Corneal Implants Market: Top 4 trends boosting the industry outlook through 2025

2021-01-26

According to the WHO, as of October 2020, globally at least 1 billion people are suffering from near or far vision impairment. The commercialization scale of corneal implants market is likely to rise along a progressive path in the coming years. There is a growing need for minimally invasive eye surgical solutions as the conventional treatment procedures have proven to be extremely risky due to the complexity involved in it. Effective interventions, like eye examinations and artificial cornea implant procedures, that prevent and treat eye-infections that impact the vision along with the rise in corneal disease incidences have positively influenced the demand for corneal implants. Efforts undertaken by the governments and respective authorities to impart knowledge among the people regarding the need to maintain eye-health has supported the need for upgraded, safe, and reliable treatments. For instance, the Healthy People 2020 Vision initiated by the U.S. government aims at enhancing visual health by reducing visual impairment and blindness across the nation through timely treatment, early detection, and rehabilitation. As per reports, corneal implants market share is likely to cross USD 500 million in terms of total annual remuneration through 2025. Mentioned below are some of the integral factors likely to impact the corneal implants market size in the coming years. High geriatric population An increase in the elderly population especially in emerging countries such as India, China, Japan, Brazil, and Mexico is one of the leading factors behind the need for corneal implants. Most of these people suffer from chronic eye disorders. As per the National Eye Institute, nearly 2.1 million elderly people across the U.S. have age-related macular degeneration. In the U.S. and Germany, the aged population suffering from diabetes has a high prevalence of diabetic retinopathy. This provides considerable opportunities for corneal implants providers since the products considerably bolsters access to effective treatment. Growing establishment of eye clinics An increase in the establishment of specialized eye clinics in both developed, as well as developing nations, has ensured the easy availability of corneal implant solutions. These clinics provide a specialized eye-disease diagnosis as they are well equipped with the latest and necessary medical equipment. However, certain eye clinics are not self-sufficient to carry out surgeries as well as non-invasive transplant processes owing to financial constraints. Physicians as well as eye-specialists that are working in these clinics refer patients to hospitals that have well-equipped technologies and have the ability to carry out surgical procedures. Adoption of artificial corneal implants The introduction of artificial corneal implants has gained considerable recognition over the years as they are highly preferred by patients that cannot tolerate human donor cornea. As per the Cornea Research Foundation of America, nearly 10 million people go through corneal blindness globally of which only 100,000 corneal implant procedures gain access to human donor tissue. The existing crisis of human donor tissue has amplified the demand for artificial corneal implants. To access sample pages of this report titled, “Corneal Implants Market Size By Tissue Type (Human Donor, Artificial Cornea), By Transplant Type (Anterior Lamellar Keratoplasty, Endothelial Lamellar Keratoplasty, Penetrating Keratoplasty), By Condition (Fungal Keratitis, Fuchs Dystrophy, Keratoconus), By End-use (Hospitals, Eye Clinics, Ambulatory Surgical Centers), Industry Analysis Report, Regional Outlook, Condition Potential, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents, please click on the link below North America is a strong market Regionally speaking, North America has emerged as a prominent consumer of corneal implants and accounted for nearly 60% of the global revenue share during the year 2018. Developments in the regional corneal implants market may be attributed to the escalating geriatric population that suffers from severe eye infections and require corneal implants in the process of treatment. People suffering from keratoconus and Fuchs’ Dystrophy have showcased an immense need for minimally invasive corneal implant solutions. As per the European Blind Union, there are nearly 30 million partially- sighted and blind people across Europe. Apparently, nearly one in every 30 European experiences sight loss. This showcases a a high need for corneal transplant, paving the way for an increased number of procedures that are being performed annually. The rise in the elderly population and the constantly growing need for advanced medical procedures have magnified the adoption of corneal implants. Key players in corneal implants market are San Diego Eye Bank, CorNeat Vision, DIPOTEX, Florida Lions Eye Bank, and Presbia. About Global Market Insights, Inc. Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. 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