2025-2034 Intraocular Lens (IOL) Material Market Evolution: Disruptions, Innovations, and Untapped Opportunities

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

What Is the Expected CAGR for the Intraocular Lens (IOL) Material Market Through 2025?
In recent times, the market for intraocular lens (iol) material has seen significant expansion. Projected growth is from $4.06 billion in 2024 to $4.31 billion in 2025 with a compound annual growth rate (CAGR) of 6.1%. Several factors have contributed to this historical growth including a surge in global cataract cases, an increase in the global elderly population, greater demand for vision correction, more use of premium IOLs and heightened awareness about eye care.

What's the Projected Size of the Global Intraocular Lens (IOL) Material Market by 2029?
In the coming years, the market size for intraocular lens (iol) materials is anticipated to experience robust growth, escalating to $5.56 billion in 2029 with a compound annual growth rate (CAGR) of 6.6%. This growth during the forecast period is due to factors such as an increasing diabetic demographic, heightened governmental healthcare programs, the prevalence of minimally invasive procedures, improved global reimbursement support, and an increased focus on biocompatibility. Trending developments to watch during this period involve enhancements in lens biomaterials, innovation in IOL designs, progress in surgical methods, the implementation of premium IOLs, the inclusion of blue-light filters, and the incorporation of digital technologies.

View the full report here:
https://www.thebusinessresearchcompany.com/report/intraocular-lens-iol-material-global-market-report

Top Growth Drivers in the Intraocular Lens (IOL) Material Industry: What's Accelerating the Market?
The surge in incidents of eye problems linked to diabetes is set to boost the expansion of the intraocular lens (IOL) material market. These complications, which include diabetic retinopathy, cataracts, and glaucoma, occur from damage to the eye's blood vessels due to excessive blood sugar levels. The escalating cases of these eye issues primarily stem from the increasing occurrence of type 2 diabetes, thus putting more people at risk of conditions like diabetic retinopathy. IOL materials serve a crucial role in managing diabetics' eye complications by delivering improved vision post cataract surgeries, rectifying refractive errors, and augmenting visual outcomes in patients suffering from diabetic retinopathy. For instance, the European Medical Journal, a UK-based online medical journal, reported in July 2023 that about 9.6 million Americans were suffering from diabetic retinopathy. In 2021, it represented 26.43% of the total diabetes-diagnosed population in the nation. Hence, the rising cases of diabetes-associated ocular complications will stimulate the intraocular lens (IOL) material market's growth.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=24262&type=smp

Which Fast-Growing Trends Are Poised to Disrupt the Intraocular Lens (IOL) Material Market?
Key players in the intraocular lens (IOL) material market, like Beaver-Visitec International, are directing their efforts towards the development of advanced solutions such as hydrophobic monofocal intraocular lenses, to better the visual results after surgery and increase patient comfort. With its qualities of providing clear vision at one fixed distance and its water-resistant makeup, a hydrophobic monofocal intraocular lens is an artificial implant used in cataract operations. Demonstrating this trend, in April 2024, US-based medical company Beaver-Visitec International introduced the PODEYE hydrophobic monofocal intraocular lens (IOL) to the Japanese market. This product, sanctioned by Japan's Pharmaceuticals & Medical Devices Agency (PMDA) and showcased at the Japanese Ophthalmic Society meeting, is distinctive due to it's BVI's unique double C-loop POD haptic design, which was developed specifically to boost the stability of the lens. The PODEYE lens is fabricated utilizing the corporation's exclusive GFY hydrophobic material, noted for its total absence of glistening, a key requirement for Japanese surgeons and patients.

What Are the Main Segments in the Intraocular Lens (IOL) Material Market?
The intraocular lens (iol) material market covered in this report is segmented -

1) By Material Type: Hydrophilic Acrylic, Hydrophobic Acrylic, Silicone, Polymethyl Methacrylate (PMMA), Collamer
2) By Design Type: Monofocal Intraocular Lens (IOLs), Multifocal Intraocular Lens (IOLs), Accommodating Intraocular Lens (IOLs), Toric Intraocular Lens (IOLs), Extended Depth Of Focus Intraocular Lens (IOLs)
3) By Manufacturing Technology: Injection Molding, Laser Technology, Machining, 3D Printing, Other Advanced Manufacturing Techniques
4) By Application: Cataract Surgery, Refractive Surgery, Other Ophthalmic Procedures
5) By End User: Hospitals, Eye Clinics, Ambulatory Surgical Centers (ASCs), Other Healthcare Facilities

Subsegments:
1) By Hydrophilic Acrylic: Monofocal Hydrophilic Acrylic IOLs, Multifocal Hydrophilic Acrylic IOLs, Toric Hydrophilic Acrylic IOLs, Aspheric Hydrophilic Acrylic IOLs
2) By Hydrophobic Acrylic: Monofocal Hydrophobic Acrylic IOLs, Multifocal Hydrophobic Acrylic IOLs, Toric Hydrophobic Acrylic IOLs, Aspheric Hydrophobic Acrylic IOLs
3) By Silicone: Monofocal Silicone IOLs, Multifocal Silicone IOLs, Toric Silicone IOLs, Aspheric Silicone IOLs
4) By Polymethyl Methacrylate (PMMA): Rigid PMMA IOLs, Scleral-Fixated PMMA IOLs, Anterior Chamber PMMA IOLs
5) By Collamer: Phakic Collamer IOLs, Toric Phakic Collamer IOLs, Visian ICL

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=24262&type=smp

Which Top Companies are Driving Growth in the Intraocular Lens (IOL) Material Market?
Major companies operating in the intraocular lens (IOL) material market are Alcon Inc., HOYA Corporation, Bausch & Lomb Incorporated, Johnson & Johnson Surgical Vision Inc., Carl Zeiss AG, Rayner Intraocular Lenses Limited, STAAR Surgical Company, Eyekon Medical Inc., Omnilens Private Limited, Devine Meditech Private Limited, Lenstec Inc., Medicontur Medical Engineering Ltd., SIFI S.p.A., Hanita Lenses Ltd., Biotech Healthcare Group, HumanOptics AG, Oculentis GmbH, PowerVision Inc., Eyebright Medical Technology Co. Ltd., Global Ophthalmic Private Limited, OPHTEC BV, Wuxi Vision Pro Ltd.

Which Regions Will Dominate the Intraocular Lens (IOL) Material Market Through 2029?
North America was the largest region in the intraocular lens (IOL) material 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) material market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=24262

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Saumya Sahey
Europe: +44 7882 955267,
Asia: +44 7882 955267 & +91 8897263534,
Americas: +1 310-496-7795
Email: saumyas@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.