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Increasing Focus on the Development of Technologically Advanced Products is Expected to Drive the Market

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Increasing Focus on the Development of Technologically Advanced Products is Expected to Drive the Market


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Global Eye Implants Market

Global Eye Implants Market

Global Eye Implants Market

DUBLIN, March 18, 2022 (GLOBE NEWSWIRE) — “Eye Implants Market Size” by Product (Glaucoma Implants, Intraocular Lenses), Application (Glaucoma Surgery, Age-Related Macular Degeneration), End-use , Share and Trends Analysis Report”, Market Forecast by Region and Segment, 2022-2030” report has been added to ResearchAndMarkets.com’s offerings.

The global eye implants market size is expected to reach USD 22.1 billion by 2030 and is expected to grow at a CAGR of 5.8% from 2022 to 2030.

Growing focus on the development of technologically advanced products is expected to drive the market. Furthermore, the increasing incidence of ocular diseases such as glaucoma, cataracts and age-related macular degeneration is expected to drive the demand for ocular implants. According to the World Glaucoma Society, 79.6 million people are expected to have glaucoma by 2020.

Global economies suffered heavy losses and entered a recession as many countries imposed multiple lockdown restrictions, travel restrictions and total lockdowns. The impact of COVID-19 has also been strongly felt across the healthcare system.

While some markets saw a surge in demand due to the need for eye implants to diagnose and treat COVID-19, certain other products saw sharp declines in sales, especially during the height of the pandemic. The market falls into the latter category and has been negatively impacted by the COVID-19 outbreak. The cancellation and postponement of elective surgeries to avoid spreading the virus to staff and patients led to lower sales of eye implants in 2020.

However, the introduction of vaccines in most countries and specific strategies based on early experience to reduce similar effects of a third or fourth wave are helping the market return to growth.

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Furthermore, the outbreak of COVID-19 has increased the demand for specialist clinics by making patients more inclined to go to specialist ophthalmology facilities rather than hospitals to avoid crowded places that pose a higher threat of contracting the virus.

In addition, new dynamics involved in career and education systems increase the overall screen time of individuals, which is expected to lead to an increase in the incidence of eye disease. This, in turn, is expected to boost market growth over the forecast period.

Eye Implants Market Report Highlights

The glaucoma implant product segment dominates the market in 2021 owing to the rising incidence of glaucoma globally.

Glaucoma surgery application accounted for the largest revenue share in 2021 and this trend is expected to continue over the forecast period.

By end-use, the hospital segment will dominate the market with a revenue share of over 40.0% in 2021 owing to rising inpatients globally.

The end-use segment of specialty ophthalmic institutions is expected to witness significant growth over the forecast period owing to increasing demand for eye care services in remote areas.

Asia Pacific is expected to witness the highest CAGR of 7.1% over the forecast period owing to the increasing diabetic population in the region, which is highly susceptible to eye diseases.

Market dynamics

Market Driver Analysis

Increased incidence of eye diseases

Growing elderly and diabetics

skill improved

Market Constraint Analysis

Eye Implants Market Analysis Tool

Competitive Landscape

Alcon

Bausch & Lomb

Carl Zeiss

Johnson & Johnson

starr surgical co.

mocher gmbh

TAG Heuer

glaucus co., ltd.

For more information on this report, please visit https://www.researchandmarkets.com/r/yoocxe

Appendix

CONTACT: Contact: ResearchAndMarkets.com Laura Wood, Senior Press Manager [email protected] EST Office Hours Call 1-917-300-0470 US/Canada Toll Free 1-800-526-8630 GMT Office Hours Call +353- 1-416-8900

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