The most recent study conducted by Report Ocean, titled “Global Corneal Surgery Devices Market Size, Share, Pricing, Trends, Growth, Report and Forecast 2023-2030,” presents a comprehensive analysis of the worldwide market. This research delves into the factors driving the market, emerging trends, opportunities for development, as well as potential limitations that may affect the Corneal Surgery Devices. The report provides an estimation of the global market size and examines recent strategic actions taken by prominent international competitors.
Global Corneal Surgery Devices Market Size study, by Device Type (Diagnostic and Corneal Surgery Devices, Vision Care) by Transplantation (Deep Anterior Lamellar and Penetrating Keratoplasty, Synthetic Corneas) by Procedures (Pre-Operative Examination, Penetrating Keratoplasty, Lamellar Keratoplasty), by End Users (Ophthalmic Clinics, Hospitals, Other) and Regional Forecasts 2022-2028Global Corneal Surgery Devices Market is valued approximately USD $ billion in 2021 and is anticipated to grow with a healthy growth rate of more than $ over the forecast period 2022-2028. Corneal Surgery Devices is a device which removes a circular disc of cornea and this is used by the surgeon to cut the donor cornea. It basically helps in transplant operation which removes all or only damaged parts of cornea and replace it with healthy donor tissue.
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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.
The increasing in geriatric population has led the adoption of Corneal Surgery Devices across the forecast period. As the elderly population have problem associated with the eye problem. According to Statistics Netherlands’ population, in 2019 there was half the Dutch adult population was older than 50 years which will rise the denture market. So, there is nearly 14 million adults and 7 million people over 50s. And the Dutch population is aging rapidly as there are 6.9 million of 13.7 million adults who are older than 50 years.
That means one in every three adults are older than 50 years. Also, with the increasing technological advancements the adoption & demand for Corneal Surgery Devices is likely to increase the market growth during the forecast period. However, high costs associated for the treatment is expected to hamper the growth of the market over the forecast period of 2022-2028.
The key regions considered for the Global Corneal Surgery Devices Market study includes Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the significant region across the world in terms of market share owing to the growing emphasis of the government on the organ donation policy, high prevalence of diabetes and availability of a number of treatment options. Whereas, North America is anticipated to exhibit highest growth rate over the forecast period 2022-2028. Factors such as growing prevalence of diseases such as cataract, diabetic retinopathy, and glaucoma among others and high prevalence of eye diseases and vision impairment. would create lucrative growth prospects for the Corneal Surgery Devices market across North America region.
Major market player included in this report are:
CryoLife, Inc.
Exactech, Inc.
Kohler GmbH
Lifeline Scientific
AbbVie Inc.
Medtronic
Organogenesis Inc.
Alabama Eye Bank
Alcon
Florida Lions Eye Bank
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Device Type:
Diagnostic and Corneal Surgery Devices
Vision Care
By Transplantation:
Deep Anterior Lamellar and Penetrating Keratoplasty
Synthetic Corneas
By Procedures:
Pre-Operative Examination
Penetrating Keratoplasty
Lamellar Keratoplasty
By End User:
Ophthalmic Clinics
Hospitals
Other
By Region:
North America
U.S.
Canada
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Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Russia-Ukraine War on Market
The market is anticipated to suffer because of the Russia-Ukraine War. The demand for the market has decreased as a result of the political unrest and economic unrest in the area. The war had a detrimental impact on global economic activity, adding to inflationary pressures globally and hindering the post-pandemic recovery, even if it was not the primary cause of the slower-than-anticipated economic growth in 2022 and revised estimates for 2023.
The Five Forces analysis examines the following factors:
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
The PESTLE analysis takes into account the following dimensions:
- Political factors: This includes political policies, stability, and factors related to trade, fiscal policies, and taxation policies.
- Economic factors: This involves analyzing interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates.
- Social factors: These encompass changing family demographics, education levels, cultural trends, shifts in attitudes, and changes in lifestyles.
- Technological factors: This examines changes in digital or mobile technology, automation, and research and development in the relevant industry.
- Legal factors: This entails analyzing employment legislation, consumer law, health and safety regulations, as well as international trade regulations and restrictions.
- Environmental factors: This dimension considers aspects such as climate change, recycling procedures, carbon footprint, waste disposal, and sustainability practices.
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