Intraocular Lens Market Size

Intraocular Lens Market size was valued at USD 6.57 billion in 2024 and is set to reach USD 18.66 billion by the end of 2037, expanding at around 8.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of intraocular lens is assessed at USD 7.01 billion.

The growth of the market can be attributed to growing prevalence of eye disease which includes macular degeneration, diabetic retinopathy, and glaucoma. For instance, by 2030, there is expected to be 191.0 million people with DR (diabetic retinopathy) worldwide. Diabetes patients who have persistently high blood sugar levels may develop diabetic retinopathy, which damages the blood vessels in the retina of the eye.

Further, these eyes disease could also lead a formation of cataract which could further boost the demand for cataract surgery. One of the most frequent eye surgery operations worldwide is cataract removal. This surgery is performed over 3 million times a year in the United States alone, and about 27 million times worldwide. Every day, about 59,999 cataract surgeries are performed internationally. Improved vision is the main goal of cataract surgery, which is accomplished by removing the clouded lens and replacing it with a clear IOL. The IOL increases visual acuity and enables patients to see clearly by correcting the eye's refractive defect.