April 02, 2020
According to a recent study titled ‘Corneal Implants Market Size By Tissue Type, By Condition, By End-use, Industry Analysis Report, Regional Outlook, Condition Potential, Competitive Market Share & Forecast, 2019 – 2025’ available with Market Study Report LLC, the global corneal implants market is expected to surpass USD 500 million by the year 2025.
The global corneal implants market is poised for robust growth on the back of burgeoning demand for minimally invasive eye surgeries. As conventional treatment options for corneal diseases have proven to be risky due to complex surgical procedures, patient preference is shifted to non-invasive procedures over the past few years. Researchers have been developing novel corneal implant techniques to improve the eyesight of keratoconus patients. Burgeoning usage of artificial corneas in minimally invasive procedures will accelerate the market growth over the forecast period.
On the regional front, Asia-Pacific corneal implants market is anticipated to record 8% CAGR over 2019-2025. Increasing prevalence of eye disorders in countries such as Japan, India, and China due to high diabetes rate is a key factor boosting the regional market growth. Availability of exceptional quality artificial corneal transplants may further impel the regional share in the forthcoming years.
It is vital to mention that corneal implants market is highly competitive in nature. Major players operating in this industry are undertaking several organic and inorganic growth strategies like acquisitions and mergers to tap major market share. Notably, KeraMed, Massachusetts Eye and Ear, AJL Ophthalmic SA (Intacs), Aurolab, DIPOTEX, CorNeat Vision, Presbia, San Diego Eye Bank, Florida Lions Eye Bank, Alabama Eye Bank, and Alcon are currently at the front of corneal implants industry.
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