In 2021, the market for Artificial Corneal Implants Market was worth $ 410 million US dollars. AMR Group projects that the market will reach US$ 697 million by 2031, growing at a CAGR of 6.2 percent between 2022 and 2031. Globally, there is a growing population with serious eye illnesses, and vision loss is emerging as a significant public health issue. The incidence of eye conditions including diabetic retinopathy and ocular hypertension (glaucoma) has surged due to the aging of the population and the rising prevalence of chronic illnesses like diabetes and hypertension. It is also anticipated that the population of blind or severely visually impaired people would rise significantly. Furthermore, a lot of individuals avoided going to hospitals or other healthcare facilities in an effort to stop the virus's spread and as a precaution. Due to this, there was a general decrease in the quantity of corneal transplants performed during the pandemic, which had an adverse effect on the market. However, the market for artificial corneal implants recovered quickly since there was a large patient pool and more product introductions. Furthermore, the market is anticipated to grow during the forecast period due to governments placing a greater emphasis on research and development in the healthcare sector.
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Top companies in the Artificial Corneal Implants Market are,
· AJL Ophthalmic SA
· Alabama Eye Bank
· Inc., Alcon
· Inc., Aurolab
· Cornea Biosciences
· CorneaGen Inc.
· CorNeat Vision
· DIOPTEX GmbH
· EyeYon Medical
· Florida Lions Eye Bank
· KeraMed, Inc.
· LinkoCare Life Sciences AB
· Massachusetts Eye & Ear
· Mediphacos
· Presbia PLC
· Price Vision Group and
· San Diego Eye Bank among
· others.
The leading companies of the Artificial Corneal Implants industry, their market share, product portfolio, company profiles are covered in this report. Key market players are analyzed on the basis of production volume, gross margin, market value, and price structure. The competitive market scenario among Artificial Corneal Implants players will help the industry aspirants in planning their strategies. The statistics presented in this report are an accurate and useful guide to shaping your business growth.
Market Segments:
By Type
• Human Cornea
• Artificial Cornea
By Transplant Type
• Penetrating Keratoplasty
• Endothelial Keratoplasty
• Anterior lamellar keratoplasty
By Application
• Keratoconus
• Fuchs Dystrophy
• Infectious Keratitis
• Corneal Ulcers
By End user
• Hospitals & Ambulatory Surgical Centers
• Specialty Clinics
This research report also presents practical and practical case studies to help you get a clearer understanding of the topic. This research report has been prepared through industry analysis techniques and presented in a professional manner by including effective information graphics whenever necessary. It helps ensure business stability and rapid development to achieve notable remarks in the global Artificial Corneal Implants market.
Opportunities: Shortage of corneal donors:
Around the world, there is a great need for corneal donors because almost 10 million people require corneal transplants. Patients suffering from corneal blindness may wait more than six months for corneal transplants in densely populated countries like India due to a severe scarcity of donor corneas. Ocular problems cause around one million people in the nation to have impaired vision in both eyes and 6.8 million people to have poor vision in one eye. 10.6 million cases of unilateral corneal blindness were predicted to occur in India by the end of 2020. Approximately 120,000 individuals suffered from corneal blindness in 2019. Every year, over 250,000 corneas are required in the nation.
Market Dynamics:
Drivers:
Growing incidence of corneal diseases: As corneal problems become more common, the market for corneal implants is growing significantly. Corneal illnesses are a group of conditions that affect the cornea, which is the transparent front surface of the eye. These conditions can be brought on by genetics, ocular trauma, infections, or degenerative changes. Among the common corneal ailments include Fuchs' endothelial dystrophy, and corneal injuries from infections or accidents. Changes in lifestyle are a significant factor contributing to the rising prevalence of corneal diseases. The risk of corneal problems is enhanced by prolonged screen time, exposure to environmental contaminants, and growing use of contact lenses in daily life. Hereditary susceptibility and age-related changes can also result in corneal diseases.
Restraints:
Regulatory approval: Strict protocols and rules apply to the development and approval of corneal implants. Although these regulations are required to ensure the efficacy and security of medical devices, they also provide challenges for manufacturers and researchers in the corneal implant industry. Preclinical testing and clinical trials are two of the stages of development that medical products, including corneal implants, go through. The purpose of these tests is to evaluate the implant's safety and effectiveness in treating specific ocular conditions. Regulatory agencies such as the U.S. Food and Drug Administration (FDA) in the United States and the European Medicines Agency (EMA) in Europe require vast volumes of data to support safety and efficacy claims.
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Finally, Artificial Corneal Implants Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report provides locales, economic conditions, item values, benefits, limits, creations, supplies, requests, market development rates, and numbers, etc. Artificial Corneal Implants Industry Report Announces Additional New Task SWOT Examination, Speculation Achievement Investigation and Venture Return Investigation.
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