According to our new research study on “Artificial Cornea and Corneal Implant Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type, Transplant Type, Disease Indication, and End User,” the market is expected to reach US$ 696.18 million by 2028 from US$ 421.86 million in 2021; it is expected to grow at a CAGR of 7.4% during 2021–2028. The report highlights trends prevailing in the market and factors driving its growth. The market growth is mainly attributed to factors such as the increasing prevalence of eye diseases causing corneal blindness and significant rise in elderly population. However, the high cost of ophthalmology surgeries and devices is hindering the market growth.
Based on type, the artificial cornea and corneal implant is segmented into human cornea and artificial cornea. The market based on transplant type is segmented into penetrating keratoplasty, endothelial keratoplasty, and others. The artificial cornea and corneal implant, by disease indication, is segmented into Fuchs’ Dystrophy, keratoconus, fungal keratitis, and others. On the basis of end user, the artificial cornea and corneal implant is segmented into hospitals, specialty clinics and ASCs, and others. On the basis of geography, the laboratory developed test market is segmented into North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, and Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and Rest of Asia Pacific), the Middle East and Africa (the UAE, Saudi Arabia, South Africa, and Rest of the Middle East and Africa), and South and Central America (Brazil, Argentina, and the Rest of South and Central America).
AJL OPHTHALMIC S.; ADVANCING SIGHT NETWORK; Aurolab; CORNEA BIOSCIENCES INC.; LinkoCare Life Sciences AB; KERAMED, INC.; EyeYon Medical; Florida Lions Eye Bank; Corneat Vision; and CorneaGen are among the leading companies in the artificial cornea and corneal implant market.
Asia Pacific would hold the largest share of the artificial cornea and corneal implant market in 2021; further, India is the largest shareholder in the regional market. The market growth in Asia Pacific is mainly attributed to the rising awareness regarding the importance of cornea donation, coupled with surge in social media marketing to encourage a positive attitude toward the same. Additionally, developing healthcare infrastructure and increasing investments to boost the manufacturing capacities are projected to drive the Asia Pacific artificial cornea and corneal implant market growth during the forecast period.
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