The latest research study “Artificial Cornea and Corneal Implant Market Size: Global Industry Trends, Share, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global artificial cornea and corneal implant market reached a value of US$ 385.5 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 605 Million by 2027, exhibiting at a CAGR of 7.10% during 2022-2027.
Industry Overview and Application :
Artificial cornea and corneal implant refer to the medical procedures that are conducted to replace the damaged cornea with healthy corneal tissue. They are usually performed for the treatment of numerous diseases, such as infectious keratitis, corneal ulcers, keratoconus, Fuchs dystrophy, etc. These procedures include various surgical techniques, including endothelial keratoplasty and penetrating, that involve the transplantation of the entire corneal stem cells. Artificial cornea and corneal implants are available in biosynthetic and synthetic variants that are manufactured using chemical substances and recombinant collagen. These procedures aid in relieving pain, restoring vision, treating damaged corneas, etc. As a result, they find widespread applications in several hospitals, ambulatory surgical centers (ASCs), specialty clinics, etc.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Artificial Cornea and Corneal Implant Market Trends and Drivers:
The rising prevalence of eye-related disorders is primarily driving the artificial cornea and corneal implant market. Besides this, the increasing need for penetrating keratoplasty procedures that assist in treating ecstatic corneal diseases, such as keratoconus and pellucid marginal degeneration, is further augmenting the market growth.
Apart from this, the elevating product innovations, including the development of three-dimensional (3D) printed artificial corneas with enhanced biocompatibility and customizability, are also catalyzing the global market.
Moreover, the escalating product demand to treat cloudy cornea caused by prolonged exposure to digital screens is expected to bolster the artificial cornea and corneal implant market in the coming years.
|Artificial Cornea and Corneal Implant Market Report Scope|
|Market size value in 2021||US$ 385.5 Million|
|Market forecast in 2027||US$ 605 Million|
|Growth Rate||CAGR of 7.10% from 2022 to 2027|
|Base year for estimation||2021|
Global Artificial Cornea and Corneal Implant Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Advancing Sight Network, AJL Ophthalmic S.A., Aurolab, Corneat Vision Ltd, EyeYon Medical, Florida Lions Eye Bank, Keramed Inc., L V Prasad Eye Institute, LinkoCare Life Sciences AB, Mediphacos, Presbia PLC and San Diego Eye Bank.
The report has segmented the market on the basis of region, type, transplant type, disease indication and end user.
Breakup by Type:
- Human Cornea
- Artificial Cornea
Breakup by Transplant Type:
- Penetrating Keratoplasty
- Endothelial Keratoplasty
- Anterior Lamellar Keratoplasty
Market Breakup by Disease Indication:
- Fuchs’ Dystrophy
- Fungal Keratitis
Breakup by End User:
- Ambulatory Surgical Centers
- Specialty Clinics
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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