Ocular Implants Market (By Product: Intraocular lenses, Corneal implants, Orbital implants, Glaucoma implants, Ocular prosthesis; By Application: Glaucoma surgery, Oculoplasty, Drug delivery, Age-related macular degeneration, Aesthetic purpose; By End-use: Hospitals, Specialty eye institutes, Clinics) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 20222030

The global Ocular Implants market size is expected to be worth around US$ 28.4 billion by 2030, according to a new report by Vision Research Reports.

The global Ocular Implants market size was valued at US$ 20.24  billion in 2020 and is anticipated to grow at a CAGR of 16.7% during forecast period 2021 to 2030.

Report Coverage

Growth Factors

The increase in the incidence of cataracts is a major factor driving the growth of the market. Cataract has been identified as a leading cause of blindness globally, and this has encouraged many industry players and government organizations to develop ocular implants.

Technological advancements and increasing acceptance of vision correction coupled with the fast adoption of intraocular lenses in cataract surgeries are the factors supporting this market’s growth. For instance, a new collagen glaucoma implant that inhibits the formation of scar and is biodegradable has been developed.

Eye research institutes play a vital role in the technological advancements associated with intraocular lenses. The advent of various advanced intraocular lenses and an increase in competition amongst players for the development of better lenses as well as a rise in investment in eye research institutes by government and non-government organizations are anticipated to fuel market growth. Hence, owing to the rise in the number of clinical trials pertaining to these lenses and an increase in government expenditure on R&D, the market is expected to witness lucrative growth in the intraocular segment.

Report Highlights

The market is classified on the basis of product: intraocular lenses, corneal implants, orbital implants, glaucoma implants, ocular prosthesis, and others. The glaucoma implants segment held the largest market share in 2016 and is expected to maintain its dominance over the forecast period. Intraocular lenses are expected to be the fastest-growing segment.

Intraocular lenses have gained popularity due to their extended use in presbyopia, nearsightedness, and farsightedness. Thus, these segments are expected to exhibit lucrative growth during the forecast period. Glaucoma is one of the leading causes of blindness globally. According to data published by the Glaucoma Research Foundation, in 2016, about 3.0 million people in America were suffering from Glaucoma. With the increasing incidence of glaucoma, the demand for glaucoma implants is expected to increase, thereby, fueling market growth.

On the basis of application, the market is segmented into glaucoma surgery, oculoplasty, drug delivery, AMD, and aesthetics. Glaucoma surgery segment held the largest share owing to the increasing incidence of glaucoma. Growing awareness about this disease is further increasing demand for early treatment.

AMD is expected to be the fastest-growing segment. Telescopic implants are implanted into the eye, which is permanent, these implants send the captured image to the brain. Such technological advancement and the prevalence of AMD are expected to increase market growth.

The global ocular implant market is segmented into hospitals, ophthalmic clinics, and specialty eye institutes, based on end use. The hospital segment is the largest segment as a result of the rising frequency of treatment for vision impairment at hospitals, whereas the specialty eye institutes are anticipated to be the fastest-growing segment of the market, owing to the rising need for eye care services in remote areas.

In 2015, the U.S government offered 44.0% of its allocated funds for R&D pertaining to healthcare to the eye research institutes, as stated by the National Science Foundation. Hence, owing to the rise in the number of clinical trials pertaining to intraocular lenses and an increase in government expenditure for R&D, this segment is anticipated to witnesses lucrative growth.

The global ocular implants market was dominated by North America and is anticipated to retain its position. An increase in the aging population and the availability of reimbursement facilities are boosting the regional market growth.

The Asian market is anticipated to witness the highest growth rate owing to the rise in the diabetic population and the rise in government healthcare expenditure. The developing countries such as China and Japan are expected to be the fastest-growing in the Asia Pacific region, owing

to the rising number of reported cases of blindness, increasing cataract surgeries, and growing expenditure on eye care by individuals and government.

Key Players

Bausch & Lomb, Alcon, Carl Zeiss, Johnson & Johnson, MORCHER GmbH, and STAAR Surgical. 

Market Segmentation

• Product Outlook

  • Intraocular lenses

  • Corneal implants

  • Orbital implants

  • Glaucoma implants

  • Ocular prosthesis

  • Others

• Application Outlook

  • Glaucoma surgery

  • Oculoplasty

  • Drug delivery

  • Age-related macular degeneration

  • Aesthetic purpose

• End-use Outlook

  • Hospitals

  • Specialty eye institutes

  • Clinics

• Regional Outlook 

  • North America

    • The U.S.

    • Canada

  • Europe

    • Germany

    • The U.K.

  • Asia Pacific

    • China

    • Japan

  • Latin America

    • Brazil

    • Mexico

  • MEA

    • South Africa

    • Saudi Arabia

The Ocular Implants market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Ocular Implants market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Ocular Implants market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Ocular Implants market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Ocular Implants market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Ocular Implants capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Ocular Implants by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Ocular Implants market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Ocular Implants market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Ocular Implants market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Ocular Implants industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Ocular Implants market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Ocular Implants market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Ocular Implants market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Ocular Implants market. These factors have benefited the growth of the global market for Ocular Implants. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Ocular Implants. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Ocular Implants are as follows:

• Historic Year: 2017-2020
• Base Year: 2021
• Forecast Year 2021 to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

• To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
• Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• To define, describe and forecast the market by type, application and region.
• To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
• To identify significant trends and factors driving or inhibiting the market growth.
• To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
• To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
• To strategically profile the key players and comprehensively analyze their growth strategies.