The Ocular Implants Market is being driven by Increasing prevalence of ophthalmic diseases
The Ocular Implants Market is expected to grow at a CAGR of 6.7% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 1772.3 million. Ocular defects, resulting from trauma, surgery, cancer, anophthalmos, or microphthalmos, can significantly impact an individual's psychological well-being and create social stigma. Customized ocular implants, in the form of ocular prostheses, offer a viable solution by restoring confidence and improving self-image. These prostheses function as artificial substitutes for enucleated eyeballs. Custom-made prostheses, fabricated using high-quality acrylic materials, ensure a precise fit within the patient's eye socket and a color match with the other eye. Preferences for custom-made prostheses over prefabricated or stock eye prostheses are on the rise due to their superior fit, reduced tissue irritation from bacterial growth in the tissue-prosthesis interface, and enhanced esthetic outcome, resulting in improved eye movement.
Get more information on Ocular Implants Market by requesting a sample report
Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on Product (IOLs, Corneal implants, Glaucoma implants, Ocular prostheses) Geography (North America, Europe, Asia, Rest of World (ROW)).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
Rich Experience: 20+ years leading global market research, trusted insights across industries.
Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.
Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.
Key Features in Ocular Implants Market Research Report
Find out which segment is leading the market by accessing the free PDF report
The Ocular Implants Market encompasses innovative solutions for various eye disorders, including age-related macular degeneration, cataract, glaucoma, scleritis, and diabetic retinopathy. Ocular implants, such as intraocular lenses, orbital implants, and ocular prostheses, are utilized in surgical procedures for vision restoration and aesthetic purposes. Medicare beneficiaries, geriatric population, and diabetic patients are significant consumer groups. Advanced ocular devices, including micro-invasive glaucoma devices and glaucoma implants, are gaining popularity. Hospitals, clinics, specialty eye institutes, and online tools offer access to ophthalmic diagnostic technology and advanced treatments. Ocular diseases, such as glaucoma surgery, oculoplasty, and drug delivery systems, are addressed through these implants. The market caters to both functional and aesthetic value, with implantable ocular prostheses offering solutions for blindness.
The Ocular Implants Market is a significant segment of the global Healthcare Equipment Market, encompassing companies specializing in the research, development, production, and surgical implementation of advanced implant solutions for various eye disorders. These include Age-related Macular Degeneration, Cataract, Glaucoma, and Scleritis. Technavio, a leading technology research and consulting firm, calculates the size of the Healthcare Equipment Market based on the combined revenue generated by manufacturers of diagnostic equipment and devices. The Ocular Implants Market falls under the Implants segment of the Healthcare Equipment Market, which also includes accessories and consumables. Medicare beneficiaries represent a substantial portion of the consumer base for these advanced ocular solutions.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
Safe and Secure SSL Encrypted
One user only.
Quick & easy download option
Unlimited user access (Within your organization).
Complimentary Customization Included
*For Enterprise license, go to checkout page
Get the report (PDF) sent to your email within minutes.
