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Primary Catalyst Driving Intraocular Lens Market Evolution in 2025: Intraocular Lens Market Surges As Prevalence Of Eye Diseases Including Glaucoma Spurs Demand Driver
Intraocular Lens
The growth of the intraocular lens market is being fuelled by the increasing occurrence of eye disorders. Vision issues are often caused by eye conditions such as macular degeneration, glaucoma, and cataracts. An intraocular lens, which is an artificial lens associated with the eye, replaces the eye's natural lens that is removed during cataract surgery. For example, the Association of British Dispensing Opticians revealed in October 2022 that over two million people in the UK are at risk of losing their sight due to glaucoma, with approximately 1,390,000 individuals suffering from ocular hypertension and an additional 708,000 with glaucoma. This escalating occurrence of eye diseases is forecasted to catalyze the intraocular lens market.
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What is the projected compound annual growth rate (CAGR) of the intraocular lens market from 2025 to 2034, and what factors influence it?
Over the past few years, the market size of intraocular lenses has seen significant growth. The market is projected to expand from $5.29 billion in 2024 to $5.78 billion in 2025, with a compound annual growth rate (CAGR) of 9.3%. Factors such as increased patient expectations and satisfaction, a rise in outpatient cataract surgeries, the implementation of phacoemulsification, advancements in surgical techniques, and the shift towards foldable materials have contributed to the historic period growth.
In the upcoming years, the market size for intraocular lenses is projected to experience swift expansion. It is anticipated to reach a worth of $8.72 billion by 2029, progressing at a compound annual growth rate (CAGR) of 10.8%. The predicted growth within this period can be accredited to various factors such as increased focus on developing markets, the rise in the elderly population, higher cataract surgery rates, the appeal for premium IOLs, and the transition to outpatient procedures. Key trends expected during this projected period encompass the escalation in cataract surgeries, the shift towards less invasive surgery, a surge in demand for improved visual results, changes in regulations and approvals, along with advancements in surgical techniques.
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How are the latest trends influencing the growth of the intraocular lens market?
Advancements in intraocular lens technology are becoming a significant trend in the intraocular lens market. For instance, Alcon, an international eye care pioneer, declared the commercial release of the first-ever presbyopia-correcting intraocular lens featuring wavefront-shaping technology, named AcrySof IQ Vivity IOL (Vivity), in January 2022. This novel lens is now accessible to ophthalmologists in India for cataract surgery patients.
What are the major segments of the intraocular lens market and their role in driving growth?
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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Which regions are key players in the growth of the intraocular lens market?
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.
Who are the key firms paving the way for growth in the intraocular lens market?
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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What Is Covered In The Intraocular Lens Global Market Report?
•Market Size Forecast: Examine the intraocular lens market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the intraocular lens market for a structured understanding.
•Key Players Overview: Analyze major players in the intraocular lens market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the intraocular lens market.
•Segment Contributions: Evaluate how different segments drive overall growth in the intraocular lens market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the intraocular lens market.
•Industry Challenges: Identify potential risks and obstacles affecting the intraocular lens market.
•Competitive Landscape: Review strategic developments in the intraocular lens market, including expansions, agreements, and new product launches.
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