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What is the Expected Growth Rate of the Aphakia Market from 2024 to 2033?

The aphakia market has rapidly expanded, growing from $1.5 billion in 2023 to $1.68 billion in 2024 at a CAGR of 12.3%. This growth is attributed to the increasing prevalence of cataracts, advancements in surgical techniques, greater awareness about eye health, a rising number of eye surgeries, and an increase in clinical trials.

The aphakia market is expected to grow to $2.69 billion by 2028, at a CAGR of 12.5%. The growth is driven by demand for advanced intraocular lenses, more ophthalmic surgeries, increased eye trauma, medical tourism for eye surgeries, and a focus on personalized treatments. Trends include digital technology in cataract surgery, advancements in minimally invasive techniques, lens material improvements, patient-specific data analytics, and robotic-assisted surgery adoption.

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What Key Factors Are Fueling the Growth of the Aphakia Market?

The rising prevalence of cataracts is expected to drive growth in the aphakia market. Cataracts, which cloud the eye’s lens, are increasing due to aging populations and factors like sun exposure and smoking. This condition often requires lens removal surgery, leaving the eye without its natural lens, a condition known as aphakia. The UK Eye Care Statistics Survey in July 2023 estimated a 23.7% increase in cataract admissions from the previous year. Therefore, the rise in cataract cases supports the aphakia market’s growth.

What Are the Major Segments of the Aphakia Market?

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

What New Trends Are Transforming the Aphakia Market?

Companies in the aphakia market are developing presbyopia-correcting intraocular lenses (IOLs) to enhance vision outcomes. For example, in November 2023, Alcon launched the Clareon Vivity IOL in Canada, a non-diffractive extended depth of focus lens that improves focus and reduces visual disturbances for cataract patients.

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Which Regions Are Driving Growth in the Aphakia Market?

North America was the largest region in the aphakia market in 2023. 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.

The Aphakia Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the aphakia market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Aphakia Market Include

1. Aphakia Market Executive Summary

2. Aphakia Market Segments

3. Aphakia Market Size And Template Market Growth Rate

4. Key Aphakia Market Trends

5. Major Aphakia Market Drivers

……

25. Key Mergers And Acquisitions In The Aphakia Market

26. Top Aphakia Companies

27. Aphakia Market Opportunities And Strategies

28. Aphakia Market, Conclusions And Recommendations

29. Appendix

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