| Label | Aspheric Monofocal IOLs | Spheric Monofocal IOLs |
|---|---|---|
| 2018 | 376.23 USD Mn | 165.31 USD Mn |
| 2019 | 405.38 USD Mn | 177.06 USD Mn |
| 2020 | 420.91 USD Mn | 182.76 USD Mn |
| 2021 | 450.95 USD Mn | 194.65 USD Mn |
| 2022 | 480.4 USD Mn | 206.13 USD Mn |
| 2023 | 511.76 USD Mn | 218.28 USD Mn |
| 2024 | 545.14 USD Mn | 231.14 USD Mn |
| 2025 | 580.69 USD Mn | 244.74 USD Mn |
| 2026 | 618.53 USD Mn | 259.13 USD Mn |
| 2027 | 658.81 USD Mn | 274.35 USD Mn |
Data Source: Wantstats Repository
The demand for intraocular lenses (IOLs) in the United States is constantly evolving due to advancements in technology, changes in demographics, and shifts in consumer preferences. This has led to a diverse market for IOLs, with traditional or monofocal IOLs being one of the predominant options available to patients. Monofocal IOLs have been used in cataract surgery for decades and remain a popular choice for patients undergoing this procedure. These lenses are designed to correct vision at a single distance, typically for distance vision. This means that patients may still need to use glasses for activities such as reading or driving. One of the main drivers of demand for traditional or monofocal IOLs is the high success rate of cataract surgeries. According to the American Academy of Ophthalmology, cataract surgery is among the most commonly performed surgeries in the US and has a success rate of over 98%. As cataracts are more prevalent among the aging population, the demand for cataract surgeries and traditional IOLs is expected to continue to grow. Another factor contributing to the demand for traditional IOLs is their affordability compared to alternative options.
While premium IOLs, such as multifocal or toric lenses, offer a wider range of vision correction, they also come at a higher cost. This makes traditional IOLs a more accessible option for patients who may not be able to afford premium lenses. However, traditional IOLs also have some limitations that may impact their demand in the future. These lenses do not correct astigmatism, which can be a visual impairment for many people. This has led to the development of toric IOLs, which are designed to correct astigmatism along with traditional monofocal vision correction. As toric IOLs become more widely available and affordable, they may impact the demand for traditional IOLs in the coming years. With advancements in technology, traditional IOLs have also undergone some changes to improve their overall performance. For example, there are now aspheric monofocal lenses available that aim to reduce the occurrence of spherical aberration and improve visual clarity at night. These advancements may help to sustain the demand for traditional IOLs in the market. In conclusion, the demand for traditional or monofocal IOLs in the US market remains strong due to their success rate and affordability.
However, with new technologies and alternatives available, the landscape of IOL demand is likely to continue evolving in the coming years.
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2024.
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Manager, JavolVision
Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Sales Operations & Pricing Manager, Intel
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Sales Leader, Bamberg
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Account and Business Manager, EFS-Holland BV
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Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
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US Intraocular Lenses Market By Traditional/Monofocal IOLs , 2018-2027
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