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How Will the Ocular Implants Market’s Growth Rate Evolve Over the Forecast Period to 2034?

In the last few years, the ocular implants market has experienced a significant expansion. The projected growth is from $14.76 billion in 2024 to a staggering $16.36 billion in 2025, yielding a compound annual growth rate (CAGR) of 10.8%. The unprecedented growth during the historic period is due to factors such as ocular trauma, corrective vision procedures, diabetic retinopathy, various eye diseases, and regulatory authorizations.

The market for ocular implants is anticipated to expand swiftly in the coming years, reaching a value of $25.32 billion by 2029 at a compound annual growth rate (CAGR) of 11.5%. The surge in growth during the forecast period can be associated with factors such as an increase in the aging population, the escalating prevalence of myopia, management of glaucoma, minimally invasive surgical procedures, and patient safety. Key trends observed for the projected period include advancements in technology, innovations in the field of ophthalmology, the rise of digital healthcare, progress in regenerative medicine, and the advent of artificial intelligence (AI).

What Major Innovations Are Driving the Accelerated Growth of the ocular implants Market?

The global increase in the elderly population is anticipated to fuel the ocular implants market’s expansion. This elderly population encompasses individuals usually aged 65 or above. Ocular implants offer solutions to these elderly individuals for prevalent age-related eye issues such as cataracts, glaucoma, and presbyopia, improving their vision, decreasing dependence on corrective eyewear, and boosting their quality of life. For example, as per the World Health Organization, a Switzerland-based international public health organization, the worldwide population of individuals aged 60 years is expected to rise to 1.4 billion by 2022 from 1 billion in 2020. Furthermore, by 2030, 1 in 6 people globally will be over 60 years old. As such, the increasing elderly population worldwide is set to stimulate the ocular implants market’s growth.

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Who Are the Influential Players Reshaping the Ocular Implants Market Landscape?

Major companies operating in the ocular implants market include:

• Alcon Inc._x000D_

• Bausch & Lomb Inc._x000D_

• Carl Zeiss AG_x000D_

• STAAR Surgical Company_x000D_

• Johnson and Johnson Services Inc._x000D_

What New and Evolving Trends Are Having a Lasting Impact on the Ocular Implants Market?

Prominent companies in the ocular implants sector are concentrating their efforts on the creation of novel solutions like axitinib intravitreal implants to expand the available treatment methods for ocular conditions such as retinal vein occlusion and diabetic macular edema. These types of implants are small devices that release medication, which are inserted directly into the vitreous cavity of the eye to deliver a controlled, sustained dosage of axitinib, a type of tyrosine kinase inhibitor. For example, the US-based pharmaceutical firm, Ocular Therapeutix, Inc., has initiated a crucial clinical trial for their axitinib intravitreal implant, OTX-TKI, targeting the treatment of wet age-related macular degeneration (wet AMD). The trial’s purpose is to ascertain the implant’s safety and effectiveness in preserving visual acuity in comparison to the standard treatment with aflibercept. Constructed as a multi-center, randomized study involving approximately 300 patients, the trial’s objective is to determine if OTX-TKI can deliver a continuous release of the medication, thereby potentially lowering the number of injections needed for effective treatment.

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Which Key Segments of the Ocular Implants Market Are Poised for Growth and Innovation?

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

Which Geographic Locations Are Critical to the Growth of 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.

What Are the Key Characteristics That Define the Ocular Implants Market?

Ocular implants are used to improve the eye vision of a person. These implants help improve the fixing sight of people who have lost an eye to injury or disease, commonly called a glass eye, made up of hard plastic acrylic. The prosthetic eye has a shell form consisting of a clear, artificial lens implant used to replace a cloudy natural lens in cataract surgery.

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