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How has the ocular implants market grown over the years?

The size of the ocular implants market has seen a swift escalation in the past few years. It is expected to escalate from $14.76 billion in 2024 to a remarkable $16.36 billion in 2025, experiencing a compound annual growth rate (CAGR) of 10.8%. The previous period expansion is due to various factors including ocular trauma, solution for vision correction, diabetic retinopathy, eye-related diseases, and regulatory clearances.

What Is the forecasted market size and growth rate for the ocular implants market?

The market of ocular implants is projected to witness a swift expansion in the coming years, with its value set to escalate to $25.32 billion in 2029, boasting a compound annual growth rate (CAGR) of 11.5%. Factors contributing to this growth during the forecasted span are an increase in the elderly population, escalating prevalence of myopia, better management of glaucoma, the rising preference for minimally invasive procedures, and improvements in patient safety. Technological progressions, pioneering in ophthalmology, the advent of digital healthcare, strides in regenerative medicine and advancements in artificial intelligence (AI) are regarded as the significant trends during this period.

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What are the major factors driving growth in the ocular implants market?

As the global elderly population increases, it is anticipated to fuel the expansion of the ocular implants market. The elderly population is generally regarded as those who are 65 years of age or older. Ocular implants offer remedies for common eye conditions associated with aging, like cataracts, glaucoma, and presbyopia, which improve vision, lessen the dependency on glasses or contacts, and improve quality of life for seniors. For instance, the World Health Organization, an international public health organization based in Switzerland, projected in October 2022 that the global population of people aged 60 and above will rise to 1.4 billion by 2022 from 1 billion in 2020. Additionally, by 2030, one in every six people worldwide will be over the age of 60. Consequently, the growing elderly population worldwide is predicted to stimulate the expansion of the ocular implants market.

What key areas define the segmentation of the global 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 top market players propelling the growth of the ocular implants industry?

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 are the key trends shaping the future of the ocular implants market?

Leading firms in the ocular implants market are concentrating on the development of innovative solutions such as axitinib intravitreal implants. These aim to improve therapy options for eye conditions like retinal vein occlusion and diabetic macular edema. Axitinib intravitreal implants are small devices that release medication, meant to be placed straight into the vitreous cavity of the eye to administer axitinib in a consistent, regulated way. One such pharmaceutical company based in the USA, Ocular Therapeutix, Inc., has initiated a significant clinical trial for its axitinib intravitreal implant, OTX-TKI, targeting the treatment of wet age-related macular degeneration (wet AMD). They aim to analyse the safety and effectiveness of this implant on preserving visual sharpness as compared to the standard treatment method, aflibercept. The trial, a multi-center and randomized study involving roughly 300 patients, will examine OTX-TKI’s ability to offer a sustained release of the medication, potentially minimizing the frequency of injections necessary for efficient treatment.

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What regions are dominating the ocular implants market growth?

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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