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According to the latest research by SkyQuest Technology, the Global intraocular lens Market was valued at US$ 3.7 billion in 2021, and it is expected to reach US$ 5.38 billion by 2028, with a CAGR of 5.5% during the forecast period of 2022 – 2028. The research provides up-to-date intraocular lens market analysis of the current market landscape, latest trends, drivers, and overall market environment. A cataract is one of the most typical causes of blindness. According to estimates, the most common ocular procedure performed worldwide is cataract surgery. The intraocular lens, a type of artificial lens used in cataract surgeries, is implanted in the eye. As a result of significant government funding and excellent reimbursement, an increasing number of people are having cataract surgery. Because of this, more people are using intraocular cataract lenses. The industry is benefiting from an increase in NGOs that provide free eye exams and treatment as well as programmes to lessen the incidence of cataract.

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Read Market Research Report, “Global Intraocular Lens Market By Type ( Monofocal Intraocular Lens, Premium Intraocular Lens), Material (Polymethylmethacrylate (Pmma), Foldable), End-User (Hospitals & Ambulatory Surgery Centers, Specialty Centers, Academic & Research Institutes), and Region – Forecast and Analysis 2022-2028” by SkyQuest.

The premium intraocular lens market includes subcategories for toric intraocular lenses, multifocal intraocular lenses, and other intraocular lenses. The monofocal intraocular lens market segment is anticipated to control the IOL market share for the duration of the projection period. Monofocal IOLs have a larger market share than other IOL types primarily because they are less expensive than premium lenses and because of benevolent government reimbursement policies.

The foldable segment is further divided into hydrophilic acrylic, hydrophobic acrylic, and silicone and collamer. The high refractive index and low water content of the foldable sector, which are boosting consumer preference, are major factors in its predicted market share. Additionally, intraocular cataract lenses are more frequently used in cataract surgery because they are made of flexible material and can be implanted through small incisions. This intraocular lens market trend is expected to support the growth of the foldable segment over the course of the projection period.

Hospitals and ambulatory surgery centers accounted for the largest share of the market in terms of revenue. Some of the key IOL market trends driving the segment’s expansion include an increase in the number of government hospitals and non-profit organizations offering free cataract surgeries, favorable health reimbursement, and rising demand for daycare surgeries in hospitals.

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SkyQuest has segmented the Global Intraocular Lens Market based On Type, Material, End-User, and Region:

Key Players in the Global Intraocular Lens Market

SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients globally.

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