Global Intraocular Lenses Market By Type , 2018-2027 (USD Million)
Synopsis
The above chart is Global Intraocular Lenses Market By Type , 2018-2027 (USD Million)
Market Dynamics
the global intraocular lenses market is expected to witness a significant demand in the coming years. intraocular lenses, commonly known as iols, are tiny, clear, plastic lenses placed inside the eye during cataract surgery. the growing incidence of cataract, increasing adoption of advanced implantable lenses, and rising geriatric population are the major factors driving the demand for intraocular lenses globally.
one of the key types of intraocular lenses is the monofocal lens. these lenses are designed to provide clear vision at one fixed distance, usually far vision. they are widely used in cataract surgeries as they are cost-effective and have a proven safety record. the demand for monofocal iols is expected to witness a steady growth due to the increasing prevalence of age-related cataracts and the improved accessibility of cataract surgeries in developing countries.
another type of intraocular lens is the multifocal lens. these lenses provide clear vision at multiple distances, reducing the need for glasses or contacts after surgery. the growing demand for improved postoperative vision and the rising trend of undergoing cataract surgery at an earlier stage of cataract development are driving the demand for multifocal iols globally. moreover, the availability of advanced technology for designing these lenses, such as wavefront-guided technology, is also contributing to the market growth.
toric iols are also gaining traction in the global intraocular lenses market. these lenses are specially designed to correct astigmatism, a common refractive error, during cataract surgery. the increasing prevalence of astigmatism and the availability of advanced toric iols with enhanced visual outcomes are propelling their demand in the market. additionally, the rising adoption of premium toric iols, such as extended-depth-of-focus iols, is further boosting the market growth.
in addition to these types, other emerging technologies, such as phakic iols and accommodative iols, are also expected to contribute to the demand for intraocular lenses in the coming years. these iols provide unique benefits, such as retained accommodation and enhanced visual outcomes, making them a preferred choice for younger patients.
overall, the global intraocular lenses market is witnessing an increasing demand for various types of iols. the advancements in technology, increasing prevalence of cataracts, and growing demand for improved postoperative vision are the major factors driving this demand. as the aging population continues to grow and the prevalence of cataract increases, the demand for intraocular lenses is expected to continue to soar in the coming years.