Ocular Implant Market to Represent Healthy Growth by 2027 & COVID-19 Impact

The global population is becoming increasingly aware of the prevalence and treatment choices for various eye illnesses. This is mostly due to developments in ophthalmic diagnostic technology, as well as an increase in the availability of online tools that educate the public about the many treatment options. Furthermore, modern ocular equipment such as artificial eyes and glaucoma devices have become more popular as a result of this. One of the major factors driving the global Ocular Implant Market is technological improvements in ocular implants.

Market Trends

For people who have had their eyes damaged, an ocular prosthesis can improve their facial appearance. Implantable ocular prostheses are available in a variety of materials, including glass, acrylic, and scleral shell. The use of cryolite glass ocular prosthesis is becoming increasingly popular. This is due to the glass's reflection, which mimics the natural eye. Furthermore, advances in digital technology have made it possible to create an ocular prosthesis that is both rapid and precise. As a result of these circumstances, developed countries such as the United States, Germany, and Japan have begun to embrace glass ocular prosthesis.

 Market Drivers

As the prevalence of eye disorders such as cataracts and glaucoma rises, the need for ocular implants is expected to rise.

Cataract and glaucoma are the most common eye illnesses among the world's aging population. According to the World Health Organization (WHO), cataracts blind approximately 20 million people worldwide. Furthermore, according to an article released by the American Academy of Ophthalmology, global glaucoma prevalence is anticipated to rise to 76.0 million by 2020, up from 64.3 million in 2013.

According to the article, Asian countries have the highest prevalence. China, India, and Japan were among the countries with the largest populations of cataract sufferers. As a result of this growth, the use of intraocular lenses and glaucoma devices has increased. The Ocular Implant Market is expected to develop in the next years as a result of the aforementioned cases, as well as raising public awareness about different types of treatment alternatives.