Report Code : CVMI2603252601365 | Published Date : March 30, 2025
1 | Market Overview
The global intraocular lens (IOL) market is experiencing strong growth, driven by the rising incidence of cataracts, an increasing aging population, and heightened demand for refractive error correction. IOLs are artificial lenses implanted during cataract or refractive lens exchange (RLE) surgeries to restore vision. They come in various types, including monofocal, multifocal, toric, and extended depth-of-focus (EDOF) lenses, offering customized vision correction across multiple focal points.
As patient expectations rise and surgical techniques advance, the demand for premium IOLs and custom lens technologies is surging. Furthermore, emerging economies are expanding coverage for cataract surgery, while high-income markets are experiencing rapid adoption of lifestyle-enhancing IOLs.
2 | Market Size and Forecast
Year |
Market Value (USD Billion) |
Notes |
2019 |
3.6 |
Historical benchmark |
2024 |
5.2 |
Five-year CAGR 7.7% |
2031 |
9.3 |
Seven-year CAGR 8.3% |
The market is projected to nearly double by 2031, driven by favorable reimbursement, innovation in lens materials, and strong volume growth in Asia-Pacific and Latin America.
3 | Key Market Drivers
- Cataract Prevalence: The WHO estimates approximately 95 million cases globally, with aging populations driving up the demand for surgery.
- Refractive Surgery Growth: IOLs are increasingly used for correcting presbyopia and astigmatism through RLE.
- Technological innovation: Blue-light filtering, aspheric optics, and EDOF lenses improve patient satisfaction.
- Global Surgical Access: Public health initiatives expanding cataract care in India, China, and Africa.
4 | Market Challenges
- Premium IOL Cost: Advanced IOLs often lack comprehensive insurance coverage.
- Post-Operative Complications: Posterior capsular opacification (PCO) and lens dislocation.
- Surgical Infrastructure Gaps: Under-equipped ophthalmology units in rural regions.
5 | Competitive Landscape
The IOL market is consolidated among global ophthalmic device manufacturers offering broad lens portfolios and surgical support platforms.
Market Share Estimates (2024):
Company |
Estimated Market Share |
Key Products |
Alcon |
38% |
AcrySof® IQ, PanOptix® trifocal, Vivity™ EDOF IOLs |
Johnson & Johnson Vision |
25% |
TECNIS® Synergy™, Eyhance®, Symfony® IOLs |
Bausch + Lomb |
14% |
enVista®, Crystalens®, Akreos® lenses |
Carl Zeiss Meditec |
10% |
CT LUCIA™, AT LISA®, trifocal and toric IOLs |
Others (Rayner, HOYA, SIFI) |
13% |
Niche and regional offerings |
6 | Market Segmentation
By Type:
- Monofocal IOLs
- Multifocal IOLs
- Toric IOLs
- Extended Depth-of-Focus (EDOF) IOLs
By Material:
- Hydrophobic Acrylic
- Hydrophilic Acrylic
- Silicone
- PMMA (Polymethylmethacrylate)
By End User:
- Hospitals
- Ophthalmic Clinics
- Ambulatory Surgical Centers (ASCs)
By Region:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
7 | Strategic Outlook
Future growth in the IOL market will be driven by next-generation light-adjustable lenses, AI-assisted biometric calculations, and remote postoperative monitoring. Companies that integrate patient education with customized surgical packages and surgeon-focused delivery models will capture long-term market share.
Reasons To Buy

Scope

Key Players
- Alcon
- Johnson & Johnson Vision
- Bausch + Lomb
- Hoya
- Carl Zeiss
- STAAR Surgical
- Rayner
- Ophtec
- PhysIOL
- Nidek
Intraocular Lens Market Report
- 1. Intraocular Lens Market Research Report
- 1.1 Study Objectives
- 1.2 Intraocular Lens Market - Overview
- 1.3 Reason to Read This Report
- 1.4 Methodology and Forecast Analysis
- 2. Intraocular Lens Market Research Report - Preface
- 2.1 Intraocular Lens Market Research Report – Detailed Scope and Definitions
- 2.1.1 By Type
- 2.1.2 By Material
- 2.1.3 By End User
- 2.1.4 By Region
- 2.1 Intraocular Lens Market Research Report – Detailed Scope and Definitions
- 3. Intraocular Lens Market Dynamics
- 3.1. Drivers - Macro-Economic Based, Supply Side, and Demand Side Drivers
- 3.2. Restraints – By Type, By Material, By End User, By Country
- 3.3. Opportunities – By Type, By Material, By End User, By Country
- 3.4. Trends – By Type, By Material, By End User, By Country
- 3.5. PEST Analysis
- 3.6. Porters Five Rule Analysis
- 3.7. Company’s Share Analysis (CSA) by Region or By Country
- 3.8. Intraocular Lens Market Research Report – DROTs Impact Analysis
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- 4. Intraocular Lens Market Research Report, Historic Data 2019 - 2023 and Forecast Analysis Data 2024 - 2031
- 4.1. Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 4.2. Annual Market Trend Assessment – Year-on-Year (YoY) Growth Analysis (%)
- 4.3. Incremental Market Value/Volume Opportunity between 2019 - 2023 and 2024 - 2031
- 4.4. Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 5. Intraocular Lens Market, By Type, 2019 - 2023 and Forecast, 2024 - 2031 (Market Value, In USD Mn)
- 5.1 Monofocal IOLs
- 5.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 5.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 5.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 5.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 5.2 Multifocal IOLs
- 5.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 5.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 5.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 5.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 5.3 Toric IOLs
- 5.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 5.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 5.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 5.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 5.4 Extended Depth-of-Focus (EDOF) IOLs
- 5.4.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 5.4.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 5.4.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 5.4.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 6.1 Hydrophobic Acrylic
- 6.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 6.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 6.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 6.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 6.2 Hydrophilic Acrylic
- 6.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 6.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 6.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 6.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 6.3 Silicone
- 6.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 6.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 6.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 6.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 6.4 PMMA (Polymethylmethacrylate)
- 6.4.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 6.4.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 6.4.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 6.4.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 7.1 Hospitals
- 7.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 7.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 7.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 7.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 7.2 Ophthalmic Clinics
- 7.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 7.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 7.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 7.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 7.3 Ambulatory Surgical Centers (ASCs)
- 7.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 7.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 7.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 7.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 8. Intraocular Lens Market Forecast, By Region, 2019 - 2023 and 2024 - 2031 (Market Value, In USD Mn)
- 8.1 North America
- 8.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 8.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 8.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 8.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 8.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 8.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 8.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 8.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 8.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 8.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 8.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 8.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 8.4.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 8.4.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 8.4.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 8.4.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 8.5.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 8.5.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 8.5.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 8.5.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 8.1 North America
- 9. North America Intraocular Lens Market Analysis, 2019 - 2023 and Forecast, 2024 - 2031 (Market Value, In USD Mn)
- 9.1 By Type Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
- 9.1.1 Monofocal IOLs
- 9.1.2 Multifocal IOLs
- 9.1.3 Toric IOLs
- 9.1.4 Extended Depth-of-Focus (EDOF) IOLs
- 9.2.1 Hydrophobic Acrylic
- 9.2.2 Hydrophilic Acrylic
- 9.2.3 Silicone
- 9.2.4 PMMA (Polymethylmethacrylate)
- 9.3.1 Hospitals
- 9.3.2 Ophthalmic Clinics
- 9.3.3 Ambulatory Surgical Centers (ASCs)
- 9.4.1 United States
- 9.4.2 Canada
- 9.5 North America Intraocular Lens Market – Opportunity Analysis Index, By Type, By Material, By End User, and Country, 2024 - 2031
- 9.6 Regional Trends Analysis
- 9.7 North America Intraocular Lens Market Research Report - Company Profiles
- 9.7.1 Company 1 (United States)
- 9.7.2 Company 2 (Canada)
- 9.7.3 Company 3 (Canada)
- 10.1 By Type Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
- 10.1.1 Monofocal IOLs
- 10.1.2 Multifocal IOLs
- 10.1.3 Toric IOLs
- 10.1.4 Extended Depth-of-Focus (EDOF) IOLs
- 10.2.1 Hydrophobic Acrylic
- 10.2.2 Hydrophilic Acrylic
- 10.2.3 Silicone
- 10.2.4 PMMA (Polymethylmethacrylate)
- 10.3.1 Hospitals
- 10.3.2 Ophthalmic Clinics
- 10.3.3 Ambulatory Surgical Centers (ASCs)
- 10.4.1 Germany
- 10.4.2 United Kingdom
- 10.4.3 France
- 10.4.4 Spain
- 10.4.5 Italy
- 10.4.6 Russia
- 10.4.7 Netherlands and Rest of Europe
- 10.5 Europe Intraocular Lens Market – Opportunity Analysis Index, By Type, By Material, By End User, and Country, 2024 - 2031
- 10.6 Regional Trends Analysis
- 10.7 Europe Intraocular Lens Market Research Report - Company Profiles
- 10.7.1 Company 1 (Germany)
- 10.7.2 Company 2 (United Kingdom)
- 10.7.3 Company 3 (United Kingdom)
- 11.1 By Type Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
- 11.1.1 Monofocal IOLs
- 11.1.2 Multifocal IOLs
- 11.1.3 Toric IOLs
- 11.1.4 Extended Depth-of-Focus (EDOF) IOLs
- 11.2.1 Hydrophobic Acrylic
- 11.2.2 Hydrophilic Acrylic
- 11.2.3 Silicone
- 11.2.4 PMMA (Polymethylmethacrylate)
- 11.3.1 Hospitals
- 11.3.2 Ophthalmic Clinics
- 11.3.3 Ambulatory Surgical Centers (ASCs)
- 11.4.1 China
- 11.4.2 Japan
- 11.4.3 India
- 11.4.4 South Korea
- 11.4.5 Australia & New Zealand
- 11.4.6 ASEAN
- 11.4.7 Rest of Asia-Pacific
- 11.5 Asia-Pacific Intraocular Lens Market – Opportunity Analysis Index, By Type, By Material, By End User, and Country, 2024 - 2031
- 11.6 Regional Trends Analysis
- 11.7 Asia-Pacific Intraocular Lens Market Research Report - Company Profiles
- 11.7.1 Company 1 (China)
- 11.7.2 Company 2 (Japan)
- 11.7.3 Company 3 (Japan)
- 12.1 By Type Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
- 12.1.1 Monofocal IOLs
- 12.1.2 Multifocal IOLs
- 12.1.3 Toric IOLs
- 12.1.4 Extended Depth-of-Focus (EDOF) IOLs
- 12.2.1 Hydrophobic Acrylic
- 12.2.2 Hydrophilic Acrylic
- 12.2.3 Silicone
- 12.2.4 PMMA (Polymethylmethacrylate)
- 12.3.1 Hospitals
- 12.3.2 Ophthalmic Clinics
- 12.3.3 Ambulatory Surgical Centers (ASCs)
- 12.4.1 Brazil
- 12.4.2 Mexico
- 12.4.3 Argentina
- 12.4.4 Peru
- 12.4.5 Colombia
- 12.4.6 Rest of Latin America
- 12.5 Latin America Intraocular Lens Market – Opportunity Analysis Index, By Type, By Material, By End User, and Country, 2024 - 2031
- 12.6 Regional Trends Analysis
- 12.7 Latin America Intraocular Lens Market Research Report - Company Profiles
- 12.7.1 Company 1 (Brazil)
- 12.7.2 Company 2 (Mexico)
- 12.7.3 Company 3 (Mexico)
- 13.1 By Type Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
- 13.1.1 Monofocal IOLs
- 13.1.2 Multifocal IOLs
- 13.1.3 Toric IOLs
- 13.1.4 Extended Depth-of-Focus (EDOF) IOLs
- 13.2.1 Hydrophobic Acrylic
- 13.2.2 Hydrophilic Acrylic
- 13.2.3 Silicone
- 13.2.4 PMMA (Polymethylmethacrylate)
- 13.3.1 Hospitals
- 13.3.2 Ophthalmic Clinics
- 13.3.3 Ambulatory Surgical Centers (ASCs)
- 13.4.1 Saudi Arabia
- 13.4.2 UAE
- 13.4.3 Qatar
- 13.4.4 Egypt
- 13.4.5 Israel
- 13.4.6 Rest of Middle East and Africa
- 13.5 Middle East and Africa Intraocular Lens Market – Opportunity Analysis Index, By Type, By Material, By End User, and Country, 2024 - 2031
- 13.6 Regional Trends Analysis
- 13.7 Middle East and Africa Intraocular Lens Market Research Report - Company Profiles
- 13.7.1 Company 1 (Saudi Arabia)
- 13.7.2 Company 2 (UAE)
- 13.7.3 Company 3 (UAE)
- 14.1 Strategic Dashboard of Top Market Players
- 14.2 Company Profiles (Introduction, Financial Assessments, Portfolio of Offerings, Milestones and Achievements, Strategic Initiative, and SWOT Analysis)
- 14.2.1 Alcon
- 14.2.2 Johnson & Johnson Vision
- 14.2.3 Bausch + Lomb
- 14.2.4 Hoya
- 14.2.5 Carl Zeiss
- 14.2.6 STAAR Surgical
- 14.2.7 Rayner
- 14.2.8 Ophtec
- 14.2.9 PhysIOL
- 14.2.10 Nidek
- 9.1 By Type Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
- 15. Data Collection Method and Research Approach
- 16. Principal Presumptions and Acronyms