Care Group (IOL & Ophthalmic)

What Care Group (IOL & Ophthalmic) does

Care Group (Care Group Sight Solution Pvt Ltd, operating as Care Group Global) is an India-based, privately held medical device manufacturer founded in 1987 in Vadodara, specializing in intraocular lenses (IOLs), phakic lenses, ophthalmic pharmaceuticals, and diagnostic strips. Its core manufacturing is anchored by a 100,000 sq.ft. production facility in Dabhasa, Padra (Gujarat), operated through its subsidiary Polymer Technologies International (E.O.U), with a current annual capacity of 4.0 million IOLs. The company's technology differentiation rests on proprietary Synchronized Cast Molding, in-house developed hydrophobic and hybrid hydrophilic acrylic materials that eliminate glistening effects, and patented optical designs including LiVision Technology (pupil correspondence), EDGEless Phase Matching, and slanted transition zone refractive-diffractive profiles.

The product portfolio spans five IOL categories (Conventional, Advanced, Premium presbyopia-correcting, Customized, and Add-on Sulcofix), the IPCL V2.0 phakic lens family (Aspheric, Toric, Presbyopic, Presbyopic Toric), an ophthalmic pharmaceutical line (Carelub, Mocare, Nepacon, Hiluron, Tropicare Plus, surgical irrigating solutions and silicone oils), and diagnostic strips. The company also distributes partner-branded ophthalmic equipment from Zeimer, Schwind, and Optovue. Regulatory credentials include ISO 9001:2000, CE Certification for hydrophobic IOLs, and US FDA approval for diagnostic strips, with a US Patent granted for the Hydrophobic Trifocal Lens in 2016.

Care Group generates revenue predominantly through B2B hardware sales of IOLs and consumables to ophthalmologists, eye hospitals, and eye care institutions in 30+ countries, distributed via direct sales and regional distribution networks. GTM combines a sales-led motion targeting healthcare providers with channel partners, supported by surgeon-facing digital tools (IPCL and Toric calculators) and a patient-education microsite. The company is founder-controlled (Mr. Jagrat Dave), has no disclosed external institutional funding, and operates a Chinese joint venture established in 2017-2018 for geographic expansion.

Name

Care Group (IOL & Ophthalmic)

Legal name

Care Group Sight Solution Pvt Ltd

Website

https://caregroupiol.com

Company type

Private

Founded year

1987

Operating status

Operating

Short description

Care Group is a privately held Indian medical device manufacturer founded in 1987 that designs, produces, and globally distributes intraocular lenses, phakic lenses, ophthalmic pharmaceuticals, and diagnostic strips to ophthalmologists and eye care institutions across 30+ countries.

Ownership category

akta.pro rank

Product category

Ophthalmic Medical Devices

NAICS

Ophthalmic Goods Manufacturing (339115), Surgical Appliance and Supplies Manufacturing (339113), Surgical and Medical Instrument Manufacturing (339112)

SIC

Ophthalmic Goods (3851), Surgical & Medical Instruments & Apparatus (3841)

akta.pro primary industry

Cataract Surgery Systems & IOLs (Phaco Systems, IOLs, Intraoperative Aberrometry, Viscoelastics) (HLAHAJAH)

akta.pro secondary industry

Ophthalmology Specialty Pharmaceuticals (HLAIACAK)

Keywords

• Intraocular lenses
• Ophthalmic medical devices
• Phakic lenses
• Cataract surgery products
• Ophthalmic pharmaceuticals

Headquarters

HQ city

Vadodara

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Intraocular Lenses Sales: Manufacturing and sale of conventional, advanced, premium, customized, and add-on intraocular lenses to eye care institutions and ophthalmologists globally.
2. Phakic Lenses Sales: Sale of IPCL V2.0 phakic lenses (Aspheric, Toric, Presbyopic, Presbyopic Toric variants) for refractive correction.
3. Ophthalmic Pharmaceuticals: Sale of pharmaceutical ophthalmic solutions including Carelub, Mocare, Nepacon, Hiluron, Tropicare Plus, and surgical irrigating solutions.
4. Diagnostic Strips: Sale of ophthalmic diagnostic strips including Fluo Strips, Tear Strips, Lissamine Green Strips, Rose Bengal Strips, and HiGlo Strips.
5. Medical Devices Segment: Manufacturing and marketing of intraocular lenses and related ophthalmic surgical products.
6. Equipment Segment: Distribution of ophthalmic equipment from partners including Zeimer, Schwind, and Optovue.
7. Pharmaceuticals Segment: Manufacturing and marketing of ophthalmic pharmaceutical products.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

Care Group manufactures and markets intraocular lenses (IOLs), phakic contact lenses (IPCL V2.0), ophthalmic pharmaceutical products, and diagnostic strips for cataract surgery and refractive correction. The company also distributes partner ophthalmic equipment (Zeimer, Schwind, Optovue) and provides surgical planning tools (IPCL Calculator, Toric Calculator). Products are sold to ophthalmologists, eye hospitals, and eye care institutions across 30+ countries, with manufacturing capacity of 4.0 million IOLs per annum.

Product overview

Care Group is a manufacturer and exporter of intraocular lenses (IOLs) and ophthalmic products founded in 1987, organized into three business segments: Medical Devices (IOLs), Equipment, and Pharmaceuticals. The IOL portfolio spans five categories: Conventional Monofocal IOLs (RYCF, Ocuflex), Advanced IOLs with aspheric optics (Acriol, Acriol EC, Acriol EC Versatile, Acriol Pre-Loaded, Magnificent, Micriol Plus, Ultima Plus, Ultima Plus Natural), Premium Presbyopic Correcting IOLs (TriDIFF, iDIFF Plus, AcriDiff, Triphobic, Naturo, Acriol Toric Multifocal, Acriol EC Toric), Customized IOLs (Ultima Smart Toric) and Add-on Supplemental IOLs (Sulcofix family). Phakic lenses include IPCL V2.0 variants (Aspheric, Toric, Presbyopic, Presbyopic Toric). Ophthalmic solutions comprise pharmaceutical products (antibiotics, anti-inflammatories, lubricants, surgical solutions) and diagnostic strips. The company also distributes equipment from Zeimer, Schwind, and Optovue. Supporting software includes IPCL Calculator and Toric Calculator web tools.

Differentiator

Problem solved

Functional benefit

Brands

• Acriol: Proprietary hydrophobic material IOL brand with aberration neutral, aspheric optic technology
• TriDIFF
• IPCL
• Triphobic
• AcriDiff
• Naturo
• Ultima Plus
• Magnificent

Products and services

• IPCL V2.0 Aspheric Hydrophilic one-piece implantable posterior chamber phakic IOL for myopia and hyperopia correction, featuring a central 380-micron hole for aqueous flow, six haptic pads for stability, and aspheric optic for excellent contrast sensitivity.
• IPCL V2.0 Toric Smart Toric IPCL V2.0 phakic IOL with customized design for every lens on 0°-180° axis placement, requiring only reference marking with no rotation needed.
• IPCL V2.0 Presbyopic Presbyopic phakic IOL with patented refractive-diffractive optic profile offering +15D to -30D range with cylinder correction up to 10D and presbyopic add up to +4D, providing high definition vision unlike LASIK.
• IPCL V2.0 Presbyopic Toric Premium phakic IOL combining toric astigmatism correction with presbyopic add capability, made from reinforced hybrid hydrophilic acrylic material with customization to +15D/-30D range.
• TriDIFF Trifocal IOL True trifocal IOL with patented slanted transition zone refractive-diffractive design providing +3.50D addition for near and +1.80D for intermediate vision, pupil independent with balanced light distribution.
• iDIFF Plus Presbyopic IOL New generation refractive-diffractive presbyopic IOL with 60/40 light distribution for far and near, pupil independent with slanted transition zones reducing glare and halos.
• Acriol Toric Multifocal IOL Patented design multifocal toric IOL with proprietary acrylic material and yellow tint, compensating for astigmatic errors while providing balanced light distribution for complete synchronized vision.
• AcriDiff Hydrophobic Presbyopic IOL High performance hydrophobic presbyopic IOL with refractive-diffractive design featuring slanted transition zones and yellow tint to block harmful high energy blue light.
• Triphobic Trifocal Hydrophobic IOL True trifocal hydrophobic MICL with glistening-free proprietary material, pale yellow tint to replicate natural lens color and block blue light, with slanted transition zones reducing light scattering and halos.
• Naturo Panfocal IOL EDGEless Phase Matching Technology IOL utilizing LiVision Technology for pupil correspondence and pupil independence without diffractive rings, providing better distance vision than monofocal without compromising near vision.
• Acriol EC Toric IOL Yellow hydrophobic acrylic toric IOL manufactured by synchronized cast-moulding ensuring consistent repeatability and superior surface quality with cylinder range from +1.0D to +6.0D.
• Magnificent Extended Depth IOL Extended depth IOL with Hyper Aspheric design providing seamless vision for intermediate and distance with higher MTF values ensuring better contrast sensitivity.
• Acriol EC Versatile IOL Aberration controlled IOL with ELP optimized design for predictable refractive outcome, preloaded delivery system, optimized blue blocker, and plate accommodative haptic.
• Acriol EC IOL Yellow hydrophobic acrylic IOL with aberration neutral aspheric optic, square edge design reducing PCO incidence, manufactured by synchronized cast molding.
• Acriol Hydrophobic IOL Hydrophobic IOL with proprietary material eliminating glistening effect, square edge reducing PCO incidence, refractive index 1.53 preventing reflectivity, aberration neutral aspheric optic.
• Acriol Pre-Loaded IOL Preloaded hydrophobic IOL with ELP optimized design for predictable refractive outcome, one-handed technique reducing preparation time, micro incision lens.
• Ultima Plus IOL Biconvex aspheric optic IOL with 360° square edge reducing PCO incidence, aberration neutral design providing better visual acuity and enhanced contrast.
• Ultima Plus Natural IOL Negative aspheric optic IOL with yellow tint replicating natural lens color, enhanced contrast sensitivity and improved functional vision with blue light blocking.
• Micriol Plus IOL Single-piece 4-haptic IOL designed for wider equatorial contact and reliable centration, implementing through sub 2mm incision with aberration neutral optic and 360° square edge.
• Ocuflex Monofocal IOL Foldable single-piece biconvex hydrophilic acrylic monofocal IOL with UV protection and non-ionic material reducing PCO incidence.
• RYCF Monofocal IOL Monofocal foldable single-piece IOL for cataract surgery with basic vision correction capabilities.
• Ultima Smart Toric IOL Completely customized toric IOL with surgeon-friendly plate haptic design, customized based on patient's refractive error, axial length, capsule bag size and anterior chamber depth, implanted along horizontal axis without axis marking.
• Sulcofix Add-On IOL High performance pseudophakic add-on IOL minimizing aberration and maximizing acuity with customized optic and haptic profile for excellent quality of vision.
• Sulcofix Multifocal Add-On IOL Multifocal pseudophakic add-on IOL for supplemental vision correction after primary cataract surgery with +3.5D near and +1.8D intermediate addition.
• Sulcofix Toric Add-On IOL Toric pseudophakic add-on IOL for astigmatism correction after primary IOL implantation.
• Sulcofix Toric Multifocal Add-On IOL Combined toric and multifocal pseudophakic add-on IOL correcting both astigmatism and presbyopia after primary surgery.
• Ophthalmic Pharmaceutical Products (Carelub, Mocare, Nepacon, Hiluron, Tropicare Plus, Contasol, Contasil) Ophthalmic pharmaceutical solutions including lubricating eye drops (Carelub), antibiotic formulations (Mocare gel, LP, UNI, PSF), NSAID eye drops (Nepacon), sodium hyaluronate (Hiluron), mydriatic agents (Tropicare Plus), and surgical irrigating solutions (Contasol, Contasil silicone oils).
• Ophthalmic Diagnostic Strips (Fluo, HiGlo, Lissamine Green, Rose Bengal, Tear) Ophthalmic diagnostic strips for clinical assessment including fluorescein sodium strips for corneal epithelium visualization, HiGlo strips for contact lens assessment, Lissamine Green and Rose Bengal for ocular surface staining, and Schirmer tear strips for tear production measurement.
• Zeimer Ophthalmic Equipment Partner-distributed ophthalmic surgical equipment from Zeimer Group for refractive and cataract surgical procedures.
• Schwind Ophthalmic Equipment Partner-distributed ophthalmic surgical equipment from Schwind for laser vision correction procedures.
• Optovue Ophthalmic Equipment Partner-distributed ophthalmic diagnostic equipment from Optovue for imaging and diagnostic purposes.
• IPCL Calculator Web-based lens power calculation tool for IPCL V2.0 phakic lenses to assist surgeons in determining appropriate lens power for patients.
• Toric Calculator Web-based calculation tool for toric IOL axis placement and cylinder power determination for astigmatism correction.
• UHDOF Hydrophobic IOL Ultra High-Definition Extended Depth of Focus Hydrophobic IOL with ultra-high-definition optics for exceptional clarity and visual quality in cataract surgery.

Quantifiable outcome

• Approximately 10 million cataract surgeries performed annually worldwide represent the addressable market
• +1 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Two partnerships are on record, tiered historical and minor.

• Ocular Technologies, USAhistoricalStrategic or Co-development PartnerTechnical collaboration with Ocular Technologies, USA during 1991-1995 period for technology transfer and manufacturing expertise in intraocular lenses. The joint venture agreement ended in 2010.
• Leading Company in China (Joint Venture)minorStrategic or Co-development PartnerStarted a joint venture with a leading company in China (2017-2018 period) for market expansion in the Chinese market.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Johnson & Johnson Vision (TECNIS): Markets the TECNIS IOL family (Symfony, Odyssey, Multifocal) and competes directly with Care Group's premium trifocal and EDOF IOLs. Comparable in offering breadth with substantially larger clinical evidence and surgeon network.
• Alcon: Global leader in ophthalmic surgical devices, including the PanOptix trifocal and Vivity EDOF IOL families. Directly comparable IOL portfolio across all premium and conventional tiers, with significantly larger global sales reach.
• Bausch + Lomb: Major diversified ophthalmic manufacturer with a full IOL portfolio (enVista, Trulign, LuxSmart) competing against Care Group's premium and conventional IOL lines across cataract surgery globally.
• Carl Zeiss Meditec: Premium IOL manufacturer (CT LUCIA, AT LISA) with strong European footprint and bundled surgical microscope/OCT offerings. Directly comparable premium IOL portfolio and overlapping surgeon customer base.

Direct peers

• HumanOptics: German specialty IOL manufacturer offering customized and premium IOLs including toric and multifocal designs — comparable in product specialization and premium-segment focus to Care Group.
• STAAR Surgical: Pure-play in phakic IOLs (Visian ICL) for refractive surgery — Care Group's IPCL V2.0 Presbyopic family competes head-to-head with ICL in the myopia, hyperopia, and presbyopia correction segments.
• Aurolab (Aravind Eye Foundation): Indian IOL manufacturer with mission-driven affordable cataract IOL focus and large emerging-market distribution. Closest peer in geographic base, cost positioning, and global health orientation.
• HOYA Surgical Optics: Pure-play IOL manufacturer (Vivinex, iSert) with comparable product tiers including preloaded hydrophobic IOLs and competes with Care Group in both developed and emerging cataract markets.

Emerging players

• Lenstec: Smaller specialty IOL manufacturer focused on premium and customized designs (Tetraflex, Softec HD) with comparable positioning to Care Group's premium IOL sub-brands such as TriDIFF and Ultima Smart Toric.

Regional players

• Appasamy Associates: Indian ophthalmic manufacturer producing IOLs, microscopes, and pharmaceuticals with primary India/South Asia distribution — comparable product breadth within Care Group's home market and adjacent geographies.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/caregroupglobal
• YouTubeyoutube.com/@CareGroupGlobal
• Facebookfacebook.com/caregroupglobal
• Instagraminstagram.com/caregroupglobal

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Care Group (IOL & Ophthalmic)