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Aesthetic Lasers And Energy Devices Market Unveiling the Growth Potential Market Size, Trends, Share, and Growth Projections 2031
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A corneal transplant involves replacing a cloudy cornea with a clear donor cornea. Donor tissue comes from individuals who have donated their eyes for the benefit of others. The donor corneas used in transplants are kept freshly stored in eye banks. Furthermore, artificial cornea is an option for transplant patients who cannot tolerate a human donor cornea.
The global artificial cornea and corneal implant market is expected to witness a substantial growth in the future, driven by the rise in geriatric population and surge in prevalence of eye diseases. In addition, increase in prevalence of eye disorders and government initiatives to control visual impairment further boost the market growth. However, the high cost of ophthalmology devices and surgical procedures is expected to restrain the growth of the market during the forecast period.
Around 10 million people in world are reported to suffer from corneal blindness. Therefore, rise in incidences of corneal blindness is the primary factor that drives the growth of the artificial cornea implant market. Moreover, lack of availability of human cornea donor is responsible for the robust growth of the market. In addition, increase in incidences of trauma cases lead to high chances of eye injury, which further propel the market growth. The possibility of nerve regeneration after cornea transplant by human donor cornea is low while the possibility of nerve regeneration after biosynthetic cornea implant is high.
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The rejection of artificial cornea made up of alloplastic material by human eye is expected to be the major factor that restrains the growth of the market. Artificial cornea implant is a costly surgery, therefore the adoption for this surgery is quite low in the developing countries which deters the growth of the market during the forecast period. In addition, low availability of human cornea donor and high risk in the grafting artificial cornea implant have made a huge impact in the global market.
The artificial cornea and corneal implant market is segmented on the basis of type, transplant type, disease indication, end user, and region. By type, the market is divided into human cornea and artificial cornea. By transplant type, it is categorized into penetrating keratoplasty, endothelial keratoplasty, anterior lamellar keratoplasty and keratoprosthesis. By disease indication, the market is divided into Fuchs' Dystrophy, Fungal Keratitis, Keratoconus and others. By end user, the market is segmented into hospitals, ambulatory surgical centers, and specialty clinics.
The key players operating in the global artificial cornea and corneal implant market include AJL Ophthalmic, CorneaGen Inc., CorNeat Vision, LinkoCare Life Sciences AB, Presbia plc, Mediphacos, Aurolab, Cornea Biosciences, DIOPTEX GmbH, EyeYon Medical.
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KEY BENEFITS FOR STAKEHOLDERS
- The study provides an in-depth analysis of the artificial cornea and corneal implant market, and the current trends and future estimations to elucidate the imminent investment pockets.
- It presents a quantitative analysis of the market from 2020 to 2028 to enable stakeholders to capitalize on the prevailing market opportunities.
- Extensive analysis of the key segments of the industry helps to understand the trends in artificial cornea and corneal implant globally
- Key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.
KEY MARKET SEGMENTS
By Type
- Human Cornea
- Artificial Cornea
By Transplant Type
- Penetrating Keratoplasty
- Endothelial Keratoplasty
- Anterior lamellar keratoplasty
- keratoprosthesis
By Disease Indication
- Fuchs' Dystrophy
- Fungal Keratitis
- Keratoconus
- Others
By End User
- Hospitals
- Specialty Clinics
- Ambulatory Surgical Centers
By Region
North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
Asia-Pacific
- Japan
- China
- India
- Australia
- Rest of Asia-Pacific
LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
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Market report provides answers to the following key questions:
- What are the strengths and weaknesses of the key vendors?
- Who are the main key players and what are their future business plans?
- What will be the market size and growth rate in the upcoming year?
- What are the major factors driving the global market?
- What are the key market trends influencing global market growth?
- What are the factors trending and impacting market shares in different regions? What is the impact of Covid-19 on the industry?
- Who are the key market players and what are their strategies in the global market?
- What are the market opportunities and threats faced by vendors globally? What industry trends, drivers, and challenges are affecting their growth?
- What are the key findings from the five forces analysis of the global market?
What this research study offers -
- Market assessments conducted at the regional and country levels to provide detailed granularity.
- The study focuses on analyzing the factors that impact competition and pricing dynamics.
- Thorough competitive analysis that traces the value chain from upstream to downstream.
- Predictive analysis of upcoming trends and shifts in the supply and demand dynamics.
- Examination of competitive developments, including technological advancements, mergers and acquisitions, etc., in the market.
- Identification of influential factors driving the market's sustained growth, with periodic analysis using tables and figures for forecasting.
- The provided forecast information will support the development of strategic, innovative, and profitable business plans, along with SWOT analysis of players, investment feasibility, and recommendations.
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