Research Nester published a report titled “Corneal Implants Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the corneal implants market in terms of market segmentation by tissue type, transplant type, end users, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
Globally, at least 2.2 billion people had a near or distance vision impairment in 2019, as per the World report on vision by the World Health Organization (WHO). Ophthalmic diseases like cataract, glaucoma, infectious keratitis, Fuchs dystrophy, corneal scarring, etc. lead to corneal blindness. According to the same report by the WHO, an estimated 64 million people globally had glaucoma in 2019, while in the same year, 65.2 million people had moderate or severe distance vision impairment or blindness due to cataract. Backed by these factors, the global corneal implants market is estimated to garner significant revenue by growing at a CAGR of ~8% over the forecast period, i.e., 2022 – 2031.
The market is segmented by transplant type into anterior lamellar keratoplasty, penetrating keratoplasty, and endothelial keratoplasty. Among these, the endothelial keratoplasty segment is anticipated to hold the largest share of the market over the forecast period owing to being a common method for the treatment of Fuchs’ dystrophy, which is prevalent among the geriatric population.
Geographically, the global corneal implants market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region, out of which, North America region is anticipated to hold the largest share of the market over the forecast period on the back of large number of manufacturers for corneal implant devices, and increasing research and development activities bringing significant innovative procedures. Additionally, Asia-Pacific region is estimated to grow at the highest rate during the forecast period.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Rise in Ageing Population with Chronic Diseases to Boost Market Growth
Population growth and ageing are expected to increase the risk of acquiring vision impairment. Furthermore, chronic diseases such as diabetes, diabetic retinopathy, and obesity can also lead to vision impairment. As per the WHO, diabetes was a major cause of blindness in 2019, and nearly 1 million people were blind due to it. Corneal blindness is growing among population faster and with it, the demand for corneal transplantation. These factors are significantly driving the growth of the market.
However, high cost of ophthalmology devices and surgical procedures, and rise in concerns regarding the risks associated with corneal implants are expected to hamper the growth of the market.
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