Intraocular Lens (IOL) Implants Market on Path to Hit $6.51 Billion by 2029 at 6.6% CAGR

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Intraocular Lens (IOL) Implants Market Outlook: What Size And CAGR Are Anticipated By 2025?
The market for intraocular lens (IOL) implants has experienced robust growth in recent years. The market size will escalate from $4.71 billion in 2024 to $5.03 billion in 2025, indicating a compound annual growth rate (CAGR) of 6.9%. The expansion during the historical period can be linked to factors such as a growing elderly population, higher incidence of cataract, increased eye care awareness, a surge in the acceptance of monofocal lenses, and an uptick in minimally invasive surgeries.

What Is the Expected CAGR for the Intraocular Lens (IOL) Implants Market Growth Through 2029?
In the coming years, the market size for intraocular lens (IOL) implants is projected to witness robust growth. It is predicted to escalate to $6.51 billion by 2029, growing at a compound annual growth rate (CAGR) of 6.6%. The expected surge in this time frame can be tied to the heightened demand for high-grade IOLs, a surge in outpatient cataract treatments, acceptance of femtosecond laser-assisted surgery, the implementation of government vision care initiatives, and broader access in developing markets. Key trends in the forecast time frame encompass a shift towards toric and multifocal IOLs, advancements in surgical tactics, the incorporation of AI in ophthalmology, the evolution of light-adjustable lenses, and a growing inclination towards personalised vision correction.

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What Are the Primary Drivers Behind Intraocular Lens (IOL) Implants Market Growth?
The intraocular lens (IOL) implants market is projected to expand due to the surge in cataract surgeries. The cataract surgical procedure involves the removal of the eye's murky lens, which is then replaced with an artificial intraocular lens, thereby restoring clear sight. The rise in cataract surgeries can be attributed mainly to the growing number of older people, as cataracts often occur with age, leading to an increased incidence of vision problems necessitating surgical procedures in this demographic. IOL implants enhance the effectiveness of cataract surgeries by substituting the eye's foggy natural lens with a transparent artificial one, leading to improved vision clarity and overall visual results. This also minimizes reliance on vision correction aids and facilitates quicker recuperation with sustained visual steadiness. For example, a report published by EyeWorld Magazine, a US-based ophthalmic publication, stated that in April 2022, about 9,750 US cataract surgeons conducted 4.6 million operations, averaging 472 operations each. The forecast for 2030 is that around 10,000 surgeons will undertake approximately 600 cases each year. Thus, the increasing trend of cataract surgeries is propelling the growth of the intraocular lens (IOL) implants market.

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What Are the Key Segments Driving Intraocular Lens (IOL) Implants Market Growth?
The intraocular lens (iol) implants market covered in this report is segmented -

1) By Types: Non-Foldable Intraocular Lens (IOL) Implants, Foldable Intraocular Lens (IOL) Implants
2) By Material Of Intraocular Lens (IOL): Silicone Intraocular Lens, Polymethyl Methacrylate (PMMA) Intraocular Lens, Hydrophilic Acrylic Intraocular Lens, Hydrophobic Acrylic Intraocular Lens, Combination Materials Intraocular Lens
3) By Surgical Technique: Phacoemulsification, Extracapsular Cataract Extraction (ECCE), Small Incision Cataract Surgery (SICS), Femtosecond Laser-Assisted Surgery
4) By Application: Cataract Surgery, Refractive Surgery, Presbyopia Correction, Secondary Intraocular Lens Implantation
5) By End User: Hospitals, Ambulatory Surgical Centers (ASCs), Ophthalmology Clinics, Eye Research Institutes, Other End Users

Subsegments:
1) By Non-Foldable Intraocular Lens (IOL) Implants: Rigid Polymethyl Methacrylate (PMMA) Intraocular Lenses, Anterior Chamber Intraocular Lenses, Posterior Chamber Intraocular Lenses
2) By Foldable Intraocular Lens (IOL) Implants: Hydrophilic Acrylic Intraocular Lenses, Hydrophobic Acrylic Intraocular Lenses, Silicone Intraocular Lenses, Collamer Intraocular Lenses

What Are the Technological Trends Impacting the Intraocular Lens (IOL) Implants Market?
Top corporations in the intraocular lens (IOL) implants industry are honing their focus on fabricating innovative creations like cutting-edge presbyopia-correcting lenses that are meant to amplify visual results and lessen eyeglass reliance among patients. The revolutionary presbyopia-correcting lenses are sophisticated intraocular lenses aimed at reestablishing sharp vision across multiple distances such as near, medium, and far, specifically for those afflicted with presbyopia. The purpose of these lenses is to decrease or potentially eradicate the requirement of reading glasses or bifocals following cataract surgery, consequently providing patients with increased visual self-reliance and an elevated standard of living. As an instance, in June 2025, Johnson & Johnson, an American pharmaceutical firm, introduced the Tecnis Odyssey, an advanced intraocular lens, better known as a presbyopia-correcting lens which is constructed to yield lucid vision over all ranges and under different lighting conditions, with an end goal to amplify visual results and curtail patients' eyeglass reliance. This inventive product merges superior optics with a distinctive diffractive surface to project uninterrupted, high-contrast vision and is designed to lessen visual obstructions such as halos and glare during night-time, thus offering cataract patients enhanced visual liberty and an improved quality of life.

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Who Are the Major Competitors in the Global Intraocular Lens (IOL) Implants Market?
Major companies operating in the intraocular lens (iol) implants market are Bausch & Lomb Incorporated, Carl Zeiss Meditec AG, Appasamy Associates Private Limited, STAAR Surgical Company, Aurolab, Lenstec Inc., Rayner Intraocular Lenses Limited, Omni Lens Private Limited, Ophtec B.V., Hanita Lenses R.C.A Ltd., Shanghai Haohai Biological Technology Co. Ltd., Biotech Vision Care Pvt. Ltd., HumanOptics AG, Soleko S.p.A., Care Group Sight Solutions Private Limited, Cristalens Industrie SAS, SAV-IOL SA, Eyebright Medical Technology (Beijing) Co. Ltd., Eagle Optics Pvt. Ltd., SIFI S.p.A.

Which Region Dominates the Intraocular Lens (IOL) Implants Market Share in 2025?
North America was the largest region in the intraocular lens (IOL) implants market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the intraocular lens (iol) implants market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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