Artificial Cornea and Corneal Implant Market Insights by 2031 & Covid-19 Analysis | Key players Names: AJL Ophthalmic, CorneaGen Inc, CorNeat Vision

New York, Global Artificial Cornea and Corneal Implant Market size was USD 420 Mn in 2021 and is anticipated to reach USD 752 Mn in 2031, growing at a rate of 6.0 % from 2022 to 2031.

The global artificial cornea and corneal implants market report from Global Insight Services is the single authoritative source of intelligence on Artificial Cornea and Corneal Implant Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

A cornea transplant (keratoplasty) is a surgical procedure to substitute part of the cornea with corneal tissue from a donor. The cornea is the transparent, dome-shaped surface of the eye. It’s where light enters the eye and is a large part of the eye’s ability to see clearly. A cornea transplant may restore vision, reduce pain, and improve the appearance of a damaged or diseased cornea. Most cornea transplant procedures are successful. But cornea transplant carries a small risk of complications, like the rejection of the donor cornea.

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Global Cornea and Corneal Implants Market Drivers

Increasing Prevalence of eye diseases

The number of people with major eye diseases is increasing worldwide, and vision loss is becoming a major public health concern. The growth in the aging population coupled with the increasing prevalence of chronic disorders like diabetes and hypertension have raised the prevalence of eye diseases such as diabetic retinopathy and ocular hypertension (glaucoma). The number of blind individuals or those affected with low vision is also expected to increase extensively. According to the Royal National Institute of Blind People (RNIB), in 2013, around 2 million people in the UK were living with vision loss, and this figure is likely to increase to 4.1 million by 2050. Presently, there are 146 million people worldwide with trachoma, of which 10 million suffer from trichiasis and need surgery to prevent corneal blindness and 4.9 million individuals are completely blind from trachomatous corneal scarring. Moreover, as per the “World Report on Vision 2019” by WHO, nearly 2.2 people worldwide have vision impairment or blindness.

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Cornea and Corneal Implant Market Segmental Analysis

The report covers the cornea and corneal implant market by type, transplant type, disease indication, end-user, and region.

Global Cornea and Corneal Implant Market by Type

The various types comprised in the global cornea and corneal implant market are the human cornea and artificial cornea.

The human cornea segment is likely to hold a major market share during the forecast period. The key factors boosting the growth of the market are rising awareness regarding corneal transplantation and eye tissue donations majorly in developing countries.

Global Cornea and Corneal Implant Market by Transplant Type

The various transplant types comprised in the global cornea and corneal implant market are penetrating keratoplasty, endothelial keratoplasty, anterior lamellar keratoplasty, and Keratoprosthesis.

The penetrating keratoplasty segment is likely to hold the majority of the market share during the forecast period. The factors boosting market growth are the rising number of people suffering from eye disorders such as infectious keratitis and injury of the eyeball.

Global Cornea and Corneal Implant Market by Disease Indication

The various disease indications comprised in the global cornea and corneal implant market are fuchs’ dystrophy, fungal keratitis, keratoconus, and others.

The fuchs’ dystrophy segment is likely to hold a major market share during the forecast period. The key factors such as the increasing incidence of the disease and the growing awareness among people regarding early disease diagnosis are driving the market growth.

Global Cornea and Corneal Implant Market by End User

The various end user such as hospitals & ambulatory surgical centers and specialty clinics are comprised in the artificial cornea and corneal implants market.

The hospitals & ambulatory surgical centers segment is likely to dominate the global cornea and corneal implant market during the forecast period. The key factors such as rising incidences of corneal blindness coupled with increasing cases of trauma cases is propelling the growth of the global cornea and corneal implant market.

Geographical Analysis of Global Cornea and Corneal Implant Market

The global cornea and corneal implant market is studied for key countries of the regions such as North America, Europe, Asia Pacific, and the Rest of the World.

North America is likely to hold the majority of the market share of the global cornea and corneal implant market. The market is well established in North America, with the US dominating the market in this region. The large share of North America is mainly attributed to the established healthcare infrastructure combined with higher adoption of sophisticated healthcare technologies, higher budget among end users of ophthalmologic devices, and a large number of manufacturers for corneal implants in the regions.

Market Players of Global Cornea and Corneal Implants Market

The key players in the global cornea and corneal implants market are AJL Ophthalmic, CorneaGen Inc, CorNeat Vision, LinkoCare Life Sciences AB, Presbia plc, Mediphacos, Aurolab, Cornea Biosciences, DIOPTEX GmbH and EyeYon Medical among others.

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