What Are The Historic and Forecasted Market Sizes for The Global Ocular Implants Market?
The ocular implants market size has grown rapidly in recent years. It will grow from $14.76 billion in 2024 to $16.36 billion in 2025 at a compound annual growth rate (CAGR) of 10.8%. The growth in the historic period can be attributed to factors like ocular trauma, vision correction, diabetic retinopathy, eye diseases, and regulatory approvals.
The market size is expected to see rapid growth in the next few years. It will grow to $25.32 billion in 2029 at a CAGR of 11.5%. The growth in the forecast period can be attributed to growing aging population, rising myopia prevalence, advanced glaucoma management, minimally invasive surgery, and patient safety. Trends for the forecast period include technological advancements, ophthalmic innovation, digital healthcare, regenerative medicine, and artificial intelligence (AI).
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How Is The Geriatric Population Driving The Ocular Implants Market?
The rise in the geriatric population across the globe is expected to propel the growth of the ocular implants market. These implants provide solutions to the geriatric population for common age-related eye conditions such as cataracts, glaucoma, and presbyopia, improving vision and enhancing the quality of life for older individuals. Indeed, the global population of individuals aged 60 years is projected to increase to 1.4 billion by 2022, driving the growth of the ocular implants market.
What Are The Significant Segments In The Global Ocular Implants Market?
The ocular implants market covered in this report is segmented:
1) By Product: Intraocular Lens, Corneal Implants, Orbital Implants, Glaucoma Implants, Other Products
2) By Application: Glaucoma Surgery, Diabetic Retinopathy, Age-Related Macular Degeneration
3) By End-User: Specialty Eye Institutes, Hospitals, Clinics
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Who Are The Major Players In The Ocular Implants Market?
Major companies operating in the ocular implants market include Alcon Inc., Bausch & Lomb Inc., Carl Zeiss AG, STAAR Surgical Company, Johnson and Johnson Services Inc., Morcher GmbH, Aurolab Ltd., Cornea Biosciences, KERAMED INC., Price Vision Group, Gulden Ophthalmics Co. Inc., AJL Ophthalmic SA, Hoya Corp., Rayner Intraocular Lenses Limited, Lenstec Inc., SIFI S.p.A, Ophtec BV, HumanOptics AG, Medicontur Medical Engineering Ltd., Hanita Lenses, Omni Lens Pvt. Ltd., EyeKon Medical Inc., FCI Ophthalmics Inc., Santen Pharmaceutical Co. Ltd., Ocular Therapeutix Inc., AcuFocus Inc., Glaukos Corporation, Ivantis Inc.
What Are The Emerging Trends In The Ocular Implants Market?
Major companies operating in the ocular implants market are focusing on developing innovative solutions, such as axitinib intravitreal implants, to enhance treatment options for eye diseases like retinal vein occlusion and diabetic macular edema. For instance, Ocular Therapeutix, Inc. launched a pivotal clinical trial for its axitinib intravitreal implant, OTX-TKI, aimed at treating wet age-related macular degeneration (wet AMD).
Which Region Dominates The Ocular Implants Market?
North America was the largest region in the ocular implants market in 2024. Asia-Pacific, however, is expected to be the fastest-growing region in the forecast period.
What Does The Ocular Implants Market Report 2025 Offer?
The Ocular Implants Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities. Ocular implants are used to improve the eye vision of a person. They help improve the fixing sight of people who have lost an eye to injury or disease.
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