Press release
Global Ocular Implants Market Outlook 2025-2034: Trends, Innovations, And Future Outlook
Ocular Implants
What Is the Ocular Implants Market Size and Projected Growth Rate?
The market size for ocular implants has seen a fast-paced increase in the past few years. It is projected to expand from $14.76 billion in 2024 to $16.36 billion in 2025, reflecting a compound annual growth rate (CAGR) of 10.8%. The previously observed growth is linked to factors such as ocular trauma, vision correction, diabetic retinopathy, eye disorders, and regulatory approvals.
In the coming years, the ocular implants market is projected to experience swift expansion. It is anticipated to reach a value of $25.32 billion in 2029, growing at a compound annual growth rate (CAGR) of 11.5%. Factors contributing to this projected growth in the forecast period include a rising elderly population, an increase in myopia cases, management of glaucoma, minimally invasive surgical techniques, and emphasis on patient safety. Foreseen market trends during this period include technological progression, innovations in ophthalmology, the rise of digital healthcare, the influence of regenerative medicine, and the introduction of artificial intelligence (AI) in the field.
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What Are the Major Segments in the 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
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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What Are The Driving Ocular Implants Market Evolution?
The global increase in the elderly population is anticipated to boost the expansion of the ocular implants market. The elderly population segment is usually defined as individuals who are 65 years old or older. Ocular implants offer remedies for prevalent age-associated eye diseases, such as cataracts, glaucoma, and presbyopia, in the elderly. These implants not only improve vision but also lessen the dependency on corrective glasses, thus augmenting the quality of life for senior citizens. To illustrate, in October 2022, the World Health Organization, a public health organization headquartered in Switzerland, projected that by 2022 the international population of individuals aged 60 years would rise to 1.4 billion from 1 billion in 2020. Plus, by 2030, one in every six individuals worldwide will be aged above 60 years. Consequently, the surge in the global elderly population will fuel the advancement of the ocular implants market.
Which Firms Dominate The Ocular Implants Market Segments?
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 Trends Are Expected to Dominate the Ocular Implants Market in the Next 5 Years?
Leading businesses in the ocular implants market are shifting their focus towards the creation of innovative treatments such as axitinib intravitreal implants. These implants are aimed at broadening the range of treatment options available for eye disorders such as retinal vein occlusion and diabetic macular edema. Axitinib intravitreal implants are small devices, designed to release axitinib - a type of tyrosine kinase inhibitor, directly to the eye's vitreous cavity, in a regulated and sustained manner. For instance, a pivotal clinical trial for an axitinib intravitreal implant known as OTX-TKI, was launched by Ocular Therapeutix, Inc., an American pharmaceutical firm, with the objective of treating wet age-related macular degeneration (wet AMD). The purpose of the trial is to gauge the safety and efficiency of the implant in preserving visual sharpness relative to standard treatments that use aflibercept. The study, designed to be multi-center and randomized, is intended to involve approximately 300 patients and will explore OTX-TKI's ability to provide a sustained release of the drug, which could possibly decrease the number of injections needed for effective treatment.
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Which Is The Largest Region 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Ocular Implants Market?
2. What is the CAGR expected in the Ocular Implants Market?
3. What Are the Key Innovations Transforming the Ocular Implants Industry?
4. Which Region Is Leading the Ocular Implants Market?
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