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.


Increasing prevalence of ophthalmic or eye infections is a major factor driving the market revenue growth. According to the research, there are between 1 and 1.4 million fungal eye infections every year in the developing world, which result in over 600,000 individuals losing vision in one eye. One type of eye infection, Fungal keratitis cases have poor prognoses as they are typically detected too late to save eyesight. 10% of the patient require surgical eye removal, and 60% of patients will lose vision in the affected eye. In contrast, early diagnosis by corneal implantation typically preserves both the eye and vision. Furthermore, growing number of surgeries and demand for new techniques are driving the market revenue growth. Nowadays, most of the population is adopting cornea implantation for eye infections.

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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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