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Major Growth Driver Identified in 2025 Corneal Implants Market: Surging Prevalence Of Corneal Disorders Fuels Growth In The Corneal Implant Market
Corneal Implants
Corneal Implants Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The size of the corneal implants market has witnessed significant growth in the recent past. The market which stood at $1.34 billion in 2024 is projected to expand to $1.42 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 5.5%. Factors such as revolutionary surgical methods, the innovative use of early biomaterials, the advent of keratoplasty, increased knowledge of eye diseases, and the instrumental roles played by pioneering surgeons have been the key drivers of expansion during the historic period.
Corneal Implants Market Size Forecast: What's the Projected Valuation by 2029?
The market for corneal implants is anticipated to witness substantial growth in the forthcoming years. It is projected to reach a value of $1.87 billion by 2029, growing at a Compound Annual Growth Rate (CAGR) of 7.2%. This expected growth over the forecast period can be ascribed to factors such as the advent of personalized medicine, increased accessibility and awareness, breakthroughs in biomaterials, a surge in refractive surgeries and the increasing older population. Key trends predicted during the forecast period encompass the development of less invasive procedures, regulatory backing and approvals, heightened awareness and accessibility, innovations in the field of biomaterials, and a rise in refractive surgeries.
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What Are the Drivers Transforming the Corneal Implants Market?
The increased instances of corneal disorders are anticipated to bolster the expansion of the corneal implant market. These disorders encompass a variety of medical issues that impact the cornea - the eye's clear, dome-shaped front surface - leading to vision problems and discomfort. The escalating number of these disorders has resulted in a rise in demand for corneal implants, offering a range of solutions to manage corneal abnormalities, bolster corneal strength, alleviate symptoms, and augment vision. In December 2022, the Center for Disease Control (CDC), a federal agency in the US, reported that the prevalence of cataracts (a corneal disorder) among individuals over the age of 40 in the United States, was estimated to be roughly 20.5 million, accounting for approximately 17.2% of that demographic. Furthermore, it is projected to surpass 30 million by 2028. Consequently, the rise in corneal disorder instances is fuelling the growth of the corneal implant market.
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What Are the Key Trends Driving Corneal Implants Market Growth?
Top businesses in the corneal implants sector are concentrating on the invention of unique corneal shaping solutions aimed to improve visual correction and treat diverse corneal disorders. Innovative corneal shaping solutions refer to cutting-edge medical procedures and tools that are designed to reshape the cornea for enhanced vision and the addressing of refractive mistakes or corneal illnesses. For example, in June 2024, CorneaGen, a US firm known for developing medical devices to combat corneal blindness, introduced Corneal Tissue Addition for Keratoplasty (CTAK), a pioneering and highly effective approach to corneal shaping for keratoconic eyes. CTAK applies a ground-breaking technique of supplementing donor corneal tissue to the existing cornea rather than completely replacing it. This approach is intended to revive the cornea's natural shape, boosting optical clarity.
Which Segments in the Corneal Implants Market Offer the Most Profit Potential?
The corneal implants market covered in this report is segmented -
1) By Implant Type: Artificial Corneal Implant, Human Corneal Implant
2) By Procedure Type: Endothelial Keratoplasty, Penetrating Keratoplasty, Other Procedure Types
3) By Application: Keratoconus, Fuchs Dystrophy, Infectious Keratitis, Corneal Ulcers, Other Applications
4) By End-User: Hospitals, Ophthalmic Center, Other End-Users
Subsegments:
1) By Artificial Corneal Implant: Keratoprosthesis, Artificial Cornea
2) By Human Corneal Implant: Donor Cornea, Preserved Cornea
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Which Firms Dominate the Corneal Implants Market by Market Share and Revenue in 2025?
Major companies operating in the corneal implants market include Florida Lions Eye Bank Inc., Alcon Inc., Aurolab Aravind Eye Care System, CorneaGen, AJL Ophthalmic SA, DIOPTEX Co. Ltd., KeraMed Inc., Alabama Eye Bank Inc., CorNeat Vision Ltd., MediPhacos, EyeYon Medical Ltd., Linkocare Life Sciences AB, Price Vision Group, Cornea Biosciences LLC, Massachusetts Eye and Ear Infirmary, Carl Zeiss Meditec AG, Precise Bio Inc., Bausch & Lomb Incorporated, Johnson & Johnson Vision, Abbott Medical Optics Inc., STAAR Surgical Company, ZEISS Group, Hoya Corporation, Rayner Intraocular Lenses Limited, HumanOptics AG, Morcher GmbH, Lenstec Inc., Ocular Systems Inc., Moria SA, DORC International BV, Coroneo Pty Ltd, FCI Ophthalmics Inc.
Which Regions Offer the Highest Growth Potential in the Corneal Implants Market?
North America was the largest region in the cornea implants market in 2024.Asia Pacific is expected to be the fastest-growing region in the global cornea implants market during the forecast period. The regions covered in the corneal implants market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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