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Global Ocular Implants Market: By Product: Intraocular Lenses, Orbital Implants, Ocular Prosthesis, Glaucoma Implants; By Application: Oculoplasty, Glaucoma Surgery, Drug delivery; By End Use; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Ocular Implants Market Outlook
The global ocular implants market is projected to grow at a CAGR of 6% between 2021 and 2026.
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Rising Cases of Eye-related Disorders to Boost the Market Growth of Ocular Implants
The ocular impants industry is being driven by the prevalence of eye-related diseases in emerging and developing nations, which has posed possible threats to the population in the regions. Undiagnosed and untreated refractive defects, cataracts, age-related macular degeneration, glaucoma, diabetic retinopathy, corneal opacity and trachoma are the primary causes for vision deficiency. The most common and leading causes of blindness worldwide are cataract and uncorrected refractive errors. Cataract vision deficiency is higher in low- and middle-income countries than in high-income countries, while in developed countries, diabetic retinopathy, glaucoma, and age-related macular degeneration are more prevalent.
Cataract is one of the major causes of blindness and accounts for nearly 51% of blindness in the world. Cataract is an age-related illness; the growth of the geriatric population is also pushing the demand. During the forecast period, North America is projected to have the significant market share of the global market for ocular implants. The availability of advanced machinery for the treatment of chronic diseases, together with simple reimbursement schemes is projected to be the key growth driver of the increasing demand for ocular implants in the region.
Ocular Implants: Industry Definition and Segmentation
Ocular implants are described as surgically inserted artificial devices used after enucleation, evisceration, or orbital exenteration to restore vision sharpness. Ocular implant size, form, and strength depend on the particular patient. For ocular implants, various non-integrated and integrated components, including hydroxyapatite, Medpor, and bio-ceramic, are used.
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By product, the market is divided into:
- Intraocular Lenses
- Orbital Implants
- Ocular Prosthesis
- Glaucoma Implants
- Corneal Implants
- Others
On the basis of application, the market is segmented into:
- Oculoplasty
- Glaucoma Surgery
- Drug delivery
- Age-Related Macular Degeneration (AMD)
- Others
Based on end use, the market is segmented into:
- Hospital
- Clinics
- Specialty Eye Institutes
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Increasing Importance of Aesthetic Value to Propel the Market for Ocular Implants
In recent years, the market has witnessed a wide number of technological advances. For people with extreme vision loss due to dry atopic form of age-related macular degeneration, many technical developments are currently undergoing a feasibility trial in the U.S. and France. In addition, the introduction of microinvasive glaucoma technologies is expected to drive the demand for patients suffering from glaucoma. Advanced intraocular lenses and corneal implants that resolve the issues of currently existing implantable devices are other such developments. For those who have experienced eye damage, the ocular prosthesis gives a facial aesthetic appeal. There are different types of glass, plastic, and scleral shell implantable ocular prostheses available in the market. Further, the growing shift towards the adoption of ocular prosthetic cryolite glass, is boosting the market growth of ocular implants.
Key Industry Players in the Global Ocular Implants Market
The report gives a detailed analysis of the following key players in the global ocular implants market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds.
- Alcon Vision LLC
- Carl Zeiss Meditec AG
- Johnson & Johnson Vision Care, Inc.
- MORCHER GmbH
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Ocular Implants Market Analysis
8.1 Key Industry Highlights
8.2 Global Ocular Implants Historical Market (2016-2020)
8.3 Global Ocular Implants Market Forecast (2021-2026)
8.4 Global Ocular Implants Market by Product
8.4.1 Intraocular Lenses
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2016-2020)
8.4.1.3 Forecast Trend (2021-2026)
8.4.2 Orbital Implants
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2016-2020)
8.4.2.3 Forecast Trend (2021-2026)
8.4.3 Ocular Prosthesis
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2016-2020)
8.4.3.3 Forecast Trend (2021-2026)
8.4.4 Glaucoma Implants
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2016-2020)
8.4.4.3 Forecast Trend (2021-2026)
8.4.5 Corneal Implants
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2016-2020)
8.4.5.3 Forecast Trend (2021-2026)
8.4.6 Others
8.5 Global Ocular Implants Market by Application
8.5.1 Oculoplasty
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2016-2020)
8.5.1.3 Forecast Trend (2021-2026)
8.5.2 Glaucoma Surgery
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2016-2020)
8.5.2.3 Forecast Trend (2021-2026)
8.5.3 Drug delivery
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2016-2020)
8.5.3.3 Forecast Trend (2021-2026)
8.5.4 Age-Related Macular Degeneration (AMD)
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2016-2020)
8.5.4.3 Forecast Trend (2021-2026)
8.5.5 Others
8.6 Global Ocular Implants Market by End Use
8.6.1 Hospital
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2016-2020)
8.6.1.3 Forecast Trend (2021-2026)
8.6.2 Clinics
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2016-2020)
8.6.2.3 Forecast Trend (2021-2026)
8.6.3 Specialty Eye Institutes
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2016-2020)
8.6.3.3 Forecast Trend (2021-2026)
8.6.4 Others
8.7 Global Ocular Implants Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2016-2020)
9.1.2 Forecast Trend (2021-2026)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2016-2020)
9.2.2 Forecast Trend (2021-2026)
9.2.3 Breakup by Country Kingdom
9.2.3.1 United
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2016-2020)
9.3.2 Forecast Trend (2021-2026)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2016-2020)
9.4.2 Forecast Trend (2021-2026)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2016-2020)
9.5.2 Forecast Trend (2021-2026)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Alcon Vision LLC
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Carl Zeiss Meditec AG
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Johnson & Johnson Vision Care, Inc.
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 MORCHER GmbH
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Others
13 Industry Events and Developments
List of Figures and Tables
1. Global Ocular Implants Market: Key Industry Highlights, 2016 and 2026
2. Global Ocular Implants Historical Market: Breakup by Product (USD Billion), 2016-2020
3. Global Ocular Implants Market Forecast: Breakup by Product (USD Billion), 2021-2026
4. Global Ocular Implants Historical Market: Breakup by Application (USD Billion), 2016-2020
5. Global Ocular Implants Market Forecast: Breakup by Application (USD Billion), 2021-2026
6. Global Ocular Implants Historical Market: Breakup by End Use (USD Billion), 2016-2020
7. Global Ocular Implants Market Forecast: Breakup by End Use (USD Billion), 2021-2026
8. Global Ocular Implants Historical Market: Breakup by Region (USD Billion), 2016-2020
9. Global Ocular Implants Market Forecast: Breakup by Region (USD Billion), 2021-2026
10. North America Ocular Implants Historical Market: Breakup by Country (USD Billion), 2016-2020
11. North America Ocular Implants Market Forecast: Breakup by Country (USD Billion), 2021-2026
12. Europe Ocular Implants Historical Market: Breakup by Country (USD Billion), 2016-2020
13. Europe Ocular Implants Market Forecast: Breakup by Country (USD Billion), 2021-2026
14. Asia Pacific Ocular Implants Historical Market: Breakup by Country (USD Billion), 2016-2020
15. Asia Pacific Ocular Implants Market Forecast: Breakup by Country (USD Billion), 2021-2026
16. Latin America Ocular Implants Historical Market: Breakup by Country (USD Billion), 2016-2020
17. Latin America Ocular Implants Market Forecast: Breakup by Country (USD Billion), 2021-2026
18. Middle East and Africa Ocular Implants Historical Market: Breakup by Country (USD Billion), 2016-2020
19. Middle East and Africa Ocular Implants Market Forecast: Breakup by Country (USD Billion), 2021-2026
20. Global Ocular Implants Market Structure
Key Questions Answered in the Report
In 2020, the global virtual fitting room market attained a value of nearly USD 3.8 billion.
The market is projected to grow at a CAGR of 18% between 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach USD 10.5 billion by 2026.
The major drivers of the industry are increasing usage of smartphones, the rising online buying habits, and advancements in technology.
Increasing IT spending in the retail industry, virtual reality (VR) and augmented reality (AR) deployments are the key industry trends of the market.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading components of virtual fitting room in the market are hardware (prefabricated, customised, and others), software (software tools, platforms, and others), and services (consulting, integration services, and support and maintenance).
The major application segments in the industry are apparel, eyewear, jewellery and watches, and beauty and cosmetics, among others.
The significant end use sectors in the market are physical store and virtual store.
The major players in the industry are ELSE Corp Srl, Autumn Rock Limited, Magic Mirror, Fit Analytics GmbH, True Fit Corporation, and FXGear Inc., among others.
Analyst Review
The global virtual fitting room market attained a value of USD 3.8 billion in 2020, driven by the rising usage of smartphones. Aided by the growing IT spending in the retail industry, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 18%. The market is projected to reach USD 10.5 billion by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on component, the market is segmented into hardware (prefabricated, customised, and others), software (software tools, platforms, and others), and services (consulting, integration services, and support and maintenance). By application, the industry is divided into apparel, eyewear, jewellery and watches, and beauty and cosmetics, among others. On the basis of end use, the market is bifurcated into physical store and virtual store. The major regional markets for virtual fitting room are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include ELSE Corp Srl, Autumn Rock Limited, Magic Mirror, Fit Analytics GmbH, True Fit Corporation, and FXGear Inc., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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