Global Data: Increasing Cataract Surgical Rates Will Drive Artificial Lenses Market to Reach $4.7 Billion by 2030

The global market for IOLs is forecast by GlobalData to steadily grow from $4.3 billion in 2021 to $4.7 billion by the end of the decade. The data and analytics company notes that this growth is primarily driven by the growing capacity of many hospitals and clinics across all regions to perform more cataract surgeries as the need for surgical treatment remains high.

“The rise in prevalence of cataracts and refractive error around the globe has compelled governments to start initiatives to lower the number of patients suffering from partial or complete blindness," Brian Hicks, Senior Analyst at GlobalData, said in a company news release. "We expect an increase in the number of eye surgeries and use of IOLs for both cataracts and refractive errors in the next decade.”