Corneal Implants Market Demand, Key Players And Opportunities By 2027

Precision Business Insights published a research report on “Corneal Implantable Market by Type of Implant (Refractive Corneal Implantable Device, Corneal Reshaping Implantable Device, Small Aperture Corneal Implantable Device), by End-user (Hospitals, Ophthalmic Clinics, Retail Ophthalmic Stores) and Geography - Global/Region/Country Forecast to 2027”.

Corneal implants have proven to be a promising treatment for correcting reduced near vision in presbyopic patients who want to avoid wearing glasses. For the effective management of presbyopia, a wide range of therapy options are available, ranging from non-surgical to surgical approaches. Corneal implants have a solid case within the therapy range, thanks to recent breakthroughs in biocompatible materials. Improved patient outcomes, as well as a reduction in related ocular surgical complications, are driving the corneal implants industry forward. Furthermore, a rise in demand for corneal implants from ophthalmologists and eye surgeons to lower the risk of post-operative complications is likely to be a major driver of market expansion.

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Corneal implants have become more essential in the therapeutic spectrum as biocompatible materials have improved, and they provide additional clinical benefits to presbyopic patients. Several clinical studies have demonstrated that correcting presbyopia can result in clear and good vision at close, moderate, and far distances. Because it does not remove any corneal tissue and so reduces the danger of ectasia, it has a high safety profile when compared to other risks connected with ocular surgery. Furthermore, corneal implants are reversible, as they can be removed if the patient is unhappy. Additionally, corneal inlay operations can be combined with other laser refractive surgeries to cure ametropia and presbyopia, such as LASIK (laser in-situ keratomileusis) and PRK (photorefractive keratectomy). They can also be used on patients who have had cataract surgery and have had an intraocular lens (IOL) implanted.

The global corneal implants market is segregated by Type, which is further divided into Human Cornea and Artificial Cornea. On the basis of Procedure Type, the market is fragmented into, Penetrating Keratoplasty, Endothelial Keratoplasty, and Other Procedure types. In terms of Disease Indication, the market is categorized into Keratoconus, Fuchs’ Dystrophy, Infectious Keratitis, Corneal Ulcers, and Other Disease Indications. In terms of End-user, the market is divided into Hospitals, Ambulatory Surgical Centers and Ophthalmic Centers.

With 44 percent of total revenue, Europe has a significant market position in the worldwide corneal implants market, which is predicted to grow at a high CAGR of 15 percent over the forecast period. The rising prevalence of presbyopia, the ageing population, the availability of various types of corneal inlays, greater access to healthcare facilities, and higher demand from ophthalmologists are all projected to contribute to Europe's dominance in the worldwide corneal implants market. North America is the second-most lucrative region in the corneal implants market, with a CAGR of 13% projected throughout the projection period, thanks to increased research and development activities, two implants under clinical testing, and increased demand for corneal inlays. Furthermore, the demand for corneal implants in Asia Pacific is being boosted by the continual growth in demand for new technologies and the establishment of private hospitals and eye clinics in rural areas.

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Some of the major key players in the corneal implants market are ReVision Optics (U.S.) AcuFocus, Inc. (U.S.) Presbia PLC (U.S.) KERAMED, INC. (U.S.) PowerVision, Inc. (U.S.) Ocular Systems (U.S.) Cornea Bioscience(Singapore) DIOPTEX (Austria)

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