U.S. Intraocular Lens Market Size & Outlook, 2024-2030
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U.S. intraocular lens market highlights
- The U.S. intraocular lens market generated a revenue of USD 1,294.5 million in 2023 and is expected to reach USD 1,808.0 million by 2030.
- The U.S. market is expected to grow at a CAGR of 5% 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 1,294.5 million |
| Market revenue in 2030 | USD 1,808.0 million |
| Growth rate | 5% (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, U.S. accounted for 29.0% 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 North America, U.S. intraocular lens market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 1,808.0 million by 2030.
Multifocal intraocular lenses was the largest segment with a revenue share of 59.72% in 2023. Horizon Databook has segmented the U.S. 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 U.S. intraocular lenses market was valued at USD 1,064.6 million in 2017. The U.S. market is driven majorly by factors such as rising geriatric population and favorable reimbursement policies. The number of cataract cases reported in the region is high.
According to American Academy of Ophthalmology, 2 million cataract surgeries are performed each year in the U.S. It also reported that in 2014, nearly 24.5 million people suffered from cataract in the U.S. Growing incidence of cataract is expected to directly impact the market as intraocular lenses are an integral part of majority of cataract surgeries.
According to Novartis annual report 2015, each year around 4 million cataract surgeries are performed in the U.S. The procedural volume is expected to increase with growing geriatric population as elderly people are more susceptible to 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 |
U.S. intraocular lens market size, by product, 2018-2030 (US$M)
U.S. Intraocular Lens Market Outlook Share, 2023 & 2030 (US$M)
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