Intraocular Lens Market Size

1. Global Intraocular Lens Market Analysis 2024-2032 The global intraocular lens (IOL) market size reached $4.52 billion in 2023 and is projected to grow from $4.82 billion in 2024 to $8.26 billion by 2032, at a CAGR of 7.0%. Market Overview North America dominated with a 33.85% market share in 2023, driven by demand for custom cataract lenses and favorable insurance policies. The U.S. market alone is expected to reach $2.44 billion by 2032. Key Growth Drivers  Rising cataract prevalence: WHO reports approximately 2.2 billion people have vision impairment, with 94 million suffering from cataracts globally  Government support and reimbursement policies encouraging cataract surgeries  Technological advancements in IOL materials and designs  Aging population increasing demand for age-related cataract treatment Market Segments By Type  Monofocal lenses dominate due to cost-effectiveness and government initiatives  Premium segment (multifocal, toric) shows high growth potential for complex vision correction By Material  Foldable IOLs lead the market due to: oHigh refractive index oLow water content oSmaller incision requirements  PMMA segment holds second position, particularly strong in Europe By End-user  Hospitals & ambulatory surgery centers: 54.27% market share in 2023  Specialty clinics  Academic & research institutes Recent Developments  January 2024: Alcon launched AcrySof IQ VivityTM IOL with extended depth of focus in U.S.  October 2023: Bausch & Lomb introduced enVista Aspire monofocal and toric IOLs  March 2024: Alcon launched Clareon family of IOLs in India Key Market Players

2. Leading companies include:  Alcon Inc.  Johnson & Johnson Vision Care  Bausch & Lomb Incorporated  Carl Zeiss Meditec AG  HOYA Corporation Footnotes Fortune Business Insights - Intraocular Lens Market Size, Share & Growth Report, 2032 https://www.fortunebusinessinsights.com/industry-reports/intraocular-lens-market-101220