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Classified in: Health, Covid-19 virus
Subject: MRR

Ocular Implants Market Size to Grow by USD 1.82 Bn, Vendors to Deploy Organic and Inorganic Growth Strategies - Technavio


NEW YORK, Oct. 7, 2022 /PRNewswire/ -- The "Ocular Implants Market by Product (IOLs, corneal implants, glaucoma implants, and ocular prostheses) and Geography (North America, Europe, Asia, and Rest of World (ROW)) - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. The potential growth difference for the ocular implants market size between 2021 and 2026 is USD 1.82 billion. To get the exact yearly growth variance and the Y-O-Y growth rate, Request a FREE PDF Sample Report

Vendor Landscape

The ocular implants market is fragmented because of the presence of several global and regional vendors. Vendors are deploying organic and inorganic growth strategies to compete in the market. Global vendors have a strong foothold in the market, with a wide range of flagship products. These vendors are focusing on innovation and technological advances to remain competitive in terms of quality, brand, and reliability. In addition, they are strengthening their customer base by improving their product offerings and expanding their geographic reach. The competition in the global ocular implants market is expected to intensify, as new companies are coming up with innovative products.

Key Market Dynamics

The increasing prevalence of ophthalmic diseases is driving the ocular implants market growth. However, factors such as the high cost of premium ocular implants may challenge the market growth during the forecast period.

Technavio has identified key trends, drivers, and challenges in the market, which will help vendors improve their strategies to stay ahead of their competitors. View our FREE PDF Sample Report

Market Segmentation

By product, the IOLs segment will be the largest contributor to market growth during the forecast period. The growth of this segment is attributed to factors such as the increasing focus of vendors on manufacturing innovative products. There are various types of IOLs in the market, such as foldable IOLs, silicone IOLs, single-piece IOLs, and three-piece IOLs. IOL implant surgeries are successful surgical procedures. Every year, more than 15 million IOLs are implanted globally. The reason for the rise in the number of these surgeries is the increasing aging population and the rising demand for high-quality vision care products.

By geography, North America will account for 36% of the market's growth during the forecast period. This growth is attributed to factors such as the rise in public healthcare expenditure. The US is the key country for the ocular implants market in North America. Moreover, market growth in this region will be faster than the growth of the market in ROW.

View our FREE PDF Sample Report for additional insights into the contribution of all the segments and regional opportunities in the report.

Some Companies Mentioned

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Ocular Implants Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 7.26%

Market growth 2022-2026

USD 1.82 billion

Market structure

Fragmented

YoY growth (%)

6.34

Regional analysis

North America, Europe, Asia, and Rest of World (ROW)

Performing market contribution

North America at 36%

Key consumer countries

US, Germany, France, UK, and China

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

AJL Ophthalmic SA, Bausch Health Companies Inc., Becton Dickinson and Co., Care Group Sight Solution Pvt. Ltd., Carl Zeiss AG, CorNeat Vision Ltd, EyeD Pharma s.a., F.AD. Muller Sohne GmbH and Co. KG, Glaukos Corp, Gulden Ophthalmics, HOYA Corp., HumanOptics Holding AG, Johnson and Johnson, Morcher GmbH, NIDEK Co. Ltd, Novartis AG, Omni Lens Pvt Ltd, Ophtec BV, Rayner Intraocular Lenses Ltd., and Second Sight Medical Products Inc.

Market Dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Browse Health Care Market Reports

Key Topics Covered

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by Product

6 Customer Landscape

7 Geographic Landscape

8 Drivers, Challenges, and Trends

9 Vendor Landscape

10 Vendor Analysis

11 Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email:[email protected]
Website: www.technavio.com/

SOURCE Technavio


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