The North America Intraocular Lens Market is expected to reach US$ 2.38 billion by 2033 from US$ 1.53 billion in 2024, with a CAGR of 5.00% from 2025 to 2033. An ageing population, a rise in cases of cataract, advanced surgery techniques, a growth in the prevalence of diabetes, and a demand for premium lenses are all propelling expansion in the North American intraocular lens market. Efforts by the government and NGOs towards enhancing access to eye care also drive market growth and adoption.
Several significant factors are driving the strong growth of the intraocular lens (IOL) market in North America. Cataracts and other age-related vision problems are increasingly prevalent as the population ages. Advances in surgical techniques have improved accuracy and outcomes, which has promoted increased use of IOLs. Another factor fueling demand is the increasing prevalence of diabetes, a recognized risk factor for cataracts. In addition, advances in high-end lenses such as extended depth-of-focus IOLs, multifocal lenses, and toric lenses are enhancing patient outcomes. Efforts by the government and non-governmental organizations to make cataract surgery available also contribute to the growth of the market in the region.
North America Intraocular Lens Industry Overview
When the normal lens of the eye is removed during cataract surgery, an artificial lens called an intraocular lens (IOL) is placed in its place. Made of silicone or acrylic, IOLs enable one to see clearly once more by properly focusing light into the retina. Numerous lens types, including monofocal, multifocal, toric, and extended depth of focus lenses, are used to enhance patients' quality of life after surgery by addressing a variety of visual issues like astigmatism, nearsightedness, and farsightedness.Several significant factors are driving the strong growth of the intraocular lens (IOL) market in North America. Cataracts and other age-related vision problems are increasingly prevalent as the population ages. Advances in surgical techniques have improved accuracy and outcomes, which has promoted increased use of IOLs. Another factor fueling demand is the increasing prevalence of diabetes, a recognized risk factor for cataracts. In addition, advances in high-end lenses such as extended depth-of-focus IOLs, multifocal lenses, and toric lenses are enhancing patient outcomes. Efforts by the government and non-governmental organizations to make cataract surgery available also contribute to the growth of the market in the region.
Growth Drivers for the North America Intraocular Lens Market
Rising ageing population
The intraocular lens (IOL) market in North America is greatly affected by the aging population. More than 10,000 Americans turn 65 each day, which contributes to the constant increase in age-related diseases such as cataracts. Age-related clouding of the eye's natural lens boosts the demand for intraocular lens implants and cataract surgery. In addition, in the next decade, the population aged 80 and older will grow by nearly 50%, from 13.9 million to 20.8 million, far outpacing the 4.7% growth in the total U.S. population. As more older patients seek means to maintain their visual independence and quality of life, this demographic change is projected to have a significant effect on vision care needs. The growing population of elderly people is set to be a major driver of market growth as a result of increased utilization of premium IOLs and greater access to eye care services.Increased Cataract Surgeries
The intraocular lens (IOL) market in North America is expanding substantially due to an upsurge in cataract surgeries. Growing prevalence of cataracts in the aging population is fueling demand for lens implants and cataract procedures. In November 2022, 1.8% of dementia in the United States was attributed to visual impairment, as per the NIH. As of 2050, the figure is projected to rise above 250,000 cases. Demand for cataract surgeries is driven by the heightened vulnerability to vision impairment among elderly people, particularly those suffering from chronic illnesses such as dementia. Another ethnic group that suffers more from vision impairment is Hispanics (11%) compared to Blacks and non-Hispanic Whites (8.3%). Demand for intraocular lenses is increasing as ageing populations seek improved vision and an enhanced level of living. During the forecast period, the market will grow considerably as a result of the increasing demand for cataract surgery.Technological Advancement
The North American intraocular lens (IOL) market is expanding largely because of technological advancements. Growing adoption stems from continued innovation in cataract surgical techniques and IOL design that enhance patient results. In April 2023, for instance, the FDA approved ZEISS Medical Technology's CT LUCIA 621P Monofocal IOL, an innovative aspheric, monofocal, single-piece C-loop IOL. By improving optical function, this breakthrough technology provides patients with improved vision and enhanced visual comfort. Still fueling interest in premium IOLs are innovations such as femtosecond laser-assisted cataract surgery, which provides enhanced accuracy and faster recovery times. These technologies have enhanced patients' quality of life by providing them with access to a greater array of lens types, such as multifocal and toric lenses, which can be utilized to meet various visual needs.Challenges in the North America Intraocular Lens Market
High Cost of Premium Lenses
In the North American market, the high price of high-end intraocular lenses (IOLs) is a major obstacle. Although they provide superior visual results, premium lenses like multifocal or toric IOLs are sometimes not covered by insurance. This restricts their adoption by rendering them unaffordable for certain patients. Patients may be deterred from selecting these cutting-edge solutions by the higher initial cost of these lenses and the additional costs associated with cataract surgery, which could hinder market expansion.Regulatory Hurdles
In the North American intraocular lens (IOL) market, regulatory obstacles present a problem because the FDA clearance process for novel IOL technology can be costly and time-consuming. Innovative lenses take longer to become available because manufacturers must go through stringent clinical trials to guarantee safety and efficacy. Furthermore, additional regulatory review might be necessary for any modifications to IOL designs or materials. The quick release of novel, cutting-edge IOL solutions onto the market may be hampered by these drawn-out approval procedures and related expenses.United States Intraocular Lens Market
In 2024, the U.S. intraocular lens market accounted for a sizeable portion of the intraocular lens market in North America. The main factors driving this market are aging populations, which increase the incidence of cataracts, and technological advancements in IOLs, which provide better visual results and shorter recovery times, which draw in more patients. Additionally, because of the related eye issues, the demand for IOLs rises as the number of diabetes cases rises. The proprietary ZEISS Optic Asphericity Concept, for example, compensates for spherical aberrations and maximizes visual results in circumstances of decentration and lens misalignments for the U.S. market. In April 2023, ZEISS announced that the FDA had approved the CT LUCIA 621P Monofocal IOL.Canada Intraocular Lens Market
A number of factors, such as an aging population and improvements in cataract surgery technology, are contributing to the steady growth of the intraocular lens (IOL) market in Canada. As per a research published by the Canadian Council of the Blind, over 1.2 million Canadians suffered from vision impairments like myopia, hyperopia, astigmatism, and presbyopia as of May 2021. Since intraocular lenses (IOLs) aid in the treatment of certain vision impairments, the rising incidence of these conditions is anticipated to fuel demand for IOLs. Furthermore, more people are using high-end lenses, such as multifocal and toric IOLs, which provide better visual results. The Canadian IOL market is anticipated to maintain its growth trajectory as cataract operations become more widely available and vision care advances.Mexico Intraocular Lens Market
The aging population and rising incidence of eye diseases like cataracts are driving the steady growth of the intraocular lens (IOL) market in Mexico. The need for cataract operations and IOLs increases as the number of elderly people rises. As more patients seek cataract surgery, the market is expanding due to advancements in healthcare infrastructure and easier access to specialized ophthalmic therapies. Additionally, more people may now afford premium IOLs thanks to increased disposable income. To further expand the market, however, issues like exorbitant prices and low awareness in rural areas must be resolved.North America Intraocular Lens Market Segments:
Product
- Monofocal IOL
- Multifocal IOL
- Toric IOL
- Accommodative IOL
Material
- Polymethyl meth Acrylate Material
- Silicone Material
- Hydrophobic and Hydrophylic Acrylic Material
- Other Material
End User
- Hospitals
- Ambulatory Surgery Centers
- Ophthalmology Clinics
- Eye Research Institutes
Countries
- Canada
- United States
- Mexico
- Rest of North America
All companies have been covered from 4 viewpoints:
- Overview
- Key Persons
- Recent Developments
- Financial Insights
Key Players Analyzed
- Alcon Inc.
- Bausch Health Companies Inc.
- Hoya Corporation
- Johnson & Johnson
- STAAR Surgical Co
- Carl Zeiss Meditec AG
- Novartis AG
- USIOL Inc.
Table of Contents
1. Introduction3. Executive Summary
2. Research & Methodology
4. Market Dynamics
5. North America Intraocular Lens Market
6. North America Intraocular Lens Market Share Analysis
7. Product
8. Material
9. End Users
10. Countries
11. Porter’s Five Forces Analysis
12. SWOT Analysis
13. Key Players Analysis
Companies Mentioned
- Alcon Inc.
- Bausch Health Companies Inc.
- Hoya Corporation
- Johnson & Johnson
- STAAR Surgical Co
- Carl Zeiss Meditec AG
- Novartis AG
- USIOL Inc.
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | May 2025 |
| Forecast Period | 2024 - 2033 |
| Estimated Market Value ( USD | $ 1.53 Billion |
| Forecasted Market Value ( USD | $ 2.38 Billion |
| Compound Annual Growth Rate | 5.0% |
| Regions Covered | North America |
| No. of Companies Mentioned | 8 |
