Artificial Cornea Implant Market Growth Trends, Key Players, Competitive Strategies and Forecasts to 2026
The objectives of this study are as follows:
• To define, describe, and forecast the " Artificial Cornea Implant" market by type, application, component, delivery model, end user, and region
• To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
• To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
• To forecast the market size of market segments with respect to the four key regions: North America, Europe, Asia, and the Rest of the World (RoW)
• To strategically profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies
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Artificial cornea implant is a surgery to eliminate all or part of a damaged cornea and replace it with healthy donor tissue. But, currently there shortage of cornea donor worldwide and eye and tissue banking is also not carrying in many countries. Meanwhile there is always possibility that human eye will reject the transplantation which can cause infection or lack of vision. Cornea Implant is usually performed under certain condition such as keratoconus, degenerative condition or other. The artificial cornea tissue can be made up of polymer plastic such as silica material. Artificial cornea implant are of two type, i.e. synthetic cornea implant and biosynthetic cornea implant. Generally, biosynthetic cornea implantation include immunosuppression and preventive measure should be taken for six month to one year. Whereas, synthetic cornea implant do not include immunosuppression and preventive measure should be taken for seven weeks.
Around 10 million people in world suffering from corneal blindness. Therefore, rising incidences of corneal blindness is the primary factor driving the growth of artificial cornea implant. Moreover, lack of availability of human cornea donor also responsible for the robust growth of this market. Additionally increasing incidences of trauma cases lead to high chances of eye injury which will also propel the growth of this market. The possibility of nerve regeneration after cornea transplant by human donor cornea is low while biosynthetic cornea implant have high possibility of nerve regeneration after implantation. The rejection of artificial cornea made up of alloplastic material by human eye will be the major factor that can restrain the global market of artificial cornea implant. Artificial cornea implant is the costly surgery, therefore the adoption for this surgery is quite low in developing countries which will also deter the growth of this market over the forecast period. Additionally, low availability of human cornea donor and high risk in the grafting artificial cornea implant have made their huge impact the global market.
The global market of artificial cornea implant is classified on the basis of implant type, indication and end user.
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Based on type of implant global market of artificial cornea implant is segmented into the following
• Synthetic Implant
• Biosynthetic Implant
Based on disease indication global market of artificial cornea implant is segmented into the following
• Bullous keratopathy
• Corneal stromal dystrophies
Based on end user global market of artificial cornea implant is segmented into the following
• Ambulatory Surgical Centers
The artificial cornea implant market is expected to grow exponentially over the forecast period due to increasing incidence of corneal infection. There is increase in visual disability due to cloudy cornea for working people which has increased demand of cornea implant in global market. Biosynthetic cornea implant is preferred over synthetic cornea implant by most of the ambulatory surgical centers. Therefore, biosynthetic cornea implant is expected to gain maximum market share by implant type for global artificial corneal implant market. Synthetic cornea implant have used only for severely injured connective tissue. Due to this synthetic implant has less market demand over biosynthetic demand. The crafting of biosynthetic cornea require manual work and it also costly method. It is expected that biosynthetic cornea implant would have huge market demand in near future.
On the basis of geography, artificial corneal implant market is classified in six key region viz. North America, Latin America, Europe, Asia-Pacific excluding China, China, Middle East and Africa. North America is expected to dominate the revenue share by region which is the followed by Europe though more than 90% of biosynthetic cornea implant performed in Europe and United States. During a survey in 2016 it is clarified that 64% of people in U.K. have rejected to donate their cornea for transplantation which has expand the growth cornea implant market globally. Asia Pacific region India and China are low cost market for cornea implant, therefore it is the best place for people who are planning medical tourism. There is dramatic increase in cornea implant market in Middle East Africa Latin America owing to less adoption artificial cornea implant in this region.
Some of the major key player for Artificial Cornea Implant market globally are F. Hoffmann-La Roche Ltd., Regeneron Pharmaceuticals, Inc., Pfizer, Inc., Bayer AG, Bausch & Lomb Incorporated. Another prominent player in the macular edema markets are Aciont Inc., ActiveSite, Pharmaceuticals, Inc., Adverum Biotechnologies, Inc., Aerpio Therapeutics, Inc., Ampio Pharmaceuticals, Inc., Araim Pharmaceuticals, Inc., Astellas Pharma Inc.,Boehringer , Ingelheim GmbH.
MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.
The report provides the following information:
• Tailwinds and headwinds molding the market’s trajectory
• Market segments based on products, technology, and applications
• Prospects of each segment
• Overall current and possible future size of the market
• Growth pace of the market
• Competitive landscape and key players’ strategies
The main aim of the report is to:
• Enable key stakeholder’s in the market bet right on it
• Understand the opportunities and pitfalls awaiting them
• Assess the overall growth scope in the near term
• Strategize effectively with respect to production and distribution
MRR.BIZ is a leading provider of strategic market research. Our vast repository consists research reports, data books, company profiles, and regional market data sheets. We regularly update the data and analysis of a wide-ranging products and services around the world. As readers, you will have access to the latest information on almost 300 industries and their sub-segments. Both large Fortune 500 companies and SMEs have found those useful. This is because we customize our offerings keeping in mind the specific requirements of our clients.
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