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Latest updates on Corneal Implants market, a comprehensive study enumerating the latest price trends and pivotal drivers rendering a positive impact on the industry landscape. Further, the report is inclusive of the competitive terrain of this vertical in addition to the market share analysis and the contribution of the prominent contenders toward the overall industry.

Increasing demand for minimally invasive eye surgical procedures globally has positively influenced corneal implants industry growth during forecast years. Conventional treatment options for corneal diseases have proven to be risky due to complexity involved. To cater to this problem, researchers have developed innovative techniques that involves placing of donor tissue from second layer of cornea. Newly introduced techniques of corneal implants strengthened and flattened the cornea thereby, improving eye sight of the patients suffering from keratoconus. As recently manufactured artificial corneal implants are utilized in these minimally invasive procedures, the corneal implants industry will offer numerous growth opportunities.

Growing elderly population base in developed economies is one of the major factors driving industry growth as majority of them suffer from eye disorders. According to National Eye Institute, around 2.1 million elderly Americans have age-related macular degeneration. In countries such as the U.S. and Germany, geriatric population suffering from diabetes has high prevalence of diabetic retinopathy. This scenario proves beneficial for corneal implants market growth as it substantially augments demand of corneal implants. However, shortage of human donor material will affect the industry growth to some extent in coming years.

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Corneal Implants Market will exceed USD 500 million by 2025; as per a new research report.

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Penetrating keratoplasty segment accounted for 47% in 2018. Demand for penetrating keratoplasty is projected to grow gradually in the near future. This procedure is completed in one or two hours and performed on outpatient basis. Thus, patients are able to resume to daily activities in few hours. As recovery time is less its demand is expected to grow over forecast period. Also, plastic shield utilized in these procedures protects eye and enhances healing process that further propels its demand.

Keratoconus segment is projected to have more than 6% growth during analysis timeframe. This condition is predicted to damage cornea and affect vision. Mostly, the patients suffering from keratoconus disease experience distortion of vision causing obstruction in performing daily tasks. This raises the demand for corneal transplant procedures thereby, positively impacting the segmental growth in forthcoming years.

Artificial corneal implants segment witnessed around 10% CAGR throughout the analysis period. Recently developed artificial corneal implants are considered as a substitute for patients that cannot tolerate human donor cornea. According to Cornea Research Foundation of America, around 10 million people suffer from corneal blindness globally out of which only 100,000 corneal implant procedures get access to human donor tissue. Thus, crisis of human donor tissue has boosted the demand for artificial corneal implants, thereby escalating the segment growth.

Eye clinics segment was valued over USD 49 million in 2018 and is projected to have significant growth throughout the analysis timeframe. Eye clinics have expertise that help in diagnosing the eye disease. However, some of these clinics are not self-sufficient to perform surgeries and non-invasive transplant procedures due to budget constraints. Physicians and eye specialists working at eye clinics refer patients to hospitals that are well-equipped and perform surgical procedures.

Major Highlights from Table of contents are listed below for quick lookup into Corneal Implants Market report

Chapter 1. Competitive Landscape

Chapter 2. Company Profiles

Chapter 3. Methodology & Scope

Chapter 4. Executive Summary

Chapter 5. Corneal Implants industryInsights

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Corneal Implants Market Detailed Analysis of Current Industry Figures with Forecasts Growth By 2025 - The Research Process

This entry was posted on September 18, 2020 at 11:58 am and is filed under Eye Sight & Vision. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed. |