Intraocular Lens Market Insights:
In a recent research report by Market Research Community, the Intraocular Lens market is expected to surpass USD 6.35 Billion by the year 2030, from USD 4.20 Billion in 2021.
A synthetic, artificial intraocular lens implant is inserted inside the eye to replace the focusing ability of a natural lens that has been surgically removed, typically as part of cataract surgery.
As the second-largest segment in 2021, toric intraocular lenses are anticipated to experience profitable growth during the projection period owing to their benefits, chiefly for patients with mild to severe astigmatism. Myopia, hypermetropia, or both are present in astigmatic patients. Toric intraocular lenses are made specially to treat these people. Additionally, toric IOLs are made to do away with the incision implants that are typically necessary for astigmatism surgical treatments, which increases consumer preference for these devices.
According to region, North America accounted for the largest share of the intraocular lens market in 2021 and is predicted to maintain its dominance during the forecast period as a result of an increase in ophthalmic disorders and advantageous reimbursement policies for cataract surgery. A huge senior population base prone to cataracts, with China and India leading this trend, and growing awareness of cutting-edge treatment alternatives will cause Asia-Pacific to see the highest CAGR during the forecast period.
The intraocular lens market is projected to grow at a significant pace reaching a CAGR of approximately 4.7%, over the forecast period of 2022–2030, despite a considerable fall in Product sales during the initial phase of pandemic spread and lockdown restrictions imposed globally.
The study is consolidated into major segments and further into sub-segments, such as by Product (Monofocal Intraocular Lens, Multifocal Intraocular Lens, Toric Intraocular Lens, Accommodative Intraocular Lens) by End Use (Hospitals, Ophthalmic Clinics, Ambulatory Surgery Centers, Eye Research Institutes) to forecast the Intraocular Lens market size by value; also includes the analysis of past market dynamics from 2016 – 2021, considering 2021 as the base year.
Lastly, the report includes a regional analysis and country analysis with the latest trends, along with the major key players including Alcon, Inc.; Johnson and Johnson Vision Care, Inc.; Bausch Lomb Incorporated; Carl Zeiss Meditec AG (ZEISS International); Rayner; EyeKon Medical, Inc.; Lenstec, Inc.; HumanOptics AG; STAAR Surgical Company; HOYA CORPORATION.
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