Ocular Trauma Devices Market Size - By Product (Surgical Instruments, Intraocular Lenses (IOLs), Ocular Implants, Ophthalmic Viscoelastic Devices (OVDs)), By Application, By Trauma Severity, By End-use, & Global Forecast, 2023 – 2032
Published Date: July - 2024 | Publisher: MIR | No of Pages: 240 | Industry: Healthcare | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationOcular Trauma Devices Market Size
Ocular Trauma Devices Market was valued at around USD 3.1 billion in 2022 and is estimated to reach over USD 5 billion by 2032. The growing prevalence of eye disorders such as cataracts, hyperopia, diabetic retinopathy, and glaucoma among others is projected to boost the industry gains.
According to the National Eye Institute (NEI), in 2010, the estimated number of people suffering from cataract were 24 million and is expected to reach 50 million by 2050 in the U.S. Similarly, the number of people affected with age-related macular degeneration is predicted to reach 5.4 million by 2050 from 2.4 million in 2010. This substantial evolution in the number of people suffering from eye diseases is set to drive the adoption of ocular trauma devices to treat optical conditions. Integration of advanced robotic-assisted systems is gaining demand in various healthcare settings such as ophthalmology clinics and hospitals. These systems have been adapted by clinicians for eye surgeries, allowing for greater precision, stability, and minimally invasive procedures, especially in delicate operations comprising retinal surgery.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Ocular Trauma Devices Market Size in 2022 | USD 3.1 Billion |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 4.8% |
| 2032 Value Projection | USD 5 Billion |
| Historical Data for | 2018 to 2022 |
| No. of Pages | 180 |
| Tables, Charts & Figures | 266 |
| Segments covered | Product, Application, Trauma Severity, End-use, and Region |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
Ocular trauma devices refer to medical tools, instruments, or equipment specifically designed and used for the diagnosis, treatment, or management of eye injuries or trauma. These devices are essential to assess and address a wide range of eye injuries and conditions that result from physical trauma, accidents, or other external factors.
However, the lack of skilled ophthalmologists in many emerging nations has been a concern. Many emerging nations face challenges in establishing and maintaining medical education and training facilities for ophthalmologists. This can result in a shortage of qualified professionals. Successful examination and treatment of eye-related disorders require specialized skills and training for healthcare professionals, particularly ophthalmologists. These procedures involve using advanced medical equipment and technologies that demand precision and expertise.
COVID-19 Impact
The COVID-19 pandemic negatively influenced the ocular trauma devices market revenue, especially during the initial phase of 2020. The COVID-19 pandemic increased the burden on the healthcare sector around the globe as healthcare facilities were engaged in the treatment of patients affected by the coronavirus. Several ophthalmic clinics and hospitals around the world experienced a significant decline in the number of patient visits for treatment of eye disease and other related ailments. As these treatments require close contact during face-to-face clinical examination resulting in a high risk of infection. Many countries around the world including the U.S. declared a nationwide national emergency in response to the COVID-19 outbreak. Elective surgical procedures in all outpatient and inpatient facilities were limited.
Ocular Trauma Devices Market Trends
Rising advancements in ophthalmic devices intended to improve the comfort, safety, and overall well-being of individuals suffering from chronic eye diseases. Modern ocular trauma devices come equipped with unique features such as advanced ophthalmic imaging technology, smart contact lenses, and 3D printing among others. The integration of non-invasive imaging techniques such as optical coherence tomography (OCT) provides high-resolution cross-sectional images of the eye, enabling precise diagnosis and treatment of various eye conditions, including retinal detachment, macular degeneration, and glaucoma.
Moreover, the development of customized ocular prosthetics, AI for ophthalmology diagnostics, and advanced IOLs among others have significantly improved the diagnosis, treatment, and management of eye injuries and diseases. According to the World Health Organization, 314 million people suffer from visual impairment worldwide, of that 269 million have low vision and 45 million are blind resulting in the need for more standardized ophthalmic treatments. The rising prevalence of ocular trauma and related ailments propels the demand for ocular trauma devices.
Ocular Trauma Devices Market Analysis
Imagine you need help with your vision, and you're exploring options beyond glasses or contacts. That's where ocular implants come in! These implants are like tiny devices that live inside your eye and help correct common vision issues like nearsightedness, farsightedness, and astigmatism. They can even give you sharper vision than glasses or contacts! Because they're customized just for you, implants can be tailored to your specific vision needs. Plus, with advances in surgery and materials, these procedures have become much safer than in the past. In fact, ocular implants are the most popular type of device used in eye surgeries. They've already helped millions of people around the world see better. So if you're looking for a long-term solution to your vision problems, consider joining the growing number of people who have discovered the amazing benefits of ocular implants!
Ocular implants can also be used in the treatment of conditions such as glaucoma, retinal diseases, and macular degeneration. Manufacturers are designing ocular implants to be long-lasting, providing patients with stable vision correction for many years. Researchers are exploring innovations such as smart lenses that can adjust focus dynamically, and retinal implants that restore vision in individuals with degenerative retinal diseases comprising retinitis pigmentosa.
Based on application, the ocular trauma devices market is segmented as trauma surgery, retinal detachment, cataract surgery, glaucoma management, and others. The trauma surgery segment was valued at over USD 1.1 billion in 2022 attributable to an increase in eye trauma operations, rising public awareness, etc. According to the American Academy of Ophthalmology, an estimated 2.4 million eye injuries occur in the U.S. every year and around 35% of all eye injuries occur in people 18 to 45 years of age.
Moreover, technological advancements in eye trauma surgeries such as minimally invasive surgical techniques, 3D visualization, and laser technology among other. The introduction of minimally invasive approaches, such as micro incisional vitrectomy surgery (MIVS), has become more common in eye trauma surgery. Smaller incisions required during these procedures lead to faster healing, reduced scarring, and less post-operative discomfort for patients during their operations.
When it comes to eye injuries, they can range from mild to moderate to severe. The most serious injuries, known as severe trauma, accounted for about $1.7 billion in medical expenses in 2022. Why are severe eye injuries so common? Well, it turns out that more people are getting them. As our population ages, more of us are at risk for falls and other accidents that can lead to eye injuries. Plus, we're all getting more aware of the importance of protecting our eyes, which is leading to more people seeking treatment for eye injuries. In the United States alone, about 24 million people have suffered an eye injury. That's a lot of people! And out of those 24 million, about 1.5 million have vision problems as a result of their injuries. If you experience a severe eye injury, it's crucial to get professional help as soon as possible. These injuries can be life-threatening and require surgery, including the use of special devices designed to treat eye trauma. The likelihood of experiencing a severe eye injury depends on several things, like where you live, how old you are, and what kind of activities you participate in.
Geographic regions with higher population densities such as emerging nations may experience a higher prevalence of severe trauma due to the increased probability of accidents and injuries. Moreover, increasing awareness and early diagnosis coupled with the availability of advanced trauma centers and specialized medical care will increase the demand for ocular trauma devices for the treatment of severe eye injuries.
Based on end-use, the ocular trauma devices market is segmented into hospitals, ophthalmic clinics, ambulatory surgical centers, and others. The hospital segment is projected to reach more than USD 2.5 billion by 2032. The surging use of ocular trauma devices in hospital settings delivering affordable and efficient treatment is estimated to surge the patient preference for these healthcare facilities. Increasing admissions with target disorders due to sedentary lifestyle and growing disease screening initiatives coupled with the availability of highly skilled healthcare professionals.Surging cataract, diabetic retinopathy, and glaucoma cases will significantly propel the diagnosis & treatment rate at hospitals.
The U.S. dominated the North America ocular trauma devices market is anticipated to expand at a considerable pace to reach around USD 1.7 billion by 2032 owing to the rising geriatric population, adoption of advanced technologies, growing healthcare expenditure, and favourable regulatory environment among others. The rising prevalence of chronic eye diseases along with the increasing geriatric population in the U.S. has created a significant demand for ocular trauma devices. Moreover, the country’s strong research and development focus, advanced healthcare infrastructure, and access to cutting-edge technologies.
Ocular Trauma Devices Market Share
Some of the major market players operating in the ocular trauma devices market are
- Alcon, Inc.
- Carl Zeiss Meditec
- Bausch + Lomb
- Haag-Streit Group
- IRIDEX Corporation
- Optos
- Topcon Corporation
- Leica Microsystems
- Sonomed Escalon
- Innovative Optics
- Johnson & Johnson Vision
- CooperVision
- Essilor Instruments
Ocular Trauma Devices Industry News
- In August 2023, Essilor introduced an innovative eye-responsive progressive lens powered by behavioral artificial intelligence (AI) called the Varilux XR Series. The innovation aims to transform the visual experience for patients. This Product launch may help the company to better meet the needs of the market.
- In August 2020, Johnson & Johnson Vision announced Health Canada approval for its TECNIS Synergy and TECNIS Eyhance to the Canadian market. TECNIS Synergy delivers continuous high-contrast vision for patients with cataracts. TECNIS Eyhance, provides high-quality vision at both intermediate and far distances. This product launch assisted the company in strengthening its market position significantly.
Ocular trauma devices market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD (million) from 2018 to 2032 for the following segments
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By Product, 2018 - 2032 (USD Million)
- Surgical Instruments
- Intraocular Lenses (IOLs)
- Ocular Implants
- Ophthalmic Viscoelastic Devices (OVDs)
- Others
By Application, 2018 - 2032 (USD Million)
- Trauma Surgery
- Retinal Detachment
- Cataract Surgery
- Glaucoma Management
- Others
By Trauma Severity, 2018 - 2032 (USD Million)
- Mild
- Moderate
- Severe
By End-use, 2018 - 2032 (USD Million)
- Hospitals
- Ophthalmic Clinics
- Ambulatory Surgical Centers
- Others
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Asia Pacific
- Japan
- China
- India
- Australia
- South Korea
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
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