Aphakia Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers

"How Will the Aphakia Market Grow, and What Is the Projected Market Size?
The aphakia market has experienced quick expansion in the past few years. Its size is projected to increase from $1.68 billion in 2024 to $1.89 billion in 2025, sustaining a compound annual growth rate (CAGR) of 12.6%. Factors contributing to this growth in the historic period include a rising incidence of cataracts, enhancements in surgical procedures, growing consciousness about ocular health, an uptick in eye operations, and an increase in clinical trials.

The aphakia market is projected to experience substantial expansion in the coming years, reaching a staggering $3.03 billion by 2029 with a compound annual growth rate (CAGR) of 12.4%. The anticipated growth in this period can be attributed to the rising demand for state-of-the-art intraocular lenses (IOLs), an increase in ophthalmic surgical operations, a growing incidence of eye injuries, a surge in medical tourism specifically for eye surgeries, and an increased emphasis on patient-specific treatment options. Key trends expected during this forecast period encompass the incorporation of digital technology in cataract procedures, advances in minimally invasive surgical methods, improvements in lens materials, the application of patient-specific data analytics, and the uptake of robotics-assisted surgery.

What Key Elements Are Boosting Growth in the Aphakia Market?
The aphakia market is predicted to grow due to the increasing instances of cataracts. The condition of cataracts leads to the clouding of the eye's lens, resulting in reduced visual clarity. Various factors contribute to the rise in cataract cases, including growing populations, increased diabetes rates, high sunlight exposure, smoking habits, and suboptimal nutrition. The treatment of cataracts can lead to aphakia as it necessitates the surgical removal of the eye's natural lens to clear the clouded lens, leaving the eye lens-less. For example, data from the 2021-2023 National UK Eye Care Statistics Survey, undertaken by the UK government's Well-being of Future Generations Act (WFG) in July 2023, indicated around 16,500 admissions for cataract treatments in 2022-2023. This marked a noticeable increase of 23.7% compared to the previous year. Thus, the spike in the incidence of cataracts is the main catalyst for the expanding aphakia market.

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Who Are the Major Industry Players Fueling Aphakia Market Expansion?
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.

Which Key Developments Are Influencing the Aphakia Market?
Prominent players in the aphakia market are focusing on the advancement of presbyopia-correcting intraocular lenses (IOL) to improve visual results and patient gratification. Presbyopia-correcting IOLs are beneficial for aphakia as they restore vision and also correct presbyopia, allowing patients to see clearly at various distances without the need for additional glasses. For example, in November 2023, Alcon, a surgical equipment company based in Switzerland, introduced Clareon Vivity in Canada. This revolutionary extended depth of focus (EDOF) intraocular lens (IOL) provides high-quality sight with minimum visual disruptions. The Clareon Vivity IOL is utilized for the treatment of aphakia- a condition that involves the removal of the eye's natural lens, usually during a cataract operation. By using x-wave technology, sharper focus is achieved without wavefront fragmentation, thereby lessening halos for a more accurate visual sensation. This development is a substantial progression in the aphakia market, presenting an enhanced alternative for presbyopia correction to individuals with cataracts.

How Is the Segmentation of the Aphakia Market Defined?
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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What Is the Leading Region in 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.

What Is Covered In The Aphakia Global Market Report?

- Market Size Analysis: Analyze the Aphakia Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Aphakia Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Aphakia Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Aphakia Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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