The global “intraocular lens (IOL) market Share” is projected to reach USD 5,318.8 million by 2026, thereby exhibiting a CAGR of 6.8% during the forecast period. However, the market was worth USD 3,159.3 million in 2018. This information is published in a recent report by Fortune Business Insights™, titled, “Intraocular Lens (IOL) Market Size, Share & Industry Analysis, By Type [Monofocal Intraocular Lens and Premium Intraocular Lens (Multifocal Intraocular Lens, Toric Intraocular Lens, and Others)], By Material [Polymethylmethacrylate (PMMA) and Foldable (Hydrophobic Acrylic, Hydrophilic Acrylic, and Silicone & Collamer)], By End User (Hospitals & Ambulatory Surgery Centers, Specialty Clinics, and Academic & Research Institutes) and Regional Forecast, 2019-2026.” The report further states that the market is set to gain impetus from the rising number of NGOs offering free cataract surgeries and eye examinations.

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The report covers:

Global Idiopathic Inflammatory Myopathy Treatment Market trends, with detailed analysis on consumer trends & manufacturer trends.
Overview on supply analysis covering trends across raw material suppliers, technology providers and distributors.
Key areas of investments identifying market opportunities and challenges in forecast timeframe.
Competitive analysis of the industry players along with the overview on strategic management.
Comprehensive company profiles of the major industry players.
Leading Players operating in the Idiopathic Inflammatory Myopathy Treatment Market are:

Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:

Alcon
Johnson & Johnson Services, Inc.
Bausch & Lomb Incorporated
HOYA Corporation
STAAR SURGICAL
Rayner Intraocular Lenses Limited
Oculentis
Hanita Lenses
SIFI S.p.A
Biotech
Other key market players
Rising Government Initiatives to Eliminate Cataract Will Boost Growth

The incidence of cataracts is rising at a rapid rate nowadays. It is, in turn, causing huge health as well as an economic burden in several countries. Therefore, the governments of these countries are launching various initiatives to eliminate cataracts. One such global initiative is called ‘Vision 2020’. It was put forward by the International Agency for the Prevention of Blindness (IAPB) to remove the major causes of avoidable blindness from the world. Additionally, the governments are conducting eye checkup camps and launching favorable reimbursement policies to achieve their target of Vision 2020. It is expected to augment the intraocular lens market growth during the forecast period.

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Monofocal IOL Segment to Lead Stoked by Favorable Government Reimbursement Policies

By type, the market is grouped into premium intraocular lens and monofocal intraocular lens. Amongst these, the monofocal intraocular lens is expected to lead by gaining the maximum IOL market share in the coming years. This growth is attributable to the rising number of favorable government reimbursement policies as well as cost-effective nature.

The premium intraocular lens segment, on the other hand, consists of sub-segments, namely, toric intraocular lens, multifocal intraocular lens, and others. This segment has less penetration as compared to monofocal IOLs. This mainly occurs as multiple government-aided insurance policies do not cover the cost of premium intraocular lens. Thus, the patient has to pay for the same from their expenses. However, this segment is anticipated to showcase growth during the forecast period owing to the rising preference for toric lenses and their possession of numerous benefits.

Detailed Table of Content:

Introduction
Research Scope
Market Segmentation
Research Methodology
Definitions and Assumptions
Executive Summary
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Key Insights
Prevalence of Cataract - For Key Countries/Regions
Number of Cataract Surgery - For Key Countries/Regions
Overview of Government Cataract Initiatives
Regulatory Scenario - For Key Countries/Regions
Reimbursement Scenario - For Key Countries/Regions
New Product Launches
Key industry Developments - Mergers, Acquisitions and Partnerships
Global Intraocular Lens (IOL) Market Analysis, Insights and Forecast, 2015-2026
Key Findings / Summary
Market Analysis, Insights and Forecast – By Type
Monofocal Intraocular Lens
Premium Intraocular Lens
Multifocal Intraocular Lens
Toric Intraocular Lens
Others
Stimulation Devices
Market Analysis, Insights and Forecast – By Material
Polymethylmethacrylate (PMMA)
Foldable
Hydrophobic Acrylic
Hydrophilic Acrylic
Silicone & Collamer
Market Analysis, Insights and Forecast – By End User
Hospitals & Ambulatory Surgery Centers
Specialty Clinics
Academic & Research Institutes
Market Analysis, Insights and Forecast – By Region
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
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Report Focus:

Extensive product offerings
Customer research services
Robust research methodology
Comprehensive reports
Latest technological developments
Value chain analysis
Potential Idiopathic Inflammatory Myopathy Treatment Market opportunities
Growth dynamics
Quality assurance
Post-sales support
Regular report updates
Reasons to Purchase this Report:

Comprehensive analysis of the Idiopathic Inflammatory Myopathy Treatment Market growth drivers, obstacles, opportunities, and other related challenges.
Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
Identifies market restraints and boosters.
Identifies all the possible segments present in the market to aid organizations in strategic business planning.
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