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How Corneal Implants Market Size Growing Rapidly...? Alcon Inc., Florida Lions Eye Bank, San Diego Eye Bank, Massachusetts Eye and Ear

06-27-2019 08:13 PM CET | Health & Medicine

Press release from: Global market insights

Corneal Implants Market

Corneal Implants Market

With the incidences of blindness worldwide set to triple by 2050, the commercialization scale of corneal implants market is undoubtedly expected to traverse along a progressive path. According to a 2017 estimate, cases of blindness are slated to rise to approximately 115 million by 2050. Additionally, the World Health Organization claims that more than 1.3 billion individuals globally suffer from some kind of visual impairments, while 826 million suffer from near-sighted vision impairment and 188.5 suffer from mild vision impairments.
Corneal Implants Market size was valued at USD 334.6 million in 2018 and is expected to witness 6.7% CAGR from 2019 to 2025.

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These statistics provide a vivid testimony to the fact that a substantially huge patient base is on the lookout for suitable treatment, bringing the spotlight on corneal implants industry. These numbers present a significant business opportunity for corneal implants market players, as a substantial majority, approximately 80% according to the World Health Organization, of all vision impairment cases across the world are considered avoidable.
Moreover, effective interventions, such as eye examinations & artificial cornea implant procedures, that prevent as well as treat eye-diseases impacting vision and the exponential rise of corneal diseases cases would be fueling an upsurge in corneal implants market share in the years ahead.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Alabama Eye Bank Inc
2. Florida Lions Eye Bank
3. Alcon Inc.
4. Presbia PLC
5. San Diego Eye Bank
6. CorNeat Vision Ltd.
7. Aurolab
9. KeraMed, Inc
10. Massachusetts Eye and Ear

U.S. corneal implants market | Impact of rising corneal transplant procedures
In 2018, North America accounted for more than 60% of the corneal implants industry share, making it one of the world’s biggest regional markets. The market outlook is further slated to witness a positive transformation owing to the sheer number of visual impairment cases in the region.
The Numbers: According to the American Academy of Ophthalmology, approximately 4.2 million individuals across the U.S. aged 40 years and older suffer from some kind of visual impairment. Around 2.9 million of this demographic suffers from low vision and the remaining 1.3 million are legally blind. This would in consequence, pave the way for the regional corneal implants market to depict a substantial growth rate over the ensuing years.

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The Potential: According to the U.S. Department of Health & Human Services, with the youngest of individuals from the baby boomers populace hitting 65 years of age by 2029, the total number of individuals with blindness & visual impairments across the U.S. is projected to reach the 8 million mark by 2050. Quite overtly, this presents a substantial opportunity to the regional cornea transplant industry, subsequently stimulating the U.S. corneal implant market outlook over the coming years.
Europe corneal implants market| Impact of expanding cornea transplantation cases
The Numbers: According to the European Cornea & Cell Transplantation Registry, cornea transplantations such as keratoplasty are the most frequently performed corneal transplant surgeries in the world.
In fact, the cornea is one of the world’s most frequently transplanted tissue that is intact, with more than 180,000 procedures being performed on an annual basis. It is estimated that more than 30,000 cornea transplantations are performed across Europe on an annual basis.
The Potential: According to the European Blind Union, there are an estimated 30 million partially-sighted & blind people in Europe. In fact, one out of every 30 Europeans experiences sight loss over the course of their lives.
This presents a highly profitable opportunity to the region’s corneal transplant industry, leading to an increased number of procedures being performed on an annual basis. This in turn, has been providing a positive impetus to Europe corneal implants market, slated to depict an exponential growth rate over the forthcoming years.
The Need: According to the Vision Impact Institute, across the UK alone, an elderly person suffering from low vision is two times more likely to experience a fall than the people who are fully-sighted. Treating these falls costs the nation approximately £128 million on an annual basis. This has further facilitated the need among the European populace to get corneas transplanted as opposed to being subjected to other physically damaging hazards.
Propelled by the growing vision impaired population and the subsequent rise in vision repair & restoration surgical procedures, the corneal implants market revenue graph is projected to record substantial gains in forthcoming years. In fact, according to Global Market Insights, Inc., corneal implants market share is estimated to surpass the $500 million renumeration mark by 2025.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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