Our comprehensive research on the Global Artificial Cornea and Corneal Implant Market (2023-2031) provides insights for businesses. It covers trends, investments, tech advancements, and major players. The report uses qualitative and statistical data from 2017-2031, including SWOT, BCG, PESTLE analysis, and visuals. It offers a full market landscape with stakeholder insights, regional outlooks, and financial considerations.
The global artificial cornea and corneal implant market size was US$ 381.5 million in 2021. The global artificial cornea and corneal implant market is forecast to grow to US$ 701.4 million by 2030 by growing at a compound annual growth rate (CAGR) of 7.1% during the forecast period from 2022 to 2030.
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Factors Influencing the Market
The global artificial cornea and corneal implant market is expected to grow significantly in the future, owing to an increase in the geriatric population and rising cases of eye diseases.
Favourable government initiatives to offer efficient treatments to the population at low cost will also benefit the artificial cornea and corneal implant market. The growing prevalence of eye disorders, as well as government initiatives to combat visual impairment, will drive market growth during the study period.
Increasing disposable income and improving healthcare infrastructure in developing countries will also contribute to the growth of the artificial cornea and corneal implant market during the analysis period.
On the contrary, the high cost associated with ophthalmology devices and surgical procedures may limit the growth of the market during the study period.
COVID-19 Impact Analysis
Because of the COVID-19 outbreak, the implementation of lockdown has delayed treatment for ophthalmic disorders. Many non-essential surgical procedures for eye diseases, such as penetrating keratoplasty and endothelial keratoplasty, have been cancelled as a result. Moreover, the COVID-19 pandemic significantly shifted the focus of the entire healthcare system on the COVID-19 disease. As a result, it hampered the demand for the ophthalmic procedure. Stringent government restrictions also limit the number of visitors to the eye-care centres. As a result, it impeded the growth of the global artificial cornea and corneal implant market.
Regional Analysis
The Asia-Pacific artificial cornea and corneal implant market is forecast to grow at the highest growth rate. It is owing to the rising geriatric population, which will bring several lucrative opportunities for the growth of the artificial cornea and corneal implant market. In addition, the region’s large population base and rising prevalence of several chronic & lifestyle diseases will boost the growth of the market.
The growing use of artificial cornea in primary healthcare settings, especially in hospitals, will benefit the artificial cornea and corneal implant market during the forecast period. Furthermore, China, Japan, and India are the leading countries recording the significantly growing cases of eye ailments, such as glaucoma followed by diabetic retinopathy. As a result, it will escalate the growth of the Asia-Pacific artificial cornea and corneal implant market during the forecast period.
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Competitors in the Market
- AJL Ophthalmic
- CorneaGen Inc.
- CorNeat Vision
- LinkoCare Life Sciences AB
- Presbia plc
- Mediphacos
- Aurolab
- Cornea Biosciences
- DIOPTEX GmbH
- EyeYon Medical
- Other Prominent Players
The report furnishes an intricate comprehension of each segment, delivering potential estimations for principal applications and insights into emerging prospects. Every regional market is meticulously scrutinized to ascertain its potential for growth, development, and demand in the forthcoming years.
As of the end of 2022, the Artificial Cornea and Corneal Implant industry experienced notable growth in its workforce. Starting in January, employment within the Artificial Cornea and Corneal Implant sector exceeded its pre-COVID levels, resulting in an expansion of payrolls by over 15,000 employees throughout the course of the year. The global Artificial Cornea and Corneal Implant output demonstrated a remarkable increase of 5.2% during 2021, primarily attributed to a widespread economic upswing and a surge in demand for commodities. However, the momentum shifted in 2022, with the global industrial sector’s production contracting. This reversal followed a robust expansion in 2021, fueled by altered consumer spending patterns and substantial fiscal support.
Forecasts indicate that the global Artificial Cornea and Corneal Implant output is set to rise by approximately 2.9% in 2023. This projection is underpinned by the gradual recovery of production in Western Europe from its previous troughs, as well as a rebound in output across the Asia/Pacific region. Maintaining its dominant position, China, accounting for nearly 45% of the global Artificial Cornea and Corneal Implant market, remains both its largest producer and consumer. Remarkably, China’s market share has surged since 2010, when it stood at around 26%. This ascent has led to a substantial contribution to the nation’s GDP. Notably excelling as a top exporter, China leads in various sectors, including silicon, PVC, and several specific segments of the Artificial Cornea and Corneal Implant market.
Market Segmentation
The global artificial cornea and corneal implant market segmentation focuses on Type, Transplant, Disease Indication, End-Users, and Region.
By Type Outlook
- Human Cornea
- Artificial Cornea
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By Transplant Type Outlook
- Penetrating Keratoplasty
- Endothelial Keratoplasty
- Anterior lamellar keratoplasty
- Keratoprosthesis
By Disease Indication Outlook
- Fuchs’ Dystrophy
- Fungal Keratitis
- Keratoconus
- Others
By End-Users Outlook
- Hospitals & Ambulatory Surgical Center
- Specialty Clinics
By Regional Outlook
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
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Table of Contents:
Chapter 1: Introduction to the Global Artificial Cornea and Corneal Implant Industry
Chapter 3: Dynamics of the Market
Chapter 4: Profiles of Leading Companies
Chapter 5: Competition in the Global Artificial Cornea and Corneal Implant Market among Players
Chapter 6: Market Size across Global Regions
Chapter 7: Application Segments in the Global Market
Chapter 8: Segment Analysis of the Global Artificial Cornea and Corneal Implant Industry
Chapter 9: Market Chain, Sourcing Strategies, and Downstream Buyers
Chapter 10: Strategies and Key Policies by Distributors/Suppliers/Traders
Chapter 11: In-depth Analysis of Key Marketing Strategies by Market Vendors
Chapter 12: Evaluation of Market Impact Factors
Chapter 13: Forecasted Global Artificial Cornea and Corneal Implant Market Size (2023-2031)
Reasons to Acquire This Report
(A) This research imparts invaluable insights tailored for senior management, policymakers, industry professionals, product innovators, sales executives, and stakeholders within the market. It equips them with the information needed to make well-informed decisions and craft effective strategies.
(B) The report delivers a comprehensive analysis of global, regional, and country-level Artificial Cornea and Corneal Implant market revenues, extending projections until 2030. This dataset empowers companies to gauge their market presence, recognize avenues for growth, and explore emerging markets.
(C) Through meticulous segmentation of the Artificial Cornea and Corneal Implant market encompassing types, applications, technologies, and end-uses, this study empowers leaders to blueprint their products and allocate resources based on the projected growth trajectories of each segment.
(D) Investors stand to gain from the market analysis by gaining insights into market scope, positioning, key drivers, challenges, limitations, expansion prospects, and potential risks. Armed with this knowledge, they can make well-considered investment choices.
(E) The report conducts an intricate analysis of competitors, unraveling their pivotal strategies and market positioning. This intelligence equips businesses with a profound understanding of the competitive landscape, enabling them to chart their own strategies accordingly.
(F) The study facilitates the assessment of Artificial Cornea and Corneal Implant business projections delineated by region, key countries, and prominent companies, bestowing invaluable information for investment strategizing and decision-making.
Why is our study consequential?
Our study holds paramount importance for various reasons, a few of which include:
• Assisting businesses in gauging the viability of new or existing products or services.
• Facilitating business enterprises in the identification and cultivation of novel market segments.
• Providing a preemptive understanding of consumer demand prior to introducing new products, services, or features.
• Enhancing the overall efficacy of marketing, advertising, and promotional initiatives.
• Analyzing market trends to aid businesses in devising adaptive strategies.
• Guiding businesses in the optimal placement of their products.
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