Premium IOL Growth: Multifocal and Toric in the Intraocular Lenses Market
Description: Multifocal IOLs and Toric IOLs are the fastest-growing premium segments in the Australia Intraocular Lenses Market, catering to patients seeking correction for presbyopia and astigmatism.
The premium IOL segment is a major growth area within the Australia Intraocular Lenses Market, led by Multifocal IOLs and Toric IOLs. Multifocal IOLs, which correct vision at multiple distances (near, intermediate, and far), are highly sought after by patients with presbyopia who wish to minimize or eliminate the use of reading glasses. The Multifocal segment was valued at $17.91 million in 2024 and is projected to grow to $22.42 million by 2027.
Toric IOLs, designed to correct pre-existing astigmatism, also represent a significant growth area. The Toric segment was valued at $11.63 million in 2024 and is expected to reach $13.24 million by 2027.
The increasing patient disposable income and willingness to pay out-of-pocket for premium outcomes are key catalysts for these segments. These advanced lenses are transforming cataract surgery into a refractive procedure, solidifying the market's shift toward high-value, patient-customized solutions in the Australia Intraocular Lenses Market.
FAQs
What vision issues do Multifocal and Toric IOLs primarily address? Multifocal IOLs address presbyopia (near and intermediate vision), and Toric IOLs correct astigmatism.
What is the projected market value for Multifocal IOLs in 2027? The projected market value for Multifocal IOLs in 2027 is $22.42 million.
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