Emerging Trends to Drive Ocular Implants Market Growth at 11.4% CAGR Through 2029

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Ocular Implants Market Size Growth Forecast: What to Expect by 2025?
The market for ocular implants has seen substantial growth lately. The market's size is forecasted to expand from $14.76 billion in 2024 to reach a value of $16.25 billion in 2025, demonstrating a Compound Annual Growth Rate (CAGR) of 10.1%. The factors contributing to this historical growth include ocular trauma, vision correction needs, diabetic retinopathy, various eye diseases, and regulatory approvals.

How Will the Ocular Implants Market Size Evolve and Grow by 2029?
Over the upcoming years, the market size for ocular implants is predicted to experience swift expansion, escalating to $25.06 billion by 2029 with a compound annual growth rate (CAGR) of 11.4%. The envisaged growth in the forecast period can be credited to the increasing elderly population, growing incidences of myopia, glaucoma control, minimally invasive procedures, and emphasis on patient safety. Some of the primary trends predicted for the forecast period are advancements in technology, innovations in ophthalmology, digital healthcare, regenerative medicine, as well as the integration of artificial intelligence (AI).

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What Drivers Are Propelling the Growth of Ocular Implants Market Forward?
The anticipated increase in the worldwide elderly population is predicted to fuel the ocular implants industry's expansion. This age category refers to those who are typically 65 years old or more. Ocular implants offer solutions to prevalent eye conditions in the elderly, such as cataracts, glaucoma, and presbyopia, enhancing vision, reducing dependence on visual aids, and improving the quality of life. For instance, by October 2022, the World Health Organization, an international public health institution based in Switzerland, predicts that the worldwide population of individuals aged 60 years will rise to 1.4 billion from one billion in 2020. Additionally, one in six individuals globally will be over 60 years old by 2030. As such, the escalating global elderly population is set to propel the ocular implants market's growth.

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What Are the Key Trends Driving Ocular Implants Market Growth?
Key industry players in the ocular implants market are now concentrating on the evolution of innovative solutions such as axitinib intravitreal implants, which have emerged as an enhanced treatment for ocular ailments such as retinal vein occlusion and diabetic macular edema. Axitinib intravitreal implants, tiny devices that release medication directly into the eye's vitreous cavity, function to administer axitinib, a tyrosine kinase inhibitor, in a consistent and controlled way. As an example, the American pharmaceutical firm, Ocular Therapeutix, Inc., has initiated an important clinical trial involving its axitinib intravitreal implant, the OTX-TKI, which has been developed to treat wet age-related macular degeneration (wet AMD). The purpose of this trial is to determine the safety and effectiveness of the implant in preserving visual sharpness in comparison to traditional treatment with aflibercept. With approximately 300 patients participating across numerous locations, the study intends to gauge whether OTX-TKI could facilitate a continuous release of the medication, potentially decreasing the number of injections needed for successful treatment.

What Are the Key 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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Who Are the Key Players Shaping the Ocular Implants Market's Competitive 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.

What Geographic Markets Are Powering 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.

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