Intraocular Lens Market Size, Share, Growth Analysis, By Type(Monofocal Intraocular Lens, Premium Intraocular Lens), By Material(Polymethylmethacrylate (PMMA), Foldable), By End User(Hospitals & Ambulatory Surgery Centers, Specialty Centers, Academic & Research Institutes), By Region - Industry Forecast 2024-2031

The industry is forecasted to be dominated by North America throughout the entire forecast period. The strong North American IOL market share is mostly due to technological advancements like Extended Depth of Focus (EDoF) and bespoke cataract lenses. By 2050, the American Academy of Ophthalmology predicts that 50 million Americans will develop cataracts. In the United States, demand for intraocular cataract lenses is anticipated to increase as a result during the projected period.

The intraocular lense market is expected to grow in Europe as more people undergo cataract surgery, femtosecond lasers are being used more frequently, and toric lenses are becoming more popular. According to Eurostat, there were 10, 9, and 7 cataract operations conducted per 1,000 people in Germany, Italy, and Spain, respectively. The market for an intraocular cataract lens is predicted to increase as a result of this and the existence of numerous manufacturers in Europe.

The Asia Pacific market is predicted to grow because of the increased rates of diabetes and cataracts. The market for intraocular cataract lenses is anticipated to grow as a result of rising cataract surgery rates and strong government support. Our research indicates that India saw more than 6.4 million surgical procedures. It is anticipated that the number of cataract surgeries performed in India, China, and Japan will increase the size of the Asia Pacific IOL market. It is expected that the intraocular lens market share in Latin America, the Middle East, and Africa will increase as a result of increased governmental efforts to reduce the cataract surgical rate (CSR), an increase in ophthalmologists, and the quick uptake of teleophthalmology.