According to the report, Technological Advancements in Monofocal IOLs is one of the primary growth factors for the market. Rising Prevalence of Eye Diseases
is also expected to contribute significantly to the Monofocal IOL market. Overall, Hospitals
applications of Monofocal IOL, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Material, such as Polymethyl Methacrylate (PMMA), is boosting the Monofocal IOL market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Monofocal IOL market identified that the demand is rising in many different parts of the world as "Untapped Potential of Emerging Markets". Furthermore, some recent industry insights like "On 18 March 2019, Alcon, the global leader in eye care and a division of Novartis, announced that it has acquired PowerVision, Inc., a privately-held, the United States-based medical device Development Company focused on creating fluid-based intraocular lens implants. This acquisition is expected to strengthen the company’s position in IOL’s offerings." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Monofocal IOL market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Monofocal IOL market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall market size is calculated using market estimation process, the market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the market size has been validated using both top-down and bottom-up approaches.