Monofocal Intraocular Lenses Market set to hit $10.6 billion by 2035
Industry revenue for Monofocal Intraocular Lenses is estimated to rise to $10.6 billion by 2035 from $4.6 billion of 2024. The revenue growth of market players is expected to average at 7.9% annually for the period 2024 to 2035.
Monofocal Intraocular Lenses is critical across several key applications including cataract surgery, presbyopia correction, myopia control and astigmatism management. The report unwinds growth & revenue expansion opportunities at Monofocal Intraocular Lenses’s Material Type, Therapeutic Use, End-User Setting and Distribution Channels including industry revenue forecast.
Industry Leadership and Competitive Landscape
The Monofocal Intraocular Lenses market is characterized by intense competition, with a number of leading players such as Alcon Inc., Bausch & Lomb Incorporated, Carl Zeiss Meditec AG, Essilor International S.A., Hoya Corporation, Johnson & Johnson, Nidek Co. Ltd., STAAR Surgical, Rayner Intraocular Lenses Limited, PhysIOL, Ophtec BV and Swiss Advanced Vision SA.
The Monofocal Intraocular Lenses market is projected to expand substantially, driven by ageing population and technological advancements. This growth is expected to be further supported by Industry trends like Increasing Awareness about Eye Health.
Moreover, the key opportunities, such as technological advancements, strategic collaborations and aging population, are anticipated to create revenue pockets in major demand hubs including U.S., Germany, Japan, China and India.
Regional Shifts and Evolving Supply Chains
North America and Asia Pacific are the two most active and leading regions in the market. With challenges like high cost of monofocal intraocular lenses and limited awareness and understanding, Monofocal Intraocular Lenses market’s supply chain from raw material suppliers / component manufacturers / assembly & testing to distribution & end users is expected to evolve & expand further; and industry players will make strategic advancement in emerging markets including Brazil, South Africa and Indonesia for revenue diversification and TAM expansion.
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