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Intraocular lenses (IOL) are the medical devices implanted inside the eye to replace the natural eye lens; to treat cataract or refractive errors. Monofocal IOLs are standard lenses used in cataract surgery. They are primarily performed on older people that are already entirely presbyopic. Monofocal IOL is an intraocular lens with a fixed focus for one distance. They can be selected for near, moderate distance, or distant focus, but only one of these three can be chosen. It focuses light that comes into your eye (like your own natural lens) through your cornea and pupil and onto your retina. Monofocal intraocular lens is constructed of silicone or acrylic and coated with a material to protect your eyes from UV rays.
MARKET DYNAMICS
The monofocal intraocular lens market has shown a significant evolution over the forecast period. The key driving factors include the rapid growth in the geriatric population and associated eye disorders and the increasing prevalence of eye diseases & diabetes in the overall population globally. The increase in the majority of cataracts has increased the demand for intraocular lenses globally. In 2015, according to the Vision Council, around 76.2% of adults in the U.S. underwent vision correction surgery, and about 22.1% of the adults expressed that they need vision correction. Moreover, the rising rate of diabetic retinopathy is creating lucrative opportunities for the development of the market. As per the National Eye Institute, the United States recorded 7.7 million diabetic retinopathy cases and 24 million cataract cases, and it is expected to reach 11.3 million and 38 million, respectively, by 2030. Various government initiatives and awareness programs to eliminate avoidable blindness are together likely to propel the demand for a monofocal intraocular lens. For instance, in 2011, Lions Clubs International Foundation (LCIF), in partnership with the People's Republic of China, initiated a new phase of their campaign in China known as SightFirst China Action (SFCA), which aims at preventing blindness. However, unfavorable reimbursement scenario for premium lens and postoperative complications such as refractive errors are expected to impede the monofocal intraocular lens market growth.
MARKET SCOPE
The "Monofocal Intraocular Lens Market Analysis to 2028" is a specialized and in-depth study of the medical device in the healthcare industry, focusing on the global market trend analysis. This report provides an outline of the monofocal intraocular lens market with detailed market segmentation by product, material, and end-user. The monofocal intraocular lens market is expected to witness high growth during the forecast period. The report focuses on the vital statistics on the market status of the leading players in the monofocal intraocular lens market and offers key trends and opportunities.
MARKET SEGMENTATION
The market is segmented based on the product, material, and end-user. Based on the product, the market is categorized as spherical and aspherical. Based on the material, the market is segmented as polymethylmethacrylate (PMMA), silicone, hydrophobic acrylic, and others. Based on the end-user, the market is segmented as hospitals, ophthalmology clinics, ambulatory surgical centers, and others.
REGIONAL FRAMEWORK
The report lays out a comprehensive outline of the industry, including both quantitative and qualitative information. The report gives a sketch and forecast of the monofocal intraocular lens market based on various segments. It also comprises of market size and forecast estimates from the year 2020 to2028 concerning five major regions: North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America. The market by each region is then subdivided into respective countries and segments. The report comprises the analysis and forecast of eighteen countries globally and the recent trend and opportunities prevailing in the region.
The report analyzes factors affecting the monofocal intraocular lens market from both the demand and supply side. Moreover, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends.
The report also consists of precise PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South & Central America, after evaluating political, economic, social, and technological factors affecting the monofocal intraocular lens market in these regions.
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MARKET PLAYERS
The report contains critical developments in the monofocal intraocular lens market as organic and inorganic growth strategies. Multiple enterprises focus on organic growth strategies like product approvals, product launches, and others, such as patents and events. Inorganic growth strategies observed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from the monofocal intraocular lens market are anticipated to have profitable growth opportunities in the coming years with the rising demand for the monofocal intraocular lens market in the global market. Given below is the list of few companies engaged in the monofocal intraocular lens market.
The report also provides the profiles of the primary players in the monofocal intraocular lens market, along with their SWOT analysis and market strategies. Additionally, the report elaborates on leading industry players with information on company profiles, components, and services provided, financial information of the last three years, critical development in the past five years.
Alcon Vision LLC
HumanOptics AG
Johnson & Johnson Vision Care, Inc.
HOYA Surgical Optics GmbH
Carl Zeiss Meditec AG
Bausch + Lomb
Ophtec BV
Lenstec, Inc.
Rayner Intraocular Lenses Limited.
SIFI S.p.A
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current study.
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TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Monofocal Intraocular Lens Market - By Product
1.3.2 Monofocal Intraocular Lens Market - By Material
1.3.3 Monofocal Intraocular Lens Market - By End-User
1.3.4 Monofocal Intraocular Lens Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. MONOFOCAL INTRAOCULAR LENS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
6. MONOFOCAL INTRAOCULAR LENS MARKET - GLOBAL MARKET ANALYSIS
6.1. MONOFOCAL INTRAOCULAR LENS - GLOBAL MARKET OVERVIEW
6.2. MONOFOCAL INTRAOCULAR LENS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. MONOFOCAL INTRAOCULAR LENS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. SPHERICAL
7.3.1. Overview
7.3.2. Spherical Market Forecast and Analysis
7.4. ASPHERICAL
7.4.1. Overview
7.4.2. Aspherical Market Forecast and Analysis
8. MONOFOCAL INTRAOCULAR LENS MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL
8.1. OVERVIEW
8.2. MATERIAL MARKET FORECASTS AND ANALYSIS
8.3. POLYMETHYLMETHACRYLATE(PMMA)
8.3.1. Overview
8.3.2. Polymethylmethacrylate(PMMA) Market Forecast and Analysis
8.4. SILICONE
8.4.1. Overview
8.4.2. Silicone Market Forecast and Analysis
8.5. HYDROPHOBIC ACRYLIC
8.5.1. Overview
8.5.2. Hydrophobic Acrylic Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. MONOFOCAL INTRAOCULAR LENS MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
9.1. OVERVIEW
9.2. END-USER MARKET FORECASTS AND ANALYSIS
9.3. HOSPITALS
9.3.1. Overview
9.3.2. Hospitals Market Forecast and Analysis
9.4. OPHTHALMOLOGY CLINICS
9.4.1. Overview
9.4.2. Ophthalmology Clinics Market Forecast and Analysis
9.5. AMBULATORY SURGICAL CENTERS
9.5.1. Overview
9.5.2. Ambulatory Surgical Centers Market Forecast and Analysis
9.6. OTHERS
9.6.1. Overview
9.6.2. Others Market Forecast and Analysis
10. MONOFOCAL INTRAOCULAR LENS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Monofocal Intraocular Lens Market Overview
10.1.2 North America Monofocal Intraocular Lens Market Forecasts and Analysis
10.1.3 North America Monofocal Intraocular Lens Market Forecasts and Analysis - By Product
10.1.4 North America Monofocal Intraocular Lens Market Forecasts and Analysis - By Material
10.1.5 North America Monofocal Intraocular Lens Market Forecasts and Analysis - By End-User
10.1.6 North America Monofocal Intraocular Lens Market Forecasts and Analysis - By Countries
10.1.6.1 United States Monofocal Intraocular Lens Market
10.1.6.1.1 United States Monofocal Intraocular Lens Market by Product
10.1.6.1.2 United States Monofocal Intraocular Lens Market by Material
10.1.6.1.3 United States Monofocal Intraocular Lens Market by End-User
10.1.6.2 Canada Monofocal Intraocular Lens Market
10.1.6.2.1 Canada Monofocal Intraocular Lens Market by Product
10.1.6.2.2 Canada Monofocal Intraocular Lens Market by Material
10.1.6.2.3 Canada Monofocal Intraocular Lens Market by End-User
10.1.6.3 Mexico Monofocal Intraocular Lens Market
10.1.6.3.1 Mexico Monofocal Intraocular Lens Market by Product
10.1.6.3.2 Mexico Monofocal Intraocular Lens Market by Material
10.1.6.3.3 Mexico Monofocal Intraocular Lens Market by End-User
10.2. EUROPE
10.2.1 Europe Monofocal Intraocular Lens Market Overview
10.2.2 Europe Monofocal Intraocular Lens Market Forecasts and Analysis
10.2.3 Europe Monofocal Intraocular Lens Market Forecasts and Analysis - By Product
10.2.4 Europe Monofocal Intraocular Lens Market Forecasts and Analysis - By Material
10.2.5 Europe Monofocal Intraocular Lens Market Forecasts and Analysis - By End-User
10.2.6 Europe Monofocal Intraocular Lens Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Monofocal Intraocular Lens Market
10.2.6.1.1 Germany Monofocal Intraocular Lens Market by Product
10.2.6.1.2 Germany Monofocal Intraocular Lens Market by Material
10.2.6.1.3 Germany Monofocal Intraocular Lens Market by End-User
10.2.6.2 France Monofocal Intraocular Lens Market
10.2.6.2.1 France Monofocal Intraocular Lens Market by Product
10.2.6.2.2 France Monofocal Intraocular Lens Market by Material
10.2.6.2.3 France Monofocal Intraocular Lens Market by End-User
10.2.6.3 Italy Monofocal Intraocular Lens Market
10.2.6.3.1 Italy Monofocal Intraocular Lens Market by Product
10.2.6.3.2 Italy Monofocal Intraocular Lens Market by Material
10.2.6.3.3 Italy Monofocal Intraocular Lens Market by End-User
10.2.6.4 Spain Monofocal Intraocular Lens Market
10.2.6.4.1 Spain Monofocal Intraocular Lens Market by Product
10.2.6.4.2 Spain Monofocal Intraocular Lens Market by Material
10.2.6.4.3 Spain Monofocal Intraocular Lens Market by End-User
10.2.6.5 United Kingdom Monofocal Intraocular Lens Market
10.2.6.5.1 United Kingdom Monofocal Intraocular Lens Market by Product
10.2.6.5.2 United Kingdom Monofocal Intraocular Lens Market by Material
10.2.6.5.3 United Kingdom Monofocal Intraocular Lens Market by End-User
10.2.6.6 Rest of Europe Monofocal Intraocular Lens Market
10.2.6.6.1 Rest of Europe Monofocal Intraocular Lens Market by Product
10.2.6.6.2 Rest of Europe Monofocal Intraocular Lens Market by Material
10.2.6.6.3 Rest of Europe Monofocal Intraocular Lens Market by End-User
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Monofocal Intraocular Lens Market Overview
10.3.2 Asia-Pacific Monofocal Intraocular Lens Market Forecasts and Analysis
10.3.3 Asia-Pacific Monofocal Intraocular Lens Market Forecasts and Analysis - By Product
10.3.4 Asia-Pacific Monofocal Intraocular Lens Market Forecasts and Analysis - By Material
10.3.5 Asia-Pacific Monofocal Intraocular Lens Market Forecasts and Analysis - By End-User
10.3.6 Asia-Pacific Monofocal Intraocular Lens Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Monofocal Intraocular Lens Market
10.3.6.1.1 Australia Monofocal Intraocular Lens Market by Product
10.3.6.1.2 Australia Monofocal Intraocular Lens Market by Material
10.3.6.1.3 Australia Monofocal Intraocular Lens Market by End-User
10.3.6.2 China Monofocal Intraocular Lens Market
10.3.6.2.1 China Monofocal Intraocular Lens Market by Product
10.3.6.2.2 China Monofocal Intraocular Lens Market by Material
10.3.6.2.3 China Monofocal Intraocular Lens Market by End-User
10.3.6.3 India Monofocal Intraocular Lens Market
10.3.6.3.1 India Monofocal Intraocular Lens Market by Product
10.3.6.3.2 India Monofocal Intraocular Lens Market by Material
10.3.6.3.3 India Monofocal Intraocular Lens Market by End-User
10.3.6.4 Japan Monofocal Intraocular Lens Market
10.3.6.4.1 Japan Monofocal Intraocular Lens Market by Product
10.3.6.4.2 Japan Monofocal Intraocular Lens Market by Material
10.3.6.4.3 Japan Monofocal Intraocular Lens Market by End-User
10.3.6.5 South Korea Monofocal Intraocular Lens Market
10.3.6.5.1 South Korea Monofocal Intraocular Lens Market by Product
10.3.6.5.2 South Korea Monofocal Intraocular Lens Market by Material
10.3.6.5.3 South Korea Monofocal Intraocular Lens Market by End-User
10.3.6.6 Rest of Asia-Pacific Monofocal Intraocular Lens Market
10.3.6.6.1 Rest of Asia-Pacific Monofocal Intraocular Lens Market by Product
10.3.6.6.2 Rest of Asia-Pacific Monofocal Intraocular Lens Market by Material
10.3.6.6.3 Rest of Asia-Pacific Monofocal Intraocular Lens Market by End-User
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Monofocal Intraocular Lens Market Overview
10.4.2 Middle East and Africa Monofocal Intraocular Lens Market Forecasts and Analysis
10.4.3 Middle East and Africa Monofocal Intraocular Lens Market Forecasts and Analysis - By Product
10.4.4 Middle East and Africa Monofocal Intraocular Lens Market Forecasts and Analysis - By Material
10.4.5 Middle East and Africa Monofocal Intraocular Lens Market Forecasts and Analysis - By End-User
10.4.6 Middle East and Africa Monofocal Intraocular Lens Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Monofocal Intraocular Lens Market
10.4.6.1.1 South Africa Monofocal Intraocular Lens Market by Product
10.4.6.1.2 South Africa Monofocal Intraocular Lens Market by Material
10.4.6.1.3 South Africa Monofocal Intraocular Lens Market by End-User
10.4.6.2 Saudi Arabia Monofocal Intraocular Lens Market
10.4.6.2.1 Saudi Arabia Monofocal Intraocular Lens Market by Product
10.4.6.2.2 Saudi Arabia Monofocal Intraocular Lens Market by Material
10.4.6.2.3 Saudi Arabia Monofocal Intraocular Lens Market by End-User
10.4.6.3 U.A.E Monofocal Intraocular Lens Market
10.4.6.3.1 U.A.E Monofocal Intraocular Lens Market by Product
10.4.6.3.2 U.A.E Monofocal Intraocular Lens Market by Material
10.4.6.3.3 U.A.E Monofocal Intraocular Lens Market by End-User
10.4.6.4 Rest of Middle East and Africa Monofocal Intraocular Lens Market
10.4.6.4.1 Rest of Middle East and Africa Monofocal Intraocular Lens Market by Product
10.4.6.4.2 Rest of Middle East and Africa Monofocal Intraocular Lens Market by Material
10.4.6.4.3 Rest of Middle East and Africa Monofocal Intraocular Lens Market by End-User
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Monofocal Intraocular Lens Market Overview
10.5.2 South and Central America Monofocal Intraocular Lens Market Forecasts and Analysis
10.5.3 South and Central America Monofocal Intraocular Lens Market Forecasts and Analysis - By Product
10.5.4 South and Central America Monofocal Intraocular Lens Market Forecasts and Analysis - By Material
10.5.5 South and Central America Monofocal Intraocular Lens Market Forecasts and Analysis - By End-User
10.5.6 South and Central America Monofocal Intraocular Lens Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Monofocal Intraocular Lens Market
10.5.6.1.1 Brazil Monofocal Intraocular Lens Market by Product
10.5.6.1.2 Brazil Monofocal Intraocular Lens Market by Material
10.5.6.1.3 Brazil Monofocal Intraocular Lens Market by End-User
10.5.6.2 Argentina Monofocal Intraocular Lens Market
10.5.6.2.1 Argentina Monofocal Intraocular Lens Market by Product
10.5.6.2.2 Argentina Monofocal Intraocular Lens Market by Material
10.5.6.2.3 Argentina Monofocal Intraocular Lens Market by End-User
10.5.6.3 Rest of South and Central America Monofocal Intraocular Lens Market
10.5.6.3.1 Rest of South and Central America Monofocal Intraocular Lens Market by Product
10.5.6.3.2 Rest of South and Central America Monofocal Intraocular Lens Market by Material
10.5.6.3.3 Rest of South and Central America Monofocal Intraocular Lens Market by End-User
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. MONOFOCAL INTRAOCULAR LENS MARKET, KEY COMPANY PROFILES
12.1. ALCON VISION LLC
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. HUMANOPTICS AG
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. JOHNSON & JOHNSON VISION CARE, INC.
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. HOYA SURGICAL OPTICS GMBH
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. CARL ZEISS MEDITEC AG
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. BAUSCH + LOMB
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. OPHTEC BV
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. LENSTEC, INC.
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. RAYNER INTRAOCULAR LENSES LIMITED.
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. SIFI S.P.A
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
The List of Companies
1. Alcon Vision LLC
2. HumanOptics AG
3. Johnson & Johnson Vision Care, Inc.
4. HOYA Surgical Optics GmbH
5. Carl Zeiss Meditec AG
6. Bausch + Lomb
7. Ophtec BV
8. Lenstec, Inc.
9. Rayner Intraocular Lenses Limited.
10. SIFI S.p.A
