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Global Ocular Implants Market Size, Share, Trends, COVID-19 Impact & Growth Analysis Report – Segmented By Implant Type, Application, End User & Region – Industry Forecast (2022 to 2027)

Published: January, 2022
ID: 8010
Pages: 175
Formats: report pdf report excel report power bi report ppt

Ocular Implants Market Size (2022 to 2027)

The size of the Global Ocular Implants Market is predicted to grow at a CAGR of 7.2% from 2022 to 2027.

Ocular implants are medical instruments used for vision correction purposes. Various kinds of implants are available for eye diseases and disorders in patients.

MARKET DRIVERS:

The rising incidence of cataracts worldwide is a significant factor contributing to the growth of the global ocular implants market.

A cataract is one of the common problems seen and is expected to surge in upcoming years. According to the evaluation done by the CDC, cataract cases are estimated to rise to 30.1 million in the United States by 2050.

The increasing aging population, growing correction cases of vision in children and adults, and technological developments in this area are further expected to propel the ocular implants market growth globally. Expansion in alertness amid people and rise in government initiatives for vision care management are projected to escalate the market growIn addition, increasingsing incidences of chronic diseases are urging the growth rate of the market.

MARKET RESTRAINTS:

Difficulties associated with the implantation and post-implantation are impeding the market growth globally. The shortage of skilled surgeons to implement the procedures is restraining the market growth during the time frame.

Impact of COVID-19 on the global ocular implants market:

The outbreak of the COVID-19 pandemic affected the medical field in various aspects, and patients with various chronic diseases such as diabetes, lung diseases, and cardiovascular diseases are at higher risk of ocular implants. The American Academy of Ophthalmology released guidelines regarding emergency and non-emergency cases. Since the start of COVID 19, there is a surge in demand for the ocular implants market.  

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 to 2027

Base Year

2021

Forecast Period

2022 to 2027

Segments Covered

By Implant Type, Application, End-User and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

 

This research report on the global ocular implants market has been segmented and sub-segmented based on the implant type, application, end-user, and region.

Ocular Implants Market – By Implant Type:

  • Intraocular lenses
  • Corneal implants  
  • Glaucoma implants        
  • Orbital implants   
  • Ocular prosthesis 
  • Others    

Based on implant type, the Glaucoma implants segment holds a significant share of the market revenue. Intraocular lenses are projected to have the quickest growth in the global ocular implants market during the forecast period.

Ocular Implants Market – By Application:

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

Based on the application, the Glaucoma surgery segment accounts for a considerable market share. Rising consciousness regarding the diseases is escalating the growth of the ocular implants market region.

The age-related macular degeneration segment is considered to be the quickest growing segment in the market. Advancements in technology and common AMD are projected to augment the segment growth in the market.

Ocular Implants Market – By End User:

  • Hospitals
  • Specialty Eye Clinics
  • Eye Institutes

Based on the End-User, the hospital segment had a leading share in the global market in 2019 among all the other segments. Growing regularity of treatment for vision impairment in hospitals and large patient count affected with eye-relevant diseases integrated with experienced physicians is predicted to surge the market segment's growth globally.

Specialty eye institutes are predicted to be the quickest growing segment because of the expanding need for eye care services in rural areas.

Ocular Implants Market – By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • The Middle East and Africa

Geographically, the global ocular implants market was dominated by North America, closely followed by Europe. Asia Pacific is expected to grow at a high CAGR. Increasing adoption of advanced ocular implants and rising key players focus on launching eyewear in the U.S. are majorly supporting the market in this region. The United States accounted for the major in the North American market in 1019 due to the high population base that has supportive insurance coverage and technological advancements. The Canadian market of ocular implants is expected to showcase a substantial growth rate during the forecast period.

The European market is projected to be positioned as the second-largest market for ocular implants due to the rise in the aging population, technological developments, and burgeoning cases of ocular disorders. The UK is estimated to lead the European market. This country has increased awareness associated with glaucoma diseases and the need for early glaucoma surgical treatment to augment the region's market growth.

Asia-Pacific is projected to develop at a quick pace during the forecast period and is assumed as the fastest-growing region in the global ocular implants market. Rise in senior citizens population and frequency of cataracts and glaucoma in countries like China, Japan, and India. The surge in the spread of awareness associated with ocular implants, incorporated with the growing availability of IOL and glaucoma devices, is fueling the market growth in the region. Moreover, an acceptable patient population and improving healthcare infrastructure in the area are impelling the market region.

The ocular implants market's Latin American market is projected to hike at a steady rate between 2020 to 2025. The market growth is attributed to factors such as the high number of regulatory clearances for ocular devices and advancements in eye diagnostic technology leading to extensive product assumptions. Brazil is leading the ocular implants market with an average share.

The ocular implants market in Middle East & Africa is projected to have the least share. Increasing targeted huge old age population and minimum funds and investments for research and development related to the healthcare to the eye research institutes bolstered market growth.

KEY MARKET PARTICIPANTS:

Some of the most promising companies leading the global ocular implants market profiled in this report are Bausch & Lomb, Alcon, Carl Zeiss, Johnson & Johnson, MORCHER GmbH, and STAAR Surgical.

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