Canada Intraocular Lenses Market By Traditional/Monofocal IOLs ,

Synopsis
The above chart is Canada Intraocular Lenses Market By Traditional/Monofocal IOLs , 2018-2027 (USD Million)

Market Dynamics

the demand for intraocular lenses (iols) in canada has been steadily increasing in recent years. this is largely due to the aging population and the rising prevalence of cataracts, which are the main reason for undergoing cataract surgery and requiring an iol. traditional or monofocal iols are the most commonly used type of iol in canada. these iols have a single focusing power, meaning they provide clear vision at only one distance, usually distance vision. monofocal iols have been around since the 1950s and have continued to be a popular choice for patients undergoing cataract surgery. one of the main reasons for the demand for traditional iols is their affordability. they are the least expensive type of iol available, making them a more accessible option for many patients, especially those without insurance coverage. this is particularly important in canada, where universal healthcare coverage does not include vision care. traditional iols are also the most widely accepted type of iol by ophthalmologists. this is because they have a long track record of success and are easy to implant during cataract surgery. they also have fewer complications compared to other types of iols, which is especially important in older patients who may have other health issues. another factor contributing to the demand for traditional iols is the increasing number of cataract surgeries being performed in canada. according to the canadian institute for health information, there were approximately 285,000 cataract surgeries performed in 2017-2018, a 9% increase from the previous year. as the population continues to age, it is expected that the demand for cataract surgeries, and therefore traditional iols, will continue to rise. however, traditional iols also have their limitations. one of the most significant drawbacks is that they only correct vision at one distance, meaning patients will still require glasses or contacts for near or intermediate vision. this can be a nuisance for some patients and may lead them to consider other types of iols, such as multifocal or toric, which provide more comprehensive vision correction. in conclusion, the demand for traditional or monofocal iols in canada remains high, mainly due to their affordability, proven track record, and ease of implantation. as the population continues to age and the number of cataract surgeries performed increases, it is expected that the demand for these iols will continue to be strong.