Intraocular Lens (IOL) Global Demand is Projected to Reach $6.5 billion by 2030, Owing to Increasing Prevalence of Screen Times and Eye Conditions

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A new report from Industry Experts Inc, on "Intraocular Lens (IOL)", is released. According to this new global market research report, 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.

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.

The report analyzes the global Intraocular Lens (IOL) market covering the major regions including 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) and Rest of World.

The global IOL market studied in this report with respect to Type – Monofocal IOLs, Multifocal IOLs, Toric IOLs, Accommodating IOLs and Other IOLs (including Extended Depth of Focus [EDOF] IOLs, and light adjustable IOLs); Material – Hydrophobic Acrylic, Hydrophilic Acrylic, Silicone, Polymethyl Methacrylate (PMMA) and Others (including Collamer, and PEG-PEA/HEMA/Styrene Copolymer); and End-User – Hospitals, Ophthalmic Clinics, Eye Research Institutes and Ambulatory Surgical Centers (ASCs).

About Industry Experts, Inc
Industry Experts, Inc., ranks among the leading market research providers globally. The company’s off-the-shelf and customized business intelligence reports offer strategic insights and valuable guidance to enable various stakeholders, such as corporate strategists, analysts, researchers and startups, among others, in obtaining valuable, crisp and unbiased current and future market data. For more information, contact us on +1-320-497-3787 or visit https://industry-experts.com/

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