Latin America Intraocular Lens Market Size & Outlook
Latin America intraocular lens market, 2018-2030 (US$M)
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Latin America intraocular lens market highlights
- The Latin America intraocular lens market generated a revenue of USD 392.0 million in 2022.
- The market is expected to grow at a CAGR of 5.3% 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, Argentina is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 392.0 million |
| Market revenue in 2030 | USD 591.9 million |
| Growth rate | 5.3% (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, Latin America region accounted for 9.3% 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 35.33% in 2022. Horizon Databook has segmented the Latin America 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.
Latin America intraocular market is expected to grow at a lucrative rate over the forecast period. Countries such as Brazil and Mexico are major contributors to revenue in this region.
The Latin America market is growing owing to improvements in medical device approval procedures, better trade agreements, and rising medical tourism. Thus, the adoption of intraocular lens implants is growing in the region, and is in turn driving the intraocular lenses market.
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Intraocular Lens Market Scope
Intraocular Lens Market Companies
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Latin America intraocular lens market size, by country, 2018-2030 (US$M)
Latin America Intraocular Lens Market Outlook Share, 2022 & 2030 (US$M)
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