The global corneal implants market is poised to gain major impetus over the coming years, owing to the product’s utilization in a number of corneal disorders including swelling, infections, scars, dystrophies, and keratoconus. Growth in this market is primarily attributable to the rising elderly population and the exponentially growing instances of eye disorders along with burgeoning demand for minimally invasive surgeries worldwide. Here’s a brief outlook of the top five factors which are anticipated to drive the global corneal implants market in the near future.
According to the WHO, as of October 2020, globally at least 1 billion people are suffering from near or far vision impairment. The commercialization scale of corneal implants market is likely to rise along a progressive path in the coming years. There is a growing need for minimally invasive eye surgical solutions as the conventional treatment procedures have proven to be extremely risky due to the complexity involved in it.
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Corneal implants are recognized for curing a range of problems such as scarring, thinning, clouding or swelling of the cornea. A lot of individuals who require corneal transplants have a problem with the endothelium, the innermost layer of the cornea, thereby making cornea-based eye diseases a significant driving force for the corneal implants market. The World Health Organization estimates that around 1.3 billion people globally are living with some form of vision impairment. Moreover, doctors even suggest that harmful environmental factors like pollution could lead to conditions such as Keratoconus, thereby driving market growth.
The world is observing a rapid growth in the proportion of elderly people. According to the data from the 2017 revision of the UN’s World Population Prospects, the proportion of older persons aged 60 or over is projected to more than double by 2050 and reach approximately 3.1 billion in 2100. Elderly individuals are highly susceptible to conditions like glaucoma, cataract, age-related macular degeneration, and diabetic retinopathy, which are the most common causes of vision loss. Corneal transplant procedure can help bring back vision, reduce pain, and improve the look of damaged corneas. Hence, increasing prevalence of vision related conditions among the geriatric population will escalate the corneal implants market expansion in the future.
As per the European Blind Union, there are nearly 30 million partially- sighted and blind people across Europe. Apparently, nearly one in every 30 European experiences sight loss. This showcases a a high need for corneal transplant, paving the way for an increased number of procedures that are being performed annually. The rise in the elderly population and the constantly growing need for advanced medical procedures have magnified the adoption of corneal implants.
Key corneal implant providers include San Diego Eye Bank, CorNeat Vision, DIPOTEX, Florida Lions Eye Bank, and Presbia.
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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)
5.5.1. 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)
6.4.1. Market size, by region, 2014-2025 (USD Million)
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