1. What is the projected Compound Annual Growth Rate (CAGR) of the Middle East & Africa Intraocular Lens (IOL) Market?
The projected CAGR is approximately 4.0%.
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Middle East & Africa Intraocular Lens (IOL) MarketMiddle East & Africa Intraocular Lens (IOL) Market by Type (Monofocal, Premium {Multifocal, Toric, Others}), by Material (Polymethylmethacrylate (PMMA), by End-user (Hospitals & Ambulatory Surgery Centers, Specialty Clinics, Academic & Research Institutes), by Forecast 2026-2034
The Middle East & Africa Intraocular Lens (IOL) Market size was valued at USD 4.24 USD billion in 2023 and is projected to reach USD 5.58 USD billion by 2032, exhibiting a CAGR of 4.0 % during the forecast period. An Intraocular Lens (IOL) is an implanted lens placed in the eye to replace the natural lens extracted during cataract operation or for the correction of astigmatism. IOLs function by directing light towards the retina of the eye. The different categories include the monofocal IOL, the multifocal IOL, the toric IOL and the accommodating IOL. Monofocal IOLs provide vision at a single fixed focus while multifocal and accommodating IOLs improve visions of at different ranges of distance. Toric IOLs correct astigmatism. The benefits of IOLs include better vision, little or no dependency on glasses or contacts, and a short period of healing time. Market trends in Middle East & Africa region reveal a rising interest in these advanced IOLs due to awareness, innovation, and sheer volume of cataract surgery. There is an increasing trend of late towards lens customization and improved IOLs in these areas.
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Type:
Material:
End-user:
| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 4.0% from 2020-2034 |
| Segmentation |
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Note*: In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 4.0%.
Key companies in the market include Alcon Inc. (Switzerland), Bausch & Lomb Incorporated (Bausch Health Companies, Inc.) (Canada), Johnson & Johnson Vision Care, Inc. (Johnson & Johnson Services, Inc.) (U.S.), HOYA Corporation (Japan), Rayner Group (U.K.), Hanita Lenses (Israel), SIFI S.p.A (Italy), Biotech (Switzerland), STAAR SURGICAL (U.S.).
The market segments include Type, Material, End-user.
The market size is estimated to be USD 4.24 USD billion as of 2022.
Increasing Cases of Chronic Diseases to Fuel the Demand for Specialty Generics.
Increasing Number of Hospitals and ASCs Identified as Significant Market Trend.
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