The global corneal implants market size is anticipated to reach USD 641.41 million by 2027 registering a CAGR of 6.5%, according to a new report by Grand View Research, Inc. Rising prevalence of corneal diseases, such as keratoconus, Fuchs dystrophy, and infectious keratitis, is the major factor driving the market growth.
The gap between demand and supply is also expected to boost the market growth in the long run. Various programs spreading awareness about the importance of corneal donation are also likely to support market growth. Moreover, many European countries are adopting “opt-out” policy for organ donation to meet the growing demand for corneal grafts.
Increasing number of R&D activities related to corneal implants is expected to foster the market growth over the forecast period. Bioengineered cornea, 3D printed cornea, and stem cells therapy are few of the topics gaining attention from the stakeholders.
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Based on type, human cornea segment held the largest market share in 2019 and is estimated to retain its dominant position throughout the forecast period
Lack of accessibility, shortage of human corneas, and rising number of graft rejection cases are factors expected to drive the segment growth
Based on end user, the hospital segment held the largest market share in 2019 and is expected to have a significant growth rate over the forecast period
North America holds the largest market share in the global market. U.S, is one of the major suppliers of corneal Implant globally
Asia pacific are expected to witness the fastest CAGR over the forecast period due to rising demand for corneal implants in countries, such as China, Indonesia, and Philippines
Endothelial keratoplasty segment is expected to register the fastest CAGR from 2020 to 2027 owing benefits, such as faster and better visual restoration with decreased risk of infection and accidents to the eye surface
Based on application, Fuchs Dystrophy segment held the largest market share in 2019 and is expected to register the fastest CAGR from 2020 to 2027
This growth can be attributed to the factors, such as rising adoption of minimally invasive surgical procedures and high prevalence of the disease
Grand View Research has segmented the global corneal implants market on the basis of type, surgery method, application, end user, and region:
Corneal Implant Type Outlook (Revenue, USD Million, 2016 - 2027)
Corneal Implant Surgery Method Outlook (Revenue, USD Million, 2016 - 2027)
Corneal Implant Application Outlook (Revenue, USD Million, 2016 - 2027)
Corneal Implant End-user Outlook (Revenue, USD Million, 2016 - 2027)
Ambulatory Surgery Center (ASC)
Corneal Implant Regional Outlook (Revenue, USD Million, 2016 - 2027)
Middle East & Africa
List of Key Players of Cornmeal Implants Market
Florida Lions Eye Bank
AJL Ophthalmic SA
Massachusetts Eye and Ear
San Diego Eye Bank
Alabama Eye Bank, Inc.
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