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Redding, California - June 18, 2024

Ocular Implants Market to be Worth $23.43 Billion by 2031

Ocular Implants Market Size, Share, Forecast, & Trends Analysis by Type (Scleral, Stock, Orbital, Intraocular, Retinal, Corneal) Material (Silicon, Hydroxyapatite) Application (Prosthesis, Ocuplasty, Glaucoma Surgery) End User – Global Forecast to 2031

Meticulous Research^®—a leading global market research company, published a research report titled 'Ocular Implants Market Size, Share, Forecast, & Trends Analysis by Type (Scleral, Stock, Orbital, Intraocular, Retinal, Corneal) Material (Silicon, Hydroxyapatite) Application (Prosthesis, Ocuplasty, Glaucoma Surgery) End User - Global Forecast to 2031.'

According to this latest publication from Meticulous Research^®, the ocular implant market is projected to reach $23.43 billion by 2031 at a CAGR of 6.1% from 2024 to 2031. The growth of the ocular implants market is driven by the rising geriatric population coupled with the high prevalence of eye diseases, the rise in adoption of minimally invasive surgeries, increasing healthcare expenditure, technological advancements in ocular implants, and increasing accident cases, raising the need for ocular implants. However, the risk of post-surgery infection and inflammation, lack of skilled ophthalmic surgeons, strict regulations, and approval process restrain the growth of this market.

Additionally, the lack of awareness in rural areas, technological complexities, high implant costs, and increasing product recalls are major challenges for the players operating in this market. Furthermore, biomaterial-based ocular implants, AI-driven 3D-printed prosthetic eyes, and drug-eluting implants are trends in the ocular implants market.

Key Players

The key players operating in the ocular implant market are Alcon Inc. (Switzerland), Bausch + Lomb Corporation (Canada), Carl Zeiss AG (Germany), Johnson & Johnson Vision Care, Inc. (U.S), STAAR SURGICAL COMPANY (U.S), Morcher GmbH (Germany), HOYA CORPORATION (Japan), GLAUKOS CORPORATION (U.S), AbbVie Inc. (U.S.), and Vivani Medical Inc. (U.S).

Ocular Implants Market: Future Outlook

The ocular implant market is segmented by Type (Non Functional Implant [Ocular Implant {Scleral Shells, Stock Shells, and Custom-made Prosthesis}, and Orbital Implant], Functional Implant [Intraocular Lens, Glaucoma Implant, Retinal Implant, and Corneal Implant]), by Material (Inert Materials [Glass, Silicone, Methyl Methacrylate], and Biointegrated Materials [Hydroxyapatite, Porous Polyethylene, Aluminum Oxide), by Application (Ocular Prosthesis, Glaucoma Surgery, Oculoplasty, Drug Delivery, and Other Applications), by End User (Hospitals, Ophthalmic Clinics, and Ambulatory Surgery Centers (ASCs), Other End Users), and Geography. The study also evaluates industry competitors and analyzes the market at the global and regional levels.

Among all the types studied in this report, in 2024, the functional implant segment is expected to account for the largest share of the ocular implant market. The segment is further categorized into ocular implant and orbital implant. The large share of this segment is attributed to the rising geriatric population coupled with the high prevalence of eye diseases, the rising adoption of minimally invasive eye surgeries, and increasing accident cases injuring eyes. For instance, according to the Johns Hopkins University report of 2024, eye injuries impact 2.5 million people worldwide annually. Such instances are expected to drive the demand for ocular implants.

Among all the materials studied in this report, in 2024, the inert materials segment is expected to account for the largest share of the ocular implant market. This segment is further categorized into glass, silicone, and methylmethacrylate. The large market share of this segment can be attributed to the cost-effectiveness of inert materials and the high preference for glass and silicone material-based ocular implants due to their high compatibility and excellent visual appearance.

Among all the applications studied in this report, in 2024, glaucoma surgery is expected to account for the largest share of the ocular implant market. Glaucoma develops when optical nerves are damaged due to eye injury, high age, diabetes, and genetics. For instance, according to the World Health Organization (WHO) August 2023 report, approximately 7.7 million people had glaucoma in the world. Furthermore, increasing healthcare expenditure and easy accessibility to ocular implants are supporting the segment’s large share.

Among all the end users studied in this report, in 2024, the hospitals segment is expected to account for the largest share of the ocular implant market. The large share of the segment is attributed to the increasing number of hospitals, the availability of advanced instruments with eye specialists in hospitals, and a large number of patients preferring hospitals as the first option for treatment.

Geographic Review

This research report analyzes major geographies and provides a comprehensive analysis of the market in North America (U.S. and Canada), Europe (Germany, France, U.K., Italy, Spain, Switzerland, Netherlands, Sweden, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, Rest of Latin America), and the Middle East & Africa.

Among all regions studied in this report, in 2024, North America is expected to account for the largest share of the ocular implant market. The large share of this segment is attributed to increasing cases of eye disorders, the presence of key players with well-established distribution channels globally, and the availability of technologically advanced products. For instance, according to the Canadian Association of Optometrists (Canada), in 2023, more than 450,000 people are suffering from glaucoma in Canada . Such instances are expected to drive the ocular implants market.

Asia-Pacific is expected to register the highest CAGR during the forecast period. The growth of this region is attributed to the increasing number of diabetic patients who are likely to suffer from eye diseases such as glaucoma and age-related macular degeneration, rising geriatric population, increasing healthcare expenditure, emerging healthcare landscape, and regional governments' investment in the development of healthcare infrastructure. For instance, according to the World Health Organization (WHO), China has the fastest-growing aging population in the world, and it is estimated that by 2040, 402 million people, approximately 28% of the total population, will be over the age of 60 . The older population is more likely to be affected by eye diseases, which is expected to support the growth of the market in the region.

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Key questions answered in the report:

Which are the high-growth market segments in terms of type, material, application, end user, and region/country?
What was the historical market size for ocular implants globally?
What are the market forecasts and estimates for the period 2024–2031?
What are the major drivers, restraints, challenges, opportunities, and trends in the ocular implants market?
Who are the major players in the ocular implants market?
What is the competitive landscape like, and who are the market leaders in the ocular implants market?
What are the recent developments in the ocular implants market?
What are the different strategies adopted by the major players in the ocular implants market?
What are the geographical trends and high growth regions/countries?

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Redding, California - June 18, 2024

Ocular Implants Market to be Worth $23.43 Billion by 2031

Ocular Implants Market Size, Share, Forecast, & Trends Analysis by Type (Scleral, Stock, Orbital, Intraocular, Retinal, Corneal) Material (Silicon, Hydroxyapatite) Application (Prosthesis, Ocuplasty, Glaucoma Surgery) End User – Global Forecast to 2031

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