Report ID: UCMIR35A2927
Report ID:
UCMIR35A2927 |
Region:
Regional |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Europe stands as the second-largest player in the worldwide Intraocular Lens (IOL) market, with a projected compound annual growth rate (CAGR) of 6.8% expected during the forecast period. The global Intraocular Lens market is set to witness substantial growth, surging from USD 4.24 billion in 2022 to an estimated USD 7.19 billion by 2030. This growth is primarily attributed to the increasing adoption of Intraocular Lenses (IOL) driven by a high prevalence of cataracts and glaucoma, prompting major industry players to introduce advanced product offerings to meet this rising demand.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Equipment by segment aggregation, the contribution of the Health Care Equipment in Health Care Equipment & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIR35A2927