US Intraocular Lenses Market By Traditional/Monofocal IOLs , 2018-2027

Growth Outlook

• The 2027 portion of the US Intraocular Lenses Market By Traditional/Monofocal IOLs , 2018 market is on a steady long-term growth path. Segment value stands at roughly USD 878 Mn in 2026 and is projected to reach USD 933 Mn by 2027 — a gain of about 6% over the forecast period, translating to a CAGR in the mid-single digits.
• 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.
• What the regional split looks like (2026): Aspheric Monofocal IOLs leads, holding roughly 70% of segment value — the single largest regional share. Spheric Monofocal IOLs is the second-largest contributor.
• By 2027, Aspheric Monofocal IOLs alone is expected to reach USD 659 Mn, with Spheric Monofocal IOLs at USD 274 Mn.

Market Dynamics

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.

Research Methodology

Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2024.