Intraocular Lens (IOL) Market: By Product Type (Monofocal IOL, Multifocal IOL, Toric IOL, and Accommodative IOL), By Material (Polymethylmethacrylate (PMMA), Silicone, and Hydrophobic Acrylate), By Distribution Channel (Hospitals, Ambulatory Surgery Centers, and Ophthalmology Centers), and Geography  

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Intraocular Lens (IOL) Market size was valued at USD 4.18 billion in 2022 and is poised to grow at a CAGR of 6.8% from 2023-2029. Intraocular lens (IOL) are the medical devices that are implanted inside the eye during cataract surgery. They are artificial tiny lens used to replace the eye’s natural lens. The intraocular lens (IOL) Market are also used for a type of vision correction surgery, called as refractive lens exchange. Earlier, if the cataracts are removed in the surgery the patient had to wear very thick glasses since there was no device implanted in order to replace the focusing power of the eye. The lens refracts the light rays that enter the eye, helping to see. If the patient has cataract, the lens becomes cloudy. The cataract surgery helps in the removal of the cloudy lens replacing it with clear intraocular lens (IOL) to improve the vision. Intraocular lenses (IOLs) are medical devices that are inserted into the eye to replace the natural lens in order to correct cataracts or refractive problems. The rapid growth of the geriatric population and associated eye disorders, rising prevalence of eye diseases and diabetes in the overall population around the world, technological advancements in intraocular lenses, and increasing government initiatives to control and treat cataract-related blindness are all factors driving this market forward. Companies' increasing focus on emerging markets, as well as a gradual transition toward newer technology, are providing considerable growth potential for intraocular lens manufacturers.

Intraocular Lens (IOL) Market Key Developments:

  • In September 2017, Swiss Advanced Vision (SAV-IOL SA) announced the launch of LUCIDIS and EDEN, two new intraocular lenses (IOLs) for the cataract surgery, both using the Instant Focus EDOF patented technology.

Intraocular Lens IOL Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

6.8%

Largest Market

North America

Fastest Growing Market

N/A
Intraocular Lens (IOL) Market Dynamics

Increase in the prevalence of cataract and vision disorders are driving the growth of the intraocular lens (IOL) market. The developing technology is adding aid for the development of novel surgical options such as micro incision surgery and femtosecond lasers which is also playing a major role in the growth of intraocular lens (IOL) market. The adoption of the modern surgical treatments and increasing diabetic population along with rise in conditions such as cataract and glaucoma is boosting the intraocular lens (IOL) market. However, the higher cost involved in the the surgical procedures is likely to hinder the market. The complications such as refractive defects post-surgery are also hampering the intraocular lens (IOL) market.

Intraocular Lens IOL Market Segmentation

By Product Type
  • Monofocal IOL
  • Multifocal IOL
  • Toric IOL
  • Accommodative IOL
By Material
  • Polymethylmethacrylate (PMMA)
  • Silicone
  • Hydrophobic acrylate
By Distribution Channel
By Geography
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa

Frequently Asked Questions

The intraocular lens (iol) market size was valued at USD 4.18 billion in 2022

N/A is the fastest-growing for intraocular lens (iol) market

Increasing Ophthalmic Issues and Eye Diseases in the Diabetic Population

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2018 to 2022) and forecast (2023 to 2029)
  • The report covers in-detail insights about the competitors overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
1.Executive Summary
2.Global Intraocular Lens IOL Market Introduction 
2.1.Global Intraocular Lens IOL Market  - Taxonomy
2.2.Global Intraocular Lens IOL Market  - Definitions
2.2.1.Product Type 
2.2.2.Material
2.2.3.Distribution Channel
2.2.4.Region
3.Global Intraocular Lens IOL Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Intraocular Lens IOL Market Analysis, 2018 - 2022 and Forecast 2023 - 2029
4.1.  Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Intraocular Lens IOL Market  By Product Type , 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
5.1. Monofocal IOL
5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Multifocal IOL
5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Toric IOL
5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
5.4. Accommodative IOL
5.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.4.3. Market Opportunity Analysis 
6.Global Intraocular Lens IOL Market  By Material, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
6.1. Polymethylmethacrylate (PMMA)
6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Silicone
6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Hydrophobic acrylate
6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
7.Global Intraocular Lens IOL Market  By Distribution Channel, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
7.1. Hospitals
7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Ambulatory Surgery Centers
7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Ophthalmology Centers
7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
8.Global Intraocular Lens IOL Market  By Region, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
8.1. North America
8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Europe
8.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. Asia Pacific (APAC)
8.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
8.4. Middle East and Africa (MEA)
8.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.4.3. Market Opportunity Analysis 
8.5. Latin America
8.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.5.3. Market Opportunity Analysis 
9.North America Intraocular Lens IOL Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
9.1. Product Type  Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Monofocal IOL
9.1.2.Multifocal IOL
9.1.3.Toric IOL
9.1.4.Accommodative IOL
9.2.  Material Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Polymethylmethacrylate (PMMA)
9.2.2.Silicone
9.2.3.Hydrophobic acrylate
9.3.  Distribution Channel Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Hospitals
9.3.2.Ambulatory Surgery Centers
9.3.3.Ophthalmology Centers
9.4.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.4.1.United States of America (USA)
9.4.2.Canada
10.Europe Intraocular Lens IOL Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
10.1. Product Type  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Monofocal IOL
10.1.2.Multifocal IOL
10.1.3.Toric IOL
10.1.4.Accommodative IOL
10.2.  Material Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Polymethylmethacrylate (PMMA)
10.2.2.Silicone
10.2.3.Hydrophobic acrylate
10.3.  Distribution Channel Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Hospitals
10.3.2.Ambulatory Surgery Centers
10.3.3.Ophthalmology Centers
10.4.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Germany
10.4.2.France
10.4.3.Italy
10.4.4.United Kingdom (UK)
10.4.5.Spain
10.4.6.Rest of EU
10.4.7.
11.Asia Pacific (APAC) Intraocular Lens IOL Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
11.1. Product Type  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Monofocal IOL
11.1.2.Multifocal IOL
11.1.3.Toric IOL
11.1.4.Accommodative IOL
11.2.  Material Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Polymethylmethacrylate (PMMA)
11.2.2.Silicone
11.2.3.Hydrophobic acrylate
11.3.  Distribution Channel Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Hospitals
11.3.2.Ambulatory Surgery Centers
11.3.3.Ophthalmology Centers
11.4.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.China
11.4.2.India
11.4.3.Australia and New Zealand (ANZ)
11.4.4.Japan
11.4.5.Rest of APAC
12.Middle East and Africa (MEA) Intraocular Lens IOL Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
12.1. Product Type  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Monofocal IOL
12.1.2.Multifocal IOL
12.1.3.Toric IOL
12.1.4.Accommodative IOL
12.2.  Material Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Polymethylmethacrylate (PMMA)
12.2.2.Silicone
12.2.3.Hydrophobic acrylate
12.3.  Distribution Channel Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Hospitals
12.3.2.Ambulatory Surgery Centers
12.3.3.Ophthalmology Centers
12.4.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.GCC Countries
12.4.2.South Africa
12.4.3.Rest of MEA
13.Latin America Intraocular Lens IOL Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
13.1. Product Type  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Monofocal IOL
13.1.2.Multifocal IOL
13.1.3.Toric IOL
13.1.4.Accommodative IOL
13.2.  Material Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Polymethylmethacrylate (PMMA)
13.2.2.Silicone
13.2.3.Hydrophobic acrylate
13.3.  Distribution Channel Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Hospitals
13.3.2.Ambulatory Surgery Centers
13.3.3.Ophthalmology Centers
13.4.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Brazil
13.4.2.Mexico
13.4.3.Rest of LA
14. Competition Landscape
14.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
14.2.1.HOYA Corporation (Japan)
14.2.2.Alcon, Inc. (US)
14.2.3.Rayner Intraocular Lenses Limited (UK)
14.2.4.Carl Zeiss Meditec (Germany)
14.2.5.Alcon, Inc. (US)
14.2.6.NIDEK CO., LTD. (Japan)
14.2.7.Hanita Lenses R.C.A Ltd. (Israel)
14.2.8.Omni Lens Pvt Ltd. (India)
15. Research Methodology 
16. Appendix and Abbreviations 
  • HOYA Corporation (Japan)
  • Alcon, Inc. (US)
  • Rayner Intraocular Lenses Limited (UK)
  • Carl Zeiss Meditec (Germany)
  • Alcon, Inc. (US)
  • NIDEK CO., LTD. (Japan)
  • Hanita Lenses R.C.A Ltd. (Israel)
  • Omni Lens Pvt Ltd. (India)
  • Swiss Advanced Vision (Switzerland)
  • Oculentis GmbH (Germany)
  • Aurolab (India)
  • Omni Lens Pvt Ltd. (India)

Adjacent Markets