Albany, NY -- (SBWIRE) -- 01/22/2016 -- A research study from Transparency Market Research (TMR) on the global intraocular lens (IOL) market provides the latest insights. This research report is titled, "Intraocular Lens (IOL) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019". A detailed segmentation of the global intraocular lens (IOL) market is presented in the study. Broadly, the global intraocular lens (IOL) market is segmented on the basis of material, product type, and region.

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Material-wise, the global intraocular lens (IOL) market is divided into collamer, hydrophilic acrylate, silicone, hydrophobic acrylate, and polymethyl methacrylate (PMMA). By product type, the global intraocular lens (IOL) market is classified into phakic, pseudophakic, and aphakic.

The global intraocular lens (IOL) market is driven by the rising geriatric population susceptible to myopia and cataract. The global intraocular lens market will be augmented by the technological advancements in intraocular lenses. Furthermore, the growing adoption of premium intraocular lenses such as toric IOLs, multifocal IOLs, and accommodating IOLs will further have a positive impact on the growth of the global intraocular lens market. Nevertheless, the global intraocular lens market will be suppressed by the high cost associated with the surgical procedures involving the placement of an intraocular lens inside the eye. Another major challenge for the global intraocular lens (IOL) market is the post-operative refractive error.

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On the basis of region, the global intraocular lens (IOL) market is segmented into Europe, Asia Pacific, North America, and Rest of the World (RoW). Currently, North America leads the global intraocular lens (IOL) market due to a large number of cataract surgeries that are performed every year in this region. According to the Society of Cataract and Refractive Surgery (ASCRS), around 3 mn cataract surgeries are performed in the United States every year. Moreover, this regional market also benefits from the supportive government initiatives and favorable reimbursement policies. The North America intraocular lens (IOL) market is also driven by the technological innovation in IOLs.

The European intraocular lens (IOL) market benefits from the presence of a large geriatric population in this region. Moreover, the initiatives undertaken by the governments in Europe for the benefit of people to perform cataract surgeries will also shape this regional market. On the other hand, the Asia Pacific IOL market and the Rest of the World IOL market are restrained by the lack of proper healthcare facilities in remote places of Asia and Africa.

Some of the key players operating in the global intraocular lens (IOL) market are Abbott Medical Optics, Novartis AG, Carl Zeiss, Eyekon Medical, PowerVision, Physio SA, and Ophtec USA.
The global market for intraocular lens can be segmented as follows:
By materials
Poly(methyl methacrylate) (PMMA)
Silicone
Hydrophobic acrylate
Hydrophilic acrylate
Collamer
By product types
Aphakic
Pseudophakic
Phakic
By geography
North America 
Asia Pacific 
Europe
Rest of the World

About Transparency Market Research (TMR)
Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR's global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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