Press release
Innovations and Rising Demand Propel Growth in the Global Intraocular Lens Market
Intraocular Lens Market Size
The global intraocular lens (IOL) market is experiencing significant growth, propelled by an increasing prevalence of eye-related disorders, supportive government initiatives, and continuous technological advancements. According to a report by Mordor Intelligence, the market size is estimated at USD 6.89 billion in 2025 and is projected to reach USD 9.50 billion by 2030, reflecting a compound annual growth rate (CAGR) of 6.63% during the forecast period.
Report Overview: https://www.mordorintelligence.com/industry-reports/global-intra-ocular-lens-market-industry
Key Trends
Several key trends are shaping the intraocular lens market:
Rising Prevalence of Ophthalmic Disorders: The global increase in eye conditions such as myopia and glaucoma is a significant driver. A study published in the British Journal of Ophthalmology in August 2024 reported a steady rise in myopia prevalence, reaching 35.81% in 2023, with projections of 36.59% by 2040 and 39.80% by 2050. Additionally, data from the Saudi Arabia Ministry of Health in January 2023 indicated that over 60 million people worldwide were affected by glaucoma in 2023.
Government Initiatives Enhancing Eye Care: Global efforts to improve eye health are contributing to market growth. For instance, in November 2024, the World Health Organization's Strengthening Provision of Eye Care Services (SPECS) 2030 project in Assam, India, aimed to address refractive errors, enhancing vision for millions. Similarly, in October 2024, the Kisima Health Center in Samburu County, Kenya, launched a project to improve eye health in local villages, training community health volunteers in eye care.
Technological Advancements in IOLs: Innovations in intraocular lens technology are leading to improved patient outcomes. For example, an article in Scientific Reports in October 2024 highlighted that the upgraded monofocal IOL (Tecnis Eyhance ICB00) provided better intermediate visual results and comparable distance vision acuity to conventional monofocal IOLs. Such advancements are increasing the adoption of advanced IOLs.
Market Segmentation
The intraocular lens market is segmented based on product type, application, end-user, and geography:
By Product:
Monofocal Intraocular Lens: Designed for a fixed focal point at a single distance, these lenses are widely used due to their effectiveness and advancements. The segment is anticipated to grow with a CAGR of 6.83% during the forecast period, with market value estimated at USD 0.39 billion in 2024, projected to reach USD 0.53 billion by 2029.
Accommodative Intraocular Lens: These lenses adjust focus for different distances, mimicking the eye's natural accommodation.
Multifocal Intraocular Lens: Providing multiple focal points, these lenses reduce dependence on glasses.
Toric Intraocular Lens: Specifically designed to correct astigmatism.
By Application:
Cataract: The most common application, with the cataract surgery segment anticipated to secure the largest market share, with a CAGR of 4.9% throughout 2024 to 2029, expected to reach USD 2.71 billion by 2029.
Presbyopia: Age-related condition addressed by specific IOLs.
Corneal Disorder: Conditions requiring specialized lens solutions.
Other Applications: Including refractive errors and trauma cases.
By End User:
Hospitals: Primary centers for IOL implantations.
Ambulatory Centers: Specialized facilities offering eye surgeries.
Other Centers: Including eye clinics and specialized institutions.
By Geography:
North America: Expected to capture a substantial market share, with forecasts suggesting a value of USD 2.27 billion in 2024, rising to USD 3.04 billion by 2029. Factors include a rise in vision-related disorders and strong uptake of innovative technologies.
Europe: Projected to reach USD 2.03 billion in 2025, growing at a CAGR of 6.75% to reach USD 2.81 billion by 2030. Growth driven by increasing burden of cataracts and technological advancements.
Asia-Pacific: Identified as the fastest-growing market, driven by a large patient pool and improving healthcare infrastructure.
Rest of the World: Includes regions with emerging markets and growing healthcare investments.
Get a Customized Report Tailored to Your Requirements: https://www.mordorintelligence.com/market-analysis/medical-optical-imaging
Key Players
The intraocular lens market is moderately fragmented, with several key players contributing to its growth:
Alcon: A leading company in eye care products, known for its innovative IOL solutions.
Carl Zeiss Meditec AG: Renowned for advanced optical technologies and high-quality IOLs.
Bausch Health Companies Inc. (Bausch + Lomb): Offers a wide range of ophthalmic products, including IOLs.
HOYA Corporation: Specializes in medical technology, providing advanced IOL options.
Conclusion
The global intraocular lens market is on a strong growth trajectory, driven by the rising prevalence of eye disorders, technological advancements, and increasing access to ophthalmic care. With a projected market value of USD 9.50 billion by 2030, the industry is poised for continued innovation and expansion. As key players introduce advanced IOLs with enhanced vision correction capabilities, the market will play a crucial role in improving global eye health and quality of life.
Industry Related Reports
Europe Intraocular Lens Market: The report analyzes Intraocular Lens companies and brands across Europe, segmenting the market based on Product Type (Monofocal Intraocular Lens, Accommodative Intraocular Lens, Multifocal Intraocular Lens, and Toric Intraocular Lens), End-User (Hospitals, Ambulatory Centers, and Other End-Users), and Geographic Region (Germany, United Kingdom, France, Italy, Spain, and the Rest of Europe).
To know more visit this link: https://www.mordorintelligence.com/industry-reports/europe-intra-ocular-lens-market-industry
Scleral Lens Market: The report examines global manufacturers in the Scleral Lens market, segmenting the industry by Type (Corneo-Scleral Lenses, Semi-Scleral Lenses, Mini-Scleral Lenses, and Full Scleral Lenses), Application (Irregular Cornea, Ocular Surface Disease, Refractive Error, and Other Applications), End User (Hospitals, Eye Clinics, and Other End Users), and Geography (North America, Europe, Asia-Pacific, and the Rest of the World).
To know more visit this link: https://www.mordorintelligence.com/industry-reports/scleral-lens-market
Therapeutic Contact Lenses Market: The Therapeutic Contact Lenses Market is categorized by Product (Intraocular Lenses, Progressive Lenses, and Others), Application (Myopia, Presbyopia, Corneal Surgery/Disorders, Post-Ocular Surgery, Drug Delivery, and Others), End User (Hospitals, Ambulatory Centers, and Other End Users), and Geography (North America, Europe, Asia-Pacific, Middle East & Africa, and South America).
To know more visit this link: https://www.mordorintelligence.com/industry-reports/therapeutic-lenses-market
For any inquiries or to access the full report, please contact:
media@mordorintelligence.com
https://www.mordorintelligence.com/
About Mordor Intelligence:
Mordor Intelligence is a trusted partner for businesses seeking comprehensive and actionable market intelligence. Our global reach, expert team, and tailored solutions empower organizations and individuals to make informed decisions, navigate complex markets, and achieve their strategic goals.
With a team of over 550 domain experts and on-ground specialists spanning 150+ countries, Mordor Intelligence possesses a unique understanding of the global business landscape. This expertise translates into comprehensive syndicated and custom research reports covering a wide spectrum of industries, including aerospace & defense, agriculture, animal nutrition and wellness, automation, automotive, chemicals & materials, consumer goods & services, electronics, energy & power, financial services, food & beverages, healthcare, hospitality & tourism, information & communications technology, investment opportunities, and logistics.
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