Market Trends of Europe Intraocular Lens Industry
Accommodative IOL is Expected to Hold a Significant Market Share Over the Forecast Period
- Compared to monofocal IOLs, accommodating intraocular lenses adapt effectively to post-surgical alterations. Patients with macular degeneration appreciate these because they help the eye muscles focus on distant and intermediate things. Presbyopia, myopia, and astigmatism are ophthalmic conditions that these lenses are frequently used to cure. The increasing cases of eye disorders and the increased number of surgeries related to eyes are essential factors boosting the segment's growth.
- The rising prevalence of ophthalmic disorders such as myopia, presbyopia, and astigmatism are the major factors driving segment growth. For instance, according to an article published by PubMed Central in November 2022, Germany has a very high prevalence of myopia, and it is often associated with environmental factors. The source also stated that a study was conducted in Germany, which showed that the prevalence of myopia was 3.84% in the 3- to 10-year-old age group and 21.5% in the 11- to 18-year-old age group. Thus, the high prevalence of such refractive disorders is expected to boost the adoption of accommodative intraocular lenses.
- Moreover, the rising prevalence of diabetes in the region is also expected to boost the growth of the segment, as it will result in more cataract and diabetic retinopathy patients. For instance, according to the data updated by International Diabetes Federation (IDF) in February 2022, it was estimated that 6,199,900 people were living with diabetes in Germany in 2022, which had a prevalence of 10%. Similarly, an estimated 3,942,900 people were living with diabetes in France in 2022, which had a prevalence of 8.6%. Hence, the aforementioned factors, such as the rising ophthalmic disorders and the increasing majority of diabetic patients, are expected to enhance segment growth.
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United Kingdom is Expected to Hold a Significant Market Share Over the Forecast Period
- The United Kingdom is expected to hold a significant market share due to factors such as the rising prevalence of ophthalmic disorders, easy availability of technologically advanced products, and high awareness among consumers.
- The increasing number of cataract surgeries is also expected to boost segment growth. For instance, according to the data published by the Royal College of Ophthalmologists in August 2022, an estimated 43,932 cataract procedures took place in England in November 2021, which was 21% higher than five years previously. The source also stated that with the aging population and increasing cataract prevalence, it is estimated there will have been a 50% rise in cataract procedures in the country by 2035.
- Furthermore, the rising prevalence of ophthalmic disorders in the United Kingdom is the major factor driving the market growth. For instance, according to an article published by PubMed Central in January 2022, a study was conducted in the United Kingdom which showed that the overall pooled prevalence of primary myopia in the United Kingdom Biobank population was 26.9%, which comprising 4.0% high myopia, 9.5% moderate myopia and 13.3% low myopia. Also, 45.6% of subjects were emmetropic, and 27.6% were hypermetropic.
- Moreover, developments by major market players, such as product launches, mergers, and acquisitions, are also expected to boost market growth, as this will increase access to more technologically advanced products. For instance, in September 2022, it announced that the first implantations of RayOne EMV Toric mono-focal intraocular lenses had been performed by two surgeons from the United Kingdom. Hence, the aforementioned factors, such as the rising ophthalmic disorders and the increasing number of cataract surgeries, are expected to enhance segment growth.
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