About Contact and Intraocular Lenses
Contact lenses are thin, curved lenses that you wear directly on your cornea, the front surface of your eye. They act like corrective eyeglasses, but they rest directly on your eye. Intraocular lenses (IOLs) are artificial lenses that are implanted inside your eye, usually during cataract surgery. A cataract is a clouding of the natural lens of your eye that can cause blurry vision. During cataract surgery, the cloudy lens is removed and replaced with an IOL. IOLs are permanent and do not need to be replaced as often as contact lenses. The Contact and Intraocular Lenses market offers promising growth prospects due to rising demand for vision correction solutions and advancements in lens technology.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The key manufacturers are targeting the innovations of the products with better quality, and better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking about mergers and acquisitions to maintain their presence in the market. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Contact and Intraocular Lenses market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Johnson & Johnson Services, Inc. (United States), Bausch & Lomb Incorporated (United States), Alcon (Switzerland), Hoya Corporation (Japan), Carl Zeiss Meditec AG (Germany), Staar Surgical (United States), HumanOptics AG (Germany), Nidek Co., Ltd. (Japan), Physiol (Belgium) and The Cooper Companies, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are CooperVision, Inc. (United States), EssilorLuxottica (France), Menicon Co., Ltd. (Japan), SEED Co., Ltd. (Japan) and Santen Pharmaceutical Co., Ltd. (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Contact and Intraocular Lenses market by Type (Contact Lenses (Soft Contact Lenses, Rigid Gas Permeable (RGP) Contact Lenses, Extended Wear Contact Lenses, Disposable Contact Lenses, Others) and Intraocular Lenses (Monofocal Lenses, Multifocal Lenses, Toric Lenses, Extended Depth of Focus (EDOF) Lenses, Others)), Application (Hospitals, Specialty Clinics and Others) and Region.
On the basis of geography, the market of Contact and Intraocular Lenses has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Material, the sub-segment i.e. Hydrophobic Acrylic will boost the Contact and Intraocular Lenses market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Demand for Advanced IOLs
Market Growth Drivers:
Rising Demand for Improved Vision and Increase in the Prevalence of Age-Related Eye Diseases
Challenges:
Alternatives to Contact Lenses
Restraints:
High Cost of Lenses
Opportunities:
Growing Demand for Premium Lenses and Technological Advancements
Market Leaders and their expansionary development strategies
In January 2023, Bausch & Lomb acquired AcuFocus which is an ophthalmic medical device company that has delivered breakthrough small aperture intraocular technology to address diverse unmet needs in eye care.
In February 2024, Johnson & Johnson MedTech, a global leader in eye health, launched its TECNIS PureSee purely refractive presbyopia-correcting lens in EMEA. The TECNIS PureSee IOL features a proprietary, purely refractive design that delivers uninterrupted, high-quality, vision with high best-in-category contrast and low-light performance, comparable to a monofocal IOL.
Key Target Audience
Manufacturer, Government Bodies, Research Center, Potential Investors, Suppliers & Distributors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.