Japan Phakic Intraocular Lens (PIOL) Market was valued at USD 0.15 Billion in 2022 and is projected to reach USD 0.3 Billion by 2030, growing at a CAGR of 9.8% from 2024 to 2030.
The Japan Phakic Intraocular Lens (PIOL) Market is witnessing remarkable growth due to increasing demand from individuals seeking corrective solutions for high levels of myopia, hyperopia, and astigmatism. PIOLs are implanted in the eye to provide clear vision without the need for glasses or contact lenses. As of recent market trends, Japan has become one of the leading countries for PIOL adoption, driven by technological advancements, improving healthcare infrastructure, and an aging population that demands better vision solutions.
The primary market drivers are rooted in both medical necessity and aesthetic desire. With a significant portion of Japan’s aging population facing vision deterioration, there is an increased need for surgical alternatives to traditional glasses or contact lenses. This requirement is being further amplified by technological developments that make the PIOL procedure more accessible, safer, and effective. Surgeons and ophthalmologists are increasingly favoring these lenses for patients who are not suitable candidates for laser surgeries such as LASIK.
PIOLs are categorized into two types: anterior chamber and posterior chamber lenses. Each type serves a unique patient need, with posterior chamber lenses being more commonly used due to their lower risk of complications. The rise in demand for PIOLs is also fueled by their ability to correct higher degrees of refractive errors, where other corrective methods fail. The Japanese healthcare system's focus on innovation in vision correction techniques also supports this growth trend, offering improved surgical outcomes with reduced recovery times.
Industries related to ophthalmology, healthcare devices, and pharmaceutical sectors are increasingly focusing on enhancing PIOL designs to cater to the specific needs of patients. Additionally, collaborations between healthcare providers and manufacturers of PIOLs have been a notable trend, ensuring that cutting-edge technologies are readily available to the public. Furthermore, ongoing research in materials, lens designs, and surgical techniques promises even more precision in vision correction in the future.
The Japan Phakic Intraocular Lens (PIOL) Market is expected to continue its upward trajectory as a solution for various refractive issues. It caters to a wide range of industries, from healthcare providers to high-tech medical manufacturers, thus driving both local and global market growth. With demand rising for innovative and effective vision correction solutions, the Japanese PIOL market remains a key player in the global healthcare industry.
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CIBA Vision
STAAR Surgical
Ophtec B.V.
Johnson Johnson
Care Group
Zeiss
Alcon
Shanghai Haohai Biological Technology
Eyebright Medical Technology
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Japan Phakic Intraocular Lens (PIOL) Market
Artisan Lens
Verisyse Lens
ICL (Implantable Collamer Lens)
Myopia-specific PIOL
Hyperopia-specific PIOL
Collamer
PMMA (Polymethyl Methacrylate)
Silicone
Acrylate
Biocompatible materials
Myopia (Nearsightedness)
Hyperopia (Farsightedness)
Astigmatism
Presbyopia
Higher-order aberrations correction
Elective surgeries
Refractive surgeries
Custom and personalized surgeries
Outpatient surgical procedures
Preoperative evaluations
Hospitals
Ophthalmology clinics
Ambulatory surgical centers
Eye care specialists
Research institutions
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the Japan Phakic Intraocular Lens (PIOL) Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Japan Phakic Intraocular Lens (PIOL) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Japan Phakic Intraocular Lens (PIOL) Market, By Type
6. Japan Phakic Intraocular Lens (PIOL) Market, By Application
7. Japan Phakic Intraocular Lens (PIOL) Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. Japan Phakic Intraocular Lens (PIOL) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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