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Report Overview
2023
Base Year
2017-2023
Historical Year
2024-2032
Forecast Year
Global Ocular Implants Market Outlook
The global ocular implants market is projected to grow at a CAGR of 6% between 2024 and 2032.
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Rising Cases of Eye-related Disorders to Boost the Market Growth of Ocular Implants
The ocular impants industry is being driven by the prevalence of eye-related diseases in emerging and developing nations, which has posed possible threats to the population in the regions. Undiagnosed and untreated refractive defects, cataracts, age-related macular degeneration, glaucoma, diabetic retinopathy, corneal opacity and trachoma are the primary causes for vision deficiency. The most common and leading causes of blindness worldwide are cataract and uncorrected refractive errors. Cataract vision deficiency is higher in low- and middle-income countries than in high-income countries, while in developed countries, diabetic retinopathy, glaucoma, and age-related macular degeneration are more prevalent.
Cataract is one of the major causes of blindness and accounts for nearly 51% of blindness in the world. Cataract is an age-related illness; the growth of the geriatric population is also pushing the demand. During the forecast period, North America is projected to have the significant market share of the global market for ocular implants. The availability of advanced machinery for the treatment of chronic diseases, together with simple reimbursement schemes is projected to be the key growth driver of the increasing demand for ocular implants in the region.
Ocular Implants: Market Segmentation
Ocular implants are described as surgically inserted artificial devices used after enucleation, evisceration, or orbital exenteration to restore vision sharpness. Ocular implant size, form, and strength depend on the particular patient. For ocular implants, various non-integrated and integrated components, including hydroxyapatite, Medpor, and bio-ceramic, are used.
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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 segmented into:
- Hospital
- Clinics
- Specialty Eye Institutes
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Increasing Importance of Aesthetic Value to Propel the Market for Ocular Implants
In recent years, the market has witnessed a wide number of technological advances. For people with extreme vision loss due to dry atopic form of age-related macular degeneration, many technical developments are currently undergoing a feasibility trial in the U.S. and France. In addition, the introduction of microinvasive glaucoma technologies is expected to drive the demand for patients suffering from glaucoma. Advanced intraocular lenses and corneal implants that resolve the issues of currently existing implantable devices are other such developments. For those who have experienced eye damage, the ocular prosthesis gives a facial aesthetic appeal. There are different types of glass, plastic, and scleral shell implantable ocular prostheses available in the market. Further, the growing shift towards the adoption of ocular prosthetic cryolite glass, is boosting the market growth of ocular implants.
Key Industry Players in the Global Ocular Implants Market
The report gives a detailed analysis of the following key players in the global ocular implants market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds.
- Alcon Vision LLC
- Carl Zeiss Meditec AG
- Johnson & Johnson Vision Care, Inc.
- MORCHER GmbH
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Application |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global ocular implants market is projected to grow at a CAGR of 6% between 2024 and 2032.
The major drivers of the industry are increasing usage of smartphones, the rising online buying habits, and advancements in technology.
Increasing IT spending in the retail industry, virtual reality (VR) and augmented reality (AR) deployments are the key industry trends of the market.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading components of virtual fitting room in the market are hardware (prefabricated, customised, and others), software (software tools, platforms, and others), and services (consulting, integration services, and support and maintenance).
The major application segments in the industry are apparel, eyewear, jewellery and watches, and beauty and cosmetics, among others.
The significant end use sectors in the market are physical store and virtual store.
The major players in the industry are ELSE Corp Srl, Autumn Rock Limited, Magic Mirror, Fit Analytics GmbH, True Fit Corporation, and FXGear Inc., among others.
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