Middle East & Africa Intraocular Lens Market

Middle East and Africa Intraocular Lens Market Size (2024 to 2032):

The size of the Middle East and Africa intraocular lens market was worth USD 4.35 billion in 2023. The market is anticipated to grow at a CAGR of 3.9% from 2024 to 2032 and be worth USD 6.14 billion by 2032 from USD 4.52 billion in 2024.

MARKET SCENARIO

The increasing incidence of ophthalmic issues majorly drives the Middle East and Africa intraocular lens market. In addition, the proliferation of cataracts in the geriatric population has created the demand for intraocular lenses. The high susceptibility to cataracts in the increasing group of patients is expected to drive market growth during the forecast period. 

Also, the market is expected to grow further owing to the growing preference for high-end intraocular lenses for the treatment of optical conditions.

Furthermore, the fast and straightforward surgical procedure for the replacement process coupled with the rapid technological advancements in the healthcare industry, especially in South Africa and UAE, is projected to provide lucrative growth opportunities for the Middle East and Africa IOL market.

Therefore, the increase in the diabetic population results in an increasing need for intraocular lenses. In addition, countries such as UAE and Saudi Arabia have a high diabetic population, significantly influencing the market growth. 

The International Agency for the Prevention of Blindness (IAPB) introduces new ways to eliminate one of the world's leading causes for preventable blindness. In addition, regional government organizations are conducting ophthalmic camps and providing favorable reimbursement policies to raise awareness and help achieve the Vision 2022 target. As a result, the Middle East and Africa intraocular lens market growth is expected to increase during the forecast period.

A few challenges are associated with intraocular lenses (IOL), namely the confusions and errors related to the application of intraocular lenses (IOL), which leads to most common postoperative complications and the significant errors related to poor implantation of the IOL, which limits its applications. In addition, the reimbursement provided for IOL implants is less well known and less adopted in developing economies.

SEGMENTAL ANALYSIS

Middle East and Africa Intraocular Lens Market Analysis By Material

• Polymethylmethacrylate (PMMA)
• Silicone
• Hydrophobic Acrylic

Middle East and Africa Intraocular Lens Market Analysis By Type

• Monofocal Intraocular Lens
• Premium Intraocular Lens
• Toric Intraocular Lens
• Multifocal Intraocular Lens
• Accommodating Intraocular Lens

Middle East and Africa Intraocular Lens Market Analysis By End User

• Hospitals
• Ophthalmology Clinics
• Eye Research Institutes
• Ambulatory Surgical Centers

GEOGRAPHICAL ANALYSIS

• KSA
• UAE
• Israel
• the rest of GCC countries
• South Africa
• Ethiopia
• Kenya
• Egypt
• Sudan
• rest of Middle East and Africa

Geographically, the Middle East holds a significant share of the Middle East and Africa intraocular lens market; this can be attributed to key market players in the region. In addition, the growing geriatric population and advanced health facilities contribute to the region's dominance.

Middle East and Africanwhile, the UAE intraocular lens market is expected to experience the fastest growth rate in the Middle East and Africa region during the forecast period. The development of the health sector and the growing penetration of the leading players are vital factors. Further, the market is predicted to be driven by the increasing prevalence of cataracts, macular degeneration, and diabetic retinopathy in diabetic patients. In addition, increased health spending and government initiatives to increase awareness of cataracts are expected to contribute to regional growth.

South Africa intraocular lens market is expected to increase due to the growing preference for toric lenses, the increasing adoption of lasers for cataract surgeries, and healthcare awareness. In addition, several market players are present in the country, which would also contribute to the market growth. Therefore, it will account for overall market growth in Africa.

Furthermore, Saudi Arabia intraocular lens market is projected expected account for a promising share in the intraocular lens market. The market growth is driven by increasing healthcare spending, supportive government policies, and improving healthcare infrastructure.

KEY MARKET PLAYERS

Key Market Companies dominating the Middle East & Africa Intraocular Lens Market Profiled in the Report are Johnson & Johnson, Valeant, Carl Zeiss Meditec AG, Rayner, Alcon, Inc. (division of Novartis AG), EyeKon Medical, Inc., Lenstec, Inc., HumanOptics AG, STAAR Surgical, Physiol s.a., Calhoun Vision Center, and Oculentis GmBH.,