Middle East & Africa Intraocular Lens Market Size & Outlook
Middle East & Africa intraocular lens market, 2018-2030 (US$M)
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MEA intraocular lens market highlights
- The MEA intraocular lens market generated a revenue of USD 174.6 million in 2022.
- The market is expected to grow at a CAGR of 5.6% 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, UAE is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 174.6 million |
| Market revenue in 2030 | USD 269.2 million |
| Growth rate | 5.6% (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, MEA region accounted for 4.1% 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 34.19% in 2022. Horizon Databook has segmented the Middle East & Africa 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.
Middle East and Africa accounted for market share of around 4.0% in 2017. Rising demand for improved healthcare and need to reduce incidence of blindness are expected to boost the market in the region.
Increasing healthcare expenditure of countries in the MEA region is expected to increase the spending of citizens on healthcare products and services. For instance, as per World Bank, in 2015, the Central African Republic spent 4.7% of its GDP on healthcare. Moreover, other factors such as increasing medical tourism are propelling the demand for intraocular lenses in MEA.
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Intraocular Lens Market Scope
Intraocular Lens Market Companies
| Name | Profile | # Employees | HQ | Website |
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MEA intraocular lens market size, by country, 2018-2030 (US$M)
Middle East & Africa Intraocular Lens Market Outlook Share, 2022 & 2030 (US$M)
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