Market Analysis and Size
Data Bridge Market Research analyses that the monofocal intraocular lens market which was USD 4.0 billion in 2021, would rocket up to USD 6.22 billion by 2029, and is expected to undergo a CAGR of 5.67% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Market Definition
Intraocular lenses, artificial lenses inserted into the eyes of those with impairments following cataract surgery, are called intraocular lenses. The National Center for Biotechnology Information estimates that 6 million cataract operations are performed annually. The market's growth can be attributed to a rise in the use of high-end lenses, which offer advantages such enhanced visual performance and minimal astigmatism.
COVID-19 Impact on Monofocal Intraocular Lens Market
The COVID-19 hugely affected the market because it made many patients afraid to go to hospitals and other institutions for medical care and cataract surgery. Despite a decline in intraocular lens sales during the pandemic, the market is rebounding and is predicted to grow steadily during the forecast period as a result of greater awareness of glaucoma and increased spending on healthcare, which are expected to promote intraocular lens sales. Due to the global shutdown, only emergency operations and minor procedures were carried out.
Competitive Landscape and Monofocal Intraocular Lens Market Share Analysis
The monofocal intraocular lens market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to monofocal intraocular lens market.
Some of the major players operating in the monofocal intraocular lens market are:
• Valeant Pharmaceuticals International, Inc. (Canada)
• Novartis AG (Switzerland)
• STAAR Surgical (U.S.)
• Johnson & Johnson Private Limited (U.S.)
• Rayner Intraocular Lenses Limited (U.K.)
• OPHTEC BV (Netherlands)
• Carl Zeiss Meditec AG (Germany)
• SAV IOL SA (Switzerland)
• Hoya Corporation (Japan)
• BVI (Belgium)
• Oculentis (Germany)
By thoroughly understanding and keeping into focus customer requirement, one step or combination of many steps has been utilized to frame this most brilliant Monofocal intraocular lens market research report. To execute the market research study, competent and advanced tools and techniques viz SWOT analysis and Porter's Five Forces Analysis have been used. It also provides top to bottom examination of the market for estimating income, return on investment (ROI) and developing business strategies. Monofocal intraocular lens market analysis report also includes CAGR value fluctuations with respect to rise or fall for the certain forecast period.
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Monofocal Intraocular Lens Market Regional Analysis/Insights
The monofocal intraocular lens market is analysed and market size insights and trends are provided by country, type, material and end-user as referenced above.
The countries covered in the monofocal intraocular lens market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Major TOC of the Report
1 INTRODUCTION
2 MARKET SEGMENTATION
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
5 MARKET OVERVIEW
6 IMPACTS OF COVID-19 ON THE MONOFOCAL INTRAOCULAR LENS MARKET
7 MONOFOCAL INTRAOCULAR LENS MARKET, BY INDUSTRY TYPE
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