Summary of intraocular lens market information in Vietnam 2021-2022

The following article provides information, overview data and latest trends about the intraocular lens market imported to Vietnam.

The data provided in the article is based on Big data of Orioledhub.

A. MARKET OVERVIEW

An Intraocular Lens implant (or artificial lens implant) is a synthetic lens placed inside the eye that replaces the focusing power of a natural lens that is surgically removed, usually as part of cataract surgery. There are three main types of intraocular lens (IOLs), which are monofocal, multifocal, and toric.

Market size

The market value of IOLs in the period 2021-2022 is estimated at approximately 80 million USD (over 1,800 billion VND) with the presence of more than 60 IOL brands worldwide.

According to statistical results from the Price Declaration Portal of the Department of Medical Equipment, there are currently about 52 companies that have declared the prices of their products, including 311 products belonging to the three types of intraocular lens: monofocal, multifocal, and toric.

Of the 311 products that have been declared prices, 205 are currently being used in public health facilities, accounting for 66% of the total number of products declared prices. By contrast, 106 out of 311 products with declared prices are currently invalid, making up 34% of the product list.

Status	Quantity	Percent (%)
Valid	205	66
Invalid	106	34
Total	311	100

Market structure by tender group

Classification of medical device contract packages

1. Classification

A medical device contract may contain one or several categories of medical devices, each of which may be classified as follows:

a) Group 1: medical devices that are both:

– Granted the Certificate of Free Sale (CFS) by at least 02 countries specified in Appendix I hereof ((hereinafter referred to as “reference countries); and

– Made in a reference country or Vietnam.

b) Group 2: medical devices that are both:

– Granted the CFS by at least 02 reference countries;

– Are not made in any reference country or Vietnam.

c) Group 3: medical devices that are both:

– Granted the CFS by at least 01 reference country;

– Made in a reference country or Vietnam.

d) Group 4: medical devices that are both:

– Granted the CFS by at least 01 reference country;

– Are not made in any reference country or Vietnam.

dd) Group 5: medical devices that are both:

– Granted a marketing authorization number granted in Vietnam (including those granted marketing authorization);

– Made in Vietnam.

e) Group 6: medical devices other than those specified in Group 1, 2, 3, 4, 5 of this Clause.

Trends in product selection for distribution by tender group

• According to data, Group 1 makes up the highest proportion of the market, accounting for 40%, followed by Group 3 with the figure of 37% and Group 2 with only 7% of the market.
• Group 1 and Group 3 account for nearly 80% of the artificial lens market in Vietnam. These are products that have been granted Certificate of Free Sale by at least 1 developed country. The structure of products classified by tender groups is shown in the chart below.

Market structure by country of origin

According to statistics, the artificial lens with declared prices on the Vietnamese market originate from many different countries, mainly (about 90%) from developed countries such as the US and European countries. In particular, the United States is the country that produces the most artificial lens products, accounting for nearly 20% of the total products. The artificial lens product lines manufactured in European countries such as Germany, England, France, etc. have a high percentage of the total products, taking up 10 -15% of the declared products.

In Asia, India is the leading country, contributing to 9.6% of all products that have declared prices on the Vietnamese market. The top 5 countries with the most declared prices in the Vietnamese market along with the product structure by country are shown in the following chart: Thus, the products on the Vietnamese market have diverse origins and are imported from many different countries. However, the market tends to choose mainly products from developed countries, which are on the list of reference countries according to Appendix I, Circular 14/TT-BYT such as the US and European countries.

Thus, the products on the Vietnamese market have diverse origins and are imported from many different countries. However, the market tends to choose mainly products from developed countries, which are on the list of reference countries according to Appendix I, Circular 14/TT-BYT such as the US and European countries.

B. DETAIL INFORMATION

Leading Players in the Intraocular Lens Market with the most imports

According to statistical results from logistics data in 2021 – 2022:

The market is led by Johnson & Johnson Surgical Vision Inc. (USA) with an import volume of more than 50,000 products.

Next is Excellent-care Pvt (Germany), Ltd. And Physiol S.A. (Belgium) with an import volume of more than 30,000 products.

Importing firms with quantity:

– Over 20,000 products: Carl Zeiss Meditec AG (Germany), HOYA Medical Singapore Pte. Ltd. (Singapore)

– Over 15,000 products: SIFI S.p.A (Italy), Medicontur Medical Engineering Ltd. (Hungary), Alcon Laboratories, Inc. (the USA), Freedom Ophthalmic Pvt. Ltd. (India).

– Over 10,000 products: SIDAPHARM P.C (Greece), VSY Biotechnology (Netherlands), Rayner Intraocular Lenses Limited (UK), Tekia Inc. (USA), CIMA Technology, Inc. (USA).

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Leading countries in terms of volume of Intraocular Lens exported to the Vietnam Market

Most products are imported from the countries referred to in Appendix I, Circular 14/TT-BYT such as the US, European countries, and Japan. The US is the leading country in terms of import volume, providing over 26% of the total number of artificial lens products on the Vietnamese market (equivalent to more than 100,000 products in 2021-2022). Sourcing from India or Germany is the next priority, accounting for nearly 16% of the total number of artificial lens products in Vietnam. The percentages of the leading countries in terms of the volume of imports are presented in the following table:

Country	Percent
USA	26.33%
India	16.44%
Germany	15.93%
Other	**

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Top 3 most consumed products in 2021 – 2022

Product	Highest import price (USD)	Total quantity (Unit)
Bioline Yellow Bluelight Soft Artificial Lens. Manufacturer: I. Medical Ophthalmic International Heidelberg Gmbh/ Germany. New 100%	100	9637
Acriva Artificial Lens (model: Ud 613). Manufacturer: Vsy Biotechnology Bv/netherlands. Five Manufacturing: 2021/2022. 100% New Goods (long -term Transplanted Goods In The Human Body). Expiry Date: 5 Years.	**	**
100% new Medical Equipment: Artificial Lens For Long -term Implants In The Human Body, Over 30 Days (intraocular Lens). Model: Mcs 553. Box 1. Execellent Hi-Care Pvt Ltd, India Produced.	**	**

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Products with the highest import price – quantity

Product	Highest import price (USD)	Total quantity (Unit)
Soft Artificial Lens Pod L Gf (finevision Triumf), Used In Ophthalmology, 100% Brand New, Manufacturer: Physiol S,a	856.06	100

The products with the lowest import prices – quantity

Product	Highest import price (USD)	Total quantity (Unit)
Intra Ocular Lens Intra Ocular Lenses Ap Palens Pmma Pc 207	1.46	316
100%new Medical Equipment: Artificial Lens For Long -term Implants In The Human Body, Over 30 Days (intraocular Lens). Model: Mcs 553. Box 1. Execellent Hi-Care Pvt Ltd, India Produced.	2	6400
100%new Medical Equipment: Artificial Lens For Long -term Implants In The Human Body, Over 30 Days (intraocular Lens). Model: Mcs 553. Box 1. Execellent Hi-Care Pvt Ltd, India Produced. Foc	**	**
100% New Medical Equipment: Performed Artificial Glass In The Human Body (intraocular Lens). Model: Mcs602. Box 1. Execellent Hi-Care Pvt Ltd, India Produced.	**	**
100%new Medical Equipment: Artificial Lens For Long -term Implants In The Human Body, Over 30 Days (intraocular Lens). Model: Mcs 602. Box 1 Pc. Execellent Hi-Care Pvt Ltd, India Produced.	**	**
100% New Medical Equipment: Performed Artificial Glass In The Human Body (intraocular Lens). Model: Mcs602. Box 1. Execellent Hi-Care Pvt Ltd, India Produced. Foc	**	**
100%new Medical Equipment: Artificial Lens For Long -term Implants In The Human Body, Over 30 Days (intraocular Lens). Model: Mcs 602. Box 1 Pc. Execellent Hi-Care Pvt Ltd, India Produced. Foc	**	**
Intraocular Lens Optima Pmma Mcs 553	**	**
Intraocular Lens Optima Pmma Mcs 602	**	**
Medical Instrument 100%: Vitreous Artificial (intraocular Lens). Model: Mcs553. Box 1 Female. Execellent Hi-Care Pvt Ltd, India Produced. Foc	**	**
Medical Instrument 100%: Vitreous Artificial (intraocular Lens). Model: Mcs602. Box 1 Female. Execellent Hi-Care Pvt Ltd, India Produced. Foc	**	**
Medical Instrument 100%: Vitreous Artificial (intraocular Lens). Model: Mcs602. Box 1 Female. Execellent Hi-Care Pvt Ltd, India Produced.	**	**
Medical Instrument 100%: Vitreous Artificial (intraocular Lens). Model: Mcs553. Box 1 Female. Execellent Hi-Care Pvt Ltd, India Produced.	**	**

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