Oct 23 2008
Global intraocular lenses market is characterized by ongoing innovations such as presbyopic IOLs, phakic IOLs and aspheric optical IOLs. Additionally, marketing campaigns by leading companies and enhanced training of physicians to implant advanced IOLs are fueling further growth in the market. Intraocular lenses are used primarily in cataract and refractive surgeries as artificial synthetic replacements to the eye's natural lens.
United States and Europe comprise the major markets accounting for over 70% share of the global Intraocular Lenses market as stated in a recent report published by Global Industry Analysts, Inc. The percentage of cataract occurrence is relatively high in the developing and industrialized nations. Close to 20 million people around the world are blinded by cataracts with a significant chunk of the cases stemming from lesser-developed countries such as India and China. Technological and surgical advances, and also rise in the number of elderly people have attributed to increase in the number of cataract surgeries and IOL implantations in Asia-Pacific. The region is projected to register growth rate between 11% to 17% over the period 2008-2015.
From a technology perspective, IOLs have, over the last few years, witnessed a landmark shift from the conventional hard IOLs to foldable IOLs. Global Hard intraocular lenses market is projected to plummet at a CAGR of 7.5% over the period 2000-2015. PMMA IOLs continue to be used in developing markets including Asia-Pacific, Latin America, and Africa driven partly by their relative inexpensiveness, and uncomplicated usage.
The astronomically growing popularity of foldable IOLs is expected to gain high momentum in the upcoming years. Introduction of small-foldable IOLs used in association with precision phacoemulsification equipment has led to smaller incisions being made on the cornea. By the year 2010, Foldable intraocular lenses market in Europe is projected to reach US$847 million.
With several new product development initiatives up their sleeves, leading players are expected to unravel a slew of new and advanced products in the upcoming years. Accommodative IOLs are cutting edge breed of lenses designed to offer multi-focal vision through adroit adjustment to the movement of the ciliary body in the eye. A range of specialty IOLs are available which comprise toric IOLs, blue-light blocking IOLs, multifocal IOLs, and aspheric IOLs. Phakic IOLs, a significant advancement in the arena of refractive surgery, is gaining importance in the recent years.
More than 3/4th of the global IOL market is dominated by Alcon, Advanced Medical Optics (AMO), and Bausch and Lomb. Key market participants profiled in the study include Alcon, Inc., Advanced Medical Optics, Inc., Bausch & Lomb, Inc., Carl Zeiss Meditec AG, EuroCrystal SA, HumanOptics AG, OPHTEC BV, and Staar Surgical Company.
The report titled "Intraocular Lenses: A Global Strategic Business Report" published by Global Industry Analysts, Inc., covers major market dynamics, trends, issues, and competition pertaining to the market. The report enumerates product launches, recent developments, mergers, acquisitions and other strategic industry activities. The report analyzes the market across two major product segments, namely Hard Intraocular Lenses and Foldable Intraocular Lenses. The study reviews recent past, current and future market projections over the period 2001-2010, while historic analytics offer a review of the industry's performance in the recent past (1996-2000). Analysis is presented for established and emerging markets including United States, Japan, France, Germany, United Kingdom, Italy, Spain, Asia-Pacific, Latin America, and Rest of World.
For more details of this research report, please visit http://www.strategyr.com/Intraocular_Lenses_Market_Report.asp