Europe Intraocular Lens Market Size & Outlook, 2022-2030
Europe intraocular lens market, 2018-2030 (US$M)
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Europe intraocular lens market highlights
- The Europe intraocular lens market generated a revenue of USD 1,384.3 million in 2022.
- The market is expected to grow at a CAGR of 4.4% from 2023 to 2030.
- In terms of segment, multifocal intraocular lenses was the largest revenue generating product in 2022.
- Multifocal Intraocular Lenses is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Spain is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 1,384.3 million |
| Market revenue in 2030 | USD 1,955.0 million |
| Growth rate | 4.4% (CAGR from 2022 to 2030) |
| Largest segment | Multifocal intraocular lenses |
| Fastest growing segment | Multifocal Intraocular Lenses |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 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, Europe region accounted for 32.7% of the global intraocular lens market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,156.4 million by 2030.
Multifocal intraocular lenses was the largest segment with a revenue share of 65.55% in 2022. Horizon Databook has segmented the Europe 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.
Europe accounted for the second largest share of global intraocular lenses market in 2017. Presence of advanced healthcare facilities & skilled professionals and high healthcare expenditure are major factors driving the growth of the European intraocular lenses market.
Relatively less stringent product approval process is leading to an increase in the launch of new products in Europe. Moreover, low entry barriers, presence of streamlined regulatory procedures, and favorable government support are attracting players to intraocular lenses market in Europe.
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Intraocular Lens Market Scope
Intraocular Lens Market Companies
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Europe intraocular lens market size, by country, 2018-2030 (US$M)
Europe Intraocular Lens Market Outlook Share, 2022 & 2030 (US$M)
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