Canada Intraocular Lens Market Size & Outlook, 2022-2030
Canada intraocular lens market, 2018-2030 (US$M)
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Canada intraocular lens market highlights
- The Canada intraocular lens market generated a revenue of USD 307.2 million in 2022 and is expected to reach USD 392.5 million by 2030.
- The Canada market is expected to grow at a CAGR of 3.1% from 2023 to 2030.
- In terms of segment, multifocal intraocular lenses was the largest revenue generating product in 2022.
- Multifocal Intraocular Lenses is the most lucrative product segment registering the fastest growth during the forecast period.
Intraocular lens market data book summary
| Market revenue in 2022 | USD 307.2 million |
| Market revenue in 2030 | USD 392.5 million |
| Growth rate | 3.1% (CAGR from 2022 to 2030) |
| Largest segment | Multifocal intraocular lenses |
| Fastest growing segment | Multifocal Intraocular Lenses |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Monofocal Intraocular Lenses, Multifocal Intraocular Lenses, Toric Intraocular Lenses, Accommodative Intraocular Lenses |
| Key market players worldwide | Alcon Inc, Bausch & Lomb Corp, Carl Zeiss Meditec AG, Staar Surgical Co, Hoya Corp, Johnson & Johnson, Rayner Surgical Group, Eyekon Medical, Lenstec, HumanOptics |
Other key industry trends
- In terms of revenue, Canada accounted for 7.2% of the global intraocular lens market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. intraocular lens market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 1,808.0 million by 2030.
Multifocal intraocular lenses was the largest segment with a revenue share of 52.7% in 2022. Horizon Databook has segmented the Canada intraocular lens market based on monofocal intraocular lenses, multifocal intraocular lenses, toric intraocular lenses, accommodative intraocular lenses covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing geriatric population and presence of National Health Insurance plan are few factors contributing to the growth of the market in Canada. For instance, as per a report published by the Canadian Journal of optometry, around 11.5% individuals in Canada are above the age of 65.
In addition, as per the report, 1 in 5 individuals will be above the age of 65 by 2031. Geriatric population is more prone to diseases such as cataract and glaucoma Thus, growing geriatric population is expected to positively impact the market.
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Intraocular Lens Market Scope
Intraocular Lens Market Companies
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Canada intraocular lens market size, by product, 2018-2030 (US$M)
Canada Intraocular Lens Market Outlook Share, 2022 & 2030 (US$M)
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