Report Overview

According to the deep-dive market assessment study by Growth Plus Reports, the global IOL delivery systems market was valued at US$ 4.24 billion in 2022 and is expected to register a revenue CAGR of 6.5% to reach US$ 7.47 billion by 2031.

IOL Delivery Systems Market Fundamentals

The development and application of intraocular lenses (IOLs) is one of the most significant advances in ophthalmology that has occurred during the past few decades. Treatment for cataracts and other eye problems has been transformed by these small artificial lenses. In this essay, we'll examine the benefits of intraocular lenses and how they significantly improve the vision and quality of life of countless people throughout the world.

The capacity of intraocular lenses to restore vision is its main benefit. The natural lens can become clouded with cataracts, which can result in blurry or poor vision. Visual acuity can be considerably increased by swapping out the clouded lens for a clear IOL, allowing patients to see more clearly and reclaim their freedom. Because intraocular lenses are available in a wide range of forms and styles, ophthalmologists can choose the one that is best for each patient. The customization choices guarantee individualized care and improved visual results. They range from monofocal lenses, which give clear vision at a single distance, to multifocal lenses, which offer superior vision at several distances.

The use of intraocular lenses in the treatment of cataracts and other eye problems has completely changed the profession of ophthalmology. These small artificial lenses have changed many people's lives by providing customizing possibilities, eyesight restoration, lowering reliance on corrective equipment, and improving visual quality. Intraocular lenses continue to be essential in raising the patient's quality of life because of their long-lasting effects and considerable impact on vision improvement.

The global IOL delivery systems industry analysis report comprehensively analyzes the market, with factors that either aid or impede the market growth, such as its drivers, restraints, and opportunities. The research provides insight into the companies that operate in the IOL delivery systems market and their efforts to position themselves as key players through expansion strategies and innovations. It also highlights recent developments that contribute to IOL Delivery Systems’ market growth. The research also analyzes the impact of the COVID-19 pandemic.

This research is valuable for businesses seeking insights into the market, customers, and competition. The research provides special insights into the segmentation, regions, market size & projection, revenue CAGRs, and other important information that may help clients make the right decisions. The report assembles data from market players and professionals across the industrial value chain. The study also incorporates qualitative and quantitative assessments from industry professionals. Secondary research, surveys and interviews, and statistical modeling are all used in our research to estimate market size and projection. Our reports deliver the most reliable market data because of our specialized research methods.

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IOL Delivery Systems Market Dynamics 

A significant majority of adults over 60 have ongoing ocular conditions that need vision adjustments. In 2020, there were 7.7 million instances of diabetic retinopathy and 24 million cases of cataracts in the United States, according to the National Eye Institute. By 2030, those figures are predicted to increase to 11.3 million and 38 million, respectively. According to the American Association of Ophthalmology, geriatric ocular problems are becoming important in developing nations, and cataracts are the main cause of vision impairment globally. Because of this rise in ophthalmic disorders globally, the IOL delivery systems market is anticipated to develop throughout the forecast period.

The global marketplace has recently seen a number of technologically enhanced product offerings. There is a critical need for these products as cataract prevalence rises. As a result, several players have consistently undertaken steps to expand their product line to meet patient demands around the globe. For instance, major companies like J&J and Alcon Inc. developed goods with an enhanced depth of focus in 2020. Numerous cutting-edge research is also being conducted to investigate the advantages of this more recent technology. For instance, as of May 2022, the U.S.-based SightMD sponsored a trial to assess the effect of a novel extended depth of focus IOL on visual and lifestyle enhancement.

IOL Delivery Systems Market Ecosystem

IOL Delivery Systems Market, by Product Type

• Preloaded IOL delivery systems
• Non-Preloaded IOL delivery systems

IOL Delivery Systems Market, by End User

• Hospitals
• Ophthalmology Clinics
• Ambulatory Surgical Centers

IOL Delivery Systems Market by End User

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Given that hospitals are the primary treatment settings for cataract surgeries, the hospitals segment now has a dominant position and is expected to expand. Furthermore, one of the main drivers of this segment's growth is the government's supportive policies for cataract surgery and the expansion in the number of government hospitals. According to a news report from the Hindu in May 2022, the Indian government has suggested a specific initiative to reduce the backlog of cataract operations. With 7.5 million, 9.0 million, and 10.5 million procedures in the fiscal years 2022–23, 2023–24, and 2024–25, respectively, they will increase the number of cataract operations. To reduce the backlog, a special effort will increase the number of cataract procedures, and all Indian states will get guidance to conduct these procedures.

The market segmentation sections provide the IOL delivery system’s market outlook in terms of the demarcation of different consumer groups. Market segmentation is splitting an industry into subgroups depending on characteristics such as product type, end user, and other factors. Market segmentation data helps organizations understand the preferences and distinctive demands of different customer groups and implement targeted marketing strategies. This data additionally helps in identifying potential IOL Delivery Systems market demand opportunities. 

IOL Delivery Systems Market by Region

The North American market is most likely to dominate during the projection period. The region's dominance in the market is due to the high demand for innovative goods such customized cataract lenses, their quick acceptance, and advantageous insurance policies. The regulatory approvals for these novel items also aid the prospects for the region's growth.

In 2022, the market in Europe is anticipated to be the second-largest region. The rise in lens popularity and the rising use of femtosecond lasers to transect hydrophobic and hydrophilic acrylic lenses during cataract surgery are the main causes of the growth. According to a 2020 National Institutes of Health (NIH) publication, the prevalence of cataracts in the over-70 population in Europe is expected to be 64.0% and it increases with age. 

During the projection period, the Asia Pacific market is expected to expand considerably. Since the elderly population is more susceptible to cataracts, an increasing geriatric population is a common factor in the region's overall cataract prevalence. In South Korea, the incidence rate for IOL dislocation was 360 per 1,000,000 person-years, according to a 2021 article from the Multidisciplinary Digital Publishing Institute (MDPI) in Basel, Switzerland. As a result, the growth of the Asia Pacific area is influenced by the increasing instances of eye illnesses in important nations in the region.

Based on the regions, the global IOL delivery systems market is segmented into:

• North America
  • United States
  • Canada
• Europe
  • Germany
  • United Kingdom
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

The industry's regional segmentation provides insights into geographic pockets in terms of IOL delivery systems industry trends, market size, share, and growth rate. This information helps organizations assess potential growth opportunities in new regional markets, understand competitive threats, and develop localized sales and expansion strategies. This section also offers deeper insights into the regional and country-level IOL delivery systems market overview. 

Key Components of the Report 

• In-depth analysis of current market trends.
• Annualized market size and projection for each segment from 2021 to 2031 across 5 regions and 14 countries.
• Market segment analysis on a global scale and a deeper elaboration of trends in every region and country.
• Competitive landscape of the global market based on the key players, market share, and competitive positioning.
• Profiles of the key market players based on business landscape, financial growth, and product portfolio.

IOL Delivery Systems Market Competitive Landscape 

• Johnson & Johnson Vision Care, Inc. 
• Alcon Inc. 
• Bausch & Lomb Incorporated 
• HOYA 
• Rayner Intraocular Lenses Limited.
• STAAR SURGICAL 
• SIFI S.P.A
• Hanita Lenses 

The market competitive landscape analysis is performed by gathering and evaluating data about the key competitors, industry trends, and market dynamics. It involves collecting and analyzing data on factors such as products, pricing, geographic reach, customer demographics, marketing tactics, and recent developments. Competitive landscape analysis can help organizations identify present or prospective opportunities and risks in the market.

IOL Delivery Systems Market Strategic Developments

• In September 2022, Intraocular Dyes from Alfa Instruments S.R.L. are distributed exclusively by Bausch & Lomb Incorporated. The surgical intraocular dyes from Alfa Instruments will be sold and distributed worldwide by Bausch & Lomb.
• In September 2022, Evolux extended monofocal Intraocular Lens was introduced by SIFI S.p.A. The product is built on a hydrophobic substance and a non-diffractive profile to improve intermediate and equal distance vision.
• In August 2022, Alcon Inc. and Aerie Pharmaceuticals Inc. signed a binding merger agreement. To increase the size of its ophthalmic pharmaceutical division, Alcon will purchase commercial items from Aerie.
• In April 2022, the next generation of lenses that provide patients with a high-quality full range of vision was created in partnership between Rayner Intraocular Lenses Limited and Aston University.

Reasons To Buy This Report

• Comprehensive analysis of the impact of the COVID-19 pandemic on the global IOL delivery systems market.
• Develop a growth strategy by reviewing the latest market trends, innovations, segment analysis, regional market landscape, and prospective opportunities.
• Information about important market laws and regulations, such as product safety requirements or import/export regulations.
• Understanding the future competitive landscape of the market and providing data-driven analysis of the primary drivers and impediments of the market.
• Understand the global market's competitive landscape and the level of competition. 
• Finding existing and prospective market competitors which help to plan competitive advantage tactics.
• Track global, regional, and country-level revenue growth and make smart expansion decisions.
• Identify the best opportunities in the IOL delivery systems market to strategize sales and marketing goals.
• Evaluate the prospective return on investment for new goods or services by analyzing CAGR data. 
• Our reliable sources and research methodology provide accurate market size and forecasting, verified by authentic primary sources such as CMOs from major market players and key opinion leaders.

Key Strengths of Our Report 

• Forecast till 2031
• Cross-sectional Coverage Across 14 Countries
• Consumer Level Segmentation
• Regulatory Landscape
• Key Cross-Competition 
• Unmet Needs
• Market Appeal
• Analysis of Pipeline Prospects
• Market Drivers and Restraints

Target Audience to Benefit from this Report.

• IOL delivery systems manufacturers, distributors, developers, and regulators of products 
• Research and consulting firms
• New entrants into the market, start-ups, investors, and equity firms
• Government organizations and associations 
• Industry organizations, associations, advocacy groups, forums, and reporting agencies

Frequently Asked Questions About This Report