mes026-global-intraocular-lens-market

Intraocular Lens (IOL) – A Global Market Overview

Published Date: Sep 2024

Report Code: MES026

Pages: 257

Charts: 206

Intraocular Lens (IOL) Market Trends and Outlook

An intraocular lens (IOL) is an artificial lens implanted in the eye to replace the natural lens and improve vision by directing light to the retina. The IOLs treat cataracts or correct refractive errors like myopia and hyperopia. The IOLs are created using materials like plastic, silicone, acrylic, or polymethyl methacrylate (PMMA) and are available in various types like monofocal, multifocal, toric, accommodating, extended depth-of-focus (EDOF), and light adjustable IOLs. Monofocal IOLs concentrate on one distance, whereas multifocal and EDOF lenses enable clear vision at different distances but could result in visual disruptions. Toric IOLs address astigmatism by requiring exact alignment, whereas accommodating IOLs work with eye muscles for minor adjustments in focus. Light-adjustable IOLs can be adjusted after surgery with UV light to provide accurate vision correction.

The global Intraocular Lens (IOL) market is estimated at US$4.6 billion in 2024 and is expected to record a CAGR of 5.9% during the 2024-2030 analysis period and stand at a projected US$6.5 billion by 2030.

global-intraocular-lens-market

The intraocular lens (IOL) market growth is driven by various factors, such as the increasing prevalence of eye conditions like cataracts and diabetic retinopathy, frequently associated with diabetes, and increased screen usage. Advancements in technology, like multifocal and toric lenses, enhance visual results further boosting the market demand. The rise in minimally invasive cataract surgeries, government efforts, and better healthcare infrastructure, particularly in emerging countries, also helps drive market growth. Additionally, an increasing elderly population and higher disposable income levels improve the availability of advanced IOLs. Growing global recognition and comprehension of cataract therapies, combined with improvements in medical advancements, continue to enhance the market. The advancements of innovative IOLs and favorable medical tourism trends will likely continue driving market growth.

Intraocular Lens (IOL) Regional Market Analysis

In 2024, North America, led by the United States, dominates the market with an estimated 36.5% share. This dominance is driven by high healthcare investment, advanced technology adoption, and favorable reimbursement policies. Europe is the second-largest IOL market, fueled by an aging population and ongoing innovation. Conversely, Asia-Pacific is projected to be the fastest-growing market with a 2024-2030 CAGR of 7.6% due to rising geriatric populations, increasing healthcare access, and medical tourism. Within Asia-Pacific, China holds the largest market share, while India is the fastest-growing market, reflecting its rapid advancements in healthcare infrastructure and increasing prevalence of eye conditions.

global-intraocular-lens-market by region

Intraocular Lens (IOL) Market Analysis by Type

Monofocal IOLs dominate the market with an estimated share of 48.3% in 2024 due to their low cost, widespread use in cataract surgeries, and favorable government reimbursement policies. However, the multifocal IOLs segment is expected to record the fastest CAGR of 6.7% during 2024-2030 due to rising demand for improved post-surgical vision correction, such as reducing dependence on reading glasses, and technological advancements making them more accessible and efficient in treating complex vision issues like astigmatism or presbyopia.

global-intraocular-lens-market by type

Intraocular Lens (IOL) Market Analysis by Material

In 2024, hydrophobic acrylic leads the market with a share of 34.3% due to its high refractive index, low water content, and suitability for minimally invasive surgeries. Ophthalmologists prefer them due to their high mechanical stability, biocompatibility, and low complication rates. Meanwhile, the hydrophilic acrylic IOL segment is projected to be the fastest-growing market with a CAGR of 6.9% during the forecast period 2024-2030, driven by their beneficial properties in specific applications and rising adoption.

Intraocular Lens (IOL) Market Analysis by End-User

The hospitals segment holds the largest market with an estimated 50.6% share in 2024, due to their advanced infrastructure, extensive services, and high volume of cataract surgeries. Their central role in IOL use is due to their comprehensive care, skilled ophthalmologists, and supportive government policies. On the other hand, the eye research institutes segment is anticipated to record the fastest CAGR of 7.2% during the analysis period 2024-2030, driven by their emphasis on innovation, research, and collaboration with industry. Their rapid market growth is further fueled by their contribution to developing new IOL technologies, as well as by government support and the expansion of their facilities.

Intraocular Lens (IOL) Market Report Scope

This global report on Intraocular Lens (IOL) analyzes the market based on type, material, and end-user. In addition to providing profiles of major companies operating in this space, the latest corporate and industrial developments have been covered to offer a clear panorama of how and where the market is progressing.

Key Metrics

Historical Period:2021-2023
Base Year:2023
Forecast Period:2024-2030
Units:Value market in US$
Companies Mentioned: 10+

Intraocular Lens (IOL) Market by Geographic Region

  • North America (The United States, Canada, and Mexico)
  • Europe (Germany, France, United Kingdom, Italy, Spain, and Rest of Europe)
  • Asia-Pacific (Japan, China, India, South Korea, and Rest of Asia-Pacific)
  • South America (Brazil, Argentina, and Rest of South America)
  • Rest of World

Intraocular Lens (IOL) Market by Type

  • Monofocal IOLs
  • Multifocal IOLs
  • Toric IOLs
  • Accommodating IOLs
  • Other IOLs (including Extended Depth of Focus (EDOF) IOLs, and light adjustable IOLs)

Intraocular Lens (IOL) Market by Material

  • Hydrophobic Acrylic
  • Hydrophilic Acrylic
  • Silicone
  • Polymethyl Methacrylate (PMMA)
  • Others (including Collamer, and PEG-PEA/HEMA/Styrene Copolymer)

Intraocular Lens (IOL) Market by End-User

  • Hospitals
  • Ophthalmic Clinics
  • Eye Research Institutes
  • Ambulatory Surgical Centers (ASCs)

Active Pharmaceutical Ingredients (API) Market Frequently Asked Questions (FAQs)

The global Intraocular Lens (IOL) market is likely to grow at a CAGR of 5.9% during the 2024-2030 analysis period.

Based on type, Monofocal IOLs segment is estimated to dominate the market revenue share in 2024.

The hospitals segment is the largest end-user market for Intraocular Lens (IOL).

Asia-Pacific is the fastest-growing region for Intraocular Lens (IOL).

In 2024, North America accounts for the largest market share in the Intraocular Lens (IOL) market.

Some of the factors driving demand for the Intraocular Lens (IOL) market include an aging population, rising eye conditions, technological advancements, and enhanced healthcare infrastructure.

The global market size for Intraocular Lens (IOL) is estimated to be US$4.6 billion in 2024 and US$6.5 billion by 2030.

The Intraocular Lens (IOL) market report covers key segments which are type, material, end-user, and region.

PART A: GLOBAL MARKET PERSPECTIVE
1. INTRODUCTION

  • Product Outline
  • Intraocular Lens (IOL) Defined
  • Intraocular Lens (IOL) Types
    • Monofocal IOLs
    • Multifocal IOLs
    • Toric IOLs
    • Accommodating IOLs
    • Other IOLs (include Extended Depth of Focus (EDOF) IOLs and light adjustable IOLs)
  • Intraocular Lens (IOL) Materials
    • Hydrophobic Acrylic
    • Hydrophilic Acrylic
    • Silicone
    • Polymethyl Methacrylate (PMMA)
    • Others (include Collamer and PEG-PEA/HEMA/Styrene Copolymer)
  • Intraocular Lens (IOL) End-Users
    • Hospitals
    • Ophthalmic Clinics
    • Eye Research Institutes
    • Ambulatory Surgical Centers (ASCs)

2. Key Market Trends
3. Key Global Players
4. Key Business & Product Trends
5. Global Market Overview

  • Global Intraocular Lens (IOL) Market Overview by Type
    • Intraocular Lens (IOL) Type Market Overview by Global Region
      • Monofocal IOLs
      • Multifocal IOLs
      • Toric IOLs
      • Accommodating IOLs
      • Other IOLS
  • Global Intraocular Lens (IOL) Market Overview by Material
    • Intraocular Lens (IOL) Material Market Overview by Global Region
      • Hydrophobic Acrylic
      • Hydrophilic Acrylic
      • Silicone
      • Polymethyl Methacrylate (PMMA)
      • Others
  • Global Intraocular Lens (IOL) Market Overview by End-User
    • Intraocular Lens (IOL) End-User Market Overview by Global Region
      • Hospitals
      • Ophthalmic Clinics
      • Eye Research Institutes
      • Ambulatory Surgical Centers (ASCs)

PART B: REGIONAL MARKET PERSPECTIVE
Global Intraocular Lens (IOL) Market Overview by Geographic Region
REGIONAL MARKET OVERVIEW
6. North America

  • North American Intraocular Lens (IOL) Market Overview by Geographic Region
  • North American Intraocular Lens (IOL) Market Overview by Type
  • North American Intraocular Lens (IOL) Market Overview by Material
  • North American Intraocular Lens (IOL) Market Overview by End-User
  • Country-wise Analysis of North American Intraocular Lens (IOL) Market
    • The United States
      • United States Intraocular Lens (IOL) Market Overview by Type
      • United States Intraocular Lens (IOL) Market Overview by Material
      • United States Intraocular Lens (IOL) Market Overview by End-User
    • Canada
      • Canadian Intraocular Lens (IOL) Market Overview by Type
      • Canadian Intraocular Lens (IOL) Market Overview by Material
      • Canadian Intraocular Lens (IOL) Market Overview by End-User
    • Mexico
      • Mexican Intraocular Lens (IOL) Market Overview by Type
      • Mexican Intraocular Lens (IOL) Market Overview by Material
      • Mexican Intraocular Lens (IOL) Market Overview by End-User

7. Europe

  • European Intraocular Lens (IOL) Market Overview by Geographic Region
  • European Intraocular Lens (IOL) Market Overview by Type
  • European Intraocular Lens (IOL) Market Overview by Material
  • European Intraocular Lens (IOL) Market Overview by End-User
  • Country-wise Analysis of European Intraocular Lens (IOL) Market
    • Germany
      • German Intraocular Lens (IOL) Market Overview by Type
      • German Intraocular Lens (IOL) Market Overview by Material
      • German Intraocular Lens (IOL) Market Overview by End-User
    • France
      • French Intraocular Lens (IOL) Market Overview by Type
      • French Intraocular Lens (IOL) Market Overview by Material
      • French Intraocular Lens (IOL) Market Overview by End-User
    • The United Kingdom
      • United Kingdom Intraocular Lens (IOL) Market Overview by Type
      • United Kingdom Intraocular Lens (IOL) Market Overview by Material
      • United Kingdom Intraocular Lens (IOL) Market Overview by End-User
    • Italy
      • Italian Intraocular Lens (IOL) Market Overview by Type
      • Italian Intraocular Lens (IOL) Market Overview by Material
      • Italian Intraocular Lens (IOL) Market Overview by End-User
    • Spain
      • Spanish Intraocular Lens (IOL) Market Overview by Type
      • Spanish Intraocular Lens (IOL) Market Overview by Material
      • Spanish Intraocular Lens (IOL) Market Overview by End-User
    • Rest of Europe
      • Rest of Europe Intraocular Lens (IOL) Market Overview by Type
      • Rest of Europe Intraocular Lens (IOL) Market Overview by Material
      • Rest of Europe Intraocular Lens (IOL) Market Overview by End-User

8. Asia-Pacific

  • Asia-Pacific Intraocular Lens (IOL) Market Overview by Geographic Region
  • Asia-Pacific Intraocular Lens (IOL) Market Overview by Type
  • Asia-Pacific Intraocular Lens (IOL) Market Overview by Material
  • Asia-Pacific Intraocular Lens (IOL) Market Overview by End-User
  • Country-wise Analysis of Asia-Pacific Intraocular Lens (IOL) Market
    • Japan
      • Japanese Intraocular Lens (IOL) Market Overview by Type
      • Japanese c Intraocular Lens (IOL) Market Overview by Material
      • Japanese Intraocular Lens (IOL) Market Overview by End-User
    • China
      • Chinese Intraocular Lens (IOL) Market Overview by Type
      • Chinese Intraocular Lens (IOL) Market Overview by Material
      • Chinese Intraocular Lens (IOL) Market Overview by End-User
    • India
      • Indian Intraocular Lens (IOL) Market Overview by Type
      • Indian Intraocular Lens (IOL) Market Overview by Material
      • Indian Intraocular Lens (IOL) Market Overview by End-User
    • South Korea
      • South Korean Intraocular Lens (IOL) Market Overview by Type
      • South Korean Intraocular Lens (IOL) Market Overview by Material
      • South Korean Intraocular Lens (IOL) Market Overview by End-User
    • Rest of Asia-Pacific
      • Rest of Asia-Pacific Intraocular Lens (IOL) Market Overview by Type
      • Rest of Asia-Pacific Intraocular Lens (IOL) Market Overview by Material
      • Rest of Asia-Pacific Intraocular Lens (IOL) Market Overview by End-User

9. South America

  • South American Intraocular Lens (IOL) Market Overview by Geographic Region
  • South American Intraocular Lens (IOL) Market Overview by Type
  • South American Intraocular Lens (IOL) Market Overview by Material
  • South American Intraocular Lens (IOL) Market Overview by End-User
  • Country-wise Analysis of Asia-Pacific Intraocular Lens (IOL) Market
    • Brazil
      • Brazilian Intraocular Lens (IOL) Market Overview by Type
      • Brazilian Intraocular Lens (IOL) Market Overview by Material
      • Brazilian Intraocular Lens (IOL) Market Overview by End-User
    • Argentina
      • Argentine Intraocular Lens (IOL) Market Overview by Type
      • Argentine Intraocular Lens (IOL) Market Overview by Material
      • Argentine Intraocular Lens (IOL) Market Overview by End-User
    • Rest of South America
      • Rest of South American Intraocular Lens (IOL) Market Overview by Type
      • Rest of South American Intraocular Lens (IOL) Market Overview by Material
      • Rest of South American Intraocular Lens (IOL) Market Overview by End-User

10. Rest of World

  • Rest of World Intraocular Lens (IOL) Market Overview by Type
  • Rest of World Intraocular Lens (IOL) Market Overview by Material
  • Rest of World Intraocular Lens (IOL) Market Overview by End-User

PART C: GUIDE TO THE INDUSTRY
PART D: ANNEXURE
1. RESEARCH METHODOLOGY
2. FEEDBACK

Alcon Inc.
Bausch + Lomb Corporation
Carl Zeiss Meditec AG
Eyekon Medical Inc.
Hoya Corporation
HumanOptics Holding AG
Johnson and Johnson Vision Care, Inc.
Lenstec Inc.
Ophtec BV
Rayner Group
STAAR Surgical Company

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