South Korea Medical Ophthalmic Lens Implants Market was valued at USD 0.5 Billion in 2022 and is projected to reach USD 0.9 Billion by 2030, growing at a CAGR of 7.0% from 2024 to 2030.
The South Korea Medical Ophthalmic Lens Implants Market is experiencing rapid growth, driven by increasing advancements in medical technology and rising healthcare demands. Ophthalmic lens implants are integral to the treatment of eye conditions like cataracts, myopia, hyperopia, and presbyopia. These medical devices are used to restore vision in patients who have undergone cataract surgery or require refractive correction. With a strong healthcare infrastructure, South Korea has become a leading market for ophthalmic implants in the Asia-Pacific region.
The demand for ophthalmic lens implants in South Korea is being shaped by the growing elderly population, which increasingly suffers from cataracts, a condition that requires the implantation of artificial lenses. Additionally, the rise in refractive surgeries such as LASIK and lens replacement surgery is contributing to the market expansion. South Korea's advanced healthcare system and the adoption of cutting-edge technologies further fuel the demand for high-quality, precision-engineered medical ophthalmic lens implants.
The market also benefits from innovations such as multifocal lenses, accommodating lenses, and toric lenses, which are designed to meet the diverse needs of patients. These products are essential for patients who seek a broader range of vision correction, from distance to near vision, without the need for glasses. As a result, there has been a shift toward premium lenses, which offer superior quality and better outcomes for patients.
Another significant driver in the South Korean ophthalmic implants market is the demand from hospitals, clinics, and medical professionals for reliable, cost-effective solutions. These healthcare providers are seeking partnerships with leading implant manufacturers to provide patients with state-of-the-art lens implants that offer superior visual outcomes and long-lasting performance. The growing awareness and increasing focus on eye health also contribute to a rising preference for medical ophthalmic lens implants in the country.
Overall, the South Korea Medical Ophthalmic Lens Implants Market continues to thrive, with significant advancements in both technology and patient care. Manufacturers are innovating to meet the specific requirements of the healthcare sector, while consumers benefit from the growing availability of high-quality ophthalmic lens implants.
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Abbott
ALCON
HOYA
CARL Zeiss
Ophtec
Rayner
STAAR
Lenstec
HumanOptics
Biotech Visioncare
Omni Lens Pvt Ltd
Aurolab
Suzhou Liuliu Visual Technology Co.
Ltd
Henan Cosmic Intraocular Lens Development Co.
Ltd
Ningbo Ekron Medical Technology Co.
Ltd
Tianjin Century Kangtai Biomedical Engineering Co.
Ltd
Wuxi Leiming Shikang Technology Co.
Ltd
Hangzhou Aijinglun Technology Co.
Ltd
Abernord (Beijing) Medical Technology Co.
Ltd
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Medical Ophthalmic Lens Implants Market
Monofocal Lens Implants
Multifocal Lens Implants
Toric Lens Implants
Accommodative Lens Implants
Extended Depth of Focus (EDOF) Lens Implants
Silicone
Hydrophobic Acrylic
Hydrophilic Acrylic
PMMA (Polymethyl Methacrylate)
BIO (Biomaterials)
Cataract Surgery
Refractive Surgery
Corneal Surgery
Implantable Collamer Lens (ICL) Surgery
Retinal Surgery
Hospitals
Ophthalmic Clinics
Ambulatory Surgical Centers (ASCs)
Eye Research Institutes
Optometry Centers
Direct Sales
Distributors
Online Sales
Healthcare Partnerships
Pharmacy Chains
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Medical Ophthalmic Lens Implants Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Medical Ophthalmic Lens Implants Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Medical Ophthalmic Lens Implants Market, By Type
6. South Korea Medical Ophthalmic Lens Implants Market, By Application
7. South Korea Medical Ophthalmic Lens Implants Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Medical Ophthalmic Lens Implants Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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