Phakic Intraocular Lenses Market: By Product (Anterior Chamber Phakic IOL, Posterior Chamber Phakic IOL), By Condition, (Myopia, Hyperopia, Astigmatism), By End Users (Hospitals, Ophthalmology Clinics, Ambulatory Surgical Centres) and Geography

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Phakic Intraocular Lenses Market size was valued at USD 386.3 million in 2023 and is poised to grow at a CAGR of 9.5% over the forecast years 2024 - 2030. Phakic intraocular lenses are synthetic lenses made of plastic or silicone, that are implanted over natural lenses inside eyes to rectify the ametropic condition. Phakic lenses are utilized to correct refractive errors, errors in the eye's focusing power. It has advantages over laser therapy such as a wide range of corrections, reversibility, fewer complications, outperforming other therapies in terms of best spectacle-corrected visual acuity (BSCVA), and preservation of natural lens.

An increasing number of myopic patients, rise in the prevalence of diabetes, grow in the number old age people with developing eye disorders, increasing screen time from the usage of gadgets, advancements in healthcare in developed countries, and increasing acceptance of the therapy are the main driving forces of the market. The phakic intraocular lens remains a main trend among the young generation in developed countries who prefer permanent lenses instead of wearing specs. Countries such as China, India, Japan, and South Korea prevail in the number of myopes consisting up to 80% of the population being myopic which is a main opportunity for the key players in the market as research is being done continuously to reduce the cost of implantation, thus successfully entering the developing countries. The biggest restraint for this market to expand is the cost of the implantation, the lack of reimbursement policies for the patients undergoing surgery, and the advancements in alternative options such as glasses, lenses, LASIK therapy, and photorefractive keratectomy.

Phakic Intraocular Lenses Market Key Developments:
  • In January 2023, An affiliate of Bausch + Lomb has acquired AcuFocus, under a merger transaction with the parent company of AcuFocus. The acquisition will enhance Bausch + Lomb’s Surgical Portfolio with IC-8® Apthera™ Intraocular Lens.
  • In March, 2022 : STAAR Surgical Company received CE Mark and FDA approval for the latest significant development in phakic intraocular lenses Evolution (EVO/EVO+) version of the spherical and Toric Visian ICL.

Phakic Intraocular Lenses Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

9.5%

Largest Market

North America

Fastest Growing Market

Asia Pacific

Phakic Intraocular Lenses Market Dynamics

Major brands are launching new and improved products for the treatment of ametropic conditions. The increasing demand and preference from the youth generation, adaptation from old generation and reduction of the cost of implantation will help to expand the market. The increasing prevalence of diabetes is also a main driving factor of ametropic conditions which in turn a tapping opportunity for implantation. The expected growth of myopes is around 50% of the world population by 2050. Moreover, development and launch of newer products by the companies significantly enhances the revenue of phakic intraocular lens market over the forecast timeframe.

Phakic Intraocular Lenses Market Segmentation

By Product

  • Anterior Chamber Phakic IOL
    • Anterior chamber iris-fixated
    • Anterior chamber angle-supported
  • Posterior 

By Coundition

  • Myopia
  • Hyperopia
  • Astigmatism

By End User

  • Hospitals
  • Ophthalmology Clinics
  • Ambulatory Surgical Centres

Frequently Asked Questions

STAR SURGICALS, J&J, Verathon are the key market players in the global Phakic Ocular lens market.

North America dominates the Phakic Intraocular Lenses Market with the largest revenue share

The biggest restraint for this market to expand is the cost of the implantation, lack of reimbursement policies for the patient’s undergoing surgery and the advancements in alternative options such as glasses, lenses, LASIK therapy, and photorefractive keratectomy.

The Phakic Intraocular Lens Market size was estimated at USD 386.3 million in 2023 and is expected to grow at a CAGR of 9.5% over the forecast years 2024 - 2030.

Key Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030).
  • The report covers in-detail insights about the competitor’s 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 start-up details that are actively working in the market.
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenarios.
1.Executive Summary
2.Global Phakic Intraocular Lenses Market Introduction 
2.1.Global Phakic Intraocular Lenses Market  - Taxonomy
2.2.Global Phakic Intraocular Lenses Market  - Definitions
2.2.1.Product
2.2.2.Coundition
2.2.3.End User
2.2.4.Region
3.Global Phakic Intraocular Lenses 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 Phakic Intraocular Lenses Market Analysis, 2019 - 2023 and Forecast 2024 - 2030
4.1.  Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Phakic Intraocular Lenses Market  By Product, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
5.1. Anterior Chamber Phakic IOL
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (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. Posterior 
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (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 
6.Global Phakic Intraocular Lenses Market  By Coundition, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
6.1. Myopia
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (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. Hyperopia
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (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. Astigmatism
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (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 Phakic Intraocular Lenses Market  By End User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
7.1. Hospitals
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (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. Ophthalmology Clinics
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (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. Ambulatory Surgical Centres
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (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 Phakic Intraocular Lenses Market  By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
8.1. North America
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (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, 2019 - 2023 and Forecast, 2024 - 2030, (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, 2019 - 2023 and Forecast, 2024 - 2030, (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, 2019 - 2023 and Forecast, 2024 - 2030, (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, 2019 - 2023 and Forecast, 2024 - 2030, (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 Phakic Intraocular Lenses Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
9.1. Product Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Anterior Chamber Phakic IOL
9.1.2.Posterior 
9.2.  Coundition Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Myopia
9.2.2.Hyperopia
9.2.3.Astigmatism
9.3.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Hospitals
9.3.2.Ophthalmology Clinics
9.3.3.Ambulatory Surgical Centres
9.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 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 Phakic Intraocular Lenses Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
10.1. Product Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Anterior Chamber Phakic IOL
10.1.2.Posterior 
10.2.  Coundition Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Myopia
10.2.2.Hyperopia
10.2.3.Astigmatism
10.3.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Hospitals
10.3.2.Ophthalmology Clinics
10.3.3.Ambulatory Surgical Centres
10.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 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
11.Asia Pacific (APAC) Phakic Intraocular Lenses Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
11.1. Product Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Anterior Chamber Phakic IOL
11.1.2.Posterior 
11.2.  Coundition Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Myopia
11.2.2.Hyperopia
11.2.3.Astigmatism
11.3.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Hospitals
11.3.2.Ophthalmology Clinics
11.3.3.Ambulatory Surgical Centres
11.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 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) Phakic Intraocular Lenses Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
12.1. Product Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Anterior Chamber Phakic IOL
12.1.2.Posterior 
12.2.  Coundition Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Myopia
12.2.2.Hyperopia
12.2.3.Astigmatism
12.3.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Hospitals
12.3.2.Ophthalmology Clinics
12.3.3.Ambulatory Surgical Centres
12.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 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 Phakic Intraocular Lenses Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
13.1. Product Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Anterior Chamber Phakic IOL
13.1.2.Posterior 
13.2.  Coundition Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Myopia
13.2.2.Hyperopia
13.2.3.Astigmatism
13.3.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Hospitals
13.3.2.Ophthalmology Clinics
13.3.3.Ambulatory Surgical Centres
13.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 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.Ambu
14.2.2.Aurolab
14.2.3.Boston Scientific
14.2.4.Care Group
14.2.5.Duomed
14.2.6.HOYA Corporation
14.2.7.Johnson & Johnson
14.2.8.Neoscope Inc
14.2.9.Olympus
14.2.10.Omni Lens Pvt Ltd
14.2.11.Ophtec BV/Abbott
14.2.12.PENTAX Medical
14.2.13.Rayner Surgical Group Limited
14.2.14.STAAR SURGICAL
14.2.15.USIOL Inc.
14.2.16.Verathon Inc
14.2.17.Zeiss
15. Research Methodology 
16. Appendix and Abbreviations 
  • Ambu
  • Aurolab
  • Boston Scientific
  • Care Group
  • Duomed
  • HOYA Corporation
  • Johnson & Johnson
  • Neoscope Inc
  • Olympus
  • Omni Lens Pvt Ltd
  • Ophtec BV/Abbott
  • PENTAX Medical
  • Rayner Surgical Group Limited
  • STAAR SURGICAL
  • USIOL Inc.
  • Verathon Inc
  • Zeiss

Adjacent Markets