In 2018, the global Ocular Implant Market was worth USD 11.1 billion, and it is predicted to increase at a CAGR of 6.7 percent over the next five years. The need for ocular implants is increasing because of a rise in ophthalmic illnesses such as glaucoma, scleritis, and Age-Related Macular Degeneration (AMD). Dry eye and diabetic retinopathy are caused by a sedentary lifestyle, which can lead to diabetes, as well as eye strain from lengthy computer hours.
Furthermore, cataract is one of the primary causes of blindness, accounting for around 51.0 percent of all blindness worldwide. A cataract is an age-related condition, hence the market is being driven by the growing geriatric population. The Ocular Implant Market is growing because of technological developments, increased acceptance of vision correction operations, and the rapid adoption of intraocular lenses for cataract surgery. A novel collagen glaucoma implant, for example, has been created that prevents scar formation and is biodegradable.
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