The global market for ophthalmological applications of biomaterials is witnessing steady growth, driven by an aging population, a rising prevalence of eye diseases, and advancements in biomaterials science. According to a report by Transparency Market Research, the global ophthalmic devices market is projected to reach around $58 billion by 2025, at a CAGR of around 4% from 2017. Biomaterials are pivotal in developing intraocular lenses, contact lenses, and other ocular implants. Despite regulatory challenges and high costs, the innovation in ocular drug delivery systems and the advent of bio-inspired materials present substantial growth opportunities in this market.
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