Market Overview:
The global implantable presbyopia correction devices market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The increasing prevalence of presbyopia, technological advancements in the field of implantable presbyopia correction devices, and rising demand for minimally invasive procedures are some of the major factors driving the growth of this market. Based on type, the global implantable presbyopia correction devices market can be segmented into corneal inlays and scleral implants. The corneal inlay segment is expected to account for a larger share than the scleral implant segment during the forecast period. This is mainly due to factors such as ease of insertion and removal, low incidence of adverse effects, and growing demand for premium vision solutions. Based on application, the global implantable presbyopia correction devices market can be divided into three segments: age 40-50 years, age 50-65 years, and age above 65 years. The age 50-65 years segment is expected to account for a larger share than other segments during the forecast period owing to rising geriatric population across globe coupled with increasing awareness about available treatment options for correcting presbyopia.
Product Definition:
An implantable presbyopia correction device is a medical device used to correct presbyopia, a condition that affects the ability to see close-up. Implantable presbyopia correction devices may include lenses or corneal inlays. These devices are surgically implanted in the eye and can improve near vision for people who have difficulty seeing close-up.
Corneal Inlays:
Corneal inlays are thin pieces of tissue that is placed in the cornea to improve its refractive properties. It works by changing the shape of the cornea, thereby increasing its power to focus on near objects.
Scleral Implants:
Scleral implants are used for the treatment of presbyopia. Presbyopia is a condition in which the eyes have difficulty in focusing on near objects. The normal range of vision for most people ends at about 20/40 and gets progressively worse as we get older. At some point, almost everyone experiences some degree of presbyopia, but it can lead to serious problems if not treated properly.
Application Insights:
The age 40-50 segment held the largest share of the global market in 2017. The growing geriatric population is one of the major factors driving this growth. As per a United Nations (UN) study, it has been estimated that by 2050, the number of people aged 60 and above will reach up to quadrillion or 1.7 billion from current level of around 2 billion globally. This demographic group requires presbyopia correction surgery to read text easily as they have difficulty in focusing on closeup tasks and reading small print due to their long eye-relaxation time as compared to young adults and children respectively.
The application segment for these implants includes patients aged 50 years.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing cases of presbyopia, high adoption rate of advanced technologies, presence of well-established healthcare facilities and availability of skilled professionals in this region. In addition, rising awareness about refractive surgery among people is also contributing towards growth in this region.
Asia Pacific is anticipated to witness a lucrative CAGR over the forecast period owing to factors such as improving healthcare infrastructure and growing target population base with high disposable income coupled with rising vision correction surgeries due to changing lifestyles resulting into shortsightedness or nearsightedness (mysopia). Moreover, increasing medical tourism for vision correction procedures will drive regional growth during the estimated time span from 2018 till 2030 (see Table 1).
Growth Factors:
- Increasing geriatric population: The global geriatric population is expected to grow at a CAGR of 6.5% from 2016 to 2020, owing to the increase in life expectancy and the growth in the number of people aged 65 years and above. This will result in an increase in demand for implantable presbyopia correction devices, as these devices are used for treating presbyopia.
- Rising prevalence of eye disorders: The prevalence of various eye disorders such as cataract, glaucoma, age-related macular degeneration (AMD), and diabetic retinopathy is increasing due to the aging population and rising incidence of lifestyle-associated diseases such as diabetes mellitus. This is expected to drive demand for implantable presbyopia correction devices over the next few years.
- Technological advancements: The development of new technologies has led to significant advancements in implantable presbyopia correction devices over the past few years, thereby enhancing their efficacy and safety profile. This is likely to boost adoption rates over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Implantable Presbyopia Correction Devices Market Research Report
By Type
Corneal Inlays, Scleral Implants
By Application
Age 40-50, Age 50-65, Age above 65
By Companies
AcuFocus, Revision Optics (Closed in Feb 2018), Refocus, Presbia
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
174
Number of Tables & Figures
122
Customization Available
Yes, the report can be customized as per your need.
Global Implantable Presbyopia Correction Devices Market Report Segments:
The global Implantable Presbyopia Correction Devices market is segmented on the basis of:
Types
Corneal Inlays, Scleral Implants
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Age 40-50, Age 50-65, Age above 65
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- AcuFocus
- Revision Optics (Closed in Feb 2018)
- Refocus
- Presbia
Highlights of The Implantable Presbyopia Correction Devices Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Corneal Inlays
- Scleral Implants
- By Application:
- Age 40-50
- Age 50-65
- Age above 65
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Implantable Presbyopia Correction Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Implantable presbyopia correction devices (IPCDs) are medical devices that help people with presbyopia see better by correcting their vision. IPCDs are inserted into the eye and work to change the way light is focused on the retina, which can improve a person's vision.
Some of the major players in the implantable presbyopia correction devices market are AcuFocus, Revision Optics (Closed in Feb 2018), Refocus, Presbia.
The implantable presbyopia correction devices market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Implantable Presbyopia Correction Devices Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Implantable Presbyopia Correction Devices Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Implantable Presbyopia Correction Devices Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Implantable Presbyopia Correction Devices Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Implantable Presbyopia Correction Devices Market Size & Forecast, 2020-2028
4.5.1 Implantable Presbyopia Correction Devices Market Size and Y-o-Y Growth
4.5.2 Implantable Presbyopia Correction Devices Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Corneal Inlays
5.2.2 Scleral Implants
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Age 40-50
6.2.2 Age 50-65
6.2.3 Age above 65
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Implantable Presbyopia Correction Devices Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Implantable Presbyopia Correction Devices Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Corneal Inlays
9.6.2 Scleral Implants
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Age 40-50
9.10.2 Age 50-65
9.10.3 Age above 65
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Corneal Inlays
10.6.2 Scleral Implants
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Age 40-50
10.10.2 Age 50-65
10.10.3 Age above 65
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Corneal Inlays
11.6.2 Scleral Implants
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Age 40-50
11.10.2 Age 50-65
11.10.3 Age above 65
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Corneal Inlays
12.6.2 Scleral Implants
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Age 40-50
12.10.2 Age 50-65
12.10.3 Age above 65
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Corneal Inlays
13.6.2 Scleral Implants
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Age 40-50
13.10.2 Age 50-65
13.10.3 Age above 65
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Implantable Presbyopia Correction Devices Market: Competitive Dashboard
14.2 Global Implantable Presbyopia Correction Devices Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AcuFocus
14.3.2 Revision Optics (Closed in Feb 2018)
14.3.3 Refocus
14.3.4 Presbia
