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Home ➤ Life Science ➤ Medical Devices & Supplies ➤ Ocular Implants Market
Ocular Implants Market

Ocular Implants Market

Published date: Feb 2023 • Formats:
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  • Home ➤ Life Science ➤ Medical Devices & Supplies ➤ Ocular Implants Market

Global Ocular Implants Market Analysis by Product Type (Intraocular Lens, Corneal Implants, Orbital Implants), by Application (Glaucoma Surgery, Oculoplasty, Drug Delivery, and Age-related Macular Degeneration, Other Applications), by End Use (Hospitals, Specialty Eye Institutes, Clinics, Other End Users) by Region - Global Forecast 2022-2032

  • Published date: Feb 2023
  • Report ID: 96115
  • Number of Pages: 320
  • Format:
  • Overview
  • Table of Contents
  • Major Market Players
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    Report Overview

    The global ocular implants market size is expected to be worth around USD 24,391 Mn by 2032 from USD 13,986 Mn in 2022, growing at a CAGR of 5.87% during the forecast period from 2022 to 2032.

    The predominance of eye-related illnesses is driving the Ocular Implants industry in rising and non-industrial countries, which has presented potential dangers to the populace in the districts. Undiscovered and untreated refractive deformities, waterfalls, age-related macular degeneration, glaucoma, diabetic retinopathy, corneal haziness, and trachoma are the drivers for ocular lack. The most widely recognized and driving reasons for visual deficiency are waterfall and uncorrected refractive blunders. Waterfall ocular misfortune is higher in low-and center pay nations than in big-league salary nations.

    In contrast, in created nations, diabetic retinopathy, glaucoma, and age-related macular degeneration are more common. The waterfall is one of the primary considerations of visual impairment and recorded almost 51% of visual deficiency on the planet. The waterfall is an age-related sickness; the development of the geriatric populace pushes the interest. North America is projected to have a critical piece of the worldwide market for visual implants during the estimated time frame. The accessibility of cutting-edge items for the therapy of ongoing illnesses and basic repayment plans is projected to be the critical development driver of the rising interest in Ocular Implants in the area.

    The business focus became worth US$ 13,305.7 Million. In 2023 and 2031, the ocular implants market is evaluated enroll the most imperative CAGR of 5.2%. The transcendence of eye-related ailments is driving the Visual Implants industry in rising and non-modern nations, which has introduced likely threats the general population in the regions.

    Unseen and untreated refractive deformations, cascades, age-related macular degeneration, glaucoma, diabetic retinopathy, corneal fogginess, and trachoma are the drivers of ocular needs. The most broadly perceived and driving explanations behind visual lack are cascade and uncorrected refractive bumbles. Cascade ocular disaster is higher in low-and focus pay countries than in major association-pay countries.

    In contrast, in made nations, diabetic retinopathy, glaucoma, and age-related macular degeneration are more regular. The cascade is one of the essential contemplations of visual debilitation and recorded practically 51% of visible lack in the world. The waterfall is an age-related ailment; the improvement of senior people additionally pushes the interest.

    North America is projected to have an essential piece of the overall market for visual supplements during the assessed period. The openness of state-of-the-art things for treating progressing sicknesses and entire reimbursement plans is projected to be the primary advancement driver of the rising interest in Visual Implants nearby.

    Ocular Implants Market Value

    Market Scope

    Product Type Analysis

    The glaucoma implants section ruled the market with a sales proportion of greater than 25.0% in 2021. This is due to the rising incidence of glaucoma and the fact that it is one of the leading causes of blindness.in step with an examination through brilliant awareness basis, approximately 20 million humans throughout the world had glaucoma in 2020. This number is expected to exceed over 111 million by the end of 2040. On the premise of product, the market for ocular implants is assessed into intraocular lenses, corneal implants, orbital implants, glaucoma implants, ocular prostheses, and others.

    Glaucoma implants are projected to maintain dominating the market over the forecast length. This is due to the increase in awareness regarding glaucoma by the government and non-government organizations. as an example, the sector Glaucoma affiliation has brought an initiative known as “world Glaucoma Week”, that is deliberate manifest from 6th – 12th March 2022 which will create consciousness referring glaucoma.

    The intraocular lens segment accounted for a significant revenue share in 2021. Intraocular lenses have received a tremendous reputation through the years due to their prolonged use in the remedy of near-sightedness, farsightedness, and presbyopia.

    Ocular Implants Market

    By End-User Analysis

    The medical clinics’ part overwhelms the commercial center for ocular implants, safeguarding a business level of extra than 40%. This is because of the rising number of patients picking ophthalmic medical procedures in clinics when contrasted with centers and specialty eye foundations. The creating commonness of refractive issues and developing spending on medical care framework are components anticipated fuel the blast of the emergency clinics’ segment over the figure span.

    The specialty eye organizations section is supposed to observe massive development during the estimated time frame attributable to the rising requirement for eye care administrations in far-off regions. The wide assortment of in developing economies is anticipated significantly impact the commercial center blast with a precarious vertical push inside the wide variety of exceptional eye foundations. Good government drives and expanding simplicity of carrying on with work in a few non-industrial nations like India, Thailand, the Philippines, and China are supposed to speed up the section development during the gauge time frame.

    Key Market Segments

    Based on Product Type

    • Intraocular Lens
    • Corneal Implants
    • Orbital Implants
    • Glaucoma Implants
    • Ocular Prostheses

    Based on Application

    • Glaucoma Surgery
    • Oculoplasty
    • Drug Delivery
    • Age-related Macular Degeneration
    • Other Applications

    Based on End-User

    • Hospitals
    • Specialty Eye Institutes
    • Clinics
    • Other End Users

    Market Dynamics

    Drivers

    Expanding commonness of eye problems like waterfall and glaucoma is projected to fuel the interest in visual implants

    In latest years, the market has witnessed an extensive variety of technological advances. For human beings with intense imaginative and prescient loss because of the dry atopic form of age-associated macular degeneration, many technical trends are presently undergoing a feasibility trial within the U.S. and France. similarly, the introduction of micro-invasive glaucoma technology is predicted to force the call for sufferers affected by glaucoma.

    There are unique forms of glass, plastic, and scleral shell implacable ocular prostheses to be had in the market. For the ones who’ve skilled eye harm, the ocular prosthesis offers a facial aesthetic attraction. There are unique forms of glass, plastic, and scleral shell implacable ocular prostheses to be had in the market. similarly, the developing shift closer to the adoption of ocular prosthetic rhyolite glass is boosting the market boom of ocular implants.

    Restraints

    Tough administrative endorsements joined with late items reviews could hamper the market development

    The primary elements that preclude the boom of the worldwide ocular implants market consist of stringent regulatory approvals blended with the latest product recollects. as an example, in August 2018, Alcon, an ophthalmology business enterprise, had provoked voluntary product bear in mind Cypass Micro-Stent tool, used for glaucoma surgical procedures. This change it attributed to headaches in endothelial loss at some stage in using the tool.

    Opportunity

    The increasing occurrence of corneal sickness is expected to grow, calling for ocular implants, which is anticipated pressure the international ocular implants market to increase over the forecast duration. as instance, in keeping with the arena health company (WHO), corneal blindness is one of the predominant causes of visibility problem after cataract, glaucoma and age-associated macular deterioration (AMD) and 4th cause of blindness globally (5.1%).

    Furthermore, in February 2021, in line with the data posted by the country-wise middle for Biotechnology records, the incidence of corneal illnesses globally is 217 million human beings and 36 million blind human beings, the task of decreased ocular remains an extreme public fitness challenge. Furthermore, by global health companies, cornea illnesses have an effect on around 30 million human beings, and about a million new corneal dysfunctions are identified a year.

    Trends

    Optical diagnostic age enhancements have brought about increased item development. These innovations are helping improve results for eye medical procedures and open up better approaches

    for seeing people whare visually impaired. Subsequently, the developing acknowledgment of an imaginative visual framework, which incorporates manufactured or bionic eyes and glaucoma gadgets, has created a few opportunities for big business players.

    Recent developments

    • In June 2022: EyePoint Pharmaceuticals, Inc., pSivida, a Pharmaceutical Company, received Chinese regulatory body approval for an implant to treat a form of eye inflammation, becoming the first company to get a nod in the country based entirely on real-world data.
    • In 2018: Ocumension Therapeutics paid an initial $1.75 million to access to EyePoint’s technology.
    • In April 2021: Ocumension Therapeutics filed for National Medical Products Administration (NMPA) approval of Yutiq. According to the biotech, the filing was the first submission for National Medical Products Administration approval of a sustained-release micro-insert with a controlled release rate of up to 36 months and the first time The Positive National Medical Products Administration decision triggered a further claim, namely that Yutiq is the first medicine approved in China based entirely on real-world data. The Chinese regulator had accepted a new drug application based on real-world study data.

    COVID-19 Impact Analysis

    The original COVID-19 pandemic has broken the general stream and working of a portion of the significant economies worldwide while meaningfully affecting the rising and more modest economies too. The lockdown brought about a considerable death toll and created a universal feeling of frenzy among the general population. Hence, numerous limitations and rules were forced by various nations’ specialists to control the extension of COVID-19 and diminish the demise occurrence rate because of the contamination of COVID-19.

    Multiple countries noticed a severe breakdown, which prompted a delay in elective medical procedures and decreased solicitations for ocular implants. This shows that the pandemic affected the market. Be that as it may, the pandemic is anticipated to have a scarcely remarkable impact on the pay of ocular implants in the extended run. One premier perspective demonstrates the overwhelming shift to online preparing applications and work-at-home models. This is prompting a superior level of the general population to uncover a very extreme measure of show screen time, which can bring about the possibility of developing eye issues.

    The pandemic brought about significant interruptions of the store network at first because of the absence of arranging. Accordingly, principal misfortunes have been caused, which constrained the makers to make detailed plans that could help avoid similar conditions within the next few days. Besides, with the launch of the economies, the interest in these strategies has generally risen because of the prior overabundance of medical procedures and expanding center around numerous mindfulness programs. Thus, the Covid-19 pandemic made a horrendous impact on the commercial center. At. First, the commercial center is anticipated to recover from its blast and create an outstanding cost over the gauge span.

    Regional Analysis

    Competitive Novel Pipeline Products and Focus on Mergers and Acquisition Are Major Plans Embraced by Players

    North America ruled the market with a saving percentage of nearly 35.0% in 2021. growing occurrence of eye issues, a sedentary way of life, and growing awareness of key factors Trelease products in North America are elements that are majorly contributing to the market boom in this place. moreover, a positive compensation situation and the supply of technologically superior products inside the region are factors that might be probable to keep its lead over the forecast length.

    The Asia-Pacific region is calculated to archive the fastest CAGR of 7.1% bygone the forecast cycle Developing countries like China and India are predicted to experience a rapid boom in the Asia-Pacific sector due to the massive increase in the count of aged communities. To China’s 7th population census, the nation’s population in 2020 specifically aged 60 and more than that compared to 18.7% of the total population. Other elements that are fasting the sales of the market include the increasing number of diabetic sufferers, increasing cataract operations, and high fees by professionals and the authority on eye care.

    Ocular Implants Market Region

    Key Regions

    North America

    • The US
    • Canada
    • Mexico

    Latin America

    • Brazil
    • Colombia
    • Chile
    • Argentina
    • Costa Rica
    • Rest of Latin America
    • Eastern Europe
    • Russia
    • Poland
    • The Czech Republic
    • Greece
    • Rest of Eastern Europe

    Western Europe

    • Germany
    • France
    • The UK
    • Spain
    • Italy
    • Portugal
    • Ireland
    • Austria
    • Switzerland
    • Benelux
    • Nordic
    • Rest of Western Europe

    APAC

    • China
    • Japan
    • South Korea
    • India
    • Australia & New Zealand
    • Indonesia
    • Malaysia
    • Philippines
    • Singapore
    • Thailand
    • Vietnam
    • Rest of APAC

    Middle East & Africa

    • Algeria
    • Egypt
    • Israel
    • Kuwait
    • Nigeria
    • Saudi Arabia
    • South Africa
    • Turkey
    • United Arab Emirates
    • Rest of MEA

    Market Share & Key Players Analysis

    Key gamers inside the ocular implants market are specializing in wearing out strategic acquisitions, partnerships, and product launches that will assist them to expand their product dossier and at ease a sturdy position within the market. For example, in August 2021, Alcon, Inc., a subsidiary of Novartis, acquired Ivantis, Inc., and HydrusMicrostent for surgical glaucoma.

    The leading companies in the worldwide ocular implants market consist of:

    Market Key Players

    • Alcon Inc.
    • Bausch & Lomb Inc. (Bausch Health Companies Inc.)
    • Carl Zeiss AG
    • Johnson & Johnson
    • Morcher GmbH
    • Hoya Corporation
    • Glaukos Corporation
    • STAAR Surgical Company
    • Gerresheimer AG
    • Shandong Pharmaceutical Glass Co. LTD
    • Other Key Players

    Report Scope

    Report Features Description
    Market Value (2022) US$ 13,986 Mn
    Forecast Revenue (2032) US$ 24,391 Mn
    CAGR (2023-2032) 5.87%
    Base Year for Estimation 2022
    Historic Period 2016-2022
    Forecast Period 2023-2032
    Report Coverage Revenue Forecast, Market Dynamics, COVID-19 Impact, Company Profiles, Recent Developments
    Segments Covered Based on Product Type, Intraocular Lens, Corneal Implants, Orbital Implants, Glaucoma Implants, Ocular Prostheses, Based on Application, Glaucoma Surgery, Oculoplasty, Drug Delivery, Age-related Macular Degeneration, Other Applications, Based on End-User Hospitals Specialty Eye Institutes, Clinics, Other End Users, Based on Product Type, Intraocular Lens, Corneal Implants, Orbital Implants, Glaucoma Implants, Ocular Prostheses, Based on Application, Glaucoma Surgery, Oculoplasty Drug Delivery, Age-related Macular, Degeneration, Based on End-User, Hospitals, Specialty Eye Institutes, Clinics, Based on Type, Intraocular Lens, Corneal Implants, Orbital Implants, Glaucoma Implants, Ocular Implants, Based on End-User, Healthcare (Hospitals, Private Clinics, Nursing Homes, Medical.)
    Regional Analysis North America – The US, Canada, & Mexico; Western Europe – Germany, France, The UK, Spain, Italy, Portugal, Ireland, Austria, Switzerland, Benelux, Nordic, & Rest of Western Europe; Eastern Europe – Russia, Poland, The Czech Republic, Greece, & Rest of Eastern Europe; APAC – China, Japan, South Korea, India, Australia & New Zealand, Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam, & Rest of APAC; Latin America – Brazil, Colombia, Chile, Argentina, Costa Rica, & Rest of Latin America; the Middle East & Africa – Algeria, Egypt, Israel, Kuwait, Nigeria, Saudi Arabia, South Africa, Turkey, United Arab Emirates, & Rest of MEA

    North America – US, Canada Mexico; Western Europe – Germany, France, The UK, Spain, Italy, Portugal, Ireland, Austria, Switzerland, Benelux, Nordic; Eastern Europe – Russia, Poland, The Czech Republic, Greece; APAC – China, Japan, South Korea, India, Australia & New Zealand, Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam; Latin America – Brazil, Colombia, Chile, Argentina, Costa Rica; Middle East & Africa – Algeria, Egypt, Israel, Kuwait, Nigeria, Saudi Arabia, South Africa, Turkey, United Arab Emirates;

    Competitive Landscape Alcon Inc., Bausch & Lomb Inc. (Bausch Health Companies Inc.), Carl Zeiss AG, Johnson & Johnson, Morcher GmbH, Hoya Corporation, Glaukos Corporation, STAAR Surgical Company, Gerresheimer AG, Shandong Pharmaceutical Glass Co. LTD, Other Key PlayersAlcon, Inc., Bausch & Lomb, Inc., Carl Zeiss AG, Johnson & Johnson, STAAR Surgical Company, Morcher GmbH, Hoya Corporation, Glaucous Corporation
    Customization Scope  Customization includes:-Segments by type, application, etc Market dynamics & outlook Region
    Purchase Options Offline

    Frequently Asked Questions (FAQ)

    How much is the Global Ocular Implants Market worth?

    Global Ocular Implants Market market size is Expected to Reach USD 24,391 Mn  by 2032.

    What was the Market Segmentation of the Ocular Implants Market?

    Based on Product Type, Intraocular Lens, Corneal Implants, Orbital Implants, Glaucoma Implants, Ocular Prostheses, Based on Application, Glaucoma Surgery, Oculoplasty, Drug Delivery, Age-related Macular Degeneration, Other Applications, Based on End-User Hospitals Specialty Eye Institutes, Clinics, Other End Users, Based on Product Type, Intraocular Lens, Corneal Implants, Orbital Implants, Glaucoma Implants, Ocular Prostheses, Based on Application, Glaucoma Surgery, Oculoplasty Drug Delivery, Age-related Macular, Degeneration, Based on End-User, Hospitals, Specialty Eye Institutes, Clinics, Based on Type, Intraocular Lens, Corneal Implants, Orbital Implants, Glaucoma Implants, Ocular Implants, Based on End-User, Healthcare (Hospitals, Private Clinics, Nursing Homes, Medical.)

    Who are the major players operating in the Ocular Implants Market?

    Alcon Inc., Bausch & Lomb Inc. (Bausch Health Companies Inc.), Carl Zeiss AG, Johnson & Johnson, Morcher GmbH, Hoya Corporation, Glaukos Corporation, STAAR Surgical Company, Gerresheimer AG, Shandong Pharmaceutical Glass Co. LTD, Other Key PlayersAlcon, Inc., Bausch & Lomb, Inc., Carl Zeiss AG, Johnson & Johnson, STAAR Surgical Company, Morcher GmbH, Hoya Corporation, Glaucous Corporation

    Which region will lead the Global Ocular Implants Market?

    North America is estimated to be the fastest-growing region during the forthcoming years.

    Ocular Implants Market
    Ocular Implants Market
    Published date: Feb 2023 • Formats:
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    • Alcon Inc.
    • Bausch & Lomb Inc. (Bausch Health Companies Inc.)
    • Carl Zeiss AG
    • Johnson & Johnson
    • Morcher GmbH
    • Hoya Corporation
    • Glaukos Corporation
    • STAAR Surgical Company
    • Gerresheimer AG Company Profile
    • Shandong Pharmaceutical Glass Co. LTD
    • Other Key Players
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