Global Ocular Implants Market Driven by Growing Use of Electronics
Ocular implants are the devices used to replace the damaged ocular or eye parts and helps to restore the vision sharpness or replace the injured eye. Ocular prostheses are the artificial eye implants used for the damages caused to the eye due the eye disease or trauma. Intraocular lenses, corneal implants, and ocular prostheses are the different types of implants used for the treatment of eye disorders. Intraocular Lens is used in the implants as a replacement of the natural eye.
Drivers and restraints of Global Ocular Implants Market
According to the market research conducted by Knowledge Sourcing Intelligence rise in the prevalence of ophthalmic diseases such as glaucoma, scleritis, uveitis, Age-Related Macular Degeneration (AMD), and cataract is significantly driving the market for ocular implants. The availability of the customized ocular prosthesis as per the patient’s requirement will also boost the global ocular implants market growth. Excessive usage of computers and mobile are leading the eye disorders such as ‘dry eyes’ further leading the rise in the market. The ocular implant is recommended for cataract too which is contributing to the increasing global ocular implants market size. Wide acceptance of custom made ocular prostheses for patients with facial disfigurement due to shrunken eyelids caused by ocular tissue damage is further boosting the growth of the market. However, complications arising during and after the implantation and the lack of a skilled workforce to perform the procedures are restraining the market during the given time frame.
Geographically, North America and Europe region are expected to have a significant market share of the global ocular implants market share. The market share is projected on account of the availability of enhanced machinery for the treatment of the chronic diseases coupled and the easy reimbursement policies in the region. The market of Asia Pacific region is expected to witness rapid growth owing to the rapidly increasing population in the region, increasing cases of blindness coupled with government spending in the healthcare sector.
By implant type, the market is segmented as intraocular lenses, corneal implants, ocular prosthesis, and others. Intraocular lenses segment is anticipated to have a significant market owing to the rising application of the intraocular lenses in the farsightedness, nearsightedness, and presbyopia. By application, the market is segmented as intraocular drug delivery, age-related macular degeneration, glaucoma, cataract, and others. The glaucoma segment is expected to witness rapid growth on account of the globally increasing number of cases of glaucoma. On the basis of the end-user, the market is segmented as hospitals and clinics and specialty eye hospitals. Hospitals and clinics segment is anticipated to grow rapidly on account of a large number of patients suffering from eye-related diseases coupled with the presence of the expert physicians.
Major industry players profiled as part of the report of Knowledge sourcing intelligence a market research services company are Ophtec BV, Bausch & Lomb Incorporated and AJL Ophthalmic S.A. among others.
Key Questions Answered in This Report:
· What are the key regions having a significant market share of the market?
· What are the drivers and restraints of the market?
· Who are the key market players in the market?
· What is market segmentation of the global ocular implants market?
· Who are the end users of the market?