Global Intraocular Lens Market

Intraocular lenses (IOLs) are tiny, artificial lenses surgically inserted into the eyes of someone, usually because the person elected to have cataract surgery to regain clearer vision. IOLs were first developed in 1949 by British ophthalmologist Sir Harold Ridley in consultation with John Pike, an optical expert for the Rayner Optical Company. Materials for IOLs changed over the years, and updates to the surgery are continually made. Today, cataract surgeries and placement of IOLs are safe, minimally invasive, and effective procedures. The doctor will check the patient’s vision before the procedure, as IOLs have different focusing powers. They may be made of various materials, such as acrylic, silicone and other types of plastic. These are used to treat myopia, astigmatism, or cataracts. The global intraocular lens market is expected to increase by USD 1.6 billion, at a compound annual growth rate (CAGR) of 5.58% from 2023 to 2029, according to the latest edition of the Global Intraocular Lens Market Report.

The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global intraocular lens market. It presents a quantitative analysis of the market to enable stakeholders to capitalize on the prevailing market opportunities. The report also identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the product, material, end user, and region. The global market for intraocular lens can be segmented by product: monofocal IOLs, phakic IOLs, premium IOLs (toric IOLs, multifocal IOLs, accommodating IOLs, others). Monofocal IOLs held the highest share in the global intraocular lens market. However, the premium IOLs segment is forecast to register the highest CAGR during the forecast period 2023 – 2029. Intraocular lens market is further segmented by material: hydrophilic acrylic, hydrophobic acrylic, polymethyl methacrylate (PMMA), silicone. The hydrophobic acrylic segment is estimated to account for the largest share of the global intraocular lens market. Based on end user, the intraocular lens market is segmented into: eye research institutes, hospitals, ophthalmology clinics and ASCs. The ophthalmology clinics and ASCs segment held the largest share of the global intraocular lens market in 2022 and is anticipated to hold its share during the forecast period. On the basis of region, the intraocular lens market also can be divided into: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America. In 2022, North America made up the largest share of revenue generated by the intraocular lens market.

Market Segmentation
By product: monofocal IOLs, phakic IOLs, premium IOLs (toric IOLs, multifocal IOLs, accommodating IOLs, others)
By material: hydrophilic acrylic, hydrophobic acrylic, polymethyl methacrylate (PMMA), silicone
By end user: eye research institutes, hospitals, ophthalmology clinics and ASCs
By region: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America

The market research report covers the analysis of key stake holders of the global intraocular lens market. Some of the leading players profiled in the report include 66 Vision Tech Co., Ltd., AcuFocus Inc. (Bausch & Lomb Incorporated), Alcon Vision LLC, Anadolu Tip Teknolojileri S.A. (Zaraccom), Aurolab (an unit of Aravind Eye Care System), Bausch & Lomb Incorporated, Biotech Healthcare Holding GmbH, BVI Holdings Limited (PhysIOL Group SA), Care Group India, Carl Zeiss Meditec AG, Excellent Hicare Pvt Ltd, Eyekon Medical Inc., Hanita Lenses (ACS) Ltd., Hoya Corporation, HumanOptics AG, Johnson & Johnson Vision Care, Inc. (AMO), Kowa Company, Ltd. (Avansee), LensGen, Inc., Lenstec, Inc., Medennium Inc., Medicontur Ltd., Mediphacos Limitada, Nidek Co., Ltd., Omni Lens Pvt. Ltd., Ophtec B.V., Rayner Intraocular Lenses Limited, RxSight, Inc., SAV-IOL SA, SIFI MEDTECH s.r.l., STAAR Surgical AG, Tekia Inc, Teleon Surgical BV, U.S. IOL, Inc., among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.
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Scope of the Report
• To analyze and forecast the market size of the global intraocular lens market.
• To classify and forecast the global intraocular lens market based on product, material, end user, region.
• To identify drivers and challenges for the global intraocular lens market.
• To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global intraocular lens market.
• To identify and analyze the profile of leading players operating in the global intraocular lens market.

Why Choose This Report
• Gain a reliable outlook of the global intraocular lens market forecasts from 2023 to 2029 across scenarios.
• Identify growth segments for investment.
• Stay ahead of competitors through company profiles and market data.
• The market estimate for ease of analysis across scenarios in Excel format.
• Strategy consulting and research support for three months.
• Print authentication provided for the single-user license.

Global Intraocular Lens Market

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Global Intraocular Lens Market - Report Scope
REPORT ATTRIBUTE

DETAILS

Base Year

2022

Forecast Year

2023-2029

CAGR (2023-2029)

5.58%

Pages

95

Key Players

66 Vision Tech Co. Ltd., AcuFocus Inc. (Bausch & Lomb Incorporated), Alcon Vision LLC, Anadolu Tip Teknolojileri S.A. (Zaraccom), Aurolab (an unit of Aravind Eye Care System), Bausch & Lomb Incorporated, Biotech Healthcare Holding GmbH, BVI Holdings Limited (PhysIOL Group SA), Care Group India, Carl Zeiss Meditec AG, Excellent Hicare Pvt Ltd, Eyekon Medical Inc., Hanita Lenses (ACS) Ltd., Hoya Corporation, HumanOptics AG, Johnson & Johnson Vision Care Inc. (AMO), Kowa Company Ltd. (Avansee), LensGen Inc., Lenstec Inc., Medennium Inc., Medicontur Ltd., Mediphacos Limitada, Nidek Co. Ltd., Omni Lens Pvt. Ltd., Ophtec B.V., Rayner Intraocular Lenses Limited, RxSight Inc., SAV-IOL SA, SIFI MEDTECH s.r.l., STAAR Surgical AG, Tekia Inc, Teleon Surgical BV, U.S. IOL Inc.

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