The Corneal Implants Global Market Report 2023, provides comprehensive information on the corneal implants market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Corneal Implants Global Market Report 2023, the market is expected to grow from $1.19 billion in 2022 to $1.28 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global corneal implants market is expected to reach $1.65 billion in 2027 at a CAGR of 6.5%.
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Product innovations are a key trend gaining popularity in the corneal implant market. Major companies operating in the corneal implant market are concentrating on creating innovative products such as biodegradable implants, bioengineered corneal implants, and hybrid corneal implants to sustain their position in the market. For instance, in March 2020, Allergan, a US-based pharmaceutical company, launched DURYSTA, the first Food and Drug Administration-approved intracameral, biodegradable sustained-release implant recommended to lower intraocular pressure. The sustained-release implant provides continuous medication delivery, eliminating the need for patients to use daily eye drops. This product offers convenience, improves treatment compliance, and reduces the potential for medication errors.
The corneal implants market is segmented:
1) By Implant Type: Artificial Corneal Implant, Human Corneal Implant
2) By Procedure Type: Endothelial Keratoplasty, Penetrating Keratoplasty, Other Procedure Types
3) By Application: Keratoconus, Fuchs Dystrophy, Infectious Keratitis, Corneal Ulcers, Other Applications
4) By End-User: Hospitals, Ophthalmic Center, Other End-Users
North America was the largest region in the corneal implants market in 2022.
The table of contents in TBRC’s corneal implants market report includes:
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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