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Latest Updates and Trends in Corneal implants Market : Projected to Attain Expected to USD 2.1 Billion by 2031
Allied Market Research published a report, titled, "Corneal Implants Market by Procedure Type (Penetrating Keratoplasty, Endothelial Keratoplasty and Others), by Disease Type (Keratoconus, Fuch's Dystrophy, Infectious Keratitis and Others), by End Users (Hospitals, Ophthalmic Centers and Others: Global Opportunity Analysis and Industry Forecast, 2021-2031". According to the report, the global corneal implants industry generated $1.2 billion in 2021, and is anticipated to generate $2.1 billion by 2031, witnessing a CAGR of 5.3% from 2022 to 2031.π·ππππ π πππππππππππ ππ ππππππ
The major factor driving the growth of the corneal implant market is the increase in the prevalence of corneal disorders such as keratoconus, fuch's dystrophy, keratitis, corneal scarring, corneal ulcers, and corneal edema. In addition, high growth potential in emerging markets and technological advancements in the field of the cornea is propelling the growth of the market. However, shortage of donor cornea is hampering the corneal implant market growth. On the contrary, the rise in the geriatric population as they are majorly susceptible to suffering from eye diseases are expected to offer remunerative opportunities for the expansion of the cornea implants market during the forecast period.
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Based on procedure type, the penetrating keratoplasty segment held the highest market share in 2021, accounting for nearly two-fifths of the global corneal implants market revenue, and is estimated to maintain its leadership status throughout the forecast period. It is the widely used procedure for corneal transplantation as it has a high success rate and can provide long-term improvement in vision. However, the other segment is projected to manifest the highest CAGR of 5.6% from 2022 to 2031, as the lack of availability of human cornea donors has influenced the adoption of the artificial cornea, advances in the development of artificial cornea, and faster recovery.
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Based on disease type, the Fuchs Dystrophy segment held the highest market share in 2021, accounting for nearly half of the global corneal implants market revenue, and is estimated to maintain its leadership status throughout the forecast period. This segment is also expected to manifest the highest CAGR of 5.6% from 2022 to 2031 owing to the high prevalence of disease and increase in the geriatric population as it is common in the elderly population.
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Based on end users, the hospital's segment accounted for the largest share in 2021, contributing to more than two-fifths of the global corneal implants market revenue, and is estimated to maintain its leadership status throughout the forecast period, owing to the availability of highly qualified healthcare practitioners and increase in health coverage for hospital-based healthcare services from several private & group insurance programs. However, the other segment is expected to portray the largest CAGR of 5.6% from 2022 to 2031. This is owing to a rise in outpatient surgeries for corneal transplantation as it offers cost-effective benefits.
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Based on region, North America held the highest market share in terms of revenue in 2021, accounting for more than two-fifths of the global corneal implants market revenue, and is estimated to maintain its leadership status throughout the forecast period, owing to a rise in technological advancements, higher healthcare spending and rise in prevalence of corneal disorders. However, the Asia-Pacific region is expected to witness the fastest CAGR of 6.0% from 2022 to 2031, owing to surge in the improving healthcare infrastructure and increase in awareness about eye donation.
π³πππ πππ π΄πππππ π·ππππππ: -
AUROLAB
AJL OPTHALMIC SA
CORNEAGEN
KERAMED INC
PRESBIA PLC
CORNEAT VISION
MEDIPHACOS
LINKOCARE LIFE SCIENCES AB
EYEYON MEDICAL
DIOPTEX
The report provides a detailed analysis of these key players of the global corneal implants market. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
π²πππ π΄πππ- https://www.alliedmarketresearch.com/corneal-implants-market-A11924
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πΊπππ π¨πππππππππ π΄πππππ https://www.alliedmarketresearch.com/skin-antiseptic-market-A12682
π΄πππππ π―πππππ π΄πππππ https://www.alliedmarketresearch.com/mental-health-market-A11770
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