The size of the ocular implants market in the European region is forecasted to hike at a promising CAGR during the forecast period.
The rising necessity of sensuous amid the younger population and increasing demand for ocular implants are primarily accelerating the market. Y-O-Y growth in the European population suffering from various ocular disorders is growing significantly and is estimated to provide a healthy boost to the market's development. A significant rise has been noticed in the incidence of cataract ad glaucoma in the aging population of the European countries, which is further predicted to drive the market. Rising healthcare expenses and advancements in healthcare infrastructure and increasing per capita income are favorable signals to the growth of the market.
Lack of skilled and experienced professionals required at the time of diagnosis and therapy, people and patients hesitating to use ocular implants as they may give side-effects associated are expected to restrain the market growth during the forecast period. The stringent regular approval process for the manufacture of ocular implants is hindering the market growth.
This European Ocular Implants Market has been segmented and sub-segmented into the following categories:
Regional Analysis:
Europe is the second-largest market for ocular implants due to the rise in old people population and technological advancements in the manufacturing and increasing incidence of ocular disorders.
A cataract is the most common eye disease found in this UK leading to blindness, nearly 20million people are diagnosed with blindness because of cataracts, according to the World Health Organization (WHO). Acceptance of vision correction methods, intraocular lenses for cataract surgeries, and growing awareness regarding glaucoma disease is surging the requirement for initial glaucoma surgical treatment which is escalating the ocular implants market growth during the analysis period. UK, Germany is contributing a significant share in the market due to a huge number of key players and government organizations to advance innovative ocular implants and intraocular lenses for cataract surgeries are some factors bolstering the market growth during the analysis period.
Some of the major companies dominating the market, by their products and services include Bausch & Lomb, Alcon, Carl Zeiss, Johnson & Johnson, MORCHER GmbH, and STAAR Surgical.
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