Ocular implants are medical devices designed to replace a damaged or missing visual organ to restore vision or to improve visual appearance. Ocular implants such as ocular prostheses are artificial eyes used by people to improve facial lineaments damages due to an eyes disease or trauma. Cosmetic rehabilitation for these patients through the implantation of ocular prosthesis helps in resorting the patients’ confidence by improving their external appearance.
As of 2022, the Global Ocular Implant Market is estimated to be valued at U.S$ 15,347.9 Million and is expected to exhibit a CAGR of 7.3% during the year (2022-2030)
Major Players in the Ocular Implant Industry:
1) Novartis AG
Novartis AG is a Swiss pharmaceutical corporation founded in March 1996 by Johann Rudolf The headquarters are located in Basel Switzerland, Cambridge, The United States of America and Massachusetts. It is one of the largest Pharma based company incorporated. The drugs manufactured are sold worldwide. Total revenue earned as of 2022 is US 50.545 billion dollars.
In June, 2022 Novartis completed the acquisition of Kedalion Therapeutics and its AcuStream technology.
2) Johnson & Johnson services
Johnson & Johnson is a Pharmaceutical industry and a medical technological industry founded in the year 1886. The company was founded by Robert Wood Johnson, James Wood Johnson, Edward Mead Johnson. Its headquarters are located in New Brunswick, New Jersey, U.S. The company has globally sold products worth $93.8 billion during 2021. The company has 250 subsidiaries.
In December 2022, Johnson & Johnson Completed the acquisition of Abiomed Inc. a medical technology company that provides circulatory and oxygenation support.
3) Pfizer Inc.
Pfizer Inc. is a pharmaceutical and biotechnology company based in America. It was founded in the year 1849. Pfizer manufactures and produces vaccines and medicine related to oncology, neurology, cardiology, and immunology. The corporation has produced various products that yield more than US$1 billion in annual revenue. The company ranked 64th on the Fortune 500 and 49th on the Forbes Global 2000. The headquarters are located in New York City, U.S. and the products manufactured are sold worldwide. The company was founded by Charles Pfizer and Charles F. Erhart.
In 2022, the company acquired Arena Pharmaceuticals for US$ 6.7 Billion. In October 2022, Pfizer completed the acquisition Biohaven Pharma for US$ 11.6 Billion
4) Bausch & Lomb
Bausch & Lomb is an eye health products company. It is one of the world’s largest suppliers of contact lenses, lens care products, pharmaceuticals, intraocular lenses, and other eyes surgery products. The company was founded in Rochester, New York in the year 1853, and the headquarters are located in Vaughan, Ontario, Canada. The company was founded by John Bausch and Henry Lomb.
As of January 2023, Bausch & Lomb completed the acquisition of AcuFocus, a privately held ophthalmic medical device company.
5) Ophtec B.V.
Ophtec B.V. is a medical equipment industry that has the primary goal of working closely with ophthalmologists to create high-quality products and solutions in order to help people regain natural vision. The company was founded in the year 1983 and the headquarters are located in Groningen.
In December 2022, Ophtec announced that their injector system for PRECIZON IOLs is CE approved and first successful implantation in Germany
6) Carl Zeiss AG
Carl Zeiss AG branded as ZEISS, is a German manufacturer of optical systems and optoelectronics. The products developed by the company include Semiconductor lithography equipment, light, electron and ion microscopes, coordinate-measuring machines, planetarium projects etc. The company was founded in the year 1846, and the headquarters are located in Oberkochen, Baden-Wurttemberg, Germany. The company was founded by Carl Zeiss.
In April 2022, Zeiss completed the acquisition of Katalyst Surgical and in January 2023, acquired LENSO
