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How has the aphakia market grown in recent years?

The aphakia market has expanded significantly in recent years, projected to rise from $1.68 billion in 2024 to $1.89 billion in 2025, reflecting a CAGR of 12.6%. Factors contributing to past growth include a rising incidence of cataracts, advancements in surgical techniques, heightened awareness of eye health, a surge in eye surgeries, and an increase in clinical trials.

How is the aphakia market size expected to evolve during the forecast period?

The aphakia market is poised for rapid growth, reaching $3.03 billion by 2029 at a 12.4% CAGR. Growth is driven by the rising demand for advanced intraocular lenses (IOLs), increasing ophthalmic surgeries, a growing prevalence of eye trauma, medical tourism for eye treatments, and personalized treatment options. Key trends include digital technology integration in cataract surgeries, advancements in minimally invasive surgical techniques, improvements in lens materials, implementation of patient-specific data analytics, and the adoption of robotic-assisted surgery.

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Which key drivers are propelling the aphakia market’s growth?

The increasing prevalence of cataracts is expected to drive the aphakia market. Cataracts, which cause clouding of the eye’s lens, are becoming more common due to aging populations, diabetes, prolonged sun exposure, smoking, and poor nutrition. Cataract surgeries often result in aphakia by removing the eye’s natural lens. The 2021-2023 National UK Eye Care Statistics Survey reported a 23.7% increase in cataract admissions, reaching 16,500 in 2022-2023, reflecting the growing demand for aphakia-related treatments.

What are the market segments in the aphakia industry?

The aphakiamarket covered in this report is segmented –

1) By Type: Congenital Aphakia, Surgical Aphakia, Acquired Aphakia

2) By Treatment: Spectacles, Contact Lenses, Intraocular Lens Implantation, Refractive Surgery

3) By End User: Hospitals, Ophthalmic clinics, Other End Users

Subsegments:

1) By Congenital Aphakia: Primary Aphakia, Secondary Aphakia

2) By Surgical Aphakia: Post-Cataract Surgery, Post-Lens Dislocation Surgery

3) By Acquired Aphakia: Trauma-Induced Aphakia, Disease-Induced Aphakia

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Which leading companies are shaping the growth of the aphakia market?

Major companies operating in the aphakia market are Johnson & Johnson Services Inc., Aetna Inc., Alcon Laboratories Inc., Hoya Corporation, CooperVision Inc., Carl Zeiss AG, Santen Pharmaceutical Co. Ltd., Appasamy Associates, Aurolab, Rayner Intraocular Lenses Limited, VSY Biotechnology, Ophtec BV, SIFI SpA, Aaren Scientific Inc., Mediphacos, Hanita Lenses Ltd., Menicon Co. Ltd., Lenstec Inc., Morcher GmbH, Bausch & Lomb Incorporated, Bohus BioTech AB, Nidek Co. Ltd., Swiss Advanced Vision AG, UltraVision CLPL, Medennium Inc.

What key trends are currently impacting the aphakia market’s development?

Major players in the aphakia market are developing presbyopia-correcting intraocular lenses (IOLs) to improve visual outcomes and patient satisfaction. These IOLs restore vision and correct presbyopia, enabling clear sight at multiple distances without additional eyewear. In November 2023, Alcon, a Switzerland-based surgical equipment company, launched Clareon Vivity in Canada, a nondiffractive extended depth of focus (EDOF) intraocular lens. It features x-wave technology to enhance focus without splitting the wavefront, reducing halos and improving visual clarity for cataract patients requiring presbyopia correction.

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Which geographic areas are influencing the growth of the aphakia market?

North America was the largest region in the aphakia market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aphakia market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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