Intraocular Lens Market, by Type (Monofocal IOLs and Premium IOLs); By Application (Cataract Surgery, Refractive Lens Exchange Surgery, and Trauma Surgery); By Material (Polymethylmethacrylate (PMMA), Silicon, Hydrophobic Acrylic, and Hydrogel); By End-User (Hospitals, Ambulatory Surgical Centers (ASCs), Ophthalmology Clinics, and Eye Research Institutes): Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2022

Global intraocular lens market expected to reach USD 4,500 million by 2022 and is exhibit a CAGR of over 5% between 2017 and 2022.

19-Feb-2018 | Number of pages: 110 | Report Code: ZMR-2627 | Report Format : | Status : Published


Report Brief

  • The report covers the forecast and analysis of the intraocular lens market on the global as well as regional level
  • The report incorporates the positive and the negative factors that are affecting the growth of the market
  • The market opportunities are discussed in detail in the report
  • The key target audience for the market has been determined in the report
  • The revenue generated by the major industry players has been analyzed in the report
  • Top-down and bottom-up approaches have been used to calculate the market numbers
  • The intraocular market has been analyzed using the Porter’s Five Forces Analysis
  • The intraocular lens market is segmented on the basis of type, application, material, end-user which in turn is bifurcated on regional level as well
  • The present and the future trends were taken into consideration while evaluating the complete segments
  • The report deals with the in-depth quantitative and qualitative analyses of the intraocular lens market
  • The report includes the detailed company profiles of the prominent market players

Market Summary


Intraocular lenses are artificial lenses that are used to replace the eye’s natural lens which is removed during the cataract surgery. The most common type of IOL is the pseudophakic IOL. These are implanted during cataract surgery after the cloudy eye's natural lens (colloquially called a cataract) is removed. The pseudophakic IOL provides the same light focusing function as the natural crystalline lens. The intraocular lens provides natural and a better vision, with an improved correction which help the patients to see without glasses more frequently than the vision before surgery.


The global intraocular lens market was valued at around USD 3,200 million in the year 2016 and it is expected to reach approximately USD 4,500 million by 2022. The global intraocular lens market is expected to grow at a CAGR of over 5% between 2017 and 2022.

Drivers and Restraints

Cataract is the most common cause of distorted vision for people above the age of 50. According to WHO, there are 180 million estimated people living with blindness. Around 50% of the blind population is suffering from cataract and can be cured with surgeries. The widespread occurrence of cataract surgeries has led to the growth of the intraocular lens market.

As cataract is seen in major of the geriatric population with some exceptions, the growing geriatric population also serves as a driver for the global intraocular lenses market.

Some noteworthy campaigns and initiatives are taken by WHO such as VISION 2020 -- the right to sight: A Global Initiative for the Elimination of Avoidable Blindness contributes to the growth of the market. The increasing initiatives taken by the government at a comprehensive level is expected to boost the global intraocular lens market.

Global Intraocular Lens Market


The monofocal IOLs dominated the type segment of the intraocular lens market during 2016. The monofocal IOLs products are used more as it can be used for near focus, for mid-distance focus, and for distance focus. Thus, this segment will continue to grow in the coming years as the individuals with cataract in both the eyes highly prefer monofocal IOLs over other products. The monofocal IOLs was the leading segment in the year 2016 and it accounted for over 59.1% market share of total revenue.

In the application segment, cataract surgery dominated the intraocular market. Intraocular lens market is majorly driven by the increased prevalence of cataract. Cataract surgery accounted for over 56.1% share of the overall market in 2016. Cataract surgery is the most preferred surgical procedure in developing as well as developed countries. Growing geriatric population susceptible to ocular conditions and the high presence of unmet medical needs especially in emerging and underdeveloped economies is expected to boost the market growth.

In the material segment, hydrophobic acrylic is expected to hold a major share in the market growth. This material group is used commonly as the polymers of acrylate are foldable under room temperature. The materials have very low water content, a high refractive index, and usually a high memory, which also makes the material suitable for the haptics of a monobloc open-loop IOL.

Ambulatory surgery centers and ophthalmology clinics are expected to witness the fastest growth over the years to come. This growth is mainly due to escalating popularity of outpatient settings for cataract surgery, ease of access to ophthalmology clinics, and increasing number of cataract surgeries performed in the ambulatory surgery centers.

By geography, North America dominated the intraocular lens market with over 46% market share of total revenue generated in 2016. According to the Vision Council, around 76.2% adults in the U.S. underwent vision correction surgery in 2015, and nearly 22.1% of the adults expressed that they need vision correction.

Industry Players

Some of the key players of intraocular lens market are Alcon (Novartis AG), Aurolab, Bausch & Lomb Incorporated, Carl Zeiss Meditec AG, EyeKon Medical, Inc, HOYA Surgical Optics, HumanOptics, Johnson & Johnson Vision Care, Inc., Lenstec, Inc., MORCHER GmbH., Oculentis, Omni Lens, Ophtec BV, PowerVision, Inc., Rayner Intraocular Lenses Limited, SAV-IOL SA, STAAR Surgical among others.

The prominent market players maintain the competitive edge in the global market by making investments in the mergers and acquisitions and by increasing their product portfolio; for instance, ZEISS strengthened its sales and services in Russia, Ukraine, CIS Countries, and Georgia by acquiring a majority stake in Optec Group.

Related Reports

Vein Finders Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2025

Price : $ 3999.00 | Report Code: ZMR-4219 | Report Format:

Global Vein Finders Market: Overview Vein finders are used by doctors at the time of venipuncture method. They help in detecting invisible veins without causing any discomfort to the patient. The product is utilized in identifying the veins beneath the skin to take out blood. It is also used to ...Read More

Biomaterials Market (Cardiovascular Biomaterials, Orthopedic Biomaterials, Wound Care Biomaterials, Urological Biomaterials Plastic Surgery Biomaterials and Gastrointestinal Biomaterials) by Materials (Ceramics, Metals and Polymers) for Drug Delivery, Dental Products, Surgical Appliances & Supplies, General Surgery, Electromedical Equipment and Other Applications: Brazil Industry Perspective, Comprehensive Analysis and Forecast, 2016 – 2022

Jan-2017 | Price : $ 4899.00 | Pages: 110 | Report Code: ZMR-4214 | Report Format:

The biomaterial market report includes inclusive view and studies in Brazil. The report gives historic data of 2016 along with the forecast from 2017 to 2022 based on revenue (USD Billion). The study comprises drivers, restraints, and opportunities for the biomaterial market along with the impact ...Read More

Esoteric Testing Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2025

Price : $ 3999.00 | Report Code: ZMR-4194 | Report Format:

Global Esoteric Testing Market: Overview Esoteric testing facilitates the examining of unique molecules and this kind of testing is not carried out in the clinical lab environment. Most of the commercial laboratories outsource complicated clinical trials for esoteric testing as the latter needs ...Read More

Live Cell Encapsulation Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2025

Price : $ 3999.00 | Report Code: ZMR-4187 | Report Format:

Global Live Cell Encapsulation Market: Overview Cell encapsulation technique comprises of restricting cells within polymeric semipermeable membrane for helping in two-way molecule diffusion including oxygen influx and outward diffusing of waste items. Global Live Cell Encapsulation Market: Gro...Read More

Gene Synthesis Market By Method (Oligonucleotides and Gene Assembly), By Type (Gene Library Synthesis and Custom Gene Synthesis), By Component (Product and Services), and By Application (Research and Development, Diagnosis, Therapeutics, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2018–2026

May-2019 | Price : $ 4899.00 | Pages: 110 | Report Code: ZMR-4173 | Report Format:

The report covers a forecast and an analysis of the gene synthesis market on a global and regional level. The study provides historical data from 2016 to 2018 along with a forecast from 2019 to 2026 based on revenue (USD Million). The study includes the drivers and restraints of the gene synthesis...Read More

Download Brochure
Why Choose Us ?

24/5 Research support

Resolved your research queries from industry expert. Request for a free research sample before report purchase.

Custom research service

Ask the Analyst to customize an exclusive study to serve your research needs.

Quality & Accuracy

Zion Market Research reports offers best quality reports based on various authentic and accurate data findings.

Customer Satisfaction

We ensure that our client's all research needs are met with customized, in-depth analysis solutions.

Information security

We never share your personal and confidential information. Your personal information is safe and secure with us.