Contact and Intraocular Lenses Market Size, Share, Growth Analysis, By Type(Contact Lenses, and Intraocular Lenses), By Material(Contact Lens Material, and Intraocular Lens Material), By End User(Hospitals, Ophthalmic Clinics, and Others), By Region - Industry Forecast 2024-2031

North America accounts for a notable share of the global contact and intraocular lenses market at present. The high spending potential of people in this region and the presence of a developed healthcare infrastructure are majorly contributing to the rising sales of contact and intraocular lenses in this region. The United States is forecasted to be the top market for contact and intraocular lens suppliers in this region. Growing launches of new types of lenses in North America and rising spending on ophthalmic care are also factors that could provide new opportunities for market growth in this region going forward. The availability of better reimbursement policies for eye surgeries and treatments in this region will also support market development.

The rapidly expanding geriatric population base in the Asia Pacific region sets the tone for this region to become the fastest-growing regional market. Rising investments in healthcare infrastructure development, growing disposable income, and an expanding diabetic population are also estimated to boost demand for contact and intraocular lenses in this region going forward. The growing availability of novel lenses and ophthalmic procedures in this region is also forecasted to create new opportunities for contact and intraocular lens vendors in this region. India, Japan, China, and South Korea are predicted to be top markets in this region.