DUBLIN--(BUSINESS WIRE)--The "Corneal Implants Market- Growth, Trends, COVID-19 Impact and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
The corneal implants market is projected to register a CAGR of more than 6% over the forecast period.
Companies Mentioned
- Florida Lions Eye Bank
- CorNeat Vision
- CorneaGen
- San Diego Eye Bank
- Alabama Eye Bank
- Aurolab
- Cornea Biosciences
- KERAMED, INC.
- Price Vision Group
- LinkoCare LifeSciences AB
Key Market Trends
Penetrating Keratoplasty is expected to Witness a Significant Growth Over the Forecast Period
Based on procedure type, penetrating keratoplasty is predicted to witness significant growth over the forecast period. The major factors owing to the growth of penetrating keratoplasty are the increasing number of people suffering from eye-ball injuries and eye disorders. Penetrating keratoplasty procedures are performed to treat patients suffering from eye disorders such as corneal ulcers and infectious keratitis. In addition, penetrating keratoplasty (PKP) is preferred for treating ectatic corneal disease and has been the standard procedure for the treatment of keratoconus patients with remarkable optical and visual outcomes for keratoconus patients that are contact lens intolerant or have corrected visual acuity. According to the 2019 Eye Banking Statistical Report by the Eye Bank Association of America (EBAA), the domestic use of keratoplasty tissue in the United States has led to an increase in the number of penetrating grafts performed from 17,347 in 2018 to 17,409 in 2019. Hence the increasing number of penetrating keratoplasty procedures performed indicates the rising demand for corneal implants. Thus, in view of the above-mentioned factors, the segment is anticipated to grow significantly over the forecast period.
North America accounted for the Largest Share in the Global Market
Within North America, the United States has held the major share of the market and expected to dominate the forecast period. The increasing awareness pertaining to eye donation in the region and the presence of several organizations are a few of the major factors accounting for the growth of the market in the region. The Eye Bank Association of America (EBAA) celebrates eye donation month held each November to raise awareness about cornea donation and transplantation. Such initiatives increase the number of eye surgeries performed in the country. For instance, according to the 2019 Eye Banking Statistical Report by the Eye Bank Association of America (EBAA), the number of endothelial keratoplasty procedures increased 1% in 2019 to 30,650 from 30,336 in 2018. Moreover, as per the 2020 statistics by the Centers for Disease Control and Prevention (CDC), approximately, 12 million people aged 40 years and above suffer from vision impairment in the United States. Thus increasing prevalence of vision impairment in the region has boosted the number of ophthalmic surgeries that further contribute to the rising demand for corneal implants. Thus, in view of the above-mentioned factors, the market growth will boost in North America.
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Technological Advancements in Corneal Implants
4.2.2 Increasing Prevalence of Geriatric Population
4.2.3 Growing Incidences of Eye Disorders
4.3 Market Restraints
4.3.1 High Cost of Surgical Procedures and Ophthalmic Devices
4.3.2 Availability of Alternative Treatments
4.4 Porter's Five Force Analysis
5 MARKET SEGMENTATION
5.1 By Implant Type
5.2 By Procedure Type
5.3 By Disease Indication
5.4 By End-User
5.5 Geography
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/nqwdrr
