Intraocular Lens (IOL): Market Shares, Strategies, and Forecasts, Worldwide, Nanotechnology, 2013 to 2018 |
Cataracts is the clouding of the eye's
natural lens that damages one's ability to see clearly. They account for 48% of
world blindness and are also one of the main causes for reversible blindness.
There is a
high possibility for older people to develop cataracts, which can be cured with
IOL. Hence, there would be a continuous growth in the worldwide
markets for IOL mainly driven by the increase of cataracts in the aged population,
which will in-turn increase the need for Intraocular Lenses.
Within the next 1 year, two accommodating
Intraocular Lens (IOLs) are
likely to be approved, due to which the IOL market will have a growth.
With the ever-increasing aged population, there is a
growing precision of cataract surgery. The primary concerns of the IOL market
is the safety of cataract surgical medical devices and lenses. Hence, in cataract
surgery, more advanced procedures and lower costs per surgery is on the rise.
There is a rapid growth in the cataract
surgical technology. Premium intraocular lenses (IOLs) that are introduced
during the past decade and those that are still in the pipeline are main
reasons behind the increase of patient’s post-cataract visual expectations.
Laser-assisted cataract surgery technology is gaining importance with
clinicians. Surgeons are getting trained in the techniques that are needed to
perform surgeries, by using new types of equipment and the new equipment
promises improved surgical precision.
When
there is a clinical improvement in the patient’s eyesight because of superior image quality, they are
thrilled with the clarity of vision. Due to which, there is a growth in the needs
and expectations for good vision in all ranges, that have in-turn created
significant new market opportunities by increased demand for multifocal and
accommodating IOLs designed to correct certain draw backs in the vision such as
presbyopia, aspheric optics that address spherical aberration and make vision
sharper.
From the past 40 years, ultrasonic phacoemulsification
is the standard of care in cataract removal equipment, which played a major
role in the safety and effectiveness of modern cataract surgery. Even in the
future, it is certain to remain the dominant lens removal technology. Whereas,
laser-assisted cataract surgery using femtosecond lasers and picosecond lasers
is still in its infancy, but promises to raise the standard of precision and
safety to new heights.
Numerous types and styles of Intraocular
Lenses (IOLs) are there in the market, which are varying in size and attachment
mechanisms. For example, the femtosecond lasers may evolve with the capability
to fix the cataract without implanting IOL devices, which will create a huge
transition in the market.
In
terms of evolving industry requirements and standards and the rapid technology
change, the eye care industry is highly competitive. In this industry, companies
compete with each other on various factors such as quality and efficacy of
their products, technological leadership and innovation, breadth and depth of
product offering and pricing and maintaining their relationships with eye care
professionals and healthcare providers and these factors vary across regions.
There is a significant growth in this
lens-based refractive surgery sector in US, mainly driven by the leading market
segment, an aging population, the American “baby boomer” generation and also
the ability of surgeons to bill for a premium refractive outcome.
The latest trend in the Intraocular Lens
(IOL) markets is the multi-distance vision capability comprising near middle and far. By 2019, the global market for
Intraocular Lenses (IOL) total market value is forecast to have a growth of $3.8
billion.
There would be a huge growth in the global
intraocular lens cataract market mainly because of the aging middle class
population throughout the world. In 2012, there were 19.7 million cataract
surgeries done when compared to 19 million cataract surgeries in 2010.
Report
Coverage
This report provides information about
various topics related to global Intraocular Lens market such as intraocular lens
(IOL) executive summary, intraocular lens market description and market dynamics,
intraocular lens market shares and forecasts, intraocular lens (IOL) product description,
intraocular lens (IOL) technology and many more.
The report also covers key data and
information about various companies who are operating in the global Intraocular
Lens market which includes Novartis / Alcon, Abbott Medical Optics, Bausch
& Lomb, Hoya, Carl Zeiss Meditec AG, Staar Surgical, EuroCrystal SA and
many others.
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