Eye Socket Implant Market Size
| 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 |
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.
Eye Socket Implant Market Trends
This section covers the major market trends shaping the Eye Socket Implant Market according to our research experts:
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.
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 Industry Overview
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
Eye Socket Implant Market Leaders
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Carl Zeiss
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Bausch & Lomb
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Aurolab
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Staar Surgical
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Morcher GmbH
*Disclaimer: Major Players sorted in no particular order
Eye Socket Implant Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.2.1 Growing Burden of Eye Diseases
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4.2.2 Rising Technological Advancements
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4.3 Market Restraints
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4.3.1 High Cost of Implants
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4.4 Porter's Five Force Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Product Type
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5.1.1 Glaucoma Implant
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5.1.2 Corneal Implant
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5.1.3 Intraocular Lens
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5.1.4 Others
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5.2 By Application
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5.2.1 Glaucoma
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5.2.2 Age-related Maccular Degenration
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5.2.3 Diabetic Retinopathy
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5.2.4 Others
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5.3 Geography
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5.3.1 North America
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5.3.1.1 United States
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5.3.1.2 Canada
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5.3.1.3 Mexico
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5.3.2 Europe
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5.3.2.1 Germany
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5.3.2.2 United Kingdom
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5.3.2.3 France
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5.3.2.4 Italy
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5.3.2.5 Spain
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5.3.2.6 Rest of Europe
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5.3.3 Asia-Pacific
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5.3.3.1 China
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5.3.3.2 Japan
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5.3.3.3 India
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5.3.3.4 Australia
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5.3.3.5 South Korea
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5.3.3.6 Rest of Asia-Pacific
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5.3.4 Middle-East and Africa
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5.3.4.1 GCC
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5.3.4.2 South Africa
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5.3.4.3 Rest of Middle-East and Africa
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5.3.5 South America
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5.3.5.1 Brazil
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5.3.5.2 Argentina
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5.3.5.3 Rest of South America
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6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
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6.1.1 AJL Ophthalmic SA (Addition Technology Inc.)
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6.1.2 Alcon
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6.1.3 Aurolab
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6.1.4 Bausch & Lomb
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6.1.5 BVI (Physiol)
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6.1.6 Carl Zeiss
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6.1.7 Gulden Ophthalmics
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6.1.8 Johnson & Johnson
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6.1.9 Morcher GmbH
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6.1.10 Staar Surgical
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Eye Socket Implant Industry Segmentation
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 | ||||||||
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Eye Socket Implant Market Research FAQs
What is the current Eye Socket Implant Market size?
The Eye Socket Implant Market is projected to register a CAGR of 6.70% during the forecast period (2024-2029)
Who are the key players in Eye Socket Implant Market?
Carl Zeiss , Bausch & Lomb , Aurolab, Staar Surgical and Morcher GmbH are the major companies operating in the Eye Socket Implant Market.
Which is the fastest growing region in Eye Socket Implant Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Eye Socket Implant Market?
In 2024, the North America accounts for the largest market share in Eye Socket Implant Market.
What years does this Eye Socket Implant Market cover?
The report covers the Eye Socket Implant Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Eye Socket Implant Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Eye Socket Implant Industry Report
Statistics for the 2024 Eye Socket Implant market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Eye Socket Implant analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
