Ocular Implants Market to Reach $7.94 Billion by 2026 Driven by Recent Technological Advancements in Product R&D
The global “Ocular Implants Industry” is expected to gain traction on account of technological advancements in the ocular market. Fortune Business Insights offers a detailed overview of the global market in a report, titled, “Ocular Implants Market Size, Share & Industry Analysis, By Product (Intraocular Lenses, Glaucoma Implants, Ocular Prosthesis, Corneal Implants, Orbital Implants, Others), By Material (Non-integrated Implants, Integrated Implants), By Application (Glaucoma Surgery, Drug Delivery, Aesthetics, Oculoplasty, Others), By End-user (Hospitals, Specialty clinics, Eye Institutes) and Regional Forecast, 2019-2026.”
The report gives in-depth information about the factors that will drive the market growth in coming years. It further offers crucial insights about the prevailing trends in the ocular implants market. Furthermore, it also provides valuable information about the challenges or restraints the market could possibly witness.
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Out research methodology is robust and includes data triangulation based on bottom-up and top-down approaches. We validated the approximate market number with the help of primary research. Secondary research was conducted to find out detailed information about mergers & acquisitions, collaborations, joint ventures, and agreements. At the same time, we have derived significant information about the market dynamics associated with growth drivers, trends, and obstacles.
What does the Report Include?
The market report includes quantitative and qualitative analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers the different regions, which are contributing to the growth of the market. It includes the competitive landscape that involves leading companies and adoption of strategies by them to introduce new products, announce partnerships, and collaboration that will contribute to the growth of the market between 2020 and 2027. Moreover, the research analyst has adopted several research methodologies such as PESTEL and SWOT analysis to extract information about the current trends and industry developments that will drive the market growth in the forthcoming years.
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
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Leading Players operating in the Ocular Implants Market are:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
- Novartis AG
- Johnson & Johnson
- Surgical Vision Inc.
- Poriferous LLC
- Novamed Ltd
- Network Medical Products Ltd.
- Bausch & Lomb Incorporated
- STAAR Surgical
- Carl Zeiss Meditec AG
- MOCHER GmbH
- and other players.
Increasing Prevalence of Eye Diseases to Aid Market Growth
The rising prevalence of eye diseases such as cataract, glaucoma, age-related muscular degeneration, and others is expected to aid the growth of ocular implants market share during the forecast period. In addition to this, growing number of ophthalmic clinics in emerging countries is expected to cater to the faster adoption of ocular implants in cataract surgeries. Moreover, the glaucoma segment is expected to have a lion’s share of the market owing to the prevalence of glaucoma disease. As per the National Eye Institute, in 2014, 2.7 million Americans were suffering from glaucoma, which is estimated to reach up to 4.3 million by 2030 and will also boost the growth of the glaucoma segment. This is expected to affect the market positively.