The Corneal Implants Market is estimated to be worth US$ 419 million in 2022, and over the following ten years, it is expected to grow at a CAGR of 6.6%. By the conclusion of this forecast period in 2032, the net market valuation is expected to be close to US$ 794 million, according to the PMR corneal implants market study report.
Healthcare professionals foresee a growth in its use in the near future given that it is a one-day procedure and that the price of corneal eyesight is dropping. In the next ten years, it is anticipated that a number of financing initiatives, including both public and private funding, will increase the use of corneal implants.
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Due to the outbreak, there has been a sizable backlog in corneal transplant surgery over the last two years. The number of patients in need of corneal transplants and the quantity of donors are currently significantly out of balance. Since the sector is now recovering, growth is anticipated over the projected period.
During the predicted time, it is also anticipated that the availability of USFDA-approved corneal implant surgery and the introduction of sophisticated Xenia corneal implant procedures like Deep Anterior Lamellar Keratoplasty (DALK) would drive the growth of this market. The use of corneal implants market for genetic corneal diseases, post-operative cataract edoema, presbyopia, and any kind of mechanical or chemical injury to the cornea are included in the other section.
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Key players in the global market operating in this sector are Florida Lions Eye Bank, Alcon, Inc., Aurolab, CorneaGen, AJL Ophthalmic S.A., DIOPTEX, Massachusetts Eye and Ear, San Diego Eye Bank, KeraMed, Inc., Alabama Eye Bank, Inc., and Presbia Plc among others.
Given the somewhat fragmented nature of the international corneal implant businesses to increase their market presence, major corneal implant corporations are using a variety of business methods, including corporate restructuring, acquisitions, and new product launches. For example, CorneaGen obtained a capital of US$ 25 Million through stocks in October 2019 to finance its plan to expand its services internationally.
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Key Segments : Corneal Implants Market Industry Report
By Product Type
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- Human Cornea
- Synthetic
By Surgery Method
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- Penetrating Keratoplasty
- Endothelial Keratoplasty
By Application
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- Keratoconus
- Fuchs Dystrophy
- Infectious Keratitis
- Corneal Ulcers
- Others
By End User
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- Hospitals
- Ophthalmic Centre
- Ambulatory Surgical Centre
By Region
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- North America Market
- Europe Market
- Asia-Pacific Market
- Middle East & Africa Market
- South America Market
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