Overview

Corneal Implant Market Introduction

The global corneal implant market is projected to value over US$ 500 million by the end of 2027 and record a CAGR of over 6% during the forecast period of 2020-2027.

Cornel Implant is a step that is between contact lenses and a corneal transplant. Corneal implants are mainly used for the treatment of keratoconus, it’s a degenerative disorder of the eye in which the cornea thins and becomes a more conical shape rather than a normal gradual curve. Corneal implants are designed for long term vision with numerous advantages includes outpatient procedure, less invasive than a corneal transplant. There are different types of corneal implants are available which includes refractive corneal implants, corneal reshaping, and small aperture implants.

Corneal Implant Market Overview

Increasing prevalence of corneal ulcers, infection, and keratoconus is expected to boost the growth of the market. Additionally, increasing incidence of genetic disorders like fuch’s dystrophy is expected to fuel the growth. Further, increasing adoption of corneal transplantation in primary healthcare settings and awareness among the general population is expected to boost the growth of corneal implant market. Along with this, increased per capita healthcare expenditure of the general population is expected to increase the adoption of implants. Recent advances in medical technologies further decreased the complication of traditional methods and improved adoption. It also decreased medical errors and increased the success rate of transplantation.

North America market is expected to witness high market share in the global market due to high awareness among the general population. It is followed by the European region and it accounts a significant share in the global market. European and Asia-Pacific regions are expected to witness a high market growth rate during the forecast period. Asia Pacific region is dominated by local manufacturers and expected to remain the same throughout the forecast period. Latin America and Rest of the world market are expected to account a small fraction of market share due to less adoption.

Major market players include ALJ Ophthalmic, S.A., SMR Ophthalmic Pvt. Ltd., Aurolab, LinCor Biosciences Pte Ltd., Ophtec BV, DIOPTEX Medizinprodukte Forschungs-, Entwicklungs- und Vertriebs GmbH, Surgical Specialties Corp and others.

Corneal Implant Market

Corneal Implant Market Segmentation:

By Implant Type

Refractive Corneal Implant
Corneal Reshaping implant
Small Aperture Corneal implants

By End User

Hospital
Clinic

By Region

North America
Latin America
Europe
Asia Pacific
Rest of the World

Competitive Landscape:
• Tier 1 players- established companies in the market with a major market share
• Tier 2 players
• Emerging players which are growing rapidly
• New Entrants

FutureWise Key Takeaways:
• Growth prospects
• SWOT analysis
• Key trends
• Key data-points affecting market growth

Objectives of the Study:
• To provide with an exhaustive analysis on the global Corneal Implant Market by Implant Type, by End User, by Region
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East
• To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financials and core competencies