UK Intraocular Lens Market Size & Outlook, 2024-2030
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UK intraocular lens market highlights
- The UK intraocular lens market generated a revenue of USD 298.6 million in 2023 and is expected to reach USD 415.9 million by 2030.
- The UK market is expected to grow at a CAGR of 4.8% 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.
Intraocular lens market data book summary
| Market revenue in 2023 | USD 298.6 million |
| Market revenue in 2030 | USD 415.9 million |
| Growth rate | 4.8% (CAGR from 2024 to 2030) |
| Largest segment | Multifocal intraocular lenses |
| Fastest growing segment | Multifocal Intraocular Lenses |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, UK accounted for 6.7% of the global intraocular lens market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany intraocular lens market is projected to lead the regional market in terms of revenue in 2030.
- Spain is the fastest growing regional market in Europe and is projected to reach USD 174.4 million by 2030.
Multifocal intraocular lenses was the largest segment with a revenue share of 70.36% in 2023. Horizon Databook has segmented the UK 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.
The UK held a significant market share in 2017 owing to rising government healthcare expenditure and increasing incidence of cataract and other eye conditions. The primary care leads National Health Service, which has provisions for training professionals and upgradation of new technology & skills related to ophthalmic care.
It also ensures the quality and accuracy of treatment provided to patients for all ophthalmic diseases and related non-ophthalmic conditions. The increase in the number of cataract surgeries being performed and rise in government initiatives being undertaken are boosting intraocular lenses market in the UK.
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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 |
UK intraocular lens market size, by product, 2018-2030 (US$M)
UK Intraocular Lens Market Outlook Share, 2023 & 2030 (US$M)
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