Intraocular Lens Market: By Product Type, By Material, Silicone, and Hydrophobic Acrylate), By Distribution Channel, and Geography

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Intraocular Lens (IOL) Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product Type (Monofocal IOL, Multifocal IOL, Toric IOL, and Accommodative IOL), By Material (Polymethylmethacrylate (PMMA), Silicone, and Hydrophobic Acrylate), By Distribution Channel (Hospitals, Ambulatory Surgery Centers, and Ophthalmology Centers), and Region

Intraocular Lens (IOL) Market size was valued at US$ 4.18 billion in 2023 and is poised to grow at a CAGR of 6.8% from 2024-2030. Intraocular lens (IOL) are the medical devices that are implanted inside the eye during cataract surgery. They are artificial tiny lens used to replace the eye’s natural lens. The market are also used for a type of vision correction surgery, called as refractive lens exchange. Earlier, if the cataracts are removed in the surgery the patient had to wear very thick glasses since there was no device implanted in order to replace the focusing power of the eye.

The lens refracts the light rays that enter the eye, helping to see. If the patient has cataract, the lens becomes cloudy. The cataract surgery helps in the removal of the cloudy lens replacing it with clear intraocular lens (IOL) to improve the vision. Intraocular lenses (IOLs) are medical devices that are inserted into the eye to replace the natural lens in order to correct cataracts or refractive problems. The rapid growth of the geriatric population and associated eye disorders, rising prevalence of eye diseases and diabetes in the overall population around the world, technological advancements in intraocular lenses, and increasing government initiatives to control and treat cataract-related blindness are all factors driving this market forward. Companies' increasing focus on emerging markets, as well as a gradual transition toward newer technology, are providing considerable growth potential for intraocular lens manufacturers.

Intraocular Lens (IOL) Market Key Developments

In September 2017, Swiss Advanced Vision (SAV-IOL SA) announced the launch of LUCIDIS and EDEN, two new intraocular lenses (IOLs) for the cataract surgery, both using the Instant Focus EDOF patented technology.

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Intraocular Lens IOL Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

6.8%

Largest Market

North-America

Fastest Growing Market

North-America

Intraocular Lens (IOL) Market Dynamics

Increase in the prevalence of cataract and vision disorders are driving the growth of the intraocular lens (IOL) market. The developing technology is adding aid for the development of novel surgical options such as micro incision surgery and femtosecond lasers which is also playing a major role in the growth of market. The adoption of the modern surgical treatments and increasing diabetic population along with rise in conditions such as cataract and glaucoma is boosting the market. However, the higher cost involved in the the surgical procedures is likely to hinder the market. The complications such as refractive defects post-surgery are also hampering the market.

North America Got Significant Share

Intraocular Lens (IOL) Market Regional Analysis

Geographically, global intraocular lens (IOL) market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America market growth driven by increase in the prevalence of cataract, vision issues and rising diabetic patient population with ocular issues. According to the World Health Organization, the cataract is the leading cause for blindness. There are around 76.2% adults in U.S who underwent vision correction surgery in 2015, as per the Vision Council. The growth in this region is expected to be significant over the forecast period. Followed by North America are the regions of Europe and Asia Pacific. The government initiatives and the support from the non-profitable organizations in spreading awareness about the advanced surgical procedures is anticipated to propel the demand for the intraocular lens (IOL).

Latin America

Europe

Asia Pacific

Middle East

North America

Intraocular Lens IOL Market Segmentation Analysis

Report Benchmarks	Details
Report Study Period	2024-2030
Market Size in 2023	US$ 4.18 billion
Market CAGR	6.8%
By Product Type	Monofocal IOL Multifocal IOL Toric IOL Accommodative IOL
By Material	Polymethylmethacrylate (PMMA) Silicone Hydrophobic acrylate
By Distribution Channel	Hospitals Ambulatory Surgery Centers Ophthalmology Centers
By Region	North America Europe Asia-Pacific Latin America Middle East & Africa

Key Features of the Report

The intraocular lens iol market provides granular level information about the market size, regional market share, historic market (2019 to 2023) and forecast (2024 to 2030)
The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
The report tracks recent innovations, key developments and startup’s details that are actively working in the market
The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

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Frequently Asked Questions

Intraocular lens iol market size was valued at US$ 14.18 billion in 2023 and is projected to grow at a CAGR of 6.8% during the forecast period 2024-2030.

N/A is the fastest-growing for intraocular lens (iol) market

Increasing Ophthalmic Issues and Eye Diseases in the Diabetic Population

Author

Muni Kumar Meravath

Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....

1.Executive Summary

2.Global Intraocular Lens IOL Market Introduction

2.1.Global Intraocular Lens IOL Market - Taxonomy

2.2.Global Intraocular Lens IOL Market - Definitions

2.2.1.Product Type

2.2.2.Material

2.2.3.Distribution Channel

2.2.4.Region

3.Global Intraocular Lens IOL Market Dynamics

3.1. Drivers

3.2. Restraints

3.3. Opportunities/Unmet Needs of the Market

3.4. Trends

3.5. Product Landscape

3.6. New Product Launches

3.7. Impact of COVID 19 on Market

4.Global Intraocular Lens IOL Market Analysis, 2019 - 2023 and Forecast 2024 - 2030

4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)

4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%)

4.3. Market Opportunity Analysis

5.Global Intraocular Lens IOL Market By Product Type , 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)

5.1. Monofocal IOL

5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)

5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

5.1.3. Market Opportunity Analysis

5.2. Multifocal IOL

5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)

5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

5.2.3. Market Opportunity Analysis

5.3. Toric IOL

5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)

5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

5.3.3. Market Opportunity Analysis

5.4. Accommodative IOL

5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)

5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

5.4.3. Market Opportunity Analysis

6.Global Intraocular Lens IOL Market By Material, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)

6.1. Polymethylmethacrylate (PMMA)

6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)

6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

6.1.3. Market Opportunity Analysis

6.2. Silicone

6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)

6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

6.2.3. Market Opportunity Analysis

6.3. Hydrophobic acrylate

6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)

6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

6.3.3. Market Opportunity Analysis

7.Global Intraocular Lens IOL Market By Distribution Channel, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)

7.1. Hospitals

7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)

7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

7.1.3. Market Opportunity Analysis

7.2. Ambulatory Surgery Centers

7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)

7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

7.2.3. Market Opportunity Analysis

7.3. Ophthalmology Centers

7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)

7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

7.3.3. Market Opportunity Analysis

8.Global Intraocular Lens IOL Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)

8.1. North America

8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)

8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

8.1.3. Market Opportunity Analysis

8.2. Europe

8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)

8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

8.2.3. Market Opportunity Analysis

8.3. Asia Pacific (APAC)

8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)

8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

8.3.3. Market Opportunity Analysis

8.4. Middle East and Africa (MEA)

8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)

8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

8.4.3. Market Opportunity Analysis

8.5. Latin America

8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)

8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

8.5.3. Market Opportunity Analysis

9.North America Intraocular Lens IOL Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)

9.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%)

9.1.1.Monofocal IOL

9.1.2.Multifocal IOL

9.1.3.Toric IOL

9.1.4.Accommodative IOL

9.2. Material Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%)

9.2.1.Polymethylmethacrylate (PMMA)

9.2.2.Silicone

9.2.3.Hydrophobic acrylate

9.3. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%)

9.3.1.Hospitals

9.3.2.Ambulatory Surgery Centers

9.3.3.Ophthalmology Centers

9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%)

9.4.1.United States of America (USA)

9.4.2.Canada

10.Europe Intraocular Lens IOL Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)

10.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%)

10.1.1.Monofocal IOL

10.1.2.Multifocal IOL

10.1.3.Toric IOL

10.1.4.Accommodative IOL

10.2. Material Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%)

10.2.1.Polymethylmethacrylate (PMMA)

10.2.2.Silicone

10.2.3.Hydrophobic acrylate

10.3. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%)

10.3.1.Hospitals

10.3.2.Ambulatory Surgery Centers

10.3.3.Ophthalmology Centers

10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%)

10.4.1.Germany

10.4.2.France

10.4.3.Italy

10.4.4.United Kingdom (UK)

10.4.5.Spain

10.4.6.Rest of EU

10.4.7.

11.Asia Pacific (APAC) Intraocular Lens IOL Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)

11.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%)

11.1.1.Monofocal IOL

11.1.2.Multifocal IOL

11.1.3.Toric IOL

11.1.4.Accommodative IOL

11.2. Material Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%)

11.2.1.Polymethylmethacrylate (PMMA)

11.2.2.Silicone

11.2.3.Hydrophobic acrylate

11.3. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%)

11.3.1.Hospitals

11.3.2.Ambulatory Surgery Centers

11.3.3.Ophthalmology Centers

11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%)

11.4.1.China

11.4.2.India

11.4.3.Australia and New Zealand (ANZ)

11.4.4.Japan

11.4.5.Rest of APAC

12.Middle East and Africa (MEA) Intraocular Lens IOL Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)

12.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%)

12.1.1.Monofocal IOL

12.1.2.Multifocal IOL

12.1.3.Toric IOL

12.1.4.Accommodative IOL

12.2. Material Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%)

12.2.1.Polymethylmethacrylate (PMMA)

12.2.2.Silicone

12.2.3.Hydrophobic acrylate

12.3. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%)

12.3.1.Hospitals

12.3.2.Ambulatory Surgery Centers

12.3.3.Ophthalmology Centers

12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%)

12.4.1.GCC Countries

12.4.2.South Africa

12.4.3.Rest of MEA

13.Latin America Intraocular Lens IOL Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)

13.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%)

13.1.1.Monofocal IOL

13.1.2.Multifocal IOL

13.1.3.Toric IOL

13.1.4.Accommodative IOL

13.2. Material Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%)

13.2.1.Polymethylmethacrylate (PMMA)

13.2.2.Silicone

13.2.3.Hydrophobic acrylate

13.3. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%)

13.3.1.Hospitals

13.3.2.Ambulatory Surgery Centers

13.3.3.Ophthalmology Centers

13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%)

13.4.1.Brazil

13.4.2.Mexico

13.4.3.Rest of LA

14. Competition Landscape

14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis)

14.2.1.HOYA Corporation (Japan)

14.2.2.Alcon, Inc. (US)

14.2.3.Rayner Intraocular Lenses Limited (UK)

14.2.4.Carl Zeiss Meditec (Germany)

14.2.5.Alcon, Inc. (US)

14.2.6.NIDEK CO., LTD. (Japan)

14.2.7.Hanita Lenses R.C.A Ltd. (Israel)

14.2.8.Omni Lens Pvt Ltd. (India)

15. Research Methodology

16. Appendix and Abbreviations

Key Market Players

HOYA Corporation (Japan)
Alcon, Inc. (US)
Rayner Intraocular Lenses Limited (UK)
Carl Zeiss Meditec (Germany)
Alcon, Inc. (US)
NIDEK CO., LTD. (Japan)
Hanita Lenses R.C.A Ltd. (Israel)
Omni Lens Pvt Ltd. (India)
Swiss Advanced Vision (Switzerland)
Oculentis GmbH (Germany)
Aurolab (India)
Omni Lens Pvt Ltd. (India)

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