such as cataracts, diabetic retinopathy and age-related macular degeneration, technological innovation in intraocular lenses, and government alertness initiatives to manage and control blindness are the primary growth drivers for intraocular lens market.

Expanding geriatric population, the escalating number of blindness cases, the upsurge in healthcare spending, and mounting occurrence of lifestyle associated diseases such as diabetes and obesity are also facilitating the growth for the intraocular lens market.

North America is the largest intraocular lens market as in the region the occurrence of eye diseases such as cataract and age-related macular degeneration is increasing. Asia-Pacific is observed to witness the fastest growth in the market, due to expanding the geriatric population.

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Key players in the intraocular lens market are catering to the demand of these devices by investing in technologically advanced products in their product portfolio across the globe.

Valeant Pharmaceuticals International, Inc., Novartis AG, STAAR Surgical Company, Johnson & Johnson, Rayner Intraocular Lenses, OPHTEC BV, Carl Zeiss Meditec AG, SAV IOL, Hoya Corporation, Physiol, and Oculentis GmbH are the key players offering intraocular lens.

Source: VynZ Research