Global Ocular Implants Market Size, Share, Opportunities, And Trends By Type (Intraocular Lenses, Ocular Prosthesis, Others), By End Users (Eye Hospitals, Ophthalmic Clinics, Eye Institutes), And By Geography - Forecasts From 2024 To 2029

The global ocular implants market is expected to grow at a CAGR of 9.92%, reaching a market size of US$32.153 billion in 2029 from US$16.582 billion in 2022.

The main factor expected to drive the market is the rising prevalence of eye conditions like scleritis, cataracts, glaucoma, and age-related macular degeneration. Due to the increase in the incidence rate, the need for surgical procedures involving ocular implants is increasing. This is primarily ascribed to the increasing developments in ophthalmic diagnostic technology and the accessibility of online resources that inform the public about available treatment options.

Furthermore, this has resulted in a rise in the usage of sophisticated eye devices, such as glaucoma and artificial eye devices. Ocular implant technological developments are a major factor propelling the worldwide market.

Global Ocular Implants Market Drivers

• Rising demand for glaucoma implants

The market growth can be attributed to the fact that glaucoma is becoming more common and is one of the main causes of blindness. A Bright Focus Foundation study estimates that 20 million individuals worldwide suffered from glaucoma in 2020. By the end of 2040, this number is anticipated to surpass 111 million. The ocular implants market is divided into intraocular lenses, corneal implants, orbital implants, glaucoma implants, ocular prostheses, and other categories based on the product type.

During the forecast period, glaucoma implants are expected to continue to increase the market demand. This is because governmental and non-governmental organizations have raised awareness of glaucoma. For example, to raise awareness about glaucoma, the World Glaucoma Association has launched an initiative called "World Glaucoma Week," scheduled for March 6–12, 2022. Moreover, they have been used for so long to treat nearsightedness, farsightedness, and presbyopia that intraocular lenses have become increasingly popular.

• The increasing importance of aesthetic value has led to a rise in the adoption of ocular prosthesis

For those who have experienced eye trauma, the ocular prosthesis adds aesthetic value to their faces. The market offers a wide range of implantable ocular prostheses composed of scleral shell, acrylic, and glass. The use of cryolite glass ocular prostheses is becoming more and more popular. This is because the glass provides a reflection that resembles the human eye. Furthermore, the development of digital technology has made it possible to quickly and accurately construct an ocular prosthesis of this kind. In developed nations like the United States, Germany, and Japan, the acceptance of glass ocular prostheses has shifted due to these factors.

• Increasing prevalence of eye disorders like cataracts and glaucoma

The two most common ocular conditions affecting the world's elderly population are cataracts and glaucoma. The World Health Organization (WHO) estimates that cataracts cause blindness in about 20 million people globally. Furthermore, it is estimated that only 17% of people with cataract-related vision impairment and 36% of people with refractive error-related distance vision impairment worldwide have access to the proper interventions. Glaucoma devices and intraocular lenses have become more popular due to this increase. In conjunction with the aforementioned factors, the population's growing awareness of various treatment options is expected to support the ocular implant market growth in the foreseeable future.

• Rising technological advancements

There have been many technological developments in the market. For example, the PRIMA System, a bionic or artificial eye technology that partially replaces the physiological function of the eye's photoreceptors, was recently introduced by PIXIUM VISION. A wireless sub-retinal implant that sends visual data to the brain's optical nerve makes this possible. The gadget also includes a digital projector, a pair of glasses with a camera integrated into them, and a pocket processor. A feasibility study for this technology is presently being conducted in the United States and France for people with age-related macular degeneration (dry atopic form), which causes severe vision loss.

Furthermore, developing microinvasive glaucoma devices for patients is anticipated to propel the market. Advanced intraocular lenses and corneal implants that solve issues with currently available implantable devices are two more examples of such innovations. During the projected years, the market sales of these cutting-edge technologies for treating ocular disorders and diseases are anticipated to soar.

• High demand for ocular implants in hospitals

This is because more patients choose to have eye surgeries in hospitals than in clinics or other settings. Two factors driving the growth of the hospital segment are the rising prevalence of cataract and glaucoma surgeries in hospitals and the growing number of people undergoing ocular surgeries. The need for ocular implants in hospitals is expected to be fueled by other significant factors, such as the developing healthcare infrastructure in developing nations and the rise in sophisticated healthcare facilities. By the end of the forecast period, it is anticipated that this market trend will be followed.

Global Ocular Implants Market Geographical Outlook

• North America is witnessing exponential growth during the forecast period

North America is anticipated to grow at a high rate because of the rising incidence of eye problems, sedentary lifestyles, and rising knowledge of important factors. The factor that is primarily driving the market boom in North America is Trelease products. Additionally, the region's access to technologically advanced products and a favourable pay environment make it likely for the company to maintain its lead over the course of the forecast period.

Global Ocular Implants Market Key Launches

• In February 2024, Johnson & Johnson MedTech*, a leading global provider of eye health care, announced that the TECNIS PureSee purely refractive presbyopia-correcting lens is now offered in Europe. Similar to a monofocal IOL, the TECNIS PureSee IOL has a proprietary purely refractive design and provides continuous, high-quality vision with high best-in-category contrast and low-light performance.

 

• In December 2023, the FDA approved Glaukos Corp.'s New Drug Application (NDA) for travoprost intracameral implant (iDose TR) 75 mcg, a prostaglandin analogue indicated for reducing intraocular pressure (IOP) in patients with open-angle glaucoma (OAG) or ocular hypertension (OHT). According to Glaukos Corp.1, the travoprost intracameral implant is a long-duration intracameral pharmaceutical therapy intended to provide therapeutic levels of a unique formulation of travoprost inside the eye for prolonged periods.

Segmentation:

• By Type
  • Intraocular lenses
  • Ocular Prostheses
  • Others
• By End-User
  • Eye Hospitals
  • Ophthalmic Clinics
  • Eye Institutes
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • South Africa
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • Others

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1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

1.8. Key Benefits to the Stakeholder

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Processes

3. EXECUTIVE SUMMARY

3.1. Key Findings

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

4.5. Analyst View

5. GLOBAL OCULAR IMPLANTS MARKET, BY TYPE

5.1. Introduction

5.2. Intraocular Lenses

5.2.1. Market Trends and Opportunities

5.2.2. Growth Prospects

5.2.3. Geographic Lucrativeness

5.3. Ocular Prostheses

5.3.1. Market Trends and Opportunities

5.3.2. Growth Prospects

5.3.3. Geographic Lucrativeness

5.4. Others

5.4.1. Market Trends and Opportunities

5.4.2. Growth Prospects

5.4.3. Geographic Lucrativeness

6. GLOBAL OCULAR IMPLANTS MARKET, BY END-USERS

6.1. Introduction

6.2. Eye Hospitals

6.2.1. Market Trends and Opportunities

6.2.2. Growth Prospects

6.2.3. Geographic Lucrativeness

6.3. Ophthalmic Institutes

6.3.1. Market Trends and Opportunities

6.3.2. Growth Prospects

6.3.3. Geographic Lucrativeness

6.4. Eye Institutes

6.4.1. Market Trends and Opportunities

6.4.2. Growth Prospects

6.4.3. Geographic Lucrativeness

7. GLOBAL OCULAR IMPLANTS MARKET, BY GEOGRAPHY

7.1. Introduction

7.2. North America

7.2.1. By Type

7.2.2. By End-User

7.2.3. By Country

7.2.3.1. USA

7.2.3.1.1. Market Trends and Opportunities

7.2.3.1.2. Growth Prospects

7.2.3.2. Canada

7.2.3.2.1. Market Trends and Opportunities

7.2.3.2.2. Growth Prospects

7.2.3.3. Mexico

7.2.3.3.1. Market Trends and Opportunities

7.2.3.3.2. Growth Prospects

7.3. South America

7.3.1. By Type

7.3.2. By End-User

7.3.3. By Country

7.3.3.1. Brazil

7.3.3.1.1. Market Trends and Opportunities

7.3.3.1.2. Growth Prospects

7.3.3.2. Argentina

7.3.3.2.1. Market Trends and Opportunities

7.3.3.2.2. Growth Prospects

7.3.3.3. Others

7.3.3.3.1. Market Trends and Opportunities

7.3.3.3.2. Growth Prospects

7.4. Europe

7.4.1. By Type

7.4.2. By End-User

7.4.3. By Country

7.4.3.1. UK

7.4.3.1.1. Market Trends and Opportunities

7.4.3.1.2. Growth Prospects

7.4.3.2. Germany

7.4.3.2.1. Market Trends and Opportunities

7.4.3.2.2. Growth Prospects

7.4.3.3. France

7.4.3.3.1. Market Trends and Opportunities

7.4.3.3.2. Growth Prospects

7.4.3.4. Italy

7.4.3.4.1. Market Trends and Opportunities

7.4.3.4.2. Growth Prospects

7.4.3.5. Others

7.4.3.5.1. Market Trends and Opportunities

7.4.3.5.2. Growth Prospects

7.5. Middle East and Africa

7.5.1. By Type

7.5.2. By End-User

7.5.3. By Country

7.5.3.1. Saudi Arabia

7.5.3.1.1. Market Trends and Opportunities

7.5.3.1.2. Growth Prospects

7.5.3.2. South Africa

7.5.3.2.1. Market Trends and Opportunities

7.5.3.2.2. Growth Prospects

7.5.3.3. Others

7.5.3.3.1. Market Trends and Opportunities

7.5.3.3.2. Growth Prospects

7.6. Asia Pacific

7.6.1. By Type

7.6.2. By End-User

7.6.3. By Country

7.6.3.1. Japan

7.6.3.1.1. Market Trends and Opportunities

7.6.3.1.2. Growth Prospects

7.6.3.2. China

7.6.3.2.1. Market Trends and Opportunities

7.6.3.2.2. Growth Prospects

7.6.3.3. India

7.6.3.3.1. Market Trends and Opportunities

7.6.3.3.2. Growth Prospects

7.6.3.4. Australia

7.6.3.4.1. Market Trends and Opportunities

7.6.3.4.2. Growth Prospects

7.6.3.5. Others

7.6.3.5.1. Market Trends and Opportunities

7.6.3.5.2. Growth Prospects

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Market Share Analysis

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Competitive Dashboard

9. COMPANY PROFILES

9.1. SMR Ophthalmic Pvt. Ltd.

9.2. iSTAR Medical

9.3. Johnson & Johnson

9.4. STAAR Surgical

9.5. Alcon

9.6. Hoya Surgical Optics

9.7. ZEISS

9.8. Glaukos

9.9. OPHTEC

9.10. NanoVision

SMR Ophthalmic Pvt. Ltd.

iSTAR Medical

Johnson & Johnson

STAAR Surgical

Alcon

Hoya Surgical Optics

ZEISS

Glaukos

OPHTEC

NanoVision