Ocular Implants Market Size Projections Indicate a CAGR of 5.44%, Envisioned to Attain a Value of USD 21.35 Billion by 2030
The global ocular implants market size was valued at USD 13.97 billion in 2022 and is expected to surpass USD 21.35 billion by 2030, registering a CAGR of 5.44% during the forecast period (2023- 2030), as highlighted in a report published by Zion Market Research.
SAN FRANCISCO, U.S., Aug. 18, 2023 (GLOBE NEWSWIRE) — Zion Market Research has published a new research report titled “Ocular Implants Market Size, Share & Trends Analysis Report By Product (Corneal Implants, Orbital Implants, Intraocular Lenses, Ocular Prosthesis, Glaucoma Implants, And Others), By Application (Aesthetic Purpose, Drug Delivery, Glaucoma Surgery, Oculoplasty, Age-Related Macular Degeneration, And Others), By End Use, By Region, And Segment Forecasts, 2023 – 2030” in its research database.
“According to the latest research study, the global ocular implants market size & share was worth at around USD 13.97 billion in 2022. The market is expected to grow above a CAGR of 5.44% and is anticipated to reach over USD 21.35 billion by 2030.”
Ocular Implants Market Overview:
Ocular implants are utilised in surgical procedures involving the replacement of an injured eye or the enhancement of visual acuity. There are a variety of implant types available on the market for the treatment of various ocular disorders. Implants such as glaucoma surgery implants, intraocular lenses, and corneal implants are used to treat injured or absent eyes. According to the eye’s measurements, prosthetic eyeballs are made available.
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Key Insights from Primary Research
- As per the analysis, the Ocular Implants market share is likely to grow above a CAGR of around 5.44% between 2023 and 2030.
- The Ocular Implants market size was worth around USD 13.97 billion in 2022 and is estimated to hit approximately USD 21.35 billion by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
- The increasing elderly population contributes to the expansion of the ocular implants market.
- The absence of qualified experts who deal with implantation operations and the potential negative effects of eye implants are factors that are limiting the market growth for ocular implants.
- On the basis of region, the “North America” Will Likely Overtake the Global Market.
Global Ocular Implants Market: Growth Factors & Restraints
The factors that are contributing to the growth of the ocular implants market are the growing geriatric population, the increasing cases of the cataract development which is mostly in the patients that are above the age of 65. In the coming years, the market will grow positively owing to the technological advancements that are made in the implants such as the multifocal intraocular lens technology and the increase in the awareness rate about the aesthetics in the younger group of the population will fuel the market for ocular implants.
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.
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The report contains qualitative and quantitative research on the global ocular implants Market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market’s main competitors, as well as information on their competitiveness.
Some of the main players in the global ocular implants market include;
- Novartis AG
- Pfizer Inc.
- Staar Surgical
- Johnson & Johnson Services
- Bausch & Lomb Incorporated.
- Morcher® GmbH
Browse Complete Report Here | Ocular Implants Market Size, Share & Trends Analysis Report By Product (Corneal Implants, Orbital Implants, Intraocular Lenses, Ocular Prosthesis, Glaucoma Implants, And Others), By Application (Aesthetic Purpose, Drug Delivery, Glaucoma Surgery, Oculoplasty, Age-Related Macular Degeneration, And Others), By End Use, By Region, And Segment Forecasts, 2023 – 2030
Ocular Implants Market: Segmentation Analysis
The global market for the ocular implants is fragmented into implant type, application, and the end-user industry.
On the basis of implant type, the global market is segregated into corneal implants, orbital implants, intraocular lenses, ocular prosthesis, glaucoma implants, and others. The intraocular lenses segment is sub-segmented into anterior chamber IOL, multifocal IOL, aspheric IOL, and others. On the basis of application, the market is categorized into aesthetic purpose, drug delivery, glaucoma surgery, oculoplasty, age-related macular degeneration, and others. On the basis of end-user industry, the market is divided into specialty eye clinics, hospitals, and eye institutes.
According to the regional study, the global market for the ocular implants is diversified into Eastern Europe, North America, Asia Pacific, Latin America, Western Europe, and the Middle East and Africa. The regional markets that are having a wide range of opportunities in the ocular implants market are the North America and Europe. These markets are developing due to the factors such as the increased number of the market players in the developed regions and the growing cases of the eye surgeries. The market players are focusing both on the developing and the developed regions in order to explore all the untapped opportunities. In the coming years, the ocular market will grow significantly owing to the developing healthcare infrastructure and the positive patient demographics.
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Recent Industry Developments:
- Apple Inc. launched AirTag in April 2021, which is fueled by an U1 UWB chipset designed for tracking objects with an iPhone.
- Novelda AS confirmed in December 2021, that it acquired $44.70 million through the issuance of 484,848 new shares in a pre-IPO private placement.
Key questions answered in this report:
- What is the market size and growth rate forecast for Ocular Implants industry?
- What are the main driving factors propelling the Ocular Implants Market forward?
- What are the leading companies in the Ocular Implants Industry?
- What segments does the Ocular Implants Market cover?
- How can I receive a free copy of the Ocular Implants Market sample report and company profiles?
|Report Attribute||Report Details|
|Market Size in 2022||USD 13.97 Billion|
|Market Forecast in 2030||USD 21.35 Billion|
|Growth Rate||CAGR of 5.44%|
|Forecast Years||2023- 2030|
|Key Companies Covered||Novartis AG, Pfizer Inc., Staar Surgical, Johnson & Johnson Services, Inc., Bausch & Lomb Incorporated., Morcher® GmbH., and others.|
|Segments Covered||By Product types,By Applications, By End-user, And By Region|
|Regions Covered||North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa|
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The global ocular implants market is segmented as follows:
- Corneal Implants
- Orbital Implants
- Intraocular Lenses
- Ocular Prosthesis
- Glaucoma Implants
- Aesthetic Purpose
- Drug Delivery
- Glaucoma Surgery
- Age-Related Macular Degeneration
- Specialty Eye Institutes
- North America
- The U.S.
- The UK
- Rest of Europe
- Asia Pacific
- Southeast Asia
- Rest of Southeast Asia
- The Middle East & Africa
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
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- Comprehensive analysis of the primary market
- Significant alterations in market dynamics
- The market’s segment specifications
- Statistics and revenue market analysis of historical, present, and forecast
- Evaluation of niche developments in the market
- Market share evaluation
- Principal strategies of market leaders
- Emerging markets and regional segments
- In order to strengthen the market position of businesses, testimonials are provided
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