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