Enucleation is an ocular surgery that results in removal of the eye, leaving the eye muscles and orbital content intact. The surgery is used to treat ocular tumor. Evisceration is a surgery involving removal of the iris, the cornea, and contents of the internal eye, leaving the sclera and the attached extraocular muscles intact. Orbital implants are used to restore the visual appearance of the patient’s eyes distorted due to removal of the eye by enucleation and evisceration surgeries. Orbital implants are used by surgeons after removal of the eye to enhance the motility of ocular prosthesis and the eyelids and to restore the volume to the eye socket. These implants are available in various shapes and sizes. Orbital implants are classified into porous and non-porous implants.
Rise in awareness among people regarding novel treatment of eye diseases and blindness, increase in health care expenditure, and favorable reimbursement policies of public and private players for surgical procedures are factors driving the global orbital implants market. Increase in reimbursement and advancements in ocular surgeries, and rising prevalence of ocular cancer due to sedentary lifestyle are expected to boost the orbital implants market during the forecast period. Increasing prevalence of intraocular malignancies, severe oculo-orbital traumas, and other life-threatening conditions, which leads to removal of the patient’s eyes, is augmenting the orbital implants market. Technological advancements in the design of implants and selection of suitable material for construction of orbital implants provide growth opportunity for key market players. Rising incidence of blindness and government initiatives for vision care management are likely to boost the global orbital implants market. High cost of orbital implants and implant surgery procedures are major restraining factors for the orbital implants market.
The global orbital implants market has been segmented based on type of implant, material, indication, end-user, and region. In terms of type of implant, the market can be segmented into non-integrated implants, semi-integrated implants, integrated implants, bio-integrated implants, and biogenic implants. Based on material, the global orbital implants market has been segmented into polyethylene, hydroxyapatite, aluminum oxide, poly (methylmethacrylate), silicone, and others. The polyethylene segment is likely to expand during the forecast period, owing to advantages such as stimulating fibrovascular ingrowth, which reduces the chances of extrusion and improves motility. A bio-ceramic orbital implant is made of aluminum oxide. This is a new generation of porous implants. It does not dissolve in the body fluids and does not release any soluble components. Based on indication, the global orbital implants market has been segregated into ocular cancer, severe eye injury, end-stage glaucoma, congenital cystic eye, and others. Based on end-user, the market has been divided into hospitals, ophthalmic clinics, ambulatory surgery centers, and others.
Geographically, the global orbital implants market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounts for a leading share of the global orbital implants market, owing to increase in elderly population, favorable reimbursement scenario, and growing prevalence of ocular cancer led by sedentary lifestyle in the region. Asia Pacific is likely to offer high potential for growth of the orbital implants market during the forecast period, owing to rising prevalence of diabetes and increasing government expenditure on health care in the region. Increase in the incidence of blindness and penetration of the lucrative market in Asia Pacific by key players owing to large population base are likely to augment the orbital implants market in China and India from 2017 to 2025.
Key players operating in the global orbital implants market are Stryker Corporation, Bio-Eye Orbital Implants, Spectrum Surgical Pty Ltd., Devine Medihealth, IOP Ophthalmics, MOLTENO Ophthalmic Ltd, AJL Ophthalmic S.A., FCI Ophthalmics, and Porex Surgical Group.
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
- 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.