Press release
Key Influencer in the Ocular Implants Market 2025: Growing Geriatric Population Fuels Ocular Implants Market Growth Driver
The growth of the ocular implants market is foreseen to be driven by the global increase in the geriatric population. The term 'geriatric population' is specifically used to refer to individuals aged 65 years or above. Ocular implants offer a solution to age-specific eye ailments prevalent among the elderly, such as cataracts, glaucoma, and presbyopia. They enhance vision, diminish dependence on complementary eyewear, and uplift the seniors' quality of life. For instance, the World Health Organization, a Swiss public health institution, projected in October 2022 an increase in the global population of 60-year-olds from 1 billion in 2020 to 1.4 billion by 2022. Furthermore, by 2030, 1 in every 6 people worldwide will be over the age of 60. Consequently, the uptick in the geriatric population globally is anticipated to fuel the expansion of the ocular implants market.
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How will the growth rate of the ocular implants market shape industry trends by 2034?
The market for ocular implants has seen considerable expansion in the past years. Its valuation is set to climb from $14.76 billion in 2024 to $16.36 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 10.8%. The significant rise observed in the previous years is linked to factors such as ocular trauma, vision correction, diabetic retinopathy, diverse eye diseases, and regulatory approvals.
In the forthcoming years, the ocular implants market is projected to witness substantial growth, with its worth anticipated to reach $25.32 billion in 2029, growing at a compound annual growth rate (CAGR) of 11.5%. The growth during this forecast period can be linked to multiple factors such as the surge in the elderly population, an increase in the prevalence of myopia and glaucoma management, the emergence of minimally invasive surgery, and enhanced patient safety. Key trends expected to shape the market during the forecast period include progress in technology, innovations in ophthalmology, advancements in digital healthcare and regenerative medicine, and the application of artificial intelligence (AI) in healthcare.
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What trends are poised to drive the future success of the ocular implants market?
Leading corporations in the ocular implants market are concentrating their efforts on creating inventive solutions like axitinib intravitreal implants. These solutions are intended to expand treatment options for eye diseases such as retinal vein occlusion and diabetic macular edema. Axitinib intravitreal implants are small devices that dispense axitinib, a tyrosine kinase inhibitor, directly into the vitreous cavity of the eye in a consistent, controlled manner. Ocular Therapeutix, Inc., an American pharmaceutical company, recently initiated a critical clinical trial for its axitinib intravitreal implant, OTX-TKI, targeting the treatment of wet age-related macular degeneration (wet AMD). This trial is set to review the implant's safety measures and efficiency in preserving visual acuity against the standard treatment with aflibercept. The study is structured as a multi-center trial that randomizes around 300 patients and investigates the capability of OTX-TKI to deliver a sustained drug release, potentially reducing the number of injections needed for successful treatment.
Which primary segments of the ocular implants market are driving growth and industry transformations?
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
Subsegments:
1) By Intraocular Lens (IOL): Monofocal IOL, Multifocal IOL, Toric IOL, Accommodative IOL
2) By Corneal Implants: Synthetic Corneal Implants, Donor Corneal Implants, Intracorneal Ring Segments (ICRS)
3) By Orbital Implants: Porous Orbital Implants, Non-Porous Orbital Implants
4) By Glaucoma Implants: Aqueous Shunts Or Valves, Micro-Invasive Glaucoma Surgery (MIGS) Devices
5) By Other Products: Scleral Buckles, Ocular Prosthesis, Retinal Implants
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Which geographical regions are pioneering growth in the ocular implants market?
North America was the largest region in the ocular implants market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the ocular implants market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Who are the influential players reshaping the ocular implants market landscape?
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.
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What Is Covered In The Ocular Implants Global Market Report?
•Market Size Forecast: Examine the ocular implants market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the ocular implants market for a structured understanding.
•Key Players Overview: Analyze major players in the ocular implants market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the ocular implants market.
•Segment Contributions: Evaluate how different segments drive overall growth in the ocular implants market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the ocular implants market.
•Industry Challenges: Identify potential risks and obstacles affecting the ocular implants market.
•Competitive Landscape: Review strategic developments in the ocular implants market, including expansions, agreements, and new product launches.
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