Pune, March 09, 2020 (GLOBE NEWSWIRE) -- The global ocular implants market size is projected to reach USD 7.94 billion by 2026. Technological advancements have played a key role towards the widespread adoption of ocular implants. According to a report published by Fortune Business Insights, titled “Ocular Implants Market Size, Share & Industry Analysis, By Product Type (Intraocular Lenses, Glaucoma Implants, Ocular Prostheses, Corneal Implants and Others), By End-user (Hospitals, Ophthalmic Clinics, Others), and Regional Forecast, 2019-2026,” the market was worth USD 5.11 billion in 2018 and will exhibit a CAGR of 5.7% during the forecast period, 2019-2026.
Ocular implants are used in the treatment of eye diseases and disorders. The increasing investment in the research and development of newer products will have a direct impact on the growth of the market in the coming years. The advancements in ophthalmic diagnostic technology has led to a wider product adoption. The ease of accessibility of online tools has educated the public regarding different treatment options will contribute to the growth of the market. Growing adoption of advanced ocular devices such as artificial eye and glaucoma devices has opened up a huge potential for the companies operating in the market. The increasing number of regulatory clearances for ocular devices help major companies generate substantial ocular implants market revenue in the coming years.
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Report Overview:
The ocular implants market is segmented on the basis of factors such as product type, end user, and regional demographics. The report provides forecast values for the market for the period of 2019-2026. The factual figures have been obtained through trusted sources. Moreover, these predictions are made on the basis of extensive research analysis methods, coupled with the opinions of experienced market research professionals. The report highlights the latest product launches and labels major innovations in the market. In addition to this, it states the impact of these products on the growth of the market. The competitive landscape has been discussed in detail and predictions are made with respect to leading companies and products in the coming years.
Increasing Number of Regulatory Approvals Will Aid Market Growth
The report encompasses several factors that have contributed to the growth of the market in recent years. Among all factors, the increasing number of regulatory approvals for ocular implants by major companies has made the highest impact on the growth of the market. In January 2018, Glaukus Corporation announced that it has submitted an IDE application to the FDA for ‘iStent Infinite.’ The company states that this device can be used in the treatment of glaucoma. The report identifies a few of the major FDA approvals of recent times and states their impact on the growth of the global market.
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North America Accounts for the Highest Market Share; Use of Advanced Implants to Aid Growth
The report analyses the ongoing ocular implants market trends across North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in North America currently holds the highest ocular implants market share. The presence of several large scale companies, coupled with the high investment by these companies towards the development and distribution of advanced ocular implants will have a positive impact on the growth of the regional market. As of 2018, the market in North America was worth USD 1.75 billion and this value is projected to increase further in the coming years.
List of the leading companies that are operating in the global ocular implants market are:
- Alcon
- Johnson and Johnson Services, Inc.
- Bausch & Lomb Incorporated
- ZEISS International
- STAAR SURGICAL
- Hoya Corporation
- Glaukos
- Second Sight
- Allergan
- Other Prominent Players
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Table of contents
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Epidemiology of Key Ocular Disorder - for Key Countries
4.2. Key Industry Developments - Mergers, Acquisitions, and Partnerships
4.3. Overview of Regulatory Scenario in Key Countries/ Regions
4.4. Introduction of New Products/ Approvals in Ocular Implant Industry
4.5. Snapshot of Global Ophthalmic Surgery Devices Market
5. Global Ocular Implants Market Analysis, Insights and Forecast, 2015-2026
5.1. Key Findings / Summary
5.2. Market Analysis, Insights and Forecast – By Product Type
5.2.1. Intraocular Lens
5.2.2. Glaucoma Implants
5.2.3. Ocular Prostheses
5.2.4. Corneal Implants and Others
5.3. Market Analysis, Insights and Forecast – By End-user
5.3.1. Hospitals
5.3.2. Ophthalmic Clinics
5.3.3. Others
5.4. Market Analysis, Insights and Forecast – By Country
5.4.1. North America
5.4.2. Europe
5.4.3. Asia Pacific
5.4.4. Latin America
5.4.5. Middle East & Africa
Industry Developments:
May 2018: The U.S FDA passed an approval for Clinical Research Consultant’s latest device for the treatment of genetic ocular disorder. The company introduced the world’s first-ever artificial iris.
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