Aphakia Market Size Projected To Reach $3.02 Billion By 2034 With A Cagr Of 12.4%

The Aphakia Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Projected Growth of the Aphakia Market?
In the past few years, there has been a significant increase in the size of the aphakia market. The market is projected to rise from $1.68 billion in 2024 to $1.89 billion in 2025, indicating a compound annual growth rate (CAGR) of 12.6%. Several factors contributed to this increase during the historical period, such as the growing prevalence of cataracts, advancements in surgical procedures, augmented awareness regarding eye health, a boost in the number of eye surgeries, and an increase in clinical trials.

The market for aphakia is projected to experience a swift expansion in the upcoming years, rising to a value of $3.03 billion by 2029 with a CAGR of 12.4%. The predicted surge within this period is attributed to factors such as the rising demand for advanced intraocular lenses (IOLs), increased instances of ophthalmic surgical interventions, a growing rate of eye trauma, expanding medical tourism for eye surgeries, and an elevated focus on customized treatment alternatives. Key trends within this forecasting period include the incorporation of digital technology into cataract surgery, advancement in minimally invasive surgical methodology, improvements in lens material technology, the utilization of patient-specific data analytics, and the adoption of robotic-assisted surgical procedures.

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What Are the Different Aphakia Market Segments?
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 Are the Primary Drivers Shaping the Aphakia Market?
The escalating incidences of cataracts are projected to promote the expansion of the aphakia market. Cataracts are a condition characterized by the clouding of the eye's lens, resulting in compromised vision. The growth of this condition is linked to increasing populations, rising diabetes frequencies, excessive sunlight exposure, smoking, and substandard nutrition. The treatment of cataracts, which involves the removal of the affected eye's natural lens during surgery, leads to aphakia as the eye is left without its initial lens. For example, the Well-being of Future Generations Act (WFG), a government agency based in the UK, reported in their National UK Eye Care Statistics Survey for the years 2021-2023 that there were approximately 16,500 cataract admissions in 2022-2023, soaring by 23.7% from the previous year in July 2023. Consequently, the increasing frequency of cataracts is fuelling the growth of the aphakia market.

Which Companies Are Leading in the Aphakia Market?
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.

What Are the Major Trends Shaping the Aphakia Market?
Top firms active in the aphakia market, like Alcon, are introducing presbyopia-correcting intraocular lenses (IOL) to improve visual results and patient happiness. These advanced lenses address aphakia by mending vision and correcting presbyopia, enabling clear vision at several distances without additional glasses. To illustrate, Alcon, a surgical equipment business headquartered in Switzerland, released Clareon Vivity in Canada in November 2023. This groundbreaking nondiffractive extended depth of focus (EDOF) intraocular lens (IOL) offers superior vision quality with very few visual interruptions. The Clareon Vivity IOL is employed to cure aphakia, a circumstance where the eye's natural lens is removed, generally during cataract operations. The use of x-wave technology boosts focus without breaking the wavefront, minimizing halos and providing a more accurate visual experience. This important progression in the aphakia market gives cataract patients an exceptional alternative for presbyopia correction.

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What Are the Top Revenue-Generating Geographies 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.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Aphakia Market?
2. What is the CAGR expected in the Aphakia Market?
3. What Are the Key Innovations Transforming the Aphakia Industry?
4. Which Region Is Leading the Aphakia Market?

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