| Label | Aspheric Monofocal IOLs | Spheric Monofocal IOLs |
|---|---|---|
| 2018 | 44.71 USD Mn | 21.55 USD Mn |
| 2019 | 47.23 USD Mn | 22.64 USD Mn |
| 2020 | 48.07 USD Mn | 22.91 USD Mn |
| 2021 | 50.46 USD Mn | 23.91 USD Mn |
| 2022 | 52.66 USD Mn | 24.81 USD Mn |
| 2023 | 54.92 USD Mn | 25.73 USD Mn |
| 2024 | 57.27 USD Mn | 26.67 USD Mn |
| 2025 | 59.68 USD Mn | 27.64 USD Mn |
| 2026 | 62.18 USD Mn | 28.63 USD Mn |
| 2027 | 64.75 USD Mn | 29.64 USD Mn |
Data Source: Wantstats Repository
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.
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2024.
Unlock the Full Data
Get This Chart
Access the complete chart and underlying data to support your research, analysis, and business decisions.
Let's work together
support@wantstats.comStart your data driven journey with us!
Trusted by forward-thinking businesses
for data-driven intelligence
Co-Founder, Mojave Rail Fabrication Limited
This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
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
Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Sales Leader, Bamberg
We bought your "2025 report" in 2020. Everything is fine and very good.
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
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.
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Co-Founder, Mojave Rail Fabrication Limited
This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
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
Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Sales Leader, Bamberg
We bought your "2025 report" in 2020. Everything is fine and very good.
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
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.
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Canada Intraocular Lenses Market By Traditional/Monofocal IOLs , 2018-2027
Powering the world's best teams.
From next-gen startups to established enterprises.
