Global Corneal and Artificial Corneal Implants Market (2021-2028) – By Type, Transplant Type, Disease Indication, End User, and Geography – ResearchAndMarkets.com

DUBLIN – (COMMERCIAL THREAD)–The “Artificial Cornea and Corneal Implants Market Forecast to 2028 – COVID-19 Impact and Global Analysis by Type;” Type of transplant; Indication of disease; Final user “ report was added to ResearchAndMarkets.com offer.

The artificial cornea and corneal implants market will reach US $ 696.18 million by 2028 compared to US $ 421.86 million in 2021; it is expected to grow at a CAGR of 7.4% during 2021-2028.

The report highlights the prevailing trends in the market and the factors driving its growth. The growth of the market is mainly attributed to such factors as the increasing prevalence of eye diseases causing corneal blindness and the significant increase in the elderly population. However, the high cost of ophthalmic surgeries and devices is hampering the growth of the market.

According to the American Academy of Ophthalmology 2021, there is a high demand for cornea donors worldwide, as around 10 million people are in need of corneal transplants. However, the number of transplant recipients greatly exceeds the availability of corneal tissue. In densely populated counties like India, blind cornea patients wait for a cornea transplant for more than 6 months. According to the National Center for Biotechnology Information, about 6.8 million people across the country have poor vision in one eye, and about 1 million people have poor vision in both eyes, caused by diseases of the cornea. In 2019, corneal blindness affected approximately 120,000 people in India, and by the end of 2020, it is estimated that there would be 10.6 million cases of unilateral corneal blindness.

The country needs about 250,000 corneas each year; however, the total number of corneas donated each year is approximately 25,000. According to the General Directorate of Health Services, approximately 25,000 corneal transplants are performed each year at a need of one million dollars. Thus, the shortage of corneal donors, in contrast to the high prevalence of corneal blindness, is expected to provide high growth opportunities for corneal implant manufacturers.

The artificial cornea and corneal implants market, by type, is segmented into human cornea and artificial cornea. Human cornea segment is expected to hold greater market share in 2021. However, artificial cornea segment is expected to register higher CAGR in the market during the forecast period. Based on the type of transplant, the artificial cornea and corneal implants market is segmented into Penetrating Keratoplasty, Endothelial Keratoplasty, and others. The penetrating keratoplasty segment is expected to represent the largest market share in 2021.

However, Endothelial Keratoplasty segment is expected to register the highest CAGR in the market during the forecast period. The artificial cornea and corneal implants market, based on disease indication, is segmented into Fuchs dystrophy, keratoconus, fungal keratitis, and others. The Fuchs Dystrophy segment is expected to represent the largest market share in 2021.

However, the fungal keratitis segment is expected to register the highest CAGR in the market during the forecast period. Based on the end user, the artificial cornea and corneal implants market is segmented into hospitals, specialty clinics and ASCs, and others. The specialty clinics and ASC segment is expected to represent the largest market share in 2021, and furthermore, it is expected to register the highest CAGR in the market during the forecast period.

The reasons to buy

  • Gain and reduce the time required to conduct entry-level research by identifying the growth, size, leading players and segments in the Artificial Cornea and Corneal Implants market.

  • Highlights key business priorities to help companies realign their business strategies.

  • The key findings and recommendations highlight crucial progressive industry trends in the Corneal and Artificial Corneal Implants Market, thereby enabling value chain players to develop effective long term strategies.

  • Develop / modify business expansion plans using a substantial growth offering in developed and emerging markets.

  • Take an in-depth look at the global market trends and outlook associated with the factors driving the market, as well as those hindering it.

  • Improve the decision-making process by understanding the strategies that underpin security interests with respect to customer products, segmentation, pricing, and distribution.

Market dynamics

Conductors

  • Increased prevalence of eye diseases causing corneal blindness

  • Significant increase in the elderly population

Constraints

  • Expensive ophthalmic surgeries and appliances

Opportunities

  • Corneal donor shortage offers opportunities for corneal implant manufacturers

Future trends

Companies mentioned

  • AJL Ophthalmic S.

  • Vision Advancement Network

  • Aurolab

  • Cornée Biosciences Inc.

  • LinkoCare Life Sciences AB

  • Keramed, Inc.

  • EyeYon Medical

  • Florida Lions Eye Bank

  • Corneate Vision

  • CorneaGen

For more information on this report, visit https://www.researchandmarkets.com/r/73khcg


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