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Corneal Implants Market Analysis

  • Report ID: GMI1227
  • Published Date: Oct 2022
  • Report Format: PDF

Corneal Implants Market Analysis

Corneal implants market from human donor tissue segment recorded a valuation of over USD 320 million in 2021. The segmental gains can be attributed to the rising awareness about corneal transplantation and eye tissue donation techniques. The extensive usage of non-optical grade corneas for therapeutic purposes has resulted in an upsurge in the utilization of donor corneas. Hence, taking note of these scenarios, the industry is set to register a lucrative growth.

 

Global Corneal Implants Market, By Transplant Type

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Corneal implants market from anterior lamellar keratoplasty (ALK) segment is predicted to depict over 7.5% CAGR through 2030. The increasing prevalence of several eye diseases and the subsequent surge in the number of anterior lamellar keratoplasty procedures are the major factors positively influencing segment expansion. The rising popularity of minimally invasive procedures, coupled with the fewer postoperative and intraoperative complications associated with the transplant technique, will increase segment share.

 

Corneal implants market from keratoconus segment is predicted to reach USD 150 million by 2030. Keratoconus is a common eye disease that affects the structure of the cornea and often results in loss of vision. The increased cognizance of corneal transplantation as an effective procedure to restore sight in those with the given condition will accelerate business trends. The inability of keratoconic corneas to handle ultraviolet light-induced oxidative stress and the expanding aging population may further propel the market size.

 

Global Corneal Implants Market, By End-use

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The hospitals segment is set to surpass USD 245 million by 2030. Hospital settings have the availability of robust healthcare infrastructure, emergency facilities, and skilled healthcare professionals, ensuring better patient outcomes. The presence of advanced medical equipment across these establishments translates into an increasing number of patient footfalls, thus augmenting the industry landscape.

 

Global Corneal Implants Market, By Region

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North America corneal implants market was worth over USD 190 million in 2021. This is credited to the expanding geriatric population base and the greater susceptibility of aging people to several chronic ailments, such as diabetes. Diabetic people are more prone to developing eye diseases that lead to vision loss. National Eye Institute estimates suggest that over 30,000 Americans undergo corneal transplants to replace injured and diseased corneas, creating numerous growth opportunities for the regional industry.

Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

Global market size for corneal implants was worth more than USD 320 million in 2021 and is expected to witness a 7% CAGR between 2022 and 2030 owing to the alarming growth in eye disorders and increasing sight-restoring surgeries

Human donor tissue segment accounted for USD 320 million in 2021 and is poised to gain significant momentum through 2030 due to the increasing utilization of donor corneas in corneal transplantation procedures.

North America corneal implants market drive revenues of over USD 190 million in 2021 and is likely to depict a noticeable CAGR from 2022 to 2030 on account of the increasing elderly population and the prevalence of several chronic diseases such as diabetes.

Major players in the corneal implants industry include AJL Ophthalmic SA (Intacs), Alabama Eye Bank, Alcon Inc., Aurolab, CorNeat Vision Ltd., CorneaGen, DIPOTEX, Florida Lions Eye Bank, Keramed, Inc., Massachusetts Eye, and Ear, Mediphacos, Microkpro Medical, and Presbia PLC.

Corneal Implants Market Scope

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Premium Report Details

  • Base Year: 2021
  • Companies covered: 13
  • Tables & Figures: 251
  • Countries covered: 18
  • Pages: 162
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