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| Title | Contact and Intraocular Lenses Market Rate, Demand, Insights, Analysis, Competitive Landscape |
|---|---|
| Category | Fitness Health --> Medicine |
| Meta Keywords | Contact and Intraocular Lenses Market |
| Owner | vinit |
| Description | |
| Market Highlights Global Contact
and Intraocular Lenses Market is expected to register a CAGR of 5.7%
during the forecast period, with a market value of USD 14,317.24 Million by
2027. An intraocular lens is a medical device implanted inside the
eye to replace the natural lens of the eye when it is removed during cataract
surgery. The contact lens is a thin plastic lens placed directly on the surface
of the eye to correct visual defects. The increasing prevalence of several
ocular disorders, technological advancements & innovations, and rapidly
changing lifestyles are expected to drive the growth of the global contact and
intraocular lenses market. However, factors such as the complications related
to contact and intraocular lenses and alternatives of contact lenses are
expected to restrict the market growth during the forecast period. Strong
product demand to change aesthetic appearance (cosmetic lenses) is expected to
allow the global contact & intraocular lenses market. Regional Analysis The global contact and intraocular lenses market, based on
region, has been divided into the Americas, Europe, Asia-Pacific, and the
Middle East & Africa. The Americas spearheaded the contact and intraocular lenses
market in 2019 and is likely to continue to command during the assessment
period. This can be attributed to the high numbers of cataract surgeries,
mergers & acquisitions, and product launches. According to the National Eye
Institutes (NEI), an estimated 24.4 million are likely to suffer from cataracts
in 2020 and is expected to reach double digit by 2050. Similarly, product launches will boost the growth of the
market in this region. In December 2019, Johnson & Johnson Services, Inc.
launched Tecnis Toric II 1-Piece Intraocular Lens (IOL) in the US. This product
launch helped the company to strengthen its position in the IOL market. The
product launches will boost the growth of the market during the forecast
period. The contact and intraocular lenses market in Asia-Pacific
has been segmented into China, India, Japan, South Korea, Australia, and the
Rest of Asia-Pacific. The Middle East & Africa contact and intraocular
lenses market has been divided into the Middle East and Africa. The contact and
intraocular lenses market in the Middle East and Africa is growing steadily for
the past few years. In the Middle East, the adoption rate of newer diagnostic
instruments was high in countries such as South Africa, the UAE, and Saudi
Arabia. With the increasing strategic initiatives by private and public firms
and organizations, the growth rate is expected to rise in the next few years. Key Players MRFR recognizes the following companies as the Key
Players in the Global Contact and Intraocular Lenses Market— Johnson
& Johnson Services, Inc. (New Jersey, US), Bausch & Lomb Incorporated
(New York, US), Alcon (Geneva, Switzerland), Hoya Corporation (Shinjuku City,
Tokyo, Japan), Carl Zeiss Meditec AG (Jena, Germany), Staar Surgical
(California, US), HumanOptics AG (Bavaria, Germany), Nidek Co., Ltd (Aichi,
Japan, PhysIOL (Liege, Belgium), and The Cooper Companies, Inc. (California,
US). Key Findings of the Study
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