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Corneal Implants Market 2019 Global Analysis, Opportunities and Forecast To 2025

Author : Rahul Sankrityayan | Published Date : 2019-05-27 

The Corneal Implants Market is set to exceed USD 500 million by 2025; according to a new research report by Global Market Insights, Inc. Rising incidence of eye diseases across the globe will foster the corneal implants market growth in upcoming years. According to WHO, cataract, glaucoma and corneal blindness are some of the major reasons of vision loss and prevalence of these conditions is rising. In India, it is predicted that 6.8 million population have vision less than 6/60 in at least one eye because of corneal diseases. It is further predicted that patients with unilateral corneal blindness will raise to 10.6 million by 2020. Such stupendous increase in incidences of corneal diseases will upsurge demand of corneal implants, thereby, fostering the business growth.

Growing geriatric population in developed economies will propel corneal implant market growth over the forecast period. Geriatric population is prone to various chronic diseases such as diabetes that may lead to several corneal diseases including superficial punctate keratitis, persistent epithelial defects, corneal endothelial damage and recurrent corneal erosions. According to NCBI article, diabetic conditions are responsible for 12,000 to 24,000 incidences of blindness in U.S. each year. Wide range of applications of corneal implants in the treatment of corneal diseases will augment industry growth over forecast timeframe. However, shortage of donor material coupled with taboo associated with organ donation may impede the industry growth to some extent.

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Human donor segment accounted for more than USD 300 million in 2018 and is poised to witness significant growth during the forthcoming years. Increasing awareness about eye tissue donation and corneal transplantation, especially in developed countries will favour segment growth. Reimbursement for donor tissue used in corneal surgical procedures will further favor segmental growth. However, rejection of donor cornea is main drawback that might pose negative impact on the segment growth.

Artificial cornea segment is anticipated to witness lucrative 10.1% CAGR by 2025. Availability of superior quality corneal implants to overcome incompatibility issue associated with human donor cornea will foster business growth. High demand of artificial cornea in patients having high rejection rate for human cornea tissue transplants will further spur the segment size.

Penetrating keratoplasty (PK) segment held more than 45% revenue share in 2018 and will show similar growth over the analysis timeline. PK is recognized as effective and safe method for corneal transplantation that should boost segmental growth. Furthermore, adoption of penetrating keratoplasty in the treatment of various corneal pathologies including keratoconus, bullous keratopathy and dystrophies will boost the segment growth.
 
Anterior lamellar keratoplasty (ALK) segment accounted for considerable revenue share in 2018 and is projected to witness around 7.5% CAGR over the forecast period. Segment growth is attributable to surge in the number of ALK procedures worldwide. According to the Eye Bank Association of America, the number of corneal grafts utilized from the U.S. eye banks, for anterior lamellar keratoplasty procedures increased from 2,201 in 2015 to 2,386 in 2016. Increasing number of ALK procedures will thus, spur segment size during the forthcoming years.
 
Ambulatory surgical centers segment will grow at 7.2% from 2019 to 2025. Inclination of patients towards ambulatory surgical procedures due to low cost will augment the end user segment growth. Furthermore, early discharge, less chances of hospital acquired infections and easy reimbursement will increase patient flow in ambulatory surgical centers propelling its growth.

Asia Pacific corneal implants market is anticipated to have more than 8% CAGR over the forecast period. Increasing prevalence of eye diseases and consequent vision loss will drive demand of corneal implants. India alone currently has around 10 million blind people with more than 1 million blinds with both eyes. Moreover, increasing adoption rates for corneal transplantation coupled with developing healthcare infrastructure will propel Asia Pacific industry growth in years to come.
 
Some of the key industry players operating in the corneal implants market include Alabama Eye Bank, Alcon, Florida Lions Eye Bank, Presbia, San Diego Eye Bank, CorNeat Vision, Aurolab, DIPOTEX, AJL Ophthalmic SA (Intacs), KeraMed and Massachusetts Eye and Ear. These players implement strategies such as merger, acquisition, partnerships and innovative product launch to capitalize on market opportunities and sustain market competition. For instance, in March 2019, Alcon acquired PowerVision, Inc., a U.S. based medical device company involved in development of fluid-based intraocular lens implants. This strategy aims to develop innovative and accommodating lens for cataract patients across the world.

Chapter 1. Methodology

1.1. Methodology
1.2. Market definitions
1.3. Forecast parameters
1.4. Data sources
1.4.1. Secondary
1.4.1.1. Paid sources
1.4.1.2. Unpaid sources
1.4.2. Primary

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Chapter 2. Executive Summary

2.1. Corneal implants industry 3600 synopsis, 2014 - 2025
2.1.1. Business trends
2.1.2. Tissue type trends
2.1.3. Transplant type trends
2.1.4. Condition trends
2.1.5. End-use trends
2.1.6. Regional trends

Chapter 3. Corneal Implants Industry Insights

3.1. Industry segmentation
3.2. Industry landscape, 2014 - 2025
3.3. Industry impact forces

3.3.1. Growth drivers
3.3.1.1. Increasing incidence of eye diseases worldwide
3.3.1.2. Rising elderly population in developed economies
3.3.1.3. Growing demand for minimally invasive surgical procedure across the globe

3.3.2. Industry pitfalls and challenges
3.3.2.1. Risks associated with corneal implants
3.3.2.2. Shortage of donor material worldwide

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)

Chapter 6. Corneal Implants Market, By Condition

6.1. Key segment trends

6.2. Fungal keratitis
6.2.1. Market size, by region, 2014-2025 (USD Million)

6.3. Fuchs' dystrophy
6.3.1. Market size, by region, 2014-2025 (USD Million)

6.4. Keratoconus
6.4.1. Market size, by region, 2014-2025 (USD Million)

6.5. Others
6.5.1. Market size, by region, 2014-2025 (USD Million)

Data Tables

TABLE 1    Corneal implants industry 360º synopsis, 2014 – 2025
TABLE 2    Corneal implants market, 2014 – 2025 (USD Million)
TABLE 3    Corneal implants market, by tissue type, 2014 – 2025 (USD Million)
TABLE 4    Corneal implants, by transplant type, 2014 – 2025 (USD Million)
TABLE 5    Corneal implants, by condition, 2014 – 2025 (USD Million)
TABLE 6    Corneal implants market, by end-use, 2014 – 2025 (USD Million)
TABLE 7    Corneal implants market, by region, 2014 – 2025 (USD Million)
TABLE 8    Industry impact forces
TABLE 9    Human donor market size, by region, 2014 – 2025 (USD Million)
TABLE 10    Artificial cornea market size, by region, 2014 – 2025 (USD Million)

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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