How the Corneal Implant Market is Evolving – Trends & Developments
According to FutureWise analysis the market for Corneal Implant in 2023 was US$ 1.34 billion, and is expected to reach US$ 2.05 billion by 2031 at a CAGR of 5.50%.
A corneal implant serves as a transitional solution between contact lenses and a full corneal transplant. Primarily utilized in the treatment of keratoconus—a degenerative eye condition characterized by the thinning and conical reshaping of the cornea—these implants offer a long-term vision correction option. Corneal implants are advantageous as they can be performed on an outpatient basis and are less invasive compared to corneal transplants.
There are various types of corneal implants available, including refractive corneal implants, corneal reshaping implants, and small aperture implants. The market for corneal implants is expected to grow due to the rising prevalence of corneal ulcers, infections, and keratoconus. Moreover, the increasing incidence of genetic conditions such as Fuchs dystrophy further contributes to this anticipated growth.
The adoption of corneal transplantation in primary healthcare settings, combined with greater awareness among the general population, is also likely to drive the development of the corneal implant market. Additionally, as healthcare expenditures rise on a per capita basis, the adoption of corneal implants may increase. Recent technological advancements in the medical field have significantly minimized complications associated with traditional methods, thereby enhancing the success rates of both corneal transplantation and implant procedures.
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Corneal Implant Market Segmentation:
By Type
- Human Cornea
- Synthetic
By Surgery Method
- Penetrating Keratoplasty
- Endothelial Keratoplasty
By Application
- Keratoconus
- Fuchs Dystrophy
- Infectious Keratitis
- Corneal Ulcers
- Others
By End User
- Hospitals
- Ophthalmic Center
- Ambulatory Surgical Center
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
Competitive Landscape in the Corneal Implant Market:
- Florida Lions Eye Bank
- Alcon, Inc.
- Aurolab
- CorneaGen
- AJL Ophthalmic SA
- DIOPTEX
- Massachusetts Eye and Ear
- San Diego Eye Bank
- KeraMed, Inc.
- Alabama Eye Bank, Inc.
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**Objectives of this Study: **
- To provide a comprehensive analysis of the Corneal Implant Market By Type, By Surgery Method, By Application, By End User and By Region.
- To offer detailed insights into factors such as drivers, restraints, trends, and opportunities, as well as segmental and regional influences on market growth.
- To evaluate current market trends and forecast micro-markets, presenting overall market projections in the form of data sets and PowerPoint presentations.
- To predict the market size in key regions, including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
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