Corneal Implants Market Demand, Growth Opportunities & Forecast To 2025
Category: #healthcare  By Ronak Bora  Date: 2021-03-19
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Corneal Implants Market Demand, Growth Opportunities & Forecast To 2025

The global corneal implants market is projected to witness immense revenue growth over the forthcoming years owing to an increasing consumer demand for eye surgical procedures that are minimally invasive in nature. This ongoing shift towards these minimally invasive procedures in being attributed to the proven risks associated to corneal disease treatment options, owing to the complexity involved.

An increase in the elderly population especially in emerging countries such as India, China, Japan, Brazil, and Mexico is one of the leading factors behind the need for corneal implants. Most of these people suffer from chronic eye disorders. As per the National Eye Institute, nearly 2.1 million elderly people across the U.S. have age-related macular degeneration.

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With respect to tissue type, the artificial corneal implant segment is estimated to register a CAGR of 10% over the forecast timeframe. This anticipated growth is ascribed to the newly developed artificial corneal implants that can be used as a substitute in patients who cannot tolerate corneas from a human donor. As per the Cornea Research Foundation of America, approximately 10 million individuals suffer from corneal blindness worldwide.

A significant amount of geriatric population diagnosed with eye disorders in the region needing corneal transplant is projected to augment the North America corneal implants market share. In 2018, the regional market held more than 60% of the overall revenue share. Additionally, favorable demographic trends as well as the introduction of supportive regulatory scenarios that benefit the corneal implants sector would majorly stimulate the industry expansion in North America.

As per the European Blind Union, there are nearly 30 million partially- sighted and blind people across Europe. Apparently, nearly one in every 30 European experiences sight loss. This showcases a a high need for corneal transplant, paving the way for an increased number of procedures that are being performed annually. The rise in the elderly population and the constantly growing need for advanced medical procedures have magnified the adoption of corneal implants.

The competitive landscape of the corneal implants market is inclusive of players such San Diego Eye Bank, CorNeat Vision, DIPOTEX, Florida Lions Eye Bank, and Presbia.

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Partial Chapter of the Table of Content

Chapter 5. Corneal Implants Market, By Transplant Type

5.1. Key segment trends

5.2. Anterior lamellar keratoplasty (ALK)

5.2.1. Market size, by region, 2014-2025 (USD Million)

5.3. Endothelial lamellar keratoplasty (ELK)

5.3.1. Market size, by region, 2014-2025 (USD Million)

5.4. Penetrating keratoplasty (PK)

5.4.1. Market size, by region, 2014-2025 (USD Million)

5.5. Others

5.5.1. Market size, by region, 2014-2025 (USD Million)

Chapter 6. Corneal Implants Market, By Condition

6.1. Key segment trends

6.2. Fungal keratitis

6.2.1. Market size, by region, 2014-2025 (USD Million)

6.3. Fuchs' dystrophy

6.3.1. Corneal Implants Market size, by region, 2014-2025 (USD Million)

6.4. Keratoconus

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About Author

Ronak Bora    

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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