Monofocal Lenses (IOL) Market size was valued at USD 3.5 Billion in 2024 and is forecasted to grow at a CAGR of 7% from 2026 to 2033, reaching USD 6.2 Billion by 2033.
In 2022, the global intraocular lens (IOL) market was valued at approximately USD 4.0 billion, with monofocal IOLs accounting for around 50% of this market, equating to about USD 2.0 billion. The monofocal IOL segment is projected to grow at a compound annual growth rate (CAGR) of 5.67%, reaching approximately USD 6.22 billion by 2029. This growth is driven by factors such as the increasing prevalence of cataract surgeries, advancements in lens technology, and a growing geriatric population. Regionally, North America dominated the intraocular lens market in 2022, accounting for USD 3.7 billion, and is anticipated to grow at a CAGR of 5.17% during the forecast period. The Asia Pacific region is expected to witness the fastest growth due to a high geriatric and diabetic demographic. These trends present significant opportunities for market expansion, particularly in emerging economies where the demand for cost effective vision correction solutions is rising.
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Alcon
Inc.
Bausch + Lomb
Johnson & Johnson Vision Care
Inc.
Carl Zeiss Meditec
HOYA Corporation
STAAR Surgical Company
Rayner Intraocular Lenses Limited
PhysIOL
Ophtec BV
Swiss Advanced Vision
Oculentis GmbH
NIDEK CO.
LTD.
Aurolab
Omni Lens Pvt Ltd.
Care Group
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. 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 Global Monofocal Lenses (IOL) Market
Monofocal Hydrophobic Lenses
Monofocal Hydrophilic Lenses
Aspheric Monofocal Lenses
Spherical Monofocal Lenses
Hospitals
Ambulatory Surgical Centers (ASCs)
Eye Clinics
Plate-Style Monofocal Lenses
Concave-Convex Monofocal Lenses
Anti-reflective Coating Monofocal Lenses
UV-Blocking Coating Monofocal Lenses
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Monofocal Lenses (IOL) 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. Global Monofocal Lenses (IOL) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Monofocal Lenses (IOL) Market, By Type
6. Global Monofocal Lenses (IOL) Market, By Application
7. Global Monofocal Lenses (IOL) Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Monofocal Lenses (IOL) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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