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

By -

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/

Comments

Post a Comment

Popular posts from this blog

Industry Experts, Inc. Projects Global Market for Specialty Cellulose to Reach 2 Million Metric Tons by 2030 Driven by Cellulose Ethers and MCC

By -
Image
Industry Experts, Inc unveiled the new global market research report on Specialty Cellulose. As per this new report entitled " Specialty Cellulose – A Global Market Overview ", Cellulose Ethers grade would emerge the largest market for Specialty Cellulose globally, occupying a volume share of 34.5% estimated in 2024 while the segment is also anticipated to grow faster to keep the largest chunk of the pie intact through 2030. Demand growth for Specialty Cellulose is expected to accelerate at a moderate pace, driven by the increasing popularity of bio-based materials across various end-use markets. This growth will be led by cellulose ethers and microcrystalline cellulose (MCC), supported by positive long-term trends in the pharmaceutical, food, and construction industries, particularly in emerging countries such as China and India. Conversely, demand for cellulose acetate is projected to remain flat during the forecast period. This is due to a decline in consumption linked to
Read more

Energy Efficiency Standards Bolster Demand for Vacuum Insulation Panels (VIPs) Global Demand to Reach 143M SQM (nearly $3B) by 2029 - Market Research Report (2023-2029) by Industry Experts, Inc

By -
Image
Industry Experts, Inc. unveiled the latest version of Vacuum Insulation Panels (VIPs) global market research report. As per the new report entitled " Vacuum Insulation Panels (VIPs) – A Global Market Overview ", Asia-Pacific region leads the volume market for VIPs with a 2022 share of 64% translated to 32 million square meters, followed by Europe and North America. Key market trends driving demand for VIPs include stringent energy efficiency standards for appliances and buildings, demand for ever more complex and often temperature-sensitive biotech medications. The market development of VIPs has been largely impacted by the evolution in regulations set for energy efficiency in buildings, refrigerators, hot water storage systems and automobiles. Refrigeration manufacturers are increasingly employing VIPs to achieve optimum energy efficiency. Cold chain logistics for pharmaceutical products is also under intense regulatory scrutiny, which has increased the need for reliable a
Read more