Monofocal IOLs segment to dominate the United States Intraocular Lens (IOLs) Market
Increase in number of
cataract surgeries and high healthcare investments is expected to drive the United
States intraocular lens (IOLs) market for the forecast period.
According to TechSci Research report, “United
States Intraocular Lens (IOLs) Market By Type (Monofocal IOLs, Premium
IOLs, Others) By Material (Hydrophobic/ Hydrophilic Acrylic IOLs, Silicone,
PMMA) By End User (Hospitals & Clinics, Ambulatory Care Centers, Others) By
Company, By Region, Forecast & Opportunities, 2026”, The United States intraocular
lens (IOLs) market is expected to witness significant growth in the next five
years. Intraocular lens is a type of prosthetic lens and are used in cataract
surgery. Rise in demand for procedure known as refraction lens exchange in
which lens is placed over the natural lens before the development of cataract. Concentric
rings are etched over the surface of intraocular lens which allows images to
focus sharply over the retina from a variety of distances. Standard lenses are
not able to correct ocular disorder known as astigmatism which disables the
patient to see clearly and require eyeglasses for vision correction. Intraocular
lens offers the advantage of astigmatism and variety of vision correction
available thereby giving freedom from spectacles. Intraocular lenses reduce the
need for reading or computer eyeglasses after the cataract surgery is
performed. These lenses widen the range of vision and people no longer need the
supportive of corrective lenses. Surge in healthcare expenditure capacity of
people to afford quality treatment as patients have high expectation regarding
preference for improved vision is expected to accelerate the growth of the
intraocular lens market. Intraocular lenses provide patients the freedom along
with renewed sight. Increasing presence of intuitions providing financial aid
and human resources to eye care centers for example, “Unite for Sight” is one
such organization is expected to bolster the intraocular lenses market for the
next five years.
The COVID-19 outbreak across the world which has been
declared as pandemic by World Health Organization has affected countries
adversely. Leading authorities in United States imposed lockdown restrictions
and released a set of precautionary measures to contain the spread of novel
coronavirus. Coronavirus affected patients started suffering from shortness of
breath along with coughing and sneezing. United States authorities increased
the capacity of hospitals as a greater number of patients were getting affected
daily and getting admitted into the hospital facilities. Rise in the
cancellation of elective surgeries and less preference of patients to stay in
hospitals after cataract surgeries led to intraocular lenses market decline.
However, inability of intraocular lens to correct or
improve the intermediate vision may create hindrance in the growth of the intraocular
lens (IOLs)s market.
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United
States intraocular lens (IOLs) market is segmented into type, material, end
user, regional distribution, and company. Based on type, market can be further
divided into monofocal IOLs, premium IOLs, and others. The monofocal IOLs
segment is expected to dominate the intraocular lenses market for the forecast
period, 2022-2026. Premium IOLs can be fragmented into multifocal, toric and other
type of intraocular lens. Low cost of monofocal lenses and developed healthcare
infrastructure is fostering the high demand for monofocal lenses. Based on material,
market can be divided into hydrophobic/ hydrophilic acrylic IOLs, silicone, and
PMMA. The hydrophobic/ hydrophilic acrylic IOLs segment is expected to hold
major market share for the next five years owing to its lower water content and
high refractive index. These can be widely used in cataract surgeries as they
could be inserted through small incisions.
Johnson
& Johnson, Alcon, Inc., Bausch Health Companies, Inc., Carl Zeiss Inc.,
STAAR Surgical Company, EyeKon Medical, Inc, Lenstec, Inc., Opthalmic Solution
Inc., Ellis Ophthalmic Technologies Inc., Rayner Intraocular Lenses USA are the
leading players operating in United States intraocular lens (IOLs) market. Manufacturers
are increasingly focusing on research and development process to fuel higher
growth in the market. To meet evolving customer demand with respect to better
efficiency and durability, several intraocular lens (IOLs) manufacturers are
coming up with their technologically advanced offerings.
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“Market
players are investing huge amounts for innovations and technological
advancements to upgrade the existing infrastructure. Adoption of advanced
cataract surgery technology such as phacoemulsification, laser-assisted
cataract surgery, robotic cataract surgery, femtosecond lasers in addition with
use of three-dimensional technology and eye-tracking technology for effective
treatment of eyes is expected to propel the demand for intraocular lenses for
the next five years. Favorable reimbursement policies and prevalence of eye
related disorders is further boosting the United States intraocular lenses
market growth until 2026” said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“United States
Intraocular Lens (IOLs) Market By Type (Monofocal IOLs, Premium IOLs, Others)
By Material (Hydrophobic/ Hydrophilic Acrylic IOLs, Silicone, PMMA) By End User
(Hospitals & Clinics, Ambulatory Care Centers, Others) By Company, By
Region, Forecast & Opportunities, 2026” has
evaluated the future growth potential of United States intraocular lens (IOLs)
market and provided statistics & information on market size, shares, structure
and future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in the of United States intraocular
lens (IOLs) market.
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