Ocular implants are defined as surgically implanted artificial devices used to restore sharpness of vision after enucleation, evisceration, or orbital exenteration. The size, shape, and power of ocular implants depend on individual patient. Various nonintegrated and integrated materials including hydroxyapatite, Medpor, and bio-ceramic are used for ocular implants. According to analysis and studies, porous integrated implants (hydroxyapatite) could show some risks and complications such as extrusion, dehiscence, or infections. Presently, nanostructured biomaterials offer higher healing and proliferation rate at low price and less post surgical complications. Ocular implants also have applications in targeted and sustained drug delivery for treating ophthalmologic diseases ranging from glaucoma to diabetic retinopathy. Increase in incidence of ophthalmic diseases and constant rise in the geriatric population that is highly susceptible to eye disorders drive the global ocular implants market.

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Global Ocular Implants Market: Dynamics

Increase in Cases of Eye-related Disorders Boosts Market

Eye-related disorders have emerged as potential threats to the populations in all middle-income and industrialized countries. Leading causes of vision impairment include uncorrected refractive errors, cataract, age-related macular degeneration, glaucoma, diabetic retinopathy, corneal opacity, and trachoma. Among these, cataract and uncorrected refractive errors are the most frequent and leading causes of blindness across the world. However, there is some variation in the causes across countries. Vision impairment due to cataract is higher in low- and middle-income countries than high-income countries, whereas diabetic retinopathy, glaucoma, and age-related macular degeneration are more common in industrialized countries. Age-related macular degeneration (AMD) ranks third among the global causes of visual impairment, with a blindness prevalence of 8.7%. However, it is the major and primary cause of visual impairment in developed countries.

According to the World Health Organization, an estimated 1.3 billion people were living with some form of vision impairment globally in 2018. According to CDC report, nearly 20.5 million (17.2%) people in the U.S. aged 40 years and above have cataract in one or both eyes, and 6.1 million (5.1%) have had their lens removed operatively. The total number of people who have cataract is estimated to increase to 30.1 million by 2020.

Hence, increase in incidence of visual impairment across the globe are projected to drive the global ocular implants market during the forecast period.

Significant Rise in Awareness about Diagnosis & Treatment of Eye Disorders to Boost Market

Awareness about common eye disorders and their treatments can play an important role in encouraging patients to seek timely eye care, and thereby, help in reducing the burden of visual impairment. Rise in prevalence of diabetes and obesity could increase the number of people with vision impairment. Governments are taking initiatives by conducting various health education programs to spread awareness about preventing these diseases and their available treatments. For example, VISION 2020: The Right to Sight was launched in 1999 with the aim of reducing the burden of avoidable blindness in the world, especially in developing countries such as India.

Rise in awareness among people and increase in government initiatives for vision care management are anticipated to boost the global ocular implants market.

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Global Ocular Implants Market - Competitive Landscape

Major players operating in the global ocular implants market include Johnson & Johnson Services, Inc., Alcon (Novartis AG), STAAR Surgical, MORCHER GmbH, Bausch + Lomb Incorporated, Carl Zeiss Meditec AG, Hoya Surgical Optics, Rayner Intraocular Lenses Limited, Ophtec BV, and SAV-IOL SA.

Johnson & Johnson Services, Inc.

Johnson & Johnson Services, Inc. is the world’s largest and most broadly based health care company, providing services for more than 130 years to keep people well at every age and every stage of life. It offers products through three business segments: consumer products, medical devices, and pharmaceutical products. Vision care products, including disposable contact lenses and ophthalmic products related to cataract & laser refractive surgery, are offered under the medical devices segment. Different brands offered by Johnson & Johnson Services, Inc. in the vision care segment include ACUVUE, Blink, iLASIK, LipiFlow, and Symfony.

STAAR Surgical

STAAR designs, develops, manufactures, and markets implantable lenses for the eye and companion delivery systems. The company sells its products in more than 75 countries and conducts manufacturing in the U.S. Its major product line includes ICLs, IOLs, and surgical products. STAAR Japan, Inc., STAAR Surgical AG, and Domilens Vertrieb fuer medizinische Produkte GmbH are the three subsidiaries of STAAR Surgical.

Global Ocular Implants Market: Segmentation

The global ocular implants market can be segmented based on:

  • Product
  • Material
  • Application
  • End-user
  • Region

In terms of product, the global ocular implants market can be classified into:

  • Glaucoma Implants
  • Intraocular Lenses
    • Foldable IOLs
      • Hydrophobic Acrylic IOLs
      • Hydrophilic Acrylic IOLs
      • Other Foldable IOLs
    • PMMA IOLs
  • Corneal Implants
  • Ocular Prosthesis
  • Others

Based on material, the global ocular implants market can be categorized into:

  • Polyethylene
  • Hydroxyapatite
  • Aluminum Oxide
  • Medpor
  • Biodegradable Material
  • Silicone
  • Others

In terms of application, the global ocular implants market can be split into:

  • Glaucoma Surgery
  • Oculoplasty
  • Cataract Surgery
  • Drug Delivery
  • Age-related Macular Degeneration
  • Aesthetic Purpose
  • Others

Based on end-user, the global ocular implants market can be divided into:

  • Hospitals
  • Clinics
  • Specialty Eye Institutes
  • Ambulatory Surgical Centers

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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