Please Wait.....
Report
Intraocular Lens (IOL) - A Global Market Overview
Market Report I 2024-09-26 I 257 Pages I Industry Experts
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.
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.
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.
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)
PART A: GLOBAL MARKET PERSPECTIVE
1. INTRODUCTION
- Product Outline
- Intraocular Lens (IOL) Defined
- Intraocular Lens (IOL) Types
o Monofocal IOLs
o Multifocal IOLs
o Toric IOLs
o Accommodating IOLs
o Other IOLs (include Extended Depth of Focus (EDOF) IOLs and light adjustable IOLs)
- Intraocular Lens (IOL) Materials
o Hydrophobic Acrylic
o Hydrophilic Acrylic
o Silicone
o Polymethyl Methacrylate (PMMA)
o Others (include Collamer and PEG-PEA/HEMA/Styrene Copolymer)
- Intraocular Lens (IOL) End-Users
o Hospitals
o Ophthalmic Clinics
o Eye Research Institutes
o Ambulatory Surgical Centers (ASCs)
2. Key Market Trends
3. Key Global Players
- 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
4. Key Business & Product Trends
5. Global Market Overview
- Global Intraocular Lens (IOL) Market Overview by Type
o 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
o 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
o 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
o 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
o 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
o 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
o 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
o 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
o 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
o 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
o 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
o 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
o 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
o 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
o 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
o 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
o 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
o 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
o 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
o 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
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security