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New York, USA, Sept. 22, 2022 (GLOBE NEWSWIRE) -- The Global Ocular Implants Market to Exhibit Growth at a Considerable CAGR of 5.90% by 2027 | DelveInsight
The ocular implants market is expected to grow in revenue due to factors such as an increase in the cases of eye disorders such as glaucoma, cataract, presbyopia, and myopia, a growing population of geriatric people around the world, and the latest technological advancements to further enhance product safety and biocompatibility (2022 –2027).
DelveInsight's Ocular Implants Market Insights report provides the current and forecast market, forthcoming device innovation, individual leading companies' market shares, challenges, ocular implants market drivers, barriers, and trends, and key ocular implants companies in the market.
Key Takeaways from the Ocular Implants Market Report
- As per DelveInsight estimates, North America is anticipated to dominate the global ocular implants market during the forecast period.
- Notable ocular implants companies such as Alcon Inc., Johnson & Johnson Services Inc., Bausch Health Companies Inc., ZEISS International, STAAR SURGICAL, Hoya Corporation, Glaukos Corporation, Second Sight, AbbVie Inc., Innolens, SAV-IOL SA, Morcher, Ophtec BV, Novartis International AG, NVision Eye Centres, iSTAR Medical, SMR Ophthalmic Pvt Ltd., Gulden Ophthalmics, MED-EL Medical Electronics, Aetna Inc. , and several others are currently operating in the ocular implants market.
- In April 2022, STAAR SURGICAL announced the launch of EVO Vision Implantable Collamer Lens at the American Society of Cataract and Refractive Surgery Annual Meeting (ASCRS) in Washington D.C.
- In November 2021, Alcon Inc. took over Invantis Inc., which specializes in ocular glaucoma devices that are micro-invasive, in California to expand its glaucoma surgical implants segment.
- In May 2020, Bausch+Lomb , a part of Bosch Health Companies Inc., announced the European launch of LuxSmart and LuxGood Preloaded Intraocular lenses. Some of the features of these lenses are their monofocal periphery, acrylic hydrophobicity, and UV light protection.
To read more about the latest highlights related to the ocular implants technology, get a snapshot of the key highlights entailed in the Global Ocular Implants Market Report
Ocular Implants Overview
Ocular implants are small devices made of medical-grade plastic acrylic that is designed to be inserted into the eye. Ocular implants are used in surgical procedures to treat cataracts and other vision problems such as glaucoma, presbyopia, and myopia.
Ocular implants, also known as ocular prostheses, are artificial eyes that are used to improve facial lineament damage caused by an eye disease or trauma. Intraocular lenses, corneal implants, orbital implants, glaucoma implants, and other products are the most common types of ocular implants.
Ocular Implants Market Insights
North America is expected to lead the global ocular implants market in terms of revenue generation. This is due to the increasing prevalence of eye disorders and refractive errors such as cataract, glaucoma, myopia, presbyopia, and so on. A large patient pool associated with refractive errors in the North American region, as well as high consumer awareness, new market launches, and the presence of a highly potent market in terms of product development, are some of the key factors driving the growth of the North American ocular implants market.
As a result of the increasing demand for cataract-related ocular implants, various new products with technological advancements are being introduced into the market. For example, in April 2022, at the American Society of Cataract and Refractive Surgery Annual Meeting (ASCRS) in Washington D.C., STAAR SURGICAL announced the launch of the EVO Vision Implantable Collamer Lens.
To know more about why North America is leading the market growth in the ocular implants market, get a snapshot of the Ocular Implants for Hearing
Ocular Implants Market Dynamics
The rise in the prevalence of eye disorders such as cataract, glaucoma, presbyopia, and myopia is one of the notable drivers of the ocular implants market. Furthermore, the growing prevalence of eye disorders is linked to an i ncrease in the global geriatric population , which is driving the ocular implant market.
Another important factor driving the growth of the ocular implants market is the continuous technological developments in the ocular implants market for improved product design and increased safety and biocompatibility.
However, due to the side effects of cataract and glaucoma surgeries , which can result in long-term vision impairment, a shortage of skilled labor and low diagnosis rates may act as restraining factors for the ocular implants market.
Additionally, the ocular implants market experienced a brief period of slowing growth due to the implementation of lockdown as a necessary measure to break the chain of COVID-19 infection transmission. The COVID-19 pandemic necessitated a massive reorganization of healthcare services and medical procedures. During the COVID-19 crisis, many countries separated medical procedures based on the need for urgent medical care to streamline the workflow, and various elective medical procedures were suspended.
Furthermore, intra-ocular surgery procedures decreased as ocular implants became difficult to obtain during the lockdown period. As a result, product demand fell below normal levels. However, the resumption of activities across industries, including healthcare, has boosted the ocular implants market and will drive growth during the forecast period of 2022–2027.
Get a sneak peek at the ocular implants market dynamics @ Ocular Implants Market Dynamics Analysis
| Report Metrics || Details |
| Coverage || Global |
| Study Period || 2019–2027 |
| Market Size in 2021 || USD 11.26 Billion |
| Projected Market Size by 2027 || USD 15.87 Billion |
| Market CAGR || 5.90% |
| Key Physiotherapy Equipment Companies || Alcon Inc., Johnson & Johnson Services Inc., Bausch Health Companies Inc., ZEISS International, STAAR SURGICAL, Hoya Corporation, Glaukos Corporation, Second Sight, AbbVie Inc., Innolens, SAV-IOL SA, Morcher, Ophtec BV, Novartis International AG, NVision Eye Centres, iSTAR Medical, SMR Ophthalmic Pvt Ltd., Gulden Ophthalmics, MED-EL Medical Electronics, Aetna Inc., among others |
Ocular Implants Market Segmentation
- Market Segmentation By Types of Ocular Implants: Intraocular Lenses, Corneal Implants, Glaucoma Implants, Orbital Implants, and Ocular Prosthesis
- Market Segmentation By Material: Biodegradable and Non-Biodegradable
- Market Segmentation By Application: Cataract, Glaucoma Surgery, Oculoplasty, Drug Delivery, Macular Degeneration, and Others
- Market Segmentation By End User: Hospitals, Eye Speciality Clinics, and Ambulatory Surgical Centres
- Market Segmentation By Geography : North America, Europe, Asia-Pacific, and Rest of World
- Porter's Five Forces Analysis, Product Profiles, Case Studies, KOL's Views, Analyst's View
Which MedTech key players in the ocular implants market are set to emerge as the trendsetter explore @ Ocular Implants Companies
Table of Contents
| 1 || Report Introduction |
| 2 || Executive summary |
| 3 || Regulatory and Patent Analysis |
| 4 || Key Factors Analysis |
| 5 || Porter's Five Forces Analysis |
| 6 || COVID-19 Impact Analysis on Ocular Implants Market |
| 7 || Ocular Implants Market Layout |
| 8 || Global Company Share Analysis – Key 3-5 Companies |
| 9 || Ocular Implants Market Company and Product Profiles |
| 10 || Project Approach |
| 11 || About DelveInsight |
Interested in knowing the ocular implants lenses market by 2027? Click to get a snapshot of the Ocular Implants Surgery
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