Intraocular Lens Market 2025-2034: Key Highlights, Growth Dynamics, and Emerging Trends
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
How Are Key Drivers in the Industry Acting as Catalysts for the Growth of theIntraocular Lens Market?
The escalating rates of eye-related disorders are fuelling the expansion of the intraocular lens market. Vision-related issues arise from eye diseases such as macular degeneration, glaucoma, and cataracts. An intraocular lens, a synthetic lens pertaining to the eye, is utilized to replace the natural lens which is extracted during cataract surgery. For example, the Association of British Dispensing Opticians reported in October 2022 that over two million individuals in the UK are at risk of losing their vision due to glaucoma; approximately 1,390,000 people suffer from ocular hypertension while around 708,000 individuals are diagnosed with glaucoma. The increasing occurrence of eye disorders will propel the intraocular lens market.
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#What is the Projected CAGR for the Intraocular Lens Market Size from 2025 to 2034?
The market size of intraocular lenses has seen considerable growth lately. Estimated to rise from $5.29 billion in 2024, it is predicted to reach a valuation of $5.78 billion by 2025, with a compound annual growth rate (CAGR) of 9.3%. Factors contributing to this upward trajectory during the historical phase include patient demands and gratification, an increase in cataract operations performed on an outpatient basis, the advent of phacoemulsification, the progression in surgical procedures, and a shift towards foldable materials.
Anticipations are high for a swift expansion of the intraocular lens market in the upcoming years. It’s projected to reach a size of $8.72 billion in 2029, with a compound annual growth rate (CAGR) of 10.8%. The predicted growth can be linked to an emphasis on budding markets, an increasing elderly population, higher cataract surgery rates, a preference for premium IOLs, and a transition to outpatient procedures. Key trends for the forecast period involve an increase in cataract surgeries, a move towards less invasive surgeries, a demand for improved visual results, alterations and approvals in regulations, and modifications in surgical methods.
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What Are the Current Market Growth and Trends in theIntraocular Lens Market That Industry Players Should Watch?
The rise in technological breakthroughs in the field of intraocular lenses is becoming a significant trend in the intraocular lens market. In an instance from January 2022, globally-renowned eye care titan, Alcon, proclaimed the business debut of its groundbreaking presbyopia-correcting intraocular lens equipped with wavefront-shaping technology, the AcrySof IQ Vivity IOL (Vivity). This pioneering lens is now being offered to ophthalmologists in India for their patients needing cataract surgery.
What Are the Major Market Players Making an Impact on theIntraocular Lens Market Growth?
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.
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How Are the Key Segments of the Intraocular Lens Market Driving Opportunities and Innovations?
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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What Regions Are At the Forefront of #How Are Key Drivers in the Industry Acting as Catalysts for the Growth of theIntraocular Lens Market?# Market Expansion?
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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