Ocular Implants Market Growing At A CAGR Of 6.7% For The Forecast Period From 2018 To 2025 : Grand View Research Inc.
San Francisco, 27 June 2019: The Report Ocular Implants Market Analysis By Product (Intraocular Lenses, Corneal Implants, Glaucoma Implants, Ocular Prosthesis), By Application (Glaucoma, Drug Delivery), By End-use, And Segment Forecasts, 2018 – 2025
The global ocular implants market is expected to reach USD 18.4 billion by 2025, growing at a CAGR of 6.7%, according to a new report by Grand View Research, Inc. The increase in incidence of cataract is a major factor for this market’s growth. Cataract has been identified as a leading cause of blindness globally, and this has encouraged many industry players and government organizations to develop ocular implants.
Technological advancements and increasing acceptance of vision correction coupled with fast adoption of intraocular lenses in cataract surgeries are the factors supporting this market’s growth. For instance, a new collagen glaucoma implant that inhibits the formation of scar and is biodegradable has been developed.
Eye research institutes play a vital role in the technological advancements associated with intraocular lenses. The advent of various advance intraocular lenses and increase in competition amongst players for development of better lenses as well as rise in investment on eye research institutes by government and nongovernment organizations are anticipated to fuel market growth. Hence, owing to the rise in number of clinical trials pertaining to these lenses and increase in government expenditure on R&D, the market is expected to witness lucrative growth in the intraocular segment.
In addition, increase in ophthalmic disorders and demand for better eye implants are creating abundant growth opportunities for this market, which is expected to increase the number of players in the market.
Access Research Report of Ocular Implants Market @ www.grandviewresearch.com/industry-analysis/ocular-implants-market
Further Key Findings From the Report Suggest:
Grand View Research has segmented the global ocular implants market on the basis of product, application, end use, and region:
Ocular Implants Product Outlook (Revenue, USD Million, 2014 - 2025)
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
The global ocular implants market is expected to reach USD 18.4 billion by 2025, growing at a CAGR of 6.7%, according to a new report by Grand View Research, Inc. The increase in incidence of cataract is a major factor for this market’s growth. Cataract has been identified as a leading cause of blindness globally, and this has encouraged many industry players and government organizations to develop ocular implants.
Technological advancements and increasing acceptance of vision correction coupled with fast adoption of intraocular lenses in cataract surgeries are the factors supporting this market’s growth. For instance, a new collagen glaucoma implant that inhibits the formation of scar and is biodegradable has been developed.
Eye research institutes play a vital role in the technological advancements associated with intraocular lenses. The advent of various advance intraocular lenses and increase in competition amongst players for development of better lenses as well as rise in investment on eye research institutes by government and nongovernment organizations are anticipated to fuel market growth. Hence, owing to the rise in number of clinical trials pertaining to these lenses and increase in government expenditure on R&D, the market is expected to witness lucrative growth in the intraocular segment.
In addition, increase in ophthalmic disorders and demand for better eye implants are creating abundant growth opportunities for this market, which is expected to increase the number of players in the market.
Access Research Report of Ocular Implants Market @ www.grandviewresearch.com/industry-analysis/ocular-implants-market
Further Key Findings From the Report Suggest:
- Intraocular lenses, corneal implants, orbital implants, glaucoma implants, and ocular prosthesis are the key segments analyzed in this study. The glaucoma implants segment was identified as the largest and is expected to grow at a CAGR of over 6.0% during the forecast period.
- North America is one of the most lucrative regions for ocular implants due to growing aging population and easy availability of reimbursement facilities, which boost the regional market. The U.S. is most dominating country in this region, owing to a large population having supportive insurance coverage, technological advancements, and aging population, which is more prone to cataract.
- Ophthalmic clinics in developing countries are working toward providing affordable eye care services, which in turn encourages the medical tourism in these countries. As a result, the demand for intraocular lenses is increasing in developing countries, thereby, driving market growth.
- Some key players are Bausch & Lomb Incorporation; Alcon Inc.; Johnson & Johnson Vision Care; Carl Zeiss Meditec AG.; MORCHER GmbH; and STAAR Surgical
Grand View Research has segmented the global ocular implants market on the basis of product, application, end use, and region:
Ocular Implants Product Outlook (Revenue, USD Million, 2014 - 2025)
- Intraocular lenses
- Corneal implants
- Orbital implants
- Glaucoma implants
- Ocular prosthesis
- Others
- Glaucoma surgery
- Oculoplasty
- Drug delivery
- Age-related macular degeneration
- Aesthetic purpose
- Hospitals
- Specialty eye institutes
- Clinics
- North America
- Europe
- Asia Pacific
- Latin America
- MEA
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
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