Industry Background:
Aphakia is the nonappearance of the lens of the eye, due to surgical removal, a perforating wound or ulcer, or congenital anomaly. It causes a loss of accommodation, farsightedness (hyperopia), and a deep anterior chamber. Complications such as the detachment of the vitreous or retina and glaucoma. This condition is most common in adults with cataracts, but it can also affect infants and children. Aphakia is a condition in which there is an absence or dislocation of the crystalline eye lens from its normal position in the pupillary area. It occurs due to the presence of diseases such as congenital or trauma conditions or after surgery for cataract removal. This condition is most common in adults with cataracts. However, this condition can also affect infants and children.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | Johnson&JohnsonServices,Inc. (United States), OphtecBV (Netherland), Novartis (Switzerland), Rayner (United Kingdom), Bohus BioTech AB (Sweden), Lifecore Biomedical (United States), Aetna Inc. (United States), The Cooper Companies Inc. (United States), Menicon (Japan) and Labtician Ophthalmics, Inc. (Canada) |
This growth is primarily driven by Growing demand for treatment of the ophthalmic disease and Increased geriatric population.
Globally, a noticeable market trend is evident
Major Players, such as Johnson&JohnsonServices,Inc. (United States), OphtecBV (Netherland), Novartis (Switzerland), Rayner (United Kingdom), Bohus BioTech AB (Sweden), Lifecore Biomedical (United States), Aetna Inc. (United States), The Cooper Companies Inc. (United States), Menicon (Japan) and Labtician Ophthalmics, Inc. (Canada), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The global Aphakia market is fragmented by numerous key players. The intensity of rivalry appears to be high in this market as competitors are numerous and the products are undifferentiated. Major companies in this market are constantly working towards introducing innovative products and lowering production costs in order to enhance profitability.
Key Developments in the Market:
In February 2022, Rayner partnered with Wolffsohn Research Ltd to accelerate the development of Digitalized Health platform. This partnership strengthened its presence in aphakia market by enhancing their digital platform
In February 2019 Johnson & Johnson Vision Announces the launch of its TECNIS Eyhance IOL to treat cataracts in Europe. The TECNIS Eyhance IOL, model ICB00, is pointed to for the visual correction of aphakia in adult patients in whom a cataractous lens has been removed by extracapsular cataract extraction.
Market Growth Drivers:
Growing demand for treatment of the ophthalmic disease and Increased geriatric population
Challenges:
Poor cosmetic appearance and Less treatment availability
Restraints:
Restrictive field of vision and Lack of a number of professionals
Opportunities:
Rapid development in the healthcare sector and rising geriatric population and technological advancement in the healthcare sector fuel
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Aphakia Market
- Analysis about New Entrants in Aphakia Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Aphakia Study Sheds Light on
The Aphakia Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Aphakia industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Aphakia industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.