LAMEA Intraocular Lens Market Size, Share & Industry Trends Analysis Report By End-use, By Product (Multifocal, Monofocal, Toric, and Accommodative), By Country and Growth Forecast, 2021 - 2027
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Market Report Description
The Latin America, Middle East and Africa Intraocular Lens Market would witness market growth of 7.2% CAGR during the forecast period (2021-2027).
The front face of traditional intraocular lenses is consistently curved from the lens's center to its perimeter, resulting in a spherical optical design. However a spherical IOL is simple to make, it does not replicate the form of the natural lens within the eye, which has a varying curvature from center to periphery. In other words, the normal lens of the eye is aspheric ("not spherical"). Higher-order aberrations (HOAs) are tiny optical flaws caused by a spherical intraocular lens that can impact vision quality, especially in low-light situations like driving at night.
Premium aspheric IOLs, on the other hand, are designed to mimic the form and optical quality of the eye's original lens as precisely as possible, resulting in clearer vision — notably in low light and for persons with big pupils.
Since its inception in the mid-2000s, presbyopia-correcting intraocular lens (IOL) technology has progressed. Since then, the number of novel lenses available to surgeons has steadily increased, making it easier for them to aid their patients. These lenses may not always give great and repeatable uncorrected close, mid, and distant vision in all individuals, based on the lens design. Increased depth of focus, trifocal, and unique combination optics lenses are some of the most recent advancements in presbyopia-correcting lenses. In Latin America, the Middle East, and Africa, increased government efforts to enhance the cataract surgical rate (CSR), a growing number of ophthalmologists, and fast use of teleophthalmology are expected to boost intraocular lens market share.
The ophthalmological equipment market in the Middle East and Africa is largely controlled by private sector efforts in the UAE and significant healthcare spending in emerging African nations like Malawi.
The Brazil market dominated the LAMEA Intraocular Lens Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $105.8 Million by 2027. The Argentina market is estimated to grow at a CAGR of 7.8% during (2021 - 2027). Additionally, The UAE market would showcase a CAGR of 6.9% during (2021 - 2027).
Based on End-use, the market is segmented into Hospitals, Ophthalmic Clinics, Eye Research Institutes, and Ambulatory Surgery Centers. Based on Product, the market is segmented into Multifocal, Monofocal, Toric, and Accommodative. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Intraocular Lens Market is Predict to reach $5.1 Billion by 2027, at a CAGR of 5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include EyeKon Medical, Inc., Lenstec, Inc., HumanOptics AG, STAAR Surgical Company, Rayner Intraocular Lenses Limited, Bausch Health Companies, Inc., Carl Zeiss AG, Johnson & Johnson (Johnson & Johnson Vision Care, Inc.), Hoya Corporation, and Alcon, Inc.
Scope of the Study
Market Segments Covered in the Report:
- Ophthalmic Clinics
- Eye Research Institutes
- Ambulatory Surgery Centers
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- EyeKon Medical, Inc.
- Lenstec, Inc.
- HumanOptics AG
- STAAR Surgical Company
- Rayner Intraocular Lenses Limited
- Bausch Health Companies, Inc.
- Carl Zeiss AG
- Johnson & Johnson (Johnson & Johnson Vision Care, Inc.)
- Hoya Corporation
- Alcon, Inc.
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Global Intraocular Lens Market Report 2021-2027
North America Intraocular Lens Market Report 2021-2027
Europe Intraocular Lens Market Report 2021-2027