INTRAOCULAR LENS MARKET ANALYSIS

Intraocular Lens Market, By Product Type (Monofocal Intraocular Lens, Multifocal Intraocular Lens, Toric Intraocular Lens, and Accommodative Intraocular Lens), By Flexibility (Foldable and Rigid), By Material (Polymethylmethacrylate (PMMA), Silicone, Hydrophilic Acrylic, and Hydrophobic Acrylic), By End User (Hospitals, Ophthalmology Clinics, and Ambulatory Surgery Centers), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)

Published In : Apr 2024
Code : CMI690
Pages :355
Formats :
Excel and PDF
Industry : Medical Devices

Market Challenges – The Limitations Associated with Multifocal Intraocular Lenses

Few models of multifocal lenses focus on intermediate vision and distance; hence patients may require reading glasses for closely held reading material. While, some patients also face difficulty of developing halos and glares on lights after dark with the application of multifocal IOLs.

Market Opportunities – Increasing Investments by Key Market Players

Increasing investments by key market players for the development of intraocular lenses offer lucrative opportunities in the global intraocular lens market. For instance, in November 2020, Adaptilens, a developer of accommodating intraocular lenses, announced that it had raised over US$ 1.6 Mn for the development of Adaptilens' accommodating intraocular lens. The round was led by local firm Pillar VC, with additional participation from California firm Accanto Partners, a venture capital firm.