Mexico Intraocular Lens Market Size & Outlook, 2022-2030
Mexico intraocular lens market, 2018-2030 (US$M)
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Mexico intraocular lens market highlights
- The Mexico intraocular lens market generated a revenue of USD 121.0 million in 2022 and is expected to reach USD 187.5 million by 2030.
- The Mexico 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.
Intraocular lens market data book summary
| Market revenue in 2022 | USD 121.0 million |
| Market revenue in 2030 | USD 187.5 million |
| Growth rate | 5.6% (CAGR from 2022 to 2030) |
| Largest segment | Multifocal intraocular lenses |
| Fastest growing segment | Multifocal 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, Mexico accounted for 2.9% 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 Latin America, Brazil intraocular lens market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 114.5 million by 2030.
Multifocal intraocular lenses was the largest segment with a revenue share of 34.55% in 2022. Horizon Databook has segmented the Mexico 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.
Mexico is witnessing an augmented demand for advanced healthcare services. Advancements in healthcare infrastructure and increase in R&D in the country are factors leading to the development and launch of new & improved intraocular lenses.
Moreover, increasing healthcare expenditure and efforts being taken by the government to combat blindness are boosting the demand for intraocular lenses in Mexico. In addition, patients from the U.S. prefer Mexico for medical tourism owing to availability of affordable treatment alternatives.
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Intraocular Lens Market Scope
Intraocular Lens Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico intraocular lens market size, by product, 2018-2030 (US$M)
Mexico Intraocular Lens Market Outlook Share, 2022 & 2030 (US$M)
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