Overview and Scope
Corneal implants refer to a surgical procedure that involves the replacement or augmentation of a damaged or diseased cornea with an artificial or prosthetic device. Corneal implants are surgically implanted into the cornea of the eye to improve vision and relieve pain.
Sizing and Forecast
The corneal implants market size has grown strongly in recent years. It will grow from $1.28 billion in 2023 to $1.38 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to pioneering surgical techniques, early biomaterial innovation, emergence of keratoplasty, rising awareness of eye disorders, pioneering surgeons’ contributions.
The corneal implants market size is expected to see strong growth in the next few years. It will grow to $1.77 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to personalized medicine approaches, greater accessibility and awareness, innovative biomaterials development, rise in refractive surgeries, growing aging population. Major trends in the forecast period include emergence of minimally invasive techniques, regulatory support and approvals, increased awareness and accessibility, innovation in biomaterials, rise in refractive surgery.
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Segmentation & Regional Insights
The corneal implants market covered in this report 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 cornea implants market in 2023. Asia Pacific is expected to be the fastest-growing region in the global cornea implants market during the forecast period. The regions covered in the corneal implants market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The surge in the prevalence of corneal disorders is expected to propel the growth of the corneal implant market going forward. Corneal disorders refer to a group of medical conditions that affect the cornea, a clear, dome-shaped front surface of the eye, and result in visual impairment and discomfort. A growing number of corneal disorders has created a surge in demand for corneal implants, providing various alternatives to treat corneal abnormalities, enhancing corneal integrity, reducing symptoms, and improving vision. For instance, in December 2022, according to the Center for Disease Control (CDC), a US-based federal agency, in the United States, the prevalence of cataracts (a corneal disorder) among individuals aged over 40 is estimated to be around 20.5 million, representing approximately 17.2% of the population in that age group. Further, it is estimated to exceed 30 million by the year 2028. Therefore, the surge in the prevalence of corneal disorders is driving the growth of the corneal implant market.
Key Industry Players
Major companies operating in the corneal implants market report are Florida Lions Eye Bank Inc., Alcon Inc., Aurolab Aravind Eye Care System, CorneaGen, AJL Ophthalmic SA, DIOPTEX Co. Ltd., KeraMed Inc., Alabama Eye Bank Inc., Presbia Plc, CorNeat Vision Ltd., MediPhacos, EyeYon Medical Ltd., Linkocare Life Sciences AB, Price Vision Group, Cornea Biosciences LLC, Massachusetts Eye and Ear Infirmary, Carl Zeiss Meditec AG, Precise Bio Inc., Bausch & Lomb Incorporated, Johnson & Johnson Vision, Abbott Medical Optics Inc., STAAR Surgical Company, ZEISS Group, Hoya Corporation, Rayner Intraocular Lenses Limited, HumanOptics AG, Morcher GmbH, Lenstec Inc., Hanita Lenses R.C.A Ltd., Omni Lens Pvt. Ltd., Ocular Systems Inc., Moria SA, DORC International BV, Coroneo Pty Ltd, FCI Ophthalmics Inc.
The corneal implants market report table of contents includes:
1. Executive Summary
2. Corneal Implants Market Characteristics
3. Corneal Implants Market Trends And Strategies
4. Corneal Implants Market – Macro Economic Scenario
5. Global Corneal Implants Market Size and Growth
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31. Global Corneal Implants Market Competitive Benchmarking
32. Global Corneal Implants Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Corneal Implants Market
34. Corneal Implants Market Future Outlook and Potential Analysis
35. Appendix
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