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Corneal Implants Market Forecast Report 2025: Revenue and Outlook by Industry Players

Author : Ronak Bora | Published Date : 2020-09-16 

Corneal Implants Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

Extensive usage of NGS (next generation sequencing) technology for analyzing DNA and drug development will drive NGS market trends. Advanced NGS technology allows quick and cost-effective sequencing of DNA and RNA and has revolutionized the study of genomics and molecular biology.

Next generation sequencing technology has transformed the method of data interpretation, gene mapping and analysis of large genome. The approach aids researchers and scientists in advanced drug development procedures. For instance, next generation sequencing is used in pathogen detection which is an alternative method for characterization of undesirable pathogens in clinical specimen. Growing adoption of NGS technology in genomic study is estimated to supplement global NGS market share over 2019-2025.

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NGS technology allows rapid and precise determination of genetic mutations as compared to other conventional methods. Third generation sequencing provides a better insight for surveillance of virulence and pathogens. Growing reliance of biotechnology and pharmaceutical companies on next generation sequencing techniques for carrying research activities will foster NGS market size. In terms of revenue, NGS market share is forecast to surpass $15 billion by 2025.

Increasing R&D activities in the field of biotechnology coupled with decrease of costs and improvement of turnaround time associated with NGS techniques will fuel NGS product proliferation as a diagnostic tool in medical industry.

In 2018, NGS market share from clinical research application was valued more than $2 billion. The segment is estimated to witness exponential growth in the years ahead owing to increasing prevalence of chronic diseases and rapid advancements in biotechnology field.

High precision and sensitivity of NGS instruments aid detection of minutest variance in the genes. In addition, NGS technology offers several novel approaches in molecular diagnostics. For instance, advanced NGS technologies enabled researchers to sequence & analyze entire cancer genome systematically. With the growing utilization of NGS technology in diagnosing diseases, NGS instrument market is slated to witness remarkable proceeds over 2019-2025.

On the basis of types, target sequencing market is expected to garner substantial returns over the coming years. As per estimates, the segment is anticipated to witness a double-digit CAGR of 19.5% over 2019-2025.. The technology enables sequencing prominent genes of interest to high depth that aids in recognizing rare variants. Moreover, the technique is also being adopted massively in the development of personalized medicines given its ability to precisely measure individual’s gene pool.

Regionally, North America NGS market is slated to procure a considerable share of the global landscape. The growth can primarily be attributed to the rising prevalence of chronic diseases like cancer. According to the NIH (National Institute of Health), in 2018, around 1,735,350 million new cancer cases were registered in the U.S.  The prevailing scenario will transform NGS market trends in the region over the forthcoming years.

Moreover, presence of strong foothold of major industry players in North America coupled with their focus on advanced and technologically innovative third generation sequencing products will stimulate regional NGS market demand. As per estimates, North America NGS market is slated to record a CAGR of  20%  over 2019-2025.

Prominent industry players contributing in the next generation sequencing market include, Agilent, 10X Genomics BGI, Genapsys, Bio-Rad, Illumina, Long Read Solutions, Nanostring, Pac-Bio, Qiagen, Oxford Nanopore, Thermofisher and Roche. Some of the prominent growth tactics adopted by the market players include novel product development, M&As, partnerships, product differentiation, etc. 

Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/corneal-implants-market

Partial Chapter of the Table of Content 

Chapter 4. Corneal Implants Market, By Tissue Type

4.1. Key segment trends

4.2. Human donor

4.2.1. Market size, by region, 2014 – 2025 (USD Million)

4.3. Artificial cornea

4.3.1. Market size, by region, 2014-2025 (USD Million)

Chapter 5. Corneal Implants Market, By Transplant Type

5.1. Key segment trends

5.2. Anterior lamellar keratoplasty (ALK)

5.2.1. Market size, by region, 2014-2025 (USD Million)

5.3. Endothelial lamellar keratoplasty (ELK)

5.3.1. Market size, by region, 2014-2025 (USD Million)

5.4. Penetrating keratoplasty (PK)

5.4.1. Market size, by region, 2014-2025 (USD Million)

5.5. Others

5.5.1. Market size, by region, 2014-2025 (USD Million)

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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