The new report by Expert Market Research titled, ‘Global Ocular Implants Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global ocular implants market, assessing the market based on its segments like product, application, end use, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2016-2026)
- Forecast CAGR (2021-2026): 6%
Eye-related illnesses have arisen as potential threats to the communities of both middle-income and developed countries. The main causes of vision loss include uncorrected refractive errors, cataracts, age-related macular degeneration, glaucoma, diabetic retinopathy, corneal opacity, and trachoma. Of the two, cataract and uncorrected refractive errors are the most prominent and leading causes of blindness worldwide. Cataract vision loss in low- and middle-income countries is higher than in high-income countries, whereas diabetic retinopathy, glaucoma, and age-related macular degeneration are more common in developing countries.
Industry Definition and Major Segments
Ocular implants are described as surgically implanted artificial devices used after enucleation, evisceration, or orbital exenteration to restore vision sharpness. The scale, shape, and strength of the ocular implant depends on the patient. Various non-integrated and integrated materials, including hydroxyapatite, and bio-ceramic, are used for ocular implants.
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By product, the market is divided into:
- Intraocular Lenses
- Orbital Implants
- Ocular Prosthesis
- Glaucoma Implants
- Corneal Implants
- Others
On the basis of application, the market is segmented into:
- Oculoplasty
- Glaucoma Surgery
- Drug delivery
- Age-Related Macular Degeneration (AMD)
- Others
Based on end use, the market is bifurcated into:
- Hospital
- Clinics
- Speciality Eye Institutes
- Others
The regional markets for the product include:
- North America
- Europe
- The Asia Pacific
- Latin America
- The Middle East and Africa
Market Trends
The industry has seen a large range of technical developments in recent years. In the United States and France, several technical innovations are currently undertaking a feasibility trail for individuals with severe vision deterioration due to dry atopic form of age-related macular degeneration. In addition, demand for patients suffering from glaucoma is expected to be generated by the launch of microinvasive glaucoma technologies. Other such technologies are improved intraocular lenses and corneal implants that address the problems of currently developed implantable devices. The ocular prothesis offers facial cosmetic comfort for those who have suffered eye trauma.
Key Market Players
The major players in the market are Alcon Vision LLC, Carl Zeiss Meditec AG, Johnson & Johnson Vision Care, Inc., and MORCHER GmbH, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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