Ocular Adhesives & Sealants Market to Grow with a CAGR of 6.64% through 2028
Increasing advancements in ophthalmic surgery and
growing trend toward minimally invasive eye surgeries are factors driving the
Global Ocular Adhesives & Sealants Adhesives Market in the forecast period
2024-2028.
According to TechSci Research report, “Ocular
Adhesives & Sealants Market – Global Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2028”, the Global Ocular Adhesives &
Sealants Adhesives Market has valued at USD 169.47 million in 2022 and is
anticipated to project robust growth in the forecast period with a CAGR of 6.64% through 2028.
Technological advancements have been instrumental in
driving innovation and growth within the global Ocular Adhesives & Sealants
Market. These advancements have ushered in a new era of precision, safety, and
effectiveness in ocular surgeries, treatments, and medical devices.
One significant technological advancement is the
development of bioadhesives specifically designed for ocular applications.
These adhesives are bio-compatible and can adhere to delicate ocular tissues,
providing secure and long-lasting sealing in surgeries, such as corneal grafts
or cataract extractions. Their biocompatibility reduces the risk of
post-operative complications and promotes faster healing.
Furthermore, the evolution of surgical techniques has
been greatly influenced by technological innovations. For instance,
micro-invasive glaucoma surgery (MIGS) and minimally invasive vitreoretinal
surgery (MIVS) have become possible due to the development of advanced ocular
adhesives and sealants. These techniques offer less invasive options for
treating conditions like glaucoma and retinal disorders, resulting in reduced
patient discomfort and quicker recovery times.
Another significant advancement is the incorporation
of nanotechnology into ocular adhesives. Nanoparticles can enhance the
mechanical properties and biocompatibility of these adhesives, making them even
more suitable for intricate ocular surgeries. Additionally,
nanotechnology-enabled drug delivery systems are being explored to provide
targeted treatment for ocular diseases.
Technological progress has also extended to the field
of ophthalmic devices, where adhesives are used in products like contact lenses
and intraocular lenses. Innovations in adhesive materials have led to more
comfortable and secure lens designs, improving the quality of vision correction
and reducing the risk of complications.
In recent years, biodegradable and smart adhesives
have emerged as promising developments in the ocular field. These adhesives can
dissolve or release therapeutic agents as needed, offering potential solutions
for conditions like dry eye syndrome or glaucoma management.
Moreover, advancements in imaging technologies, such
as optical coherence tomography (OCT), have improved diagnosis and treatment
planning in ophthalmology. The precise visualization of ocular structures
enables surgeons to apply adhesives and sealants with greater accuracy.
In conclusion, technological advancements in the
global Ocular Adhesives & Sealants Market have transformed ocular
surgeries, treatments, and devices. These innovations have not only improved
patient outcomes but also expanded the range of therapeutic options available
to ophthalmologists, paving the way for a brighter future in ocular healthcare.
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Adhesives & Sealants Market”
The Global Ocular Adhesives & Sealants Market is
segmented into products, application, end user, regional distribution, and
company.
Based on the Product,
the natural segment emerged as the dominant player in the global market
for Ocular Adhesives & Sealants Adhesives due to its inherent advantages in
terms of biocompatibility and safety. Ocular procedures involve delicate eye
tissues and require adhesive solutions that pose minimal risk of adverse
reactions or complications. Natural adhesives, often derived from biological
sources, align well with the ocular environment, reducing the likelihood of
tissue irritation or rejection.
The Ophthalmic Clinics segments are
projected to experience rapid growth during the forecast period. Ophthalmic
clinics are specialized healthcare facilities dedicated exclusively to eye
care, including diagnostic evaluations, surgeries, and post-operative care. Ophthalmic clinics are staffed with highly
trained ophthalmologists and eye care professionals who possess specialized
knowledge and skills in the field. Their expertise ensures the safe and
effective use of ocular adhesives and sealants in delicate eye surgeries and
treatments. These clinics are equipped with state-of-the-art ophthalmic
instruments and technologies, enabling precise and minimally invasive
procedures that rely on ocular adhesives. The availability of advanced
equipment enhances the demand for these adhesives.
Ophthalmic clinics prioritize patient
care and comfort, making them ideal settings for procedures requiring ocular
adhesives. Patients often choose these specialized clinics for their eye care
needs, contributing to the segment's prominence. Ophthalmic clinics offer a
wide range of services, including cataract surgery, corneal transplants, and
retinal detachments, all of which utilize ocular adhesives and sealants
extensively.
The North America region is poised to experience
robust growth during the forecast period, one pivotal driver is the rising
prevalence of ocular disorders in North America. This region has witnessed an
alarming increase in eye conditions, including cataracts, glaucoma, myopia,
hyperopia, and eye injuries. According to a report published by the American
Academy of Ophthalmology in 2022, these statistics reveal the pressing need for
advanced eye care solutions. Approximately 24.4 million Americans aged 40 and
older are affected by cataracts, with half of all Americans developing
cataracts by the age of 75. Glaucoma impacts over 2.7 million Americans aged 40
and older, while legal blindness affects more than 1.3 million individuals in
the same age group. Furthermore, myopia is prevalent, impacting 34 million
Americans aged 40 and older, while hyperopia affects close to 14.2 million
people in this age bracket. Eye injuries, occurring at a rate of 2.4 million
incidents annually in the U.S., further underscore the need for advanced eye
care solutions.
North America's strong position in the ophthalmic
surgical instruments market is also bolstered by its well-built healthcare
infrastructure. The region boasts state-of-the-art medical facilities, a robust
network of eye care clinics, and a high level of accessibility to healthcare
services. Additionally, North America is home to a skilled and highly trained
cadre of ophthalmic surgeons who rely on advanced surgical instruments to
provide precise and effective treatments.
Moreover, the presence of key market players in North
America contributes significantly to its leadership in the ophthalmic surgical
instruments sector. These established companies continually innovate and
introduce advanced instruments that cater to the evolving needs of healthcare
professionals and patients seeking cutting-edge eye care.
Major companies operating in Global Ocular
Adhesives & Sealants Market are:
- B. Braun Melsungen AG
- Ocular Therapeutix, Inc.
- Reliance Life-Sciences
- Baxter
- Medtronic PLC
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“The global Ocular Adhesives & Sealants Market has
been experiencing robust growth in recent years, driven by several key factors.
These adhesives and sealants are essential in various ophthalmic surgical
procedures, including cataract surgeries and corneal transplants, as they help
secure tissues and prevent leaks.
One of the primary drivers of market growth is the
increasing prevalence of eye disorders and the rising aging population, which
demands more eye surgeries. Additionally, advancements in adhesive technology
have led to the development of safer and more effective products, further
boosting market expansion.
Furthermore, the COVID-19 pandemic has highlighted the
significance of maintaining eye health, as prolonged screen time has led to a
surge in eye-related issues, thus increasing the demand for ocular adhesives
and sealants.
The market is characterized by intense competition,
with key players investing in research and development to innovate and launch
new products. As a result, the global Ocular Adhesives & Sealants Market is
poised for continued growth in the coming years, with an increasing focus on
product efficiency, safety, and customization to meet the evolving needs of
ophthalmic surgeons and patients,” said Mr. Karan Chechi, Research Director
with TechSci Research, a research-based management consulting firm.
Ocular Adhesives & Sealants Market- Global
Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented by
Product (Natural and Synthetic), By Application (Conjunctival Surgery, Corneal
Surgery, Refractive Surgery, Tissue Engineering, and Vitreo-Retinal Surgery), By
End User (Ambulatory Surgical Centers, Hospitals, and Ophthalmic Clinics), By
Region and competition”, has evaluated the future growth potential of Global
Ocular Adhesives & Sealants Market and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Ocular Adhesives & Sealants Market.
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