| Label | Aspheric Monofocal IOLs | Spheric Monofocal IOLs |
|---|---|---|
| 2018 | 428.43 USD Mn | 193.68 USD Mn |
| 2019 | 461.74 USD Mn | 207.34 USD Mn |
| 2020 | 479.56 USD Mn | 213.9 USD Mn |
| 2021 | 513.95 USD Mn | 227.7 USD Mn |
| 2022 | 547.7 USD Mn | 241.02 USD Mn |
| 2023 | 583.66 USD Mn | 255.12 USD Mn |
| 2024 | 621.99 USD Mn | 270.04 USD Mn |
| 2025 | 662.82 USD Mn | 285.83 USD Mn |
| 2026 | 706.32 USD Mn | 302.53 USD Mn |
| 2027 | 753.15 USD Mn | 319.74 USD Mn |
Data Source: Wantstats Repository
The Europe intraocular lenses market is being driven by the increasing demand for traditional/monofocal IOLs. Traditional IOLs have been in use for decades and have a proven track record in correcting vision after cataract surgery. These IOLs have a fixed focal length, which means that they can only provide clear vision at a specific distance. However, with advancements in technology, traditional IOLs have also evolved, becoming more sophisticated and meeting the changing needs of patients. One of the main reasons for the demand for traditional IOLs is their affordability. These IOLs are cost-effective and offer good value for money. They are also a tried and tested option for cataract surgery, with a high success rate and minimal risk of complications. This makes them a popular choice among patients, especially those who want to avoid the high cost of premium IOLs. Another factor contributing to the demand for traditional IOLs is the growing aging population in Europe. As people age, they are more likely to develop cataracts, leading to the need for cataract surgery. According to Eurostat, the European Union's statistical office, the number of people aged 65 and above is projected to increase by almost 20 million by 2050.
This increase in the geriatric population will result in a higher number of cataract surgeries being performed, thereby driving the demand for IOLs. Moreover, traditional IOLs have a quick post-operative recovery time, allowing patients to resume their daily activities sooner. This makes them an attractive option for individuals who lead an active lifestyle and do not want to be restricted by their vision impairment. However, traditional IOLs do have some limitations, including the inability to correct presbyopia (age-related loss of near vision) and astigmatism, unlike premium IOLs. This has led to the development of advanced traditional IOLs, known as enhanced monofocal IOLs, which can correct both near and distance vision. These enhanced IOLs are gaining popularity, especially among patients who want the benefits of traditional IOLs with the added advantage of correcting presbyopia. In conclusion, the Europe intraocular lenses market is witnessing a growing demand for traditional/monofocal IOLs due to their affordability, proven efficacy, and quick recovery time. However, advancements in technology have also led to the development of enhanced traditional IOLs, which are gaining momentum in the market.
With the aging population in Europe and the increasing prevalence of cataracts, the demand for traditional IOLs is expected to continue to rise 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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Europe Intraocular Lenses Market By Traditional/Monofocal IOLs, 2018-2027
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