2340 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

How Are Key Drivers in the Industry Acting as Catalysts for the Growth of theOcular Implants Market?

The rise in the global geriatric population is expected to propel growth in the ocular implants market. Ocular implants provide solutions for age-related eye conditions such as cataracts, glaucoma, and presbyopia, improving vision and reducing dependence on corrective eyewear. The World Health Organization projects that by 2022, there will be 1.4 billion people aged 60 or older worldwide, and by 2030, one in six people will be over 60. As the geriatric population grows, demand for ocular implants is likely to increase.

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#What is the Growth Potential of the Ocular Implants Market, and How Will It Perform by 2034?

The ocular implants market has grown rapidly in recent years. It is projected to increase from $14.76 billion in 2024 to $16.36 billion in 2025, with a compound annual growth rate (CAGR) of 10.8%. This growth is attributed to factors such as ocular trauma, the need for vision correction, diabetic retinopathy, eye diseases, and regulatory approvals.

The ocular implants market is set for rapid expansion, reaching $25.32 billion by 2029 at a CAGR of 11.5%. This growth is attributed to an aging population, increasing cases of myopia, the need for glaucoma management, the trend towards minimally invasive surgeries, and a focus on patient safety. Technological innovations, ophthalmic advancements, digital healthcare, regenerative medicine, and the integration of artificial intelligence (AI) are major trends shaping this market.

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What Are the Current Market Growth and Trends in theOcular Implants Market That Industry Players Should Watch?

Companies in the ocular implants market are focusing on innovative solutions like axitinib intravitreal implants to treat eye diseases such as retinal vein occlusion and diabetic macular edema. These implants release axitinib, a tyrosine kinase inhibitor, in a controlled manner. For instance, Ocular Therapeutix, Inc., a U.S.-based pharmaceutical company, launched a pivotal clinical trial for its axitinib intravitreal implant, OTX-TKI, aimed at treating wet age-related macular degeneration. The trial seeks to assess the safety and efficacy of the implant in maintaining visual acuity.

What Are the Major Market Players Making an Impact on theOcular Implants Market Growth?

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.

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How Are the Key Segments of the Ocular Implants Market Driving Opportunities and Innovations?

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 Regions Are At the Forefront of #How Are Key Drivers in the Industry Acting as Catalysts for the Growth of theOcular Implants Market?# Market Expansion?

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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