Get 20% off on Global Market Reports until March 31st! Use code FY25SAVE at checkout.

How has the implantable collamer lens market grown over the years?

There has been a significant expansion in the size of the implantable collamer lens market in the last few years. The market is set to rise from $19.53 billion in 2024 to $20.91 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 7.10%. The historical period has recorded growth due to heightened awareness about vision correction alternatives, increase in the acceptance of less invasive surgeries, surge in instances of refractive errors, beneficial reimbursement policies in crucial regions, and a rise in financial contributions to ophthalmic research.

What Is the forecasted market size and growth rate for the implantable collamer lens market?

In the coming years, the implantable collamer lens market is projected to experience robust expansion, reaching $27.25 billion by 2029 at a CAGR of 6.84%. The main drivers for this surge during the forecast period could be the growing demand for enduring vision correction options, the increasing instances of myopia and astigmatism, heightened concentration on personalized and patient-centric implants, a rising aging populace with escalating eye care requirements, and the augmentation of outpatient surgical facilities. During this forecast period, trends to watch for include the adoption of AI in pre-surgical procedures, the creation of foldable and biocompatible lens materials, partnerships between manufacturers and healthcare providers, advances in lens material and design technology, and improvements in implantable lens technology.

Get your implantable collamer lens market report here!

https://www.thebusinessresearchcompany.com/report/implantable-collamer-lens-global-market-report

What are the major factors driving growth in the implantable collamer lens market?

The increasing cases of vision impairments could positively affect the implantable collamer lens market in the future. Vision disorders, which pertain to anything that interferes with clear sight, are rising globally due to an aging demographic, more time spent in front of screens, and increased cases of ailments like myopia and age-related macular degeneration. Implantable Collamer Lenses (ICLs) present an effective solution to these disorders, providing a safe and easily reversible alternative to traditional refractive surgeries such as LASIK. For example, a World Health Organization report in August 2023 stated that over 2.2 billion people worldwide suffer from long or short sightedness, with half of these cases being preventable or yet to be addressed. Additionally, as per the Welsh Government in July 2023, there were about 1,563 new vision impairment certificates issued in 2021-22, marking a 49.1% increase from the year before. Thus, the mounting incidence of vision disorders is propelling the progress of the implantable collamer lens market. The aging population is another factor carrying significant influence on the future growth of the implantable collamer lens market. The growing aged population worldwide, due to extended lifespan, healthcare advancements, and dwindling birth rates, results in an increasing ratio of elderly individuals in many societies. Implantable collamer lenses (ICLs) offer a valuable remedy for the ageing demographic by providing a permanent solution for common age-associated vision problems such as presbyopia, thus granting clearer, more natural sight without the need for reading glasses or contacts. For instance, according to July 2024 data from the House of Commons Library, 19% of the UK population in 2022, around 12.7 million individuals, were aged above 65. This segment is predicted to grow to 22.1 million by 2072, making up 27% of the population. Therefore, the expanding elderly population is propelling the growth of the implantable collamer lens market.

What key areas define the segmentation of the global implantable collamer lens Market?

The implantable collamer lens market covered in this report is segmented –

1) By Type: Visian Implantable Collamer Lens (ICL), EVO Implantable Collamer Lens (ICL)

2) By Technology Adoption: Laser-Assisted Techniques, Traditional Techniques

3) By Application: Myopia, Hyperopia, Astigmatism

4) By End User: Ophthalmic Clinics, Hospitals, Ambulatory Surgical Center, Other End User

Subsegments:

1) By Visian Implantable Collamer Lens (ICL): Visian ICL for Myopia, Visian ICL For Hyperopia, Visian ICL For Astigmatism, Visian ICL For Presbyopia

2) By EVO Implantable Collamer Lens (ICL): EVO ICL For Myopia, EVO ICL For Hyperopia, EVO ICL For Astigmatism, EVO ICL For Presbyopia

Get your free sample now – explore exclusive market insights:

https://www.thebusinessresearchcompany.com/sample.aspx?id=20840&type=smp

What are the top market players propelling the growth of the implantable collamer lens industry?

Major companies operating in the implantable collamer lens market are STAAR Surgical Company

What are the key trends shaping the future of the implantable collamer lens market?

Major companies operating in the implantable collamer lens (ICL) market are focusing on advancements in lens technology and gaining approval to gain a competitive edge in the industry. The Implantable Collamer Lens is designed to correct refractive vision errors, offering a minimally invasive solution for myopia and astigmatism. For instance, in April 2022, STAAR Surgical Company, a US-based manufacturer and marketer of implantable lenses and companion delivery systems for the eye, revealed that the U.S. Food and Drug Administration (FDA) has approved the EVO/EVO+ Visian Implantable Collamer Lens (EVO) for correcting myopia and myopia with astigmatism. The EVO Visian ICL lens is designed to correct or reduce nearsightedness ranging from -3.0 D to -20.0 D and address astigmatism between 1.0 D and 4.0 D.

Unlock exclusive market insights – purchase your research report now for a swift delivery!

https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=20840

What regions are dominating the implantable collamer lens market growth?

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

Browse Through More Similar Reports By The Business Research Company:

Optical Instrument and Lens Global Market Report 2025

https://thebusinessresearchcompany.com/report/optical-instrument-and-lens-global-market-report

Intraocular Lens Global Market Report 2025

https://thebusinessresearchcompany.com/report/intraocular-lens-global-market-report

Coloured Contact Lenses Global Global Market Report 2025

https://thebusinessresearchcompany.com/report/coloured-contact-lenses-global-market-report

About The Business Research Company:

With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.

Contact us at:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293

Asia +44 2071930708

Europe +44 2071930708

Email us at [email protected]

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Found this article helpful? Share it on: