Eye Socket Implant Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented By Product Type (Glaucoma Implant, Corneal Implant, Intraocular Lens, Others), By Application and Geography.

Market Snapshot

Market Snapshot
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 6.7 %

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Market Overview

The Eye Socket Implant Market is expected to register a CAGR of 6.7% during the forecast period owing to the higher prevalence of eye diseases such as glaucoma, cataract, etc. A cataract is an eye disease that is usually characterized by clouding of the lens, the severity of which may further lead to vision impairment. According to the World Health Organization, around 65.2 million people suffered from cataracts in 2019. Furthermore, awareness campaigns organized by companies and other organizations related to eye diseases is expected to drive the market growth. For instance, in 2019, Allergan in association with Glaucoma Research Foundation (GRF) initiated a campaign “My Glaucoma” to grow awareness among people about the burden of glaucoma and its treatment. Hence, such initiatives are expected to impact positively on the eye socket implants market.

Scope of the Report

Eye implants are devices that are surgically placed in the eye socket to improve the vision. Eye Socket Implant Market is segmented By Product Type, Application and Geography.

By Product Type
Glaucoma Implant
Corneal Implant
Intraocular Lens
Others
By Application
Glaucoma
Age-related Maccular Degenration
Diabetic Retinopathy
Others
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Glaucoma Segment is Expected to Hold a Major Market Share in the Eye Socket Implant Market

• Glaucoma is expected to be a dominant segment in the eye socket implant market due to the higher prevalence and aging population. According to the World Health Organization, in 2019, approximately 6.9 million people worldwide were diagnosed with glaucoma.

• It is one of the major reasons for preventable vision impairment. Approximately 1 billion people suffer from blindness due to unaddressed glaucoma. Also, diabetic people are at high risk of causing glaucoma. According to the Centre for Disease Control and Prevention, in 2019, around 7.1 % of the population diagnosed with diabetes aged 45 years and above had glaucoma too.

Eye Socket Implant Market Trend.png

North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period

North America is expected to hold a major market share in the global eye socket implant market due to the growing aging population and associated eye disorders. According to Centre for Disease Control and Prevention, in 2019, the population aged over 45 years, suffering from diabetes, also suffered from cataracts with a prevalence of around 32.2%, 8.6% with diabetic retinopathy and 4.3% had macular degeneration in the United States. Furthermore, increasing product approvals related to eye socket implants is expected to fuel market growth. For instance, in 2019, Alcon received a US FDA (Food & Drug Administration) approval for AcrySof IQ PanOptix Trifocal IOL, a trifocal lens for intermediate and distance vision.

Eye Socket Implant Market - Growth Rate by Region-image

Competitive Landscape

Companies are taking initiatives in order to improve their presence in the market. For instance, in 2019, Alcon acquired Power Vision, Inc., a company dedicated to manufacturing fluid-based intraocular lens implants to extend its product line for eye socket implants. Some of the companies which are currently dominating the market are Carl Zeiss, Alcon, BVI (Physiol), AJL Ophthalmic SA (Addition Technology Inc.), Gulden Ophthalmics, Bausch & Lomb, FCI, Aurolab, Morcher GmbH and Staar Surgical

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Growing Burden of Eye Diseases

      2. 4.2.2 Rising Technological Advancements

    3. 4.3 Market Restraints

      1. 4.3.1 High Cost of Implants

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product Type

      1. 5.1.1 Glaucoma Implant

      2. 5.1.2 Corneal Implant

      3. 5.1.3 Intraocular Lens

      4. 5.1.4 Others

    2. 5.2 By Application

      1. 5.2.1 Glaucoma

      2. 5.2.2 Age-related Maccular Degenration

      3. 5.2.3 Diabetic Retinopathy

      4. 5.2.4 Others

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 South Korea

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 Middle-East and Africa

        1. 5.3.4.1 GCC

        2. 5.3.4.2 South Africa

        3. 5.3.4.3 Rest of Middle-East and Africa

      5. 5.3.5 South America

        1. 5.3.5.1 Brazil

        2. 5.3.5.2 Argentina

        3. 5.3.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 AJL Ophthalmic SA (Addition Technology Inc.)

      2. 6.1.2 Alcon

      3. 6.1.3 Aurolab

      4. 6.1.4 Bausch & Lomb

      5. 6.1.5 BVI (Physiol)

      6. 6.1.6 Carl Zeiss

      7. 6.1.7 Gulden Ophthalmics

      8. 6.1.8 Johnson & Johnson

      9. 6.1.9 Morcher GmbH

      10. 6.1.10 Staar Surgical

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments

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Frequently Asked Questions

The Eye Socket Implant Market market is studied from 2018 - 2026.

The Eye Socket Implant Market is growing at a CAGR of 6.7% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Carl Zeiss , Bausch & Lomb , Aurolab, Staar Surgical, Morcher GmbH are the major companies operating in Eye Socket Implant Market.

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