Ocular implants are generally defined as surgically implanted artificial devices that are used to restore visual acuity after orbital enucleation, evisceration, or exenteration. Shape, size and power of the ocular-implants depend on the individual patient. Various integrated & nonintegrated materials including Medpor, hydroxyapatite, and bio-ceramic are generally used for ocular implants. Ocular implants also have various applications in targeted & sustained drug delivery for treating the ophthalmologic diseases ranging from the glaucoma to diabetic retinopathy. Growth in the geriatric population and increase in incidence of ophthalmic diseases that is very susceptible to eye disorders drive the global ocular implants market.
As per analysis, “Ocular Implants Market: Current Analysis and Forecast (2021-2027)” the key companies operating in the global ocular implants market include Bausch And Lomb Incorporated, Pfizer Inc., Carl Zeiss Meditec AG, Network Medical Products Ltd., Johnson And Johnson, Staar Surgical, Poriferous LLC, Mocher GMBH and among others. The availability of financial support and an increase in the incidence of reported visual impairments are expected to stimulate demand and thus encourage new players to enter the market. To maintain their market share, players implement various strategies such as agreements and collaborations with other players in the sector.
In terms of product, ocular implants market can be bifurcated as corneal implants, glaucoma implants, corneal implants, intraocular lenses, orbital implants and others. Intraocular lenses segment holds major share in global market because of their extended use in nearsightedness, presbyopia, and farsightedness. In terms of material, market can be bifurcated as integrated implants and non-integrated implants. Integrated implants include hydroxyapatite and aluminum oxide. Non-integrated implants include glass, acrylic and silicon. In terms of application, market can be bifurcated as aesthetics, drug delivery, oculoplasty, glaucoma surgery and age-related muscular degeneration. In addition, in terms of end-user, market can be bifurcated as eye institutes, specialty clinics and hospitals. Specialty eye institutes segment dominates the global market woign to rise in need for eye care services in rural areas. Additionally, hospital segment is estimated to exhibit substantial growth rate due to growth in regularity of treatment for vision impairment in hospitals during the forecast period.
Increase in awareness related to the eye care, followed by growth in healthcare expenditure and rise in cases of near sightedness, blindness, resbyopia, cataract surgeries and farsightedness are some major factors, which are responsible for growth of the ocular implants market. Apart from this, dearth of the skilled physician or professional may impact the market. Moreover, increase in research & development especially in the ocular implants is a leading opportunity for market.
Based on geography, the North-America is a leading region in global ocular implants market owing to availability of reimbursement facilities and growth in geriatric population across the region. The Asia-Pacific and Europe regions are estimated to witness higher growth rate due to increase in cases of eye-related disorder and rapidly increasing expenditure on eye care by individuals & government over the forecast period. It is predicted that future of the global ocular implants market will be bright as a result of increase in prevalence of corneal diseases during the forecast period.
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