Industry News: Corneal Implants Market Size Highlighting Recent Trends and Forthcoming Developments 2025 Forecast Report
Asia-Pacific corneal implants market is expected to grow at 8% during analysis timeframe. Countries such as China, Japan and India have high prevalence of eye diseases as majority of the population suffers from diabetes that affects the vision. Moreover, people in these countries are becoming aware regarding availability of superior quality artificial corneal transplants that should trigger the regional market growth in coming years.
Request a sample of this premium report titled at: www.marketstudyreport.com/request-a-sample/1979113?utm_so...
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.
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.
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.
Corneal Implants Market will exceed USD 500 million by 2025; as per a new research report. 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.
North America corneal implants market held over 60% revenue share in 2018. Considerable regional market share can be attributed to the huge geriatric population suffering from eye diseases and requiring corneal transplant treatment. Favorable demographic trends coupled with supportive regulatory scenario for corneal implants should elevate regional market growth. Also, people suffering from keratoconus and Fuchs’ Dystrophy have immense preference for minimally invasive corneal transplant procedures that proves beneficial for the regional market growth.
Request a discount on standard prices of this premium report at: www.marketstudyreport.com/check-for-discount/1979113?utm_...
Prominent market players operating in the corneal implants market include Alabama Eye Bank, Alcon, Florida Lions Eye Bank, Presbia, San Diego Eye Bank, CorNeat Vision, Aurolab, DIPOTEX, AJL Ophthalmic SA (Intacs), KeraMed and Massachusetts Eye and Ear. Due to intense competition, these industry players implement inorganic growth strategies such as acquisitions and mergers that helps them in gaining substantial market share. For instance, in March 2019, Alcon Inc., acquired PowerVision, Inc., a U.S. based medical device company involved in development of fluid-based intraocular lens implants. This strategy aims to develop innovative and accommodating lens for cataract patients across the world.
Table of Content:
Chapter 1. Methodology
Chapter 2. Executive Summary
Chapter 3. Corneal Implants Industry Insights
Chapter 4. Corneal Implants Market, By Tissue Type
Chapter 5. Corneal Implants Market, By Transplant Type
Chapter 6. Corneal Implants Market, By Condition
Chapter 7. Corneal Implants Market, By End-use
Chapter 8. company Profile
Complete report titled at: www.marketstudyreport.com/reports/corneal-implants-market...
Global Corneal Implants Market Insights, Forecast to 2025
This report studies the global market size of Corneal Implants in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Corneal Implants in these regions. This research report categorizes the global Corneal Implants market by top players/brands, region, type and end user. This report also studies the global Corneal Implants market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
Market Study Report LLC
4 North Main Street,
Selbyville, Delaware 19975
US Toll Free: 1-866-764-2150
Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Industry News: Corneal Implants Market Size Highlighting Recent Trends and Forthcoming Developments 2025 Forecast Report here
News-ID: 1803235 • Views: 198
More Releases from marketstudyreport.com
Industry News: Virtual Personal Assistants (VPA) Market Size Highlighting Recent …
Market Study Report Adds New Research On Virtual Personal Assistants (VPA) Market, Which Is A Detailed Analysis Of This Business Space Inclusive Of The Trends, Competitive Landscape, And The Market Size. Encompassing One Or More Parameters Among Product Analysis, Application Potential, And The Regional Growth Landscape, Virtual Personal Assistants (VPA) Market Also Includes An In-Depth Study Of The Industryâ€™S Competitive Scenario. According research report “Global Virtual Personal Assistants (VPA) Market –
New Live : Self Healing Materials Market Size by Global Trends, Share, Growth | …
Market Study Report Has Added A New Report On Self Healing Materials Market That Provides A Comprehensive Review Of This Industry With Respect To The Driving Forces Influencing The Market Size. Comprising The Current And Future Trends Defining The Dynamics Of This Industry Vertical, This Report Also Incorporates The Regional Landscape Of Self Healing Materials Market In Tandem With Its Competitive Terrain. According to a new study the global self-healing materials
Global Smart Oilfield Market Analysis by top key players based on types and appl …
MarketStudyReport.com adds a new 2018-2023 Global Smart Oilfield Market Report focuses on the major drivers and restraints for the global key players providing analysis of the market share, segmentation, revenue forecasts and geographic regions of the market. The worldwide market for Smart Oilfield is expected to grow at a CAGR of roughly xx% over the next five years, will reach xx million US$ in 2023, from xx million US$ in 2017,
Remote Patient Monitoring Devices Market Global Outlook on Key Growth Trends, Fa …
Remote Patient Monitoring Devices Market Research Report is a professional and in-depth study on the current state of the global industry. The report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Remote Patient Monitoring Devices Market analysis is provided for the international market including development history, competitive landscape analysis, and major regions development status Request a sample of this premium report at: https://www.marketstudyreport.com/request-a-sample/1607715/?utm_source=openpr.com&utm_medium=RV
More Releases for Cornea
Keratoconus Treatment Market hitting new highs through 2023 Analysis with Top Ke …
Market Scenario: The Global Keratoconus Treatment Market has been evaluated as a rapidly growing market and it is expected to continue growing in the near future. Approximately 3 million people are affected by this disease across the globe. Advanced diagnostic and treatment options are key drivers for this market. Increasing awareness of the disease, increasing funding for R&D and growing demand from emerging regions such as Asia are major driving forces of
Keratoconus Treatment Market Is Expected To Reach USD 427.5 Million With Bausch …
This study covers the market dynamics and trends in major countries that are expected to influence the current market scenario and future status of the Global Keratoconus Treatment Market over the forecast period. Market Scenario: Keratoconus KC is a condition of the eye which results in liberal thinning of the cornea. This may result in blurry vision, double vision, near sightedness, astigmatism, and light sensitivity. Usually both eyes are affected. In more
Global Keratoconus Treatment Market estimated to reach USD 427.5 million by 2023 …
Keratoconus KC is a condition of the eye which results in liberal thinning of the cornea. This may result in blurry vision, double vision, near sightedness, astigmatism, and light sensitivity. Usually both eyes are affected. In more severe cases a scarring or a circle may be seen within the cornea. While the cause is unknown, it is thought to occur due to a combination of genetic, environmental, and hormonal factors. Further