BlueWeave Consulting and Research Pvt Ltd

BlueWeave Consulting plus Research Pvt Ltd

The artificial cornea and corneal implant market in the world were dominated by North America. In North America, the market is well-established, and the US dominates it there. The significant market share associated with North America is primarily explained by the region’s developed healthcare infrastructure, increased adoption of sophisticated healthcare technology, higher spending power among end users of ophthalmic equipment, plus a sizable number of corneal implant producers.

New Delhi, Sept. 05, 2022 (GLOBE NEWSWIRE) — The aging population, increased incidence of eye diseases, government initiatives to lessen visual impairment, and the rising prevalence of vision diseases are the main factors driving the Global Artificial Corneand Corneal Implant Market.

A recent study conducted from the strategic consulting and market research firm, BlueWeave Talking to , revealed that the Global Artificial Corneand Corneal Implant Market was worth USD 397. 5 million in the year 2021. The market is projected to grow at the CAGR associated with 12%, earning revenues of around USD 863. 7 million by the end of 2028. The Global Synthetic Cornea plus Corneal Implant Marketplace are booming because the willingness of the consumer to spend money on attention care will be credited with driving the particular expansion within the synthetic cornea implant market. Additionally , the main driver associated with the market’s growth is the rise in ophthalmic illnesses such as keratoconus, Fuchs dystrophy, and viral keratitis. Within addition, rising healthcare costs for eyesight treatment within emerging nations are fueling the expansion of the artificial cornea implant market globally. Additionally, the market can expand as a result of aspects including the particular rise in surgical procedures as well as the demand for innovative treatment methods. The development of the global artificial cornea implant marketplace, however, is usually threatened with the high cost of cornea implant surgeries. In addition , complications from corneal procedures hinder the widespread use of corneal implants.

Eye Diseases Are Increasingly Common

The global population of persons suffering from serious eyes problems is growing, and vision loss is becoming a major public health concern. The particular rising frequency of chronic diseases such as diabetes and hypertension, as well as the particular aging populace, have all contributed to an increase in the prevalence associated with eye diseases such because diabetic retinopathy and ocular hypertension (glaucoma). The number of blind or low-vision people is definitely likewise predicted to climb dramatically. According to the particular Royal National Institute of Blind People (RNIB), over 2 mil people in the United Kingdom suffered from sight loss in 2013, with that number expected to ascend to 4. 1 million by 2050. The globe now, there are 146 million cases of trachoma, of which 10 mil have trichiasis and need surgery in order to prevent corneal blindness, and 4. 9 million have trachomatous corneal scarring that has caused them to become completely blind. This results within offering lucrative opportunities with regard to the Worldwide Artificial Corneand Corneal Implant Market during the forecast period (2022-2028).

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Lack of Corneal Donors

There is an urgent need for corneal donors because around 10 million people worldwide require corneal transplants. Because of a significant lack of donor corneas, there is a more than six-month waiting list regarding corneal transplants among those with corneal blindness in densely populated countries like India. About 1 million Americans plus 6. 8 million persons in the country, respectively, suffer visible problems within both eyes as a result associated with corneal illnesses. By the end of 2020, ten. 6 mil cases associated with unilateral corneal blindness were expected to occur in India. In 2019, there were about 120, 000 cases of corneal blindness. Although the country needs roughly 250, 500 corneas annually, only about 25, 000 are donated. Given the substantial burden associated with corneal loss of sight and the scarcity of corneal donors, manufacturers of corneal implants should have significant development potential.

Challenges: Insufficient Ophthalmologists

Ophthalmologists are still in great demand, although their numbers have not grown as quickly as the particular global human population. This can be especially clear in emerging nations. In India, intended for instance, there is one ophthalmologist for every 107, 1000 people, compared to one for each 15, 800 in the US. While some locations (mostly urban centers) possess ratios of 1: 9, 000, other others have ratios as low as 1: 608, 500. The average number of ophthalmologists per million inhabitants varies depending on the country’s level of economic development, through nine per million on average in low-income nations to 79 per mil on typical in high-income nations. There were more than 100 ophthalmologists per million persons in just 18 countries (Source: World Bank).

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Segmental Coverage

Global Artificial Corneand Corneal Implant Marketplace – By End-User

Based on end-user, a global Artificial Corneand Corneal Implant Market is segmented into Hospitals, Specialty Clinics, Ambulatory Surgical Centers, and Others. During the projected time period, the category for specialty clinics and ASCs is certainly anticipated to have got the greatest CAGR. The decline in-patient surgeries plus the within demand to get minimally invasive procedures are both factors contributing to this segment’s growth. Concerns about hospital-acquired infections and patient preferences for effective treatment are usually further fostering the growth of this market.

Impact of COVID-19 upon Worldwide Artificial Corneand Corneal Implant Market

Due to lockdowns and other restrictions put in place to stop the particular COVID-19 epidemic, there has been a considerable decrease within the number of patient visits in order to clinics in the first and second quarters associated with 2020. As a result, fewer elective eye procedures were performed each week in hospitals and clinics during that time. The amount of optional procedures offers decreased from 200 surgeries per week to just ten surgeries each week, according in order to the Ophthalmology Times story. Additionally, the frequency of patient appointments to examination centers has been canceled simply by 15% within nations like the US. The particular coronavirus disease (COVID-19) pandemic caused a large loss in patient volume for ophthalmology, according to the same publication. According to estimates, the amount of patients seeking glaucoma treatment decreased by 88% and those seeking cataract surgery simply by 97%. Government programs assisted numerous practices during this particular time, including Paycheck Protection Program loans, which enabled the ophthalmology sector in order to successfully continue operations

Competitive Landscape

The leading market players in the particular Global Artificial Cornea plus Corneal Implant Market are AJL Ophthalmic, CorneaGen Inc, Addition Technology Inc, LinkoCare Life Science AB, Presbia Plc, Mediphacos, Aurolab, Cornea Biosciences, Dioptex GmbH, EyeYon Medical, Massachusetts Eye and Ear, Florida Lions Vision Bank, plus other prominent players.

A global Artificial Corneand Corneal Implant Marketplace is highly fragmented along with the presence of several manufacturing companies in the united states. The market leaders retain their supremacy by spending on research and development, incorporating cutting-edge technologies into their goods, and releasing upgraded items for customers. Various tactics, which includes strategic alliances, agreements, mergers, and partnerships, are used.

Don’t miss the business opportunity within the Global Artificial Corneand Corneal Implant Market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis from the report provides information regarding growth possible, upcoming trends, and statistics of the Worldwide Artificial Corneand Corneal Implant Marketplace. It also highlights the elements driving forecasts of total market size. The report promises in order to provide current technology styles in the Global Synthetic Cornea plus Corneal Implant Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the particular report also analyzes the growth drivers, challenges, plus competitive dynamics from the market.

Recent Development

Scope of the Report

Attributes

Details

Years Considered

Historical data – 2018-2021

Base Year – 2021

Forecast – 2022 – 2028

Facts Covered

Revenue in UNITED STATES DOLLAR Billion

Product Service/Segmentation

By Type, Simply by Transplant Type, By Disease, By End User

Key Players

AJL Ophthalmic, CorneaGen Inc, Addition Technology Incorporation, LinkoCare Life Science AB, Presbia Plc, Mediphacos, Aurolab, Cornea Biosciences, Dioptex GmbH, EyeYon Medical, Massachusetts Attention and Ear, Florida Lions Eye Bank, and other prominent gamers.

By Kind

  • Human Cornea

  • Artificial Cornea

By  Transplant Type

  • Penetrating Keratoplasty

  • Endothelial Keratoplasty

By Disease Indication

  • Fuch’s Dystrophy

  • Fungal Keratitis

  • Keratoconus

  • Others

By End-User

By Region

  • Northern America

  • Europe

  • Asia Pacific

  • Latin The united states

  • Middle East and Africa

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