Market Size of Eye Socket Implant Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
CAGR | 6.70 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Eye Socket Implant Market Analysis
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.