Ocular Implants Market (By Product Type: Intraocular lenses, Corneal implants, Orbital implants, Glaucoma implants, Ocular prosthesis, Others; By Application: Glaucoma surgery, Oculoplasty, Drug delivery, Age-related macular degeneration, Aesthetic purpose; By End-User: Hospitals, Eye Institutes, Specialty Eye Clinics) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027

The global ocular implants market size is anticipated to reach of around US$ 21,700 Mn by 2027 and is anticipated to grow at a CAGR of around 7% in terms of revenue during the forecast period 2020 – 2027.

The eye implant primarily repair the tissue damaged. This is an automated procedure that is used to rehabilitate vision sharpness. Different types of implants for curing eye disease, including intraocular lenses, corneal implants and glaucoma surgery are present in the market. Implants include intraocular lenses, glaucoma implants, corneal implants are used to treat affected or missing eyes. The customized prosthesis eyes are available depend on the dimensions of the eye..

Market Insights

The increasing geriatric population, the rising cases of cataract formation, which is primarily in patients older than 65, is the leading factor to the growth of the ocular implant market. Due to the technological developments in implants such as multifocal intraocular lens technology and rising sensitivity towards esthetics in the younger population the demand in ocular implants will rise significantly in the near future. The factors restraining the development of the market for oculary implants are the lack of qualified specialists in the implantation techniques and the potential side effects of the eye implants.

The global market in eye implants is split into hospitals, eye clinics and specialty-based institutes. The hospital sector is the biggest sectordue to high footfall for such surgeries in hospital end-use setting.. Due to the rising need for eye care facilities in rural areas, specialist eye institutes are projected to be the fastest-growing industry segment.

Report coverage

The market research study on “Ocular Implants Market (By Product Type: Intraocular lenses, Corneal implants, Orbital implants, Glaucoma implants, Ocular prosthesis, Others; By Application: Glaucoma surgery, Oculoplasty, Drug delivery, Age-related macular degeneration, Aesthetic purpose; By End-User: Hospitals, Eye Institutes, Specialty Eye Clinics) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027” offers detailed insights on the global ocular implants market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report also provides competitive landscape to understand the current stance of particular player. The report provides insights on global ocular implants market in terms of product type, application, end-users and major geographic regions. The ocular implants market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report.

North America accounted for  major market share and also dominates the growth of ocular implant market due to increasing number of market vendors to expand their product portfolio in the region. For instance, in July 2018, the San Clemente-based Glaukos, received USFDA approval to deploy the iStent Trabecular Micro-Bypass Program. The new instrument is intended for the diagnosis, along with cataract procedures, of mild to severe primary open-angle glaucomas, which reduces intraocular pressure. The global demand for ocular implants, due to the presence of key players in the region, is expected to fuel growth in Asia Pacific. For instance, in May 2019, innovative therapeutic IOL products and surgical products produced in Italy with a SIFI license were introduced in Indian strategic co-operation by Zydus Cadila. Owing to an growing number of releases in the EU, Europe is projected to see strong growth. Johnson & Johnson Vision, for example, launched TECNIS Eyhance IOL in Europe in February 2019 as suggested for the treatment of cataracts. This intraocular monofocal  next generation lens lets patients enjoy high-quality vision at mid and far distances.

Key Players

Major players included in this report Pfizer Inc., Alcon, OSD Medical GmbH, Novartis AG, Staar Surgical, ZEISS International, Bausch & Lomb Incorporated., Johnson & Johnson Services, Inc., Morcher GmbH, Ophtec BV, and others.

The global ocular implants market is segmented as below:

Market Segmentation

Ocular Implants Market By Product Type

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

Ocular Implants Market By Application

• Glaucoma surgery
• Oculoplasty
• Drug delivery
• Age-related macular degeneration
• Aesthetic purpose

Ocular Implants Market By End-User

• Hospitals
• Eye Institutes
• Specialty Eye Clinics

Ocular Implants Market By Geography

North America

• U.S.
• Canada

Europe

• UK
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of Middle East & Africa