China Intraocular Lens Market Size & Outlook, 2022-2030
China intraocular lens market, 2018-2030 (US$M)
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China intraocular lens market highlights
- The China intraocular lens market generated a revenue of USD 154.4 million in 2022 and is expected to reach USD 245.3 million by 2030.
- The China market is expected to grow at a CAGR of 6% from 2023 to 2030.
- In terms of segment, multifocal intraocular lenses was the largest revenue generating product in 2022.
- Accommodative 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 2022 | USD 154.4 million |
| Market revenue in 2030 | USD 245.3 million |
| Growth rate | 6% (CAGR from 2022 to 2030) |
| Largest segment | Multifocal intraocular lenses |
| Fastest growing segment | Accommodative Intraocular Lenses |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 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, China accounted for 3.6% of the global intraocular lens market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan intraocular lens market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 187.6 million by 2030.
Multifocal intraocular lenses was the largest segment with a revenue share of 37.82% in 2022. Horizon Databook has segmented the China 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.
China held a considerably larger revenue share of Asia Pacific intraocular lenses market in 2017. A large number of local producers of intraocular lenses in China are lowering the cost of these lenses, leading to a rise in home consumption as well as outsourcing of production by other countries, thereby propelling the market growth in the country and generating revenue through economies of scale.
In China, eye care is a part of basic healthcare, which leads to an increase in awareness and rapid adoption of intraocular lenses for cataract surgeries and other vision correction treatments. Hence, owing to these factors, the Chinese intraocular lenses market is expected to reach USD 217 million during the forecast period.
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Intraocular Lens Market Scope
Intraocular Lens Market Companies
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China intraocular lens market size, by product, 2018-2030 (US$M)
China Intraocular Lens Market Outlook Share, 2022 & 2030 (US$M)
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