U.S (New York) – Report Ocean has recently published a comprehensive research report titled “Artificial Cornea and Corneal Implant Market” Research Report 2023-2031. This report delves deep into the market and offers valuable insights into (Key Market Trends, Emerging Technologies, Market Drivers and Challenges of the Industry, Regulatory Policies), company profiles of key players, and their strategies. With over 100+ market data tables, pie charts, graphs, and figures, this global market study is now available. The report provides a thorough evaluation of the market, (Encompassing Future Trends, Current Growth Factors, Expert Opinions, Factual Information), and industry-validated market data, with a forecast extending until 2031.
The global artificial cornea and corneal implant market generated $376.61 million in 2020 and is projected to reach $656.19 million by 2028, growing at a CAGR of 7.9% from 2021 to 2028. A corneal transplant involves replacing a cloudy cornea with a clear donor cornea. Donor tissue comes from individuals who have donated their eyes for the benefit of others. The donor corneas used in transplants are kept freshly stored in eye banks. Furthermore, artificial cornea is an option for transplant patients who cannot tolerate a human donor cornea.
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The global artificial cornea and corneal implant market is expected to witness a substantial growth in the future, driven by the rise in geriatric population and surge in prevalence of eye diseases. In addition, increase in prevalence of eye disorders and government initiatives to control visual impairment further boost the market growth. However, the high cost of ophthalmology devices and surgical procedures is expected to restrain the growth of the market during the forecast period.
Around 10 million people in world are reported to suffer from corneal blindness. Therefore, rise in incidences of corneal blindness is the primary factor that drives the growth of the artificial cornea implant market. Moreover, lack of availability of human cornea donor is responsible for the robust growth of the market. In addition, increase in incidences of trauma cases lead to high chances of eye injury, which further propel the market growth. The possibility of nerve regeneration after cornea transplant by human donor cornea is low while the possibility of nerve regeneration after biosynthetic cornea implant is high. The rejection of artificial cornea made up of alloplastic material by human eye is expected to be the major factor that restrains the growth of the market. Artificial cornea implant is a costly surgery, therefore the adoption for this surgery is quite low in the developing countries which deters the growth of the market during the forecast period. In addition, low availability of human cornea donor and high risk in the grafting artificial cornea implant have made a huge impact in the global market.
The artificial cornea and corneal implant market is segmented on the basis of type, transplant type, disease indication, end user, and region. By type, the market is divided into human cornea and artificial cornea. By transplant type, it is categorized into penetrating keratoplasty, endothelial keratoplasty, anterior lamellar keratoplasty and keratoprosthesis. By disease indication, the market is divided into Fuchs’ Dystrophy, Fungal Keratitis, Keratoconus and others. By end user, the market is segmented into hospitals, ambulatory surgical centers, and specialty clinics. On the basis of region, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, UK, France, Spain, Italy, and rest of Europe), Asia-Pacific (Japan, China, India, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA)..
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
KEY BENEFITS FOR STAKEHOLDERS
– The study provides an in-depth analysis of the artificial cornea and corneal implant market, and the current trends and future estimations to elucidate the imminent investment pockets.
– It presents a quantitative analysis of the market from 2020 to 2028 to enable stakeholders to capitalize on the prevailing market opportunities.
– Extensive analysis of the key segments of the industry helps to understand the trends in artificial cornea and corneal implant globally
– Key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.
LIST OF KEY PLAYERS PROFILED IN THE REPORT
– AJL Ophthalmic
– CorneaGen Inc.
– CorNeat Vision
– LinkoCare Life Sciences AB
– Presbia plc
– Mediphacos
– Aurolab
– Cornea Biosciences
– DIOPTEX GmbH
– EyeYon Medical
KEY MARKET SEGMENTS
By Type
– Human Cornea
– Artificial Cornea
By Transplant Type
– Penetrating Keratoplasty
– Endothelial Keratoplasty
– Anterior lamellar keratoplasty
– keratoprosthesis
By Disease Indication
– Fuchs’ Dystrophy
– Fungal Keratitis
– Keratoconus
– Others
By End User
– Hospitals
– Specialty Clinics
– Ambulatory Surgical Centers
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By Region
North America
– U.S.
– Canada
– Mexico
Europe
– Germany
– UK
– France
– Italy
– Spain
– Rest of Europe
Asia-Pacific
– Japan
– China
– India
– Australia
– Rest of Asia-Pacific
LAMEA
– Brazil
– Saudi Arabia
– South Africa
– Rest of LAMEA
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