Artificial Cornea and Corneal Implant Market Growing at a Rapid Pace by 2028 | Trends and Future Forecasting
The global artificial cornea and corneal implant market size was USD 437.6 Million in 2022 and is expected to register a revenue CAGR of 7.9% during the forecast period. Increasing prevalence of ophthalmic infection, rising investment and initiatives in eye care, increasing research and development in artificial cornea implants, and growing number of surgeries and demand for new techniques are some of the major factors driving the market revenue growth.
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However, as the artificial cornea implant procedure is
expensive and is not used at a huge rate in developing countries,
market revenue growth will be constrained during the forecasted period. The
global market has also been significantly impacted by the lack of human cornea
donors and the high risk of complications in cornea implants.
Key Highlights from the Report
- The
human cornea segment accounted for largest revenue share in 2022. The
human cornea is the only treatment option for the estimated 12.7 million
individuals who are blind from corneal stromal disease is an implanted
cornea from a human donor. Researchers have now developed a cell-free
genetically modified corneal tissue implant made of pig skin collagen
protein and a minimally invasive surgical procedure for its placement,
which is driving revenue growth of this segment.
- The
keratoprosthesis registered a significantly fast revenue growth rate in
2022 owing to having some advantages. It is the most popular method of
corneal transplantation due to the limited swelling, vision restoration,
and lack of graft rejection options. A keratoprosthesis, which
incorporates a donor cornea with an artificial one, can be helpful for patients
who need extensive ocular surface surgery. The abbreviation for the
synthetic cornea is keratoprosthesis.
- The
artificial cornea and corneal implant market in North America accounted
for largest revenue share in 2022 due to the increasing prevalence of
diabetes and hypertension, which are driving revenue growth of the market
in this region. For instance, two of the main risk factors for
Cardio-cerebrovascular
- Diseases
(CVDs) are hypertension and diabetes mellitus. Hypertension was the main
factor in more than 670,000 deaths in the United States in 2020. A
systolic blood pressure of greater than 130 mmHg or a diastolic blood
pressure of greater than 80 mmHg, or using a hypertension medication,
characterizes approximately half of the adults in the United States
The
section on the competitive landscape offers valuable and actionable insights
related to the business sphere of the Warehouse Robotics market, covering
extensive profiling of the key market players. The report offers information
about market share, product portfolio, pricing analysis, and strategic
alliances such as mergers and acquisitions, joint ventures, collaborations,
partnerships, product launches and brand promotions, among others. The report
also discusses the initiatives taken by the key companies to combat the impact
of the COVID-19 pandemic.
Key
Companies Profiled in the Report are: CorneaGen, AJL Ophthalmic S.A., Addition Technology, Presbia PLC,
EyeYon, LinkoCare Life Sciences AB, MEDIPHACOS, SightLife, San Diego Eye Bank.,
Aurolab.
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Artificial
Cornea and Corneal Implant Market segmentation
Emergen Research has segmented the global artificial
cornea and corneal implant market on the basis of type, transplant type,
disease type, end-use, and region:
- Type
Outlook (Revenue, USD Million; 2019-2032)
- Artificial
Cornea
- Human
Cornea
- Transplant
Type Outlook (Revenue, USD Million; 2019-2032)
- Endothelial
Keratoplasty
- Penetrating
Keratoplasty
- Anterior
lamellar keratoplasty
- Keratoprosthesis
- Disease
Type Outlook (Revenue, USD Million; 2019-2032)
- Fungal
Keratitis
- Keratoconus
- Fuch’s
Dystrophy
- Others
- End-Use
Outlook (Revenue, USD Million; 2019-2032)
- Hospitals
- Specialty
Clinics
- Others
Additionally,
the report covers the analysis of the key players in the industry with a
special focus on their global position, financial status, and their recent
developments. Porter’s
Five Forces Analysis and SWOT analysis have been covered by the report to
provide relevant data on the competitive landscape.
Detailed Regional Analysis covers:
· North
America (U.S., Canada)
· Europe
(U.K., Italy, Germany, France, Rest of EU)
· Asia-Pacific
(India, Japan, China, South Korea, Australia, Rest of APAC)
· Latin
America (Chile, Brazil, Argentina, Rest of Latin America)
· Middle
East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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ToC
of the report:
Chapter 1: Artificial Cornea and Corneal Implant
Market overview and scope
Chapter 2: Artificial Cornea and Corneal Implant
Market outlook
Chapter 3: Impact analysis of COVID-19 pandemic
Chapter 4: Competitive Landscape
Chapter 5: Drivers, Constraints, Opportunities,
Limitations
Chapter 6: Key manufacturers of the industry
Chapter 7: Regional analysis
Chapter 8: Artificial Cornea and Corneal Implant
Market segmentation based on type applications
Chapter 9: Current and Future Trends
Look Over transcripts provided by Emergen
Research
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