Unlocking the Future of the Intraocular Lens Market: Growth Rate, Key Trends, and Opportunities for 2025-2034
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What fueled the previous growth in the intraocular lens market?
Over recent years, the intraocular lens market has showcased robust growth. The market is projected to expand from $5.29 billion in 2024 to $5.78 billion in 2025, with an impressive compound annual growth rate (CAGR) of 9.3%. Factors that have contributed to its growth in the past include patient satisfaction and expectations, an increase in outpatient cataract procedures, the adoption of phacoemulsification, improvement in surgical methodologies, and the shift towards foldable materials.
What will be the intraocular lens market size in the future?
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What main drivers are fueling expansion in the intraocular lens market?
Growth in the intraocular lens market is being spurred on by an increase in the prevalence of eye ailments. Vision complications are often the result of eye diseases like macular degeneration, glaucoma, and cataracts. Utilized chiefly in cataract surgery, an intraocular lens is a man-made lens implanted into the eye, taking the place of the natural lens that’s been removed. As reported by the Association of British Dispensing Opticians in October 2022, a professional association for opticians based in the UK, over two million individuals are at risk of losing their sight due to glaucoma. Also, about 1,390,000 individuals are reported to have ocular hypertension, while a further 708,000 suffer from glaucoma. It is predicted that the increased prevalence of such eye diseases will serve as a catalyst for growth in the intraocular lens market.
What key areas define the segmentation of the global intraocular lens market?
The intraocular lens market covered in this report is segmented –
1) By Type: Monofocal Intraocular Lens, Multifocal Intraocular Lens, Toric Intraocular lens, Accommodating Intraocular Lens
2) By Material: Polymethylmethacrylate (PMMA), Silicone, Hydrophobic Acrylic
3) By End User: Hospitals, Ambulatory Surgery Centers, Ophthalmology Clinics, Eye Research Institutes
Subsegments:
1) By Monofocal Intraocular Lens: Standard Monofocal Lens, Aspheric Monofocal Lens
2) By Multifocal Intraocular Lens: Diffractive Multifocal Lens, Refractive Multifocal Lens
3) By Toric Intraocular Lens: Toric Monofocal Lens, Toric Multifocal Lens
4) By Accommodating Intraocular Lens: Dual-Optic Accommodating Lens, Single-Optic Accommodating Lens
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Who are the dominant players expanding their reach in the intraocular lens market?
Major companies operating in the intraocular lens market include Abbott Medical Optics Inc., Alcon Inc., Johnson & Johnson Vision Care Inc., Carl Zeiss Meditec AG, Nidek CO. Ltd, Staar Surgical Company, Hoya Corporation, Rayner Intraocular Lenses Limited, SIFI S.p.A, Ophtec, RxSight, Aurolab, Hanita Lenses, Oculentis, Lenstec, EyeKon Medical Inc., Atia Vision, Nayam Innovations, SAV-IOL SA, Biotech Healthcare Group, Physiol, LensGen Inc., Omega Ophthalmics, Ocumetics Technology Corporation, Calhoun Vision Inc., HOYA Surgical Optics, Bausch Health Companies Inc.
How are evolving market trends shaping intraocular lens Strategies?
The principle businesses in the intraocular lens market include Abbott Medical Optics Inc., Alcon Inc., Johnson & Johnson Vision Care Inc., Carl Zeiss Meditec AG, Nidek CO. Ltd, Staar Surgical Company, Hoya Corporation, Rayner Intraocular Lenses Limited, SIFI S.p.A, Ophtec, RxSight, Aurolab, Hanita Lenses, Oculentis, Lenstec, EyeKon Medical Inc., Atia Vision, Nayam Innovations, SAV-IOL SA, Biotech Healthcare Group, Physiol, LensGen Inc., Omega Ophthalmics, Ocumetics Technology Corporation, Calhoun Vision Inc., HOYA Surgical Optics, and Bausch Health Companies Inc.
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Which regions are emerging as leaders in the intraocular lens market?
North America was the largest region in the intraocular lens market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the intraocular lens market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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