Ocular Implant Market, By Implant Type (Corneal Implants, Orbital Implants, Intraocular Lenses, Ocul

Published Date: February 2020 | Report Code : HC2061576

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The global ocular implant market is expected to reach USD 13.17 billion by 2028 at a CAGR of 5.9% during the forecast period. Ocular implants are used for the medical surgeries that affect the replacement of the injured eye or to extend the sharpness of the vision. Differing types of implants are available within the market which may be used for the treatment of varied eye disorders. The implants like implants for glaucoma surgery, intraocular lenses, and corneal implants of these are wont to treat the injured or the missing eyes. Consistent with the attention dimensions, the customized prosthetic eyes are made available.

Increase in ophthalmic disorders like glaucoma, scleritis, and Age-Related degeneration (AMD) is propelling demand for ocular implants. Sedentary lifestyle, which can end in diabetes, and strain on the attention thanks to long working hours on the pc are the explanations for “dry eye” and diabetic retinopathy.

In addition, cataract is one among the leading causes of blindness and accounts for about 51.0% of the world’s blindness. A cataract is an age-related disease; hence, the rise within the geriatric population is driving the market. Technological advancements, higher acceptance of vision correction procedures, and fast adoption of intraocular lenses for cataract surgeries are the factors propelling the market growth. For instance, a replacement collagen glaucoma implant that inhibits the formation of scar and is biodegradable has been developed. However, the factors that are restraining the growth of the ocular implants market are the lack of the skilled professionals that deal with the implantation procedures and the side effects that may occur due to the eye implants.

Key Factors Impacting the Growth of Ocular Implant Market:

  • Increase in ophthalmic disorders.
  • The increasing cases of the cataract development.

The ocular implant market segmentation is based on implant type, application, end user, and region.

Implant Type Outlook:

Based on implant type, the ocular implant market is segmented into corneal implants, orbital implants, intraocular lenses, ocular prosthesis, glaucoma implants, and others. The glaucoma implants segment is going to dominate the market. Moreover, the intraocular lenses segment are expected to be the fastest growing segment during the forecast period.

Application Outlook

Based on application, the ocular implant market is segmented into aesthetic purpose, drug delivery, glaucoma surgery, oculoplasty, age-related macular degeneration, and others. The glaucoma surgery segment is expected to dominate the market in 2018 and expected to dominate the market during the forecast period owing to the increasing incidence of glaucoma. Additionally, the rising awareness about this disease is further increasing demand for early treatment.

End User Outlook:

Based on the end user, the ocular implant market is segmented into specialty eye clinics, hospitals, and eye institutes. The hospitals segment are expected grow at the highest CAGR during the forecast period owing to the rising frequency of treatment for vision impairment at hospitals.

Regional Outlook:

Based on the region, the global ocular implant market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. In 2018, The global ocular implants market was dominated by North America and is anticipated to retain its position. Increase within the aging population and availability of reimbursement facilities are boosting the regional market growth.

The Asian ocular implant market is anticipated to witness the very best rate of growth due to the increase within the diabetic population and therefore the rise in government healthcare expenditure. The developing countries like China and Japan are expected to be the fastest-growing within the Asia Pacific region, due to the rising number of reported cases of blindness, increasing cataract surgeries, and growing expenditure on eye care by individuals and government..

Competitive Landscape

The leading companies in the ocular implant market are focused on the product development as well as the acquisition in the market to enhance the market share in the global market during the forecast period. This also expected to fuel the market growth in the coming years. The key leading players in the global ocular implant market include Novartis AG, Pfizer Inc., Staar Surgical, Johnson & Johnson Services, Inc., Bausch & Lomb Incorporated., Morcher GmbH, and others.

This report also includes the profiles of key ocular implant market companies along with their SWOT analysis and market strategies. In addition, these competitive landscapes provide a detailed description of each company including future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launch, new product developments, and other latest industrial developments.

Key Developments in Ocular Implant Market:

  • In July 2018, Alcon revealed its intraocular lens (IOL) portfolio including, Clareon AutonoMe IOL and delivery system. The new product was aimed to designed for the result as easy and intuitive control during cataract surgery, at the Alcon-hosted Synergeyes clinical symposium in Sydney.

What Does This Report Provide?

This report provides a detailed understanding of the global ocular implant market from qualitative and quantitative perspectives during the forecast period. The report also provides dynamic indicators with potential impact on the market during the forecast period and an in-depth analysis of the leading companies operating in the market.

Market Segmentation:

Based on the Implant Type

  • Corneal Implants
  • Orbital Implants
  • Intraocular Lenses
  • Ocular Prosthesis
  • Glaucoma Implants
  • Others

Based on the Application

  • Aesthetic Purpose
  • Drug Delivery
  • Glaucoma Surgery
  • Oculoplasty
  • Age-Related Macular Degeneration
  • Others

Based on the End User

  • Specialty Eye Clinics
  • Hospitals
  • Eye Institutes

By Region:

North America

  • By Country (US, Canada, Mexico)
  • By Implant Type
  • By Application
  • By End User

Western Europe

  • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
  • By Implant Type
  • By Application
  • By End User

Eastern Europe

  • By Country (Russia, Turkey, Rest of Eastern Europe)
  • By Implant Type
  • By Application
  • By End User

Asia Pacific

  • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
  • By Implant Type
  • By Application
  • By End User

Middle East

  • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
  • By Implant Type
  • By Application
  • By End User

Rest of the World

  • By Region (South America, Africa)
  • By Implant Type
  • By Application
  • By End User

Reasons to Buy This Report:

  • Market size estimation of the ocular implant market on a regional and global basis
  • Unique research Usage for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

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