Corneal Implants Market Size Projected To Reach USD 641.41 Million By 2027: Grand View Research Inc.

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Corneal Implants Market Size Projected To Reach USD 641.41 Million By 2027: Grand View Research Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, Increasing prevalence of ophthalmic diseases, such as keratoconus, Fuchs dystrophy, and infectious keratitis, is the key factor propelling market growth.

Corneal Implants Market Growth & Trends

The global corneal implants market size is anticipated to reach USD 641.41 million by 2027 registering a CAGR of 6.5%, according to a new report by Grand View Research, Inc. Rising prevalence of corneal diseases, such as keratoconus, Fuchs dystrophy, and infectious keratitis, is the major factor driving the market growth.

The gap between demand and supply is also expected to boost the market growth in the long run. Various programs spreading awareness about the importance of corneal donation are also likely to support market growth. Moreover, many European countries are adopting “opt-out” policy for organ donation to meet the growing demand for corneal grafts.

Increasing number of R&D activities related to corneal implants is expected to foster the market growth over the forecast period. Bioengineered cornea, 3D printed cornea, and stem cells therapy are few of the topics gaining attention from the stakeholders.

U.S. corneal implant market size, by application, USD Million (2016 - 2027)

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Corneal Implants Market Report Highlights

  • Based on type, human cornea segment held the largest market share in 2019 and is estimated to retain its dominant position throughout the forecast period

  • Lack of accessibility, shortage of human corneas, and rising number of graft rejection cases are factors expected to drive the segment growth

  • Based on end user, the hospital segment held the largest market share in 2019 and is expected to have a significant growth rate over the forecast period

  • North America holds the largest market share in the global market. U.S, is one of the major suppliers of corneal Implant globally

  • Asia pacific are expected to witness the fastest CAGR over the forecast period due to rising demand for corneal implants in countries, such as China, Indonesia, and Philippines

  • Endothelial keratoplasty segment is expected to register the fastest CAGR from 2020 to 2027 owing benefits, such as faster and better visual restoration with decreased risk of infection and accidents to the eye surface

  • Based on application, Fuchs Dystrophy segment held the largest market share in 2019 and is expected to register the fastest CAGR from 2020 to 2027

  • This growth can be attributed to the factors, such as rising adoption of minimally invasive surgical procedures and high prevalence of the disease

Global corneal implant market share, by end user, 2019 (%)

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Corneal Implants Market Segmentation

Grand View Research has segmented the global corneal implants market on the basis of type, surgery method, application, end user, and region:

Corneal Implant Type Outlook (Revenue, USD Million, 2016 – 2027)

  • Human Cornea

  • Synthetic

Corneal Implant Surgery Method Outlook (Revenue, USD Million, 2016 – 2027)

  • Penetrating Keratoplasty

  • Endothelial Keratoplasty

Corneal Implant Application Outlook (Revenue, USD Million, 2016 – 2027)

  • Keratoconus

  • Fuchs Dystrophy

  • Infectious Keratitis

  • Corneal Ulcers

  • Others

Corneal Implant End-user Outlook (Revenue, USD Million, 2016 – 2027)

  • Hospital

  • Ophthalmic Center

  • Ambulatory Surgery Center (ASC)

Corneal Implant Regional Outlook (Revenue, USD Million, 2016 – 2027)

  • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

    • France

    • Italy

    • Spain

    • Russia

    • Switzerland

    • The Netherlands

    • Sweden

    • Belgium

  • Asia Pacific

    • Japan

    • China

    • India

    • South Korea

    • Thailand

    • Indonesia

    • Philippines

    • Australia

    • Sri Lanka

    • Singapore

  • Latin America

    • Brazil

    • Mexico

    • Argentina

    • Colombia

    • Chile

  • Middle East & Africa

    • South Africa

    • Saudi Arabia

    • UAE

    • Kuwait

    • Israel

List of Key Players of Cornmeal Implants Market

  • Florida Lions Eye Bank

  • Alcon, Inc.

  • Aurolab

  • CorneaGen

  • AJL Ophthalmic SA

  • DIOPTEX

  • Massachusetts Eye and Ear

  • San Diego Eye Bank

  • KeraMed, Inc.

  • Alabama Eye Bank, Inc.

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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