Phakic Intraocular Lenses Market: By Product, Posterior Chamber Intraocular Lenses ), By Indication, By End Users and Region Forecast 2020-2031

Phakic Intraocular Lenses Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product (Anterior Chamber Intraocular Lenses (ACIOLs), Posterior Chamber Intraocular Lenses (PCIOLs)), By Indication (Myopia, Hyperopia, Astigmatism), By End Users (Hospitals, Ophthalmology Clinics, Ambulatory Surgical Centres) and Region Forecast 2020-2031

Phakic Intraocular Lenses Market size was valued at US$ 386.3 million in 2023 and is poised to grow at a CAGR of 5% from 2025-2031. Phakic intraocular lenses are synthetic lenses made of plastic or silicone, that are implanted over natural lenses inside eyes to rectify the ametropic condition. Phakic lenses are utilized to correct refractive errors, errors in the eye's focusing power. It has advantages over laser therapy such as a wide range of corrections, reversibility, fewer complications, outperforming other therapies in terms of best spectacle-corrected visual acuity (BSCVA), and preservation of natural lens.

An increasing number of myopic patients, rise in the prevalence of diabetes, grow in the number old age people with developing eye disorders, increasing screen time from the usage of gadgets, advancements in healthcare in developed countries, and increasing acceptance of the therapy are the main driving forces of the market. The phakic intraocular lens remains a main trend among the young generation in developed countries who prefer permanent lenses instead of wearing specs. Countries such as China, India, Japan, and South Korea prevail in the number of myopes consisting up to 80% of the population being myopic which is a main opportunity for the key players in the market as research is being done continuously to reduce the cost of implantation, thus successfully entering the developing countries. The biggest restraint for this market to expand is the cost of the implantation, the lack of reimbursement policies for the patients undergoing surgery, and the advancements in alternative options such as glasses, lenses, LASIK therapy, and photorefractive keratectomy.

Key Developments:

  • In January 2023, An affiliate of Bausch + Lomb has acquired AcuFocus, under a merger transaction with the parent company of AcuFocus. The acquisition will enhance Bausch + Lomb’s Surgical Portfolio with IC-8® Apthera™ Intraocular Lens.
  • In March, 2022 : STAAR Surgical Company received CE Mark and FDA approval for the latest significant development in phakic intraocular lenses Evolution (EVO/EVO+) version of the spherical and Toric Visian ICL.

Phakic Intraocular Lenses Market Summary

Study Period

2025-2031

Base Year

2024

CAGR

5%

Largest Market

North-America

Fastest Growing Market

Asia-Pacific

Phakic Intraocular Lenses Market Dynamics

Major brands are launching new and improved products for the treatment of ametropic conditions. The increasing demand and preference from the youth generation, adaptation from old generation and reduction of the cost of implantation will help to expand the market. The increasing prevalence of diabetes is also a main driving factor of ametropic conditions which in turn a tapping opportunity for implantation. The expected growth of myopes is around 50% of the world population by 2050. Moreover, development and launch of newer products by the companies significantly enhances the revenue of phakic intraocular lens market over the forecast timeframe.

Phakic Intraocular Lenses Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2025-2031

Market Size in 2023

US$ 386.3 million

Market CAGR

5%

By Product

  • Anterior Chamber Intraocular Lenses (ACIOLs)
    • Angle-supported ACIOLs
    • Iris-claw ACIOLs
  • Posterior Chamber Intraocular Lenses (PCIOLs)

By Coundition

  • Myopia
  • Hyperopia
  • Astigmatism

By End User

  • Hospitals
  • Ophthalmology Clinics
  • Ambulatory Surgical Centres

By Region

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

Key Features of the Report

  • The phakic intraocular lenses market report provides granular level information about the market size, regional market share, historic market (2020-2024), and forecast (2025-2031)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and 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 start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter Five Force Analysis

Download Free Sample Report

Frequently Asked Questions

Phakic Intraocular Lenses Market size was valued at US$ 386.3 million in 2023 and is poised to grow at a CAGR of 5% from 2025-2031.

North America dominates the Phakic Intraocular Lenses Market with the largest revenue share

The biggest restraint for this market to expand is the cost of the implantation, lack of reimbursement policies for the patient’s undergoing surgery and the advancements in alternative options such as glasses, lenses, LASIK therapy, and photorefractive keratectomy.

Author image

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 Phakic Intraocular Lenses Market Introduction 
2.1. Global Phakic Intraocular Lenses Market  - Taxonomy
2.2. Global Phakic Intraocular Lenses Market  - Definitions
2.2.1. By Product Type
2.2.2. By Indication
2.2.3. By End User
2.2.4. By Region
3. Global Phakic Intraocular Lenses Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Key Developments
4. Global Phakic Intraocular Lenses Market  By Product Type, 2020-2024 and Forecast 2025-2031 (Sales Value USD Million)
4.1. Anterior Chamber Intraocular Lenses (ACIOLs)
4.1.1.   Angle-supported ACIOLs
4.1.1.1. Market Analysis, 2020-2024 and Forecast 2025-2031, (Sales Value USD Million)
4.1.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
4.1.1.3. Market Opportunity Analysis 
4.1.2.   Iris-claw ACIOLs
4.1.2.1. Market Analysis, 2020-2024 and Forecast 2025-2031, (Sales Value USD Million)
4.1.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
4.1.2.3. Market Opportunity Analysis 
4.2. Posterior Chamber Intraocular Lenses (PCIOLs)
4.2.1. Market Analysis, 2020-2024 and Forecast 2025-2031, (Sales Value USD Million)
4.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
4.2.3. Market Opportunity Analysis 
5. Global Phakic Intraocular Lenses Market  By Indication, 2020-2024 and Forecast 2025-2031 (Sales Value USD Million)
5.1. Myopia
5 1 1  Market Analysis, 2020-2024 and Forecast 2025-2031, (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. Hyperopia
5.2.1. Market Analysis, 2020-2024 and Forecast 2025-2031, (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. Astigmatism
5.3.1. Market Analysis, 2020-2024 and Forecast 2025-2031, (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 
6. Global Phakic Intraocular Lenses Market  By End User, 2020-2024 and Forecast 2025-2031 (Sales Value USD Million)
6.1. Hospitals
6.1.1. Market Analysis, 2020-2024 and Forecast 2025-2031, (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. Ophthalmology Clinics
6.2.1. Market Analysis, 2020-2024 and Forecast 2025-2031, (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. Ambulatory Surgical Centers
6.3.1. Market Analysis, 2020-2024 and Forecast 2025-2031, (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 Phakic Intraocular Lenses Market  By Region, 2020-2024 and Forecast 2025-2031 (Sales Value USD Million)
7.1. North America
7.1.1. Market Analysis, 2020-2024 and Forecast 2025-2031, (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. Europe
7.2.1. Market Analysis, 2020-2024 and Forecast 2025-2031, (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. Asia Pacific
7.3.1. Market Analysis, 2020-2024 and Forecast 2025-2031, (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 
7.4. Latin America
7.4.1. Market Analysis, 2020-2024 and Forecast 2025-2031, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
7.5. MEA
7.5.1. Market Analysis, 2020-2024 and Forecast 2025-2031, (Sales Value USD Million)
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.5.3. Market Opportunity Analysis 
7.6.  Global Phakic Intraocular Lenses Market - Opportunity Analysis Index, By Indication, Product Type, End User, and Region, 2024-2030
8. North America Phakic Intraocular Lenses Market, 2020-2024 and Forecast 2025-2031 (Sales Value USD Million)
8.1. Product Type Analysis,  2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.1.1. Anterior Chamber Intraocular Lenses (ACIOLs)
8.1.1.1.   Angle-supported ACIOLs 
8.1.1.2.   Iris-claw ACIOLs
8.1.2. Posterior Chamber Intraocular Lenses (PCIOLs)
8.2. Indication Analysis,  2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.2.1. Myopia
8.2.2. Hyperopia
8.2.3. Astigmatism
8.3. End User Analysis,  2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.3.1. Hospitals
8.3.2. Ophthalmology Clinics
8.3.3. Ambulatory Surgical Centers
8.4. Country Analysis,  2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.4.1. USA
8.4.2. Canada
9. Europe Phakic Intraocular Lenses Market, 2020-2024 and Forecast 2025-2031 (Sales Value USD Million)
9.1. Product Type Analysis,  2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1. Anterior Chamber Intraocular Lenses (ACIOLs)
9.1.1.1.   Angle-supported ACIOLs 
9.1.1.2.   Iris-claw ACIOLs
9.1.2. Posterior Chamber Intraocular Lenses (PCIOLs)
9.2. Indication Analysis,  2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1. Myopia
9.2.2. Hyperopia
9.2.3. Astigmatism
9.3. End User Analysis,  2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1. Hospitals
9.3.2. Ophthalmology Clinics
9.3.3. Ambulatory Surgical Centers
9.4. Country Analysis,  2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.4.1. Germany
9.4.2. France
9.4.3. Italy
9.4.4. Spain
9.4.5. UK
9.4.6. Rest of Europe
10. Asia Pacific Phakic Intraocular Lenses Market, 2020-2024 and Forecast 2025-2031 (Sales Value USD Million)
10.1. Product Type Analysis,  2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1. Anterior Chamber Intraocular Lenses (ACIOLs)
10.1.1.1.   Angle-supported ACIOLs 
10.1.1.2.   Iris-claw ACIOLs
10.1.2. Posterior Chamber Intraocular Lenses (PCIOLs)
10.2. Indication Analysis,  2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1. Myopia
10.2.2. Hyperopia
10.2.3. Astigmatism
10.3. End User Analysis,  2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1. Hospitals
10.3.2. Ophthalmology Clinics
10.3.3. Ambulatory Surgical Centers
10.4. Country Analysis,  2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1. China
10.4.2. Japan
10.4.3. South Korea
10.4.4. India
10.4.5. Rest of APAC
11. Latin America Phakic Intraocular Lenses Market, 2020-2024 and Forecast 2025-2031 (Sales Value USD Million)
11.1. Product Type Analysis,  2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1. Anterior Chamber Intraocular Lenses (ACIOLs)
11.1.1.1.   Angle-supported ACIOLs 
11.1.1.2.   Iris-claw ACIOLs
11.1.2. Posterior Chamber Intraocular Lenses (PCIOLs)
11.2. Indication Analysis,  2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1. Myopia
11.2.2. Hyperopia
11.2.3. Astigmatism
11.3. End User Analysis,  2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1. Hospitals
11.3.2. Ophthalmology Clinics
11.3.3. Ambulatory Surgical Centers
11.4. Country Analysis,  2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1. Brazil
11.4.2. Mexico
11.4.3. Argentina
11.4.4. Rest of Latin America
12. MEA Phakic Intraocular Lenses Market, 2020-2024 and Forecast 2025-2031 (Sales Value USD Million)
12.1. Product Type Analysis,  2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1. Anterior Chamber Intraocular Lenses (ACIOLs)
12.1.1.1.   Angle-supported ACIOLs 
12.1.1.2.   Iris-claw ACIOLs
12.1.2. Posterior Chamber Intraocular Lenses (PCIOLs)
12.2. Indication Analysis,  2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1. Myopia
12.2.2. Hyperopia
12.2.3. Astigmatism
12.3. End User Analysis,  2020-2024 and Forecast 2025-2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1. Hospitals
12.3.2. Ophthalmology Clinics
12.3.3. Ambulatory Surgical Centers
12.4. Country Analysis,  2020-2024 and Forecast 2025-2031 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.  Competition Landscape
13.1. Strategic Dashboard of Top Market Players
13.2. Company Profiles (Introduction, Financial Analysis, Product Offerings, Key Developments, Strategies, and SWOT Analysis)
13.2.1. Johnson and Johnson
13.2.2. Carl Zeiss Meditec
13.2.3. Ophtec BV
13.2.4. Care Group
13.2.5. Alcon Laboratories
13.2.6. STAAR Surgical
14.  Research Methodology
15.  Key Assumptions and Acronyms

Key Market Players

  • Ambu
  • Duomed
  • Olympus
  • Ophtec BV
  • Care Group
  • Verathon Inc
  • Neoscope Inc
  • STAAR Surgical
  • Boston Scientific
  • PENTAX Medical

Related Industry Reports