India Intraocular Lens Market Overview
Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Growth Rate: 4.35% (2025-2033)
The India intraocular lens (IOL) market is witnessing robust growth, driven by a rising prevalence of cataract cases, increasing geriatric population, and advancements in eye care technology across the country. According to the latest report by IMARC Group, The India intraocular lens market size reached USD 143.82 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 210.98 Million by 2033, exhibiting a growth rate (CAGR) of 4.35% during 2025-2033.
India Intraocular Lens Industry Trends and Drivers:
The India intraocular lens industry is undergoing tremendous growth due to the increased prevalence of cataract and other vision disorders and an older population. As age-related ocular diseases increase, demand for vision correction solutions will also increase; these solutions will include vision correction through intraocular lens implantation. There have been technical enhancements in intraocular lens manufacture, including a range of sophisticated lens: premium lenses such as multifocal and toric IOLs. These sophisticated lenses address specific vision issues (e.g., astigmatism) plus can provide patients with superior visual acuity, and reduced reliance on eyeglasses after intraocular surgery. There is growing awareness of the treatment options available and the benefits of the more sophisticated IOL, which is enabling more people to opt for surgical options, which is thus driving growth in the market. Despite a much improving healthcare infrastructure and proportionately more specialized ophthalmic hospitals, enhanced access to quality eye care services will significantly increase the growth of the market.
Another important key driver for the India intraocular lenses market is proactive government initiatives to increase access to affordable eye care. Various government programs and schemes provide free or subsidised cataract surgeries to the economically weaker sections of society effectively increasing volume of intraocular lenses Implantation at the public hospitals. The Ayushman Bharat scheme is an important major overhaul health-care service initiative that also includes cataract surgeries, further strengthening the need for IOLs and their demand. The Indian government has also streamlined regulatory approvals for medical devices which has also helped both domestic manufacturing of IOLs as well as reduced reliance on expensive imports of IOLs also making the availability of these lenses more cost effective in various regions. The growing medical tourism sector has also seen patients being attracted from neighbouring countries for eye-health-related procedures, often at cheaper costs and better quality that will also increase demand for intraocular lenses. As awareness in the general public to correct vision problems has increased, and with the availability of more advanced surgical techniques, more people who might follow up on corrective surgery will be able to achieve improved vision and therefore quality of life.
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India Intraocular Lens Industry Segmentation:
The report has segmented the market into the following categories:
Product Insights:
- Monofocal IOL
- Multifocal IOL
- Toric IOL
- Accommodative IOL
Material Insights:
- Polymethylmethacrylate (PMMA)
- Silicone
- Hydrophobic Acrylic
End Use Insights:
- Hospitals
- Ophthalmic Clinics
- Ambulatory Care Centers
- Eye Research Institutes
Regional Insights:
- North India
- South India
- East India
- West India
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key highlights of the Report:
- Market Performance (2019-2024)
- Market Outlook (2025-2033)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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