North America Intraocular Lens Market Size & Outlook
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North America intraocular lens market highlights
- The North America intraocular lens market generated a revenue of USD 1,614.5 million in 2023.
- The market is expected to grow at a CAGR of 4.6% from 2024 to 2030.
- In terms of segment, multifocal intraocular lenses was the largest revenue generating product in 2023.
- Multifocal Intraocular Lenses is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 1,614.5 million |
| Market revenue in 2030 | USD 2,200.6 million |
| Growth rate | 4.6% (CAGR from 2024 to 2030) |
| Largest segment | Multifocal intraocular lenses |
| Fastest growing segment | Multifocal Intraocular Lenses |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Monofocal Intraocular Lenses, Multifocal Intraocular Lenses, Toric Intraocular Lenses, Accommodative Intraocular Lenses |
| Key market players worldwide | Alcon Inc, Bausch & Lomb Corp, Carl Zeiss Meditec AG, Staar Surgical Co, Hoya Corp, Johnson & Johnson, Rayner Surgical Group, Eyekon Medical, Lenstec, HumanOptics |
Other key industry trends
- In terms of revenue, North America region accounted for 36.1% of the global intraocular lens market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 269.2 million by 2030.
Multifocal intraocular lenses was the largest segment with a revenue share of 58.77% in 2023. Horizon Databook has segmented the North America intraocular lens market based on monofocal intraocular lenses, multifocal intraocular lenses, toric intraocular lenses, accommodative intraocular lenses covering the revenue growth of each sub-segment from 2018 to 2030.
North America accounted for the largest market share in 2017 owing to rising geriatric population suffering from various ocular diseases. As per the U.S. Census Bureau, in 2015, North America accounted for 9.5% of the total population aged 65 and above.
81% of the total blind or moderate to severe visually impaired population are aged 50 or above, as stated by WHO in the blindness and visual impairment report 2014. In addition, there is a high prevalence of lifestyle-associated diseases, such as diabetes, obesity, and orthopedic diseases, in developed countries.
Sedentary lifestyle is leading to an increase in the number of people suffering from diabetes. Diabetic patients are highly susceptible to conditions such as glaucoma, diabetic retinopathy, diabetic macular edema, and cataract.
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Intraocular Lens Market Scope
Intraocular Lens Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| HumanOptics | View profile | 101-250 | Erlangen, Bayern, Germany, Europe | http://www.humanoptics.com/en/ |
| Lenstec | View profile | 51-100 | Saint Petersburg, Florida, United States, North America | http://www.lenstec.com |
| Eyekon Medical | View profile | 11-50 | Clearwater, Florida, United States, North America | https://www.eyekonmedical.com/ |
| Rayner Surgical Group | View profile | 251-500 | Worthing, West Sussex, United Kingdom, Europe | http://www.rayner.com/ |
| Hoya Corp | View profile | 36571 | 20th Floor Nishi-Shinjuku Building, 6-10-1, Nishi-Shinjuku, Shinjuku-ku, Tokyo, Japan, 160-8347 | http://www.hoya.co.jp |
| Staar Surgical Co | View profile | 1115 | 25651 Atlantic Ocean Drive, Lake Forest, CA, United States, 92630 | https://www.staar.com |
| Bausch & Lomb Corp | View profile | 13300 | 520 Applewood Crescent, Vaughan, ON, Canada, L4K 4B4 | https://www.bausch.com |
| Alcon Inc | View profile | 25315 | Chemin de Blandonnet 8, Royce Bedward, Vernier, Geneva, Switzerland, 1214 | https://www.alcon.com |
| Carl Zeiss Meditec AG | View profile | 4950 | Goschwitzer Strasse 51-52, Jena, TH, Germany, 07745 | https://www.zeiss.com |
| Johnson & Johnson | View profile | 134400 | One Johnson and Johnson Plaza, New Brunswick, NJ, United States, 08933 | https://www.jnj.com |
North America intraocular lens market size, by country, 2018-2030 (US$M)
North America Intraocular Lens Market Outlook Share, 2023 & 2030 (US$M)
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