A recent report by Meticulous Research® projects that the intraocular lens (IOL) market will grow to $7.17 billion by 2031, at a CAGR of 6.5% from 2024. The growth is driven by an aging population and an increase in cataract surgeries. The market is segmented into various lens types, materials, and applications. Multifocal lenses, which reduce the need for corrective eyewear, are expected to lead the market. Hydrophobic acrylic lenses are favored for their optical clarity and mechanical stability. The Asia-Pacific region is forecasted to have the highest market growth rate, driven by advancements in healthcare access and rising disposable incomes.
The intraocular lens market is segmented by Type (Multifocal Intraocular Lens, Monofocal Intraocular Lens, Accommodative Lenses, Toric Lenses, Phakic Lenses, and Other Lenses), Material (Hydrophobic Acrylic, Hydrophilic Acrylic, Polymethyl Methacrylate, Silicone, and Other Materials), Application (Cataract Surgery, Astigmatism, and Corneal Disorders, and Other Applications), End User (Hospitals, Ophthalmic Clinics, Ambulatory Surgery Centers) and Geography. The study also evaluates industry competitors and analyzes the regional and country-level markets.
Key Players
The key players profiled in the intraocular lens market report are Alcon, Inc. (U.S.), Johnson & Johnson Services, Inc. (U.S.), Carl Zeiss Meditec AG (Germany), Hoya Corporation (Japan), Beaver-Visitec International (U.S.), Ophtec B.V. (Netherlands), Appasamy Associates Private Limited (India), Atia Vision, Inc. (U.S.), LENSTEC, Inc. (U.S.), Santen Pharmaceutical Co., Ltd. (Japan), Rayner Group (U.K.), EyeKon Medical, Inc. (U.S.), and Humanoptics Holding AG (Germany).
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Key questions answered in the report-
• Which are the high-growth market segments in terms of intraocular lens by type, material, application, end user, and geography?
• What was the historical market for intraocular lenses across the globe?
• What are the market forecasts and estimates for the period 2024–2031?
• What are the major drivers, restraints, opportunities, and challenges in the intraocular lens market?
• Who are the major players operating in the intraocular lens market?
• What is the competitive landscape like, and who are the leaders in the intraocular lens market?
• What are the recent developments in the intraocular lens market?
• What are the different strategies adopted by the major players in the intraocular lens market?
• What are the geographical trends and high-growth regions/countries?
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