Dublin, March 12, 2024 (GLOBE NEWSWIRE) — ResearchAndMarkets.com has released its latest report titled “Global Intraocular Lens Market Forecast to 2029,” highlighting significant growth projections for the industry. The report forecasts the global Intraocular Lens (IOL) market to reach a valuation of USD 6.0 billion by 2029, up from USD 4.2 billion in 2023, indicating a robust Compound Annual Growth Rate (CAGR) of 6.3% during the analysis period. This growth is attributed to technological advancements in IOLs, an expanding elderly population worldwide, and increased awareness about minimally invasive surgical procedures.
Key Findings:
The cataract surgery category is identified as the fastest-growing segment within the Intraocular Lens market, driven by broader insurance coverage and the aging population. Emerging trends include a demand for personalized IOLs tailored to patient preferences and a shift towards premium IOL options and patient-centric care. Ophthalmology clinics emerge as significant players in the IOL market, offering personalized care and guiding patients through tailored IOL selections. North America, led by the United States, dominates the intraocular lens market due to its aging population, prevalence of eye conditions, and well-established healthcare infrastructure.
The report provides a comprehensive analysis of market dynamics, including driving factors, restraints, and opportunities, along with insights into new product developments, innovations, and competitive landscapes. It highlights the strategic initiatives and product offerings of major market participants, empowering industry players with essential insights to navigate and capitalize on growth opportunities in the evolving Intraocular Lens market.
